Conversion Cap definition

Conversion Cap shall have the meaning set forth in Section 8(a).

Conversion Cap means at all times prior to 60 days prior to the Maturity Date, a number of shares of Common Shares not to exceed 9.5% of the number of Common Shares outstanding as of the date hereof (as determined pursuant to Rule 13d-3 under the Securities Exchange Act of 1934, as amended), and at all times, at the Lender’s election, a number of Common Shares not to exceed (collectively for such Lender, together with Lenders that are Affiliates) 19.99% of the number of Common Shares outstanding (calculated in accordance with the listing standards of the Nasdaq Stock Market Rule 5635(b).

Conversion Cap means 4,000,000 shares of Common Stock, subject to adjustment for any Stock Event (as defined below) that occurs on or after the Fourth Amendment Date.

Examples of Conversion Cap in a sentence

• Any Series A Preferred Shares not converted due to the Conversion Cap and/or the Conversion Restriction shall continue outstanding on the terms set forth herein after such conversion.

• Upon Stockholder Approval, the Conversion Cap shall terminate for all purposes and this Certificate shall be deemed amended to delete all references to the Conversion Cap and the conversion limitation set forth in this Section 6(l).

• The Conversion Rights are expressly limited by and subject to the Conversion Cap for all purposes, unless and until the Stockholder Approval is obtained.

• Series A Preferred Shares shall immediately and permanently cease to be subject to the Conversion Cap upon receipt of Shareholder Approval.

• Notwithstanding any provision to the contrary in this Indenture, in no event shall the number of shares of Common Stock issued upon conversion of the Securities exceed the Conversion Cap, except as a result of the adjustments to the Conversion Rate pursuant to Section 12.4, and the Company shall not be required to make any additional cash payment in lieu of delivering any shares of Common Stock in excess of the Conversion Cap.

More Definitions of Conversion Cap

Conversion Cap shall have the meaning set out in Clause 4.5.

Conversion Cap means 5,750,000 shares of Common Stock, subject to adjustment for any Stock Event (as defined in the Notes) that occurs on or after July 12, 2018 (the “Eighth Amendment Date”); provided, however, that the Conversion Cap shall only apply to conversions of this Note and shall not apply to shares received pursuant to any negotiated share exchange, including, without limitation, any Exchange Shares (as defined in the Eighth Amendment).”

Conversion Cap means a number of shares equal to thirty percent (30%) of the number of shares of the Company’s common stock that are outstanding on the Business Day immediately preceding the date of the Closing of the purchase of Holder’s Debenture.

Conversion Cap has the meaning set forth in the Certificate of Designation.

Conversion Cap means the maximum number of shares of Common Stock that may be issued in connection with any conversion of Notes (or portion thereof) without the approval of the stockholders of the Issuer under the applicable listing standards of The New York Stock Exchange.

Conversion Cap means, at the time of determination, 19.9% of the issued and outstanding shares of Voting Stock on an as converted basis (for the avoidance of doubt, after giving effect to any issuance with respect to which the Conversion Cap is being calculated).

Conversion Cap shall have the meaning assigned to such term in Section 4.1(b);