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.

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

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

Examples of Conversion Shares in a sentence

• The Person or Persons entitled to receive the shares of Common Stock issuable upon a conversion of this Note shall be treated for all purposes as the record holder or holders of such shares of Common Stock on the applicable Conversion Date, irrespective of the date such Conversion Shares are credited to the Holder’s account with DTC or the date of delivery of the certificates evidencing such Conversion Shares, as the case may be.

• From and after the date the Issuance Date, the Company shall reserve a number of authorized and otherwise unreserved shares of Common Stock to satisfy its obligation to issue shares of Common Stock pursuant to the terms of this Note and the Other Notes equal to the maximum number of Conversion Shares issuable pursuant to the terms of the Notes (without regard to any limitation in Section 3(d) on the conversion of this Note) (the “Required Reserve Amount”).

• The Company shall cause such Registration Statement to become effective within one hundred five (105) days following the date hereof (the “Effectiveness Deadline”) and to keep such Registration Statement effective at all times until no Buyer owns any Notes or Conversion Shares issuable upon conversion thereof.

• As of the close of business on April 15, 2011, at least a number of shares of Common Stock, Series A Preferred Stock and Warrants equal to the number of Investor Shares, Conversion Shares and Warrant Shares were available for issuance pursuant to the Registration Statement, which permits the issuance of the Investor Shares, the Conversion Shares and the Warrant Shares in the manner contemplated by this Agreement.

• The Company understands and acknowledges that the number of Conversion Shares will increase in certain circumstances.

More Definitions of Conversion Shares

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

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 Common Stock issued or issuable upon conversion of the Shares.

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

Conversion Shares means, collectively, the shares of Common Stock issued or issuable upon conversion or redemption of this Note in accordance with the terms hereof, including without limitation shares of Common Stock issued or issuable as interest hereunder or as damages under the Transaction Documents.

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

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