Conversion Basis definition

Conversion Basis means, at any relevant time, the number of Common Shares which may be obtained upon the conversion of this Debenture pursuant to Section 5.1, as adjusted up to that time in accordance with Section 5.4;

Conversion Basis means $4.0 million.

Conversion Basis means $10.0 million.

Examples of Conversion Basis in a sentence

• Conversion Basis: 32 cubic feet per short ton; 62.4 pounds per cubic foot.

• Each share of Series B Preferred shall be convertible, at the option of the holder(s), on the Conversion Basis in effect at the time of conversion.

• At any time after the Company first issues the Series B Preferred and while any of the shares of Series B Preferred remain outstanding, if the Company shall effect a subdivision or combination of the Common Stock subject to the Protective Provisions (as defined below), the Conversion Basis then in effect immediately before that subdivision or combination shall be proportionately adjusted.

• At any time after the Company first issues the Series C Preferred and while any of the shares of Series C Preferred remain outstanding, if the Company shall effect a subdivision or combination of the Common Stock subject to the Protective Provisions (as defined below), the Conversion Basis then in effect immediately before that subdivision or combination shall be proportionately adjusted.

• In the event that the holder(s) of the Series B Preferred elect to convert such shares into Common Stock, the holder(s) shall have thirty (30) days from the date of such notice in which to tender their shares of Series B Preferred to the Company.B. Conversion Basis.

More Definitions of Conversion Basis

Conversion Basis means 6.25 shares of Common Stock for each Series 1 Share converted, subject to adjustment as provided herein;

Conversion Basis means one Common Share for each U.S. $0.47 principal amount ------------------ of the Note if the Note is converted after the date of issue until on or before 4:30 p.m. (Calgary time) on March 26, 1999, or one Common Share for each U.S. $0.52 principal amount of the Note if the Note is converted thereafter until on or before 4:30 p.m. (Calgary time) on March 26, 2000;

Conversion Basis at any time means the number of Class A convertible shares into which 1 Series A Share may be converted at such time in accordance with Section 3;

Conversion Basis at any time shall mean the number of Common Shares into which at such time one (1) Class A Share shall be convertible in accordance with the provisions of this clause 6 which initially shall be one (1) Common Share for each Class A Share subject to adjustment as described in subclause 6.8;

Conversion Basis at any time shall mean the number of Common Shares of the Corporation into which at such time Special Shares shall be converted in accordance with the provisions of this Schedule "A";

Conversion Basis has the meaning attributed to it in section 5.1.

Conversion Basis means 6.25 Common Shares for each Series 1 Share converted, subject to adjustment as provided herein;