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

  • Convertible Shares converted as provided herein shall become authorized but unissued Common Shares.

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

  • Common Shares issued on conversion of Convertible Shares shall be issued as fully paid shares and shall be nonassessable by the Company.

  • If, in the good faith judgment of the Board, full conversion of the Convertible Shares would jeopardize the Company’s status as a REIT, then only such number of Convertible Shares (or fraction thereof) shall be converted into Common Shares such that the Company’s REIT status is not jeopardized.

  • Common Shares issued on conversion of Convertible Shares shall be issued as fully paid Shares and shall be nonassessable by the Corporation.


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.