Conversion Preferred definition

Conversion Preferred means the 2002 Series A 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 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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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.
Sample 1

Examples of Conversion Preferred in a sentence

  • Upon three (3) Business Days' prior notice to the Lender and subject to the Lender's prior written consent, the Borrower may elect, at any time prior to the Maturity Date, to convert $8,750,000 of the outstanding principal amount of Loans into 3,500,000 preferred shares of the Borrower (the "Conversion Preferred Stock").

  • If there is an Equity Financing before the termination of this Agreement, on the initial closing of such Equity Financing, this Loan will automatically convert into the greater of: (i) the number of shares of Standard Preferred Stock equal to the Loan Amount divided by the lowest price per share of the Standard Preferred Stock; or (ii) the number of shares of Loan Conversion Preferred Stock equal to the Loan Amount divided by the Loan Price.

  • 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.

  • Upon three (3) Business Days' prior notice to the Lender, the Borrower may elect, at any time prior to the Maturity Date, to convert $10,000,000 of the outstanding principal amount of Loans into 100,000,000 preferred shares of the Borrower (the "Conversion Preferred Stock").

  • Each Conversion Preferred Stock shall have five (5) votes (vis- à-vis the common stock of the Borrower) and be mandatorily converted to the common stock of the Borrower, on a one for one basis, on any Business Day selected by the Borrower within three (3) months after the issuance thereof.

  • 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.

  • Each Conversion Preferred Stock shall have five (5) votes and be mandatorily converted to common stock of the Borrower, on a one for one basis, on any Business Day selected by the Borrower within three (3) months after the issuance thereof.

  • 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.

  • 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

  • Series B Conversion Price means, as of the applicable Conversion Date, the greater of (A) the average of the Market Values of the Common Stock for the five consecutive Trading Days preceeding (but not including) such Conversion Date, or (B) the then effective Series B Minimum Conversion Price.

  • Series B Liquidation Preference means a liquidation preference for each Series B Preferred Unit initially equal to $25.00 per unit, which liquidation preference shall be subject to increase by the per Series B Preferred Unit amount of any accumulated and unpaid Series B Distributions (whether or not such distributions shall have been declared).

  • 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.

  • Series C Liquidation Preference means a liquidation preference for each Series C Preferred Unit initially equal to $25.00 per unit (subject to adjustment for any splits, combinations or similar adjustments to the Series C Preferred Units), which liquidation preference shall be subject to increase by the per Series C Preferred Unit amount of any accumulated and unpaid Series C Distributions (whether or not such distributions shall have been declared).

  • Series C Preferred means all shares of the Series C Preferred Stock, $0.001 par value per share, of the Company.

  • Series B-2 Preferred Stock means shares of the Company’s Series B-2 Preferred Stock, par value $0.001 per share.

  • Series D Preferred means the Corporation's Series D Convertible Preferred Stock, par value $.002 per share.

  • New Preferred Stock means the Convertible Series A Preferred Stock and the Series B Preferred Stock.

  • Series H Preferred Stock means the Corporation's Series H Convertible Preferred Stock, par value $0.004 per share.

  • Liquidation Preference Amount means $25,000 per share of Series A Preferred Stock.

  • 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.

  • Series B-1 Preferred Stock means shares of the Company’s Series B-1 Preferred Stock, par value $0.001 per share.

  • Series F Preferred Stock means shares of the Company’s Series F Preferred Stock, par value $0.0001 per share.

  • Series C Preferred Stock means shares of the Company’s Series C Preferred Stock, par value $0.0001 per share.

  • New Conversion Price means the amount determined in accordance with the following formula, which shall apply from the QTE Effective Date: NCP = ECP * (VWAPAES / VWAPOS) where:

  • Series A Conversion Price shall initially be equal to $0.71. Such initial Series A Conversion Price, and the rate at which shares of Series A Preferred Stock may be converted into shares of Common Stock, shall be subject to adjustment as provided below.

  • Series A Liquidation Preference means a liquidation preference for each Series A Preferred Unit initially equal to $25.00 per unit, which liquidation preference shall be subject to increase by the per Series A Preferred Unit amount of any accumulated and unpaid Series A Distributions (whether or not such distributions shall have been declared).

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

  • Series E Preferred Stock means the Series E Preferred Stock, par value $0.001, of the Company.

  • Series D Preferred Stock means shares of the Company’s Series D Preferred Stock, par value $0.00001 per share.

  • Series C Preferred Units shall have the meaning provided in Section 1.

  • 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 B Preferred means the Company's Series B Preferred Stock, par value $0.01 per share.

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

  • Series E Preferred Shares means the Series E 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.