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

Examples of Conversion Basis in a sentence

• 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.

• Each share of Class A Convertible Preferred Stock shall be convertible, at the option of the holder(s), on the Conversion Basis (as set forth below) in effect at the time of conversion.

• The Company agrees that so long as any Debenture remains outstanding, it will give notice to the Holder, in the manner provided in Article 9, and the Transfer Agent of its intention to fix a record date for any event mentioned in Section 5.4 which may give rise to an adjustment in the Conversion Basis, and, in each case, such notice shall specify the particulars of such event and the record date and the effective date for such event.

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

• 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.

More Definitions of Conversion Basis

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 means $10.0 million.

Conversion Basis means one Share is valued at U.S. $_____________________.

Conversion Basis means the number of Common Shares into which each Class "B" Performance Share is convertible, which number at any particular time determined as follows:

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

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;