Examples of Convertible Security in a sentence
For purposes of this Section 3(b)(iii), if the terms of any Option or Convertible Security that was outstanding as of the Issue Date are increased or decreased in the manner described in the immediately preceding sentence, then such Option or Convertible Security and the Common Stock deemed issuable upon exercise, conversion or exchange thereof shall be deemed to have been issued as of the date of such increase or decrease.
The Parties acknowledge that, as at the Effective Time, all Target Convertible Securities will be exchanged for Shellco Convertible Securities on substantially the same terms as such Target Convertible Securities, exercisable into such number of Shellco Shares as the holder of such Target Convertible Security would have been entitled pursuant thereto if such Target Convertible Security had been exercised prior to the Effective Time.