Convertible Shares definition

Convertible Shares means shares which are convertible into ordinary shares in the same body corporate; 30
Convertible Shares means shares which are convertible into shares of another class in the same body corporate;

Examples of Convertible Shares in a sentence

  • The holders of any outstanding Convertible Shares shall not be entitled to receive dividends or other Distributions on the Convertible Shares.

  • The Board may authorize the issuance of Preferred Shares or Convertible Shares without certificates.

  • For purposes of Section 5.10 hereof, the holder of the Convertible Shares shall have an Excepted Holder Limit (as such term is defined in Section 5.10) of a 20% interest (in value or number of as-converted shares, whichever is more restrictive) of the aggregate of the outstanding Common Shares of the Company, subject to adjustment pursuant to Section 5.10(ii)(g), including any adjustment approved by the Board.

  • The cash payment conferred by this Section 5.2(d) to the holders of the Series B Convertible Shares will be made only to the extent the Series B Convertible Preferred Shares have not been previously converted.

  • The holders of the outstanding Convertible Shares shall not be entitled to receive dividends or other distributions on the Convertible Shares.


More Definitions of Convertible Shares

Convertible Shares shall have the meaning given to such term in the Company's Articles of Association. "Exchange Act" mans the United States Securities Exchange Act of 1934, as amended from time to time.
Convertible Shares has the meaning set forth in the recitals.
Convertible Shares means Equity Securities which are convertible into any class of share capital of the Corporation only;
Convertible Shares means any stock or securities (other than Options) convertible into or exercisable or exchangeable for Common Stock.
Convertible Shares means such number of shares of Common Stock an Equity Holder would own if it exercised any outstanding option or warrant or converted any outstanding conversion right into Common Stock of the Company.