Conversion Shares definition

Conversion Shares means, collectively, the shares of Common Stock issuable upon conversion of the shares of Preferred Stock in accordance with the terms hereof.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Conversion Shares means, collectively, the shares of Common Stock issuable upon conversion of this Note in accordance with the terms hereof.

Conversion Shares means the shares of Common Stock issuable upon conversion of the Preferred Stock.

Examples of Conversion Shares in a sentence

Nothing herein shall limit a ▇▇▇▇▇▇’s right to pursue actual damages or declare an Event of Default pursuant to Section 8 hereof for the Company’s failure to deliver Conversion Shares within the period specified herein and the Holder shall have the right to pursue all remedies available to it hereunder, at law or in equity including, without limitation, a decree of specific performance and/or injunctive relief.
Nothing herein shall limit a ▇▇▇▇▇▇’s right to pursue any other remedies available to it hereunder, at law or in equity including, without limitation, a decree of specific performance and/or injunctive relief with respect to the Company’s failure to timely deliver Conversion Shares upon conversion of this Note as required pursuant to the terms hereof.
The Company will use its best efforts to effect and maintain the listing of the Conversion Shares on the NASDAQ Global Market (the “Exchange”).
The number of Conversion Shares issuable upon any conversion of this Note shall be equal to the quotient obtained by dividing (x) the sum of the outstanding principal amount of this Note being converted, plus all accrued and unpaid interest thereon, and all other amounts, costs, expenses and liquidated damages due in respect of this Note by (y) the Conversion Price, subject in all cases to the 19.99% Cap.
This Secured Convertible Debenture and any amounts due hereunder will be convertible into Conversion Shares in accordance with the terms of Section 2.01(c) of the Purchase Agreement, pursuant to the conversion notice attached hereto in substantial form.

More Definitions of Conversion Shares

Conversion Shares means all shares of Common Stock issuable upon conversion of all or any portion of the Note; and “Securities” means the Note and the Conversion Shares.

Conversion Shares means the shares of Common Stock issuable upon conversion of this Debenture or as payment of interest in accordance with the terms.

Conversion Shares means the shares of Common Stock or other equity securities issued or issuable upon conversion of the Acquired Shares.

Conversion Shares shall have the meaning ascribed to such term in the Certificate of Designation.

Conversion Shares means, collectively, the shares of Common Stock into which the shares of Preferred Stock are convertible in accordance with the terms hereof.

Conversion Shares means the shares of Common Stock issuable upon conversion of the Debentures (including, if relevant, accrued interest on the Debentures so converted).

Conversion Shares shall have the meaning ascribed to such term in the Debentures.