Convertible Security definition
Examples of Convertible Security in a sentence
For purposes of this Section 7, if the terms of any Option or Convertible Security that was outstanding as of the date of first issuance of Convertible Bonds are increased or decreased in the manner described in the immediately preceding sentence, then such Option or Convertible Security and the Ordinary Shares deemed issuable upon exercise, conversion or exchange thereof shall be deemed to have been issued as of the date of such increase or decrease.
For purposes of this Clause 2.5.12(b)(ii), if the terms of any Option or Convertible Security that was outstanding as of the Initial Exercise Date are increased or decreased in the manner described in the immediately preceding sentence, then such Option or Convertible Security and the Shares deemed issuable upon exercise, conversion or exchange thereof shall be deemed to have been issued as of the date of such increase or decrease.