Examples of Common Conversion Shares in a sentence
The offer, sale and issuance of the Convertible Debentures, the Preferred Conversion Shares and the Common Conversion Shares (collectively, the "Securities") will be exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), and will have been registered or qualified (or are exempt from registration and qualification) under the registration, permit or qualification requirements of any applicable state securities laws.
At any time after its issuance the holder of such Series B Preferred, at its option, may convert all or part of its Series B Preferred into One Thousand Nine Hundred Fourteen (1,914) shares of Common Conversion Shares per share of Series B Preferred (a “Discretionary Conversion”).
Issuance of Series A Preferred Shares and Class A Common Conversion Shares 7 Section 4.05.
Without limiting the generality of the foregoing, all representations, covenants and agreements benefiting the Purchasers shall inure to the benefit of any and all subsequent holders from time to time of the Preferred Stock, the Warrants, the Common Conversion Shares and the Preferred Conversion Shares.
The offer, sale and issuance of the Convertible Debentures, the Preferred Conversion Shares and the Common Conversion Shares (collectively, the "Securities") will be exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), and will have been registered or qualified (or are exempt from registration and qualification) under the registration, permit qualification requirements of any applicable state securities laws.
The "Fully Diluted Common Stock Number" shall mean (x) the total number of shares of Company Common Stock issued and outstanding immediately prior to the Effective Time (including the total number of Common Conversion Shares) plus (y) the total number of shares of Company Common Stock issuable upon exercise of Options (as defined in Section 1.7.2(e) below) outstanding immediately prior to the Effective Time and regardless of restrictions on exercise.
The Company shall permit each Purchaser who holds of record or beneficially at least twenty-five (25%) percent of the Common Conversion Shares and Preferred Conversion Shares issued or issuable upon exercise of the Warrant or conversion of the Notes or the Preferred Shares or its designee to have one representative attend each meeting of the Board of Directors of the Company and each meeting of any committee thereof and to participate in all discussions during each such meeting.
Prior to registration of the Common Conversion Shares under the Securities Act, all such certificates shall bear the restrictive legend specified in Section 5.1 of this Agreement.
No further approval or authorization of any shareholder, the Company’s Board of Directors or others is required for the issuance and sale of the Securities, including the Common Conversion Shares.
At any time after its issuance the holder of such Parent Preferred Stock, at its option, may convert all or part of its Parent Preferred Stock into [—] ([—]) shares of Common Conversion Shares per share of Parent Preferred Stock (a “Discretionary Conversion”).