Examples of Converted Common Shares in a sentence
Such registration statement shall initially register for resale at least 100% of the Common Shares, the Converted Common Shares and the Warrant Shares.
If a registration statement with respect to the Common Shares, the Converted Common Shares and the Warrant Shares is not effective on the Registration Deadline date, the Company agrees to and shall pay a cash penalty equal to two percent (2%) per month of the final amount of the completed offering under each Purchase Agreement, payable monthly and pro-rated for partial months until the registration statement is effective.
Such registration statement shall be kept current and effective for the greater of (i) a period of at least twelve (12) months from the Closing Date and (ii) a period of at least ninety (90) days after (x) all of the Class B Convertible Preferred Shares shall have been converted into Converted Common Shares or redeemed and (y) the Agent's Warrant and the Agent's Warrant shall have been fully exercised or expired.
Notwithstanding the foregoing, neither Columbia nor any other Person will be liable to any holder of Stewardship Converted Common Shares for any amount delivered to a public official pursuant to applicable abandoned property, escheat or other similar Laws.
Assuming the receipt of the NYSE Approval, no vote of stockholders will be needed for the issuance of the Convertible Preferred Stock or the ability of Purchaser to exercise the voting rights contained therein, except for the approval described in Section 3.1(b)(A) to issue the Converted Common Shares.
Each share of the Class B Preferred Shares is convertible into one share of the Company's Common Stock, par value $.001 per share (the "Converted Common Shares").
No other corporate proceedings are necessary for the execution and delivery by the Company of this Agreement, the performance by it of its obligations hereunder or the consummation by it of the transactions contemplated hereby, subject, in the case of the authorization of the Converted Common Shares, to receipt of the approval by the Company’s stockholders of the Stockholder Proposals.
The Corporation agrees to grant piggy-back registration rights on the Note Holder's Converted Common Shares issued in conjunction with, and exercisable upon, Continuum's exercise of its Call Option.
The Company will comply with all requirements of the NYSE with respect to the issuance of the Converted Common Shares and shall cause the Common Stock and Converted Common Shares to be listed on the NYSE.
Note Holder shall be allowed to substitute one cent par value common stock of the Corporation currently held by him for the Converted Common Shares called by Continuum pursuant to the Call Option granted in this Agreement.