Conversion Preferred definition

Conversion Preferred means the 2003 Series B Preferred Stock, $0.001 par value, of the Company having the rights and preferences set forth in the Certificate of Designation.
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Conversion Preferred means preferred stock of the Company with identical rights, privileges, preferences and restrictions as the Next Series Preferred, other than (A) the per share liquidation preference, which will be equal to (i) the Conversion Price multiplied by (ii) the liquidation preference multiple granted to the Next Series Preferred (i.e. 1X, 2X, etc.), (B) the conversion price for purposes of price-based anti-dilution protection or other conversion price adjustments (e.g. stock splits, share dividends, reorganizations, recapitalizations, etc.), which will equal the Conversion Price, and (C) the basis for any dividend rights, which will be based on the Conversion Price.
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Conversion Preferred means those certain shares of 2003 Series B Preferred Stock, $.001 par value, of VitalStream issuable upon conversion of the Amended and Restated Notes and having the rights and preferences set forth in the Certificate of Designation with respect to the Series 2003 Series B Preferred Stock.
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Examples of Conversion Preferred in a sentence

  • Except as otherwise provided below, upon conversion, Holder, as a holder of shares of Conversion Preferred, shall be entitled to the same contractual rights and be bound by the same restrictions and obligations as the purchasers of Next Series Preferred in the Qualified Financing.

  • If upon any conversion of this Note, a fraction of a share of Conversion Preferred or CIC Preferred, as applicable, would result, Maker shall instead pay the value of such fraction in cash, determined on the basis of the Conversion Price or CIC Price, as applicable.

  • By acceptance of this Note, Xxxxxx agrees to execute and deliver all documents and agreements necessary to evidence the grant of such rights to Xxxxxx, and the imposition of such restrictions and obligations upon Holder, as are executed by those receiving Conversion Preferred and the purchasers of the Next Series Preferred as part of the Qualified Financing on or before the initial issuance thereof.

  • Upon conversion of this Note as provided in this Section 4, Maker shall promptly issue to Holder a certificate in Holder’s name for the number of shares of Conversion Preferred or CIC Preferred, as applicable, to which Holder is entitled by reason of such conversion, rounded down to the nearest whole share.

Related to Conversion Preferred

  • Liquidation Preference means, with respect to any Series, the amount specified as the liquidation preference per share for that Series in the Appendix for such Series.

  • Preferred Stock as applied to the Capital Stock of any corporation, means Capital Stock of any class or classes (however designated) which is preferred as to the payment of dividends, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such corporation, over shares of Capital Stock of any other class of such corporation.

  • Conversion Amount means the sum of the Stated Value at issue.

  • Series F Preferred Shares means the Series F Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Series D Preferred Shares means the Company’s series D preferred shares, par value US$0.00001 per share.