Installment Balance Conversion Shares definition

Installment Balance Conversion Shares means, for any Installment Date, a number of shares of Common Stock equal to (i) the Post-Installment Conversion Shares for such date minus (ii) the amount of any Pre-Installment Conversion Shares delivered on such date; provided that in the event that the amount of Pre-Installment Conversion Shares exceeds the Post-Installment Conversion Shares for such date (such excess, the "Installment Conversion Shares Excess"), the outstanding Principal under this Note shall be reduced by the product of (x) the Installment Conversion Share Excess and (y) the Company Conversion Price and the Installment Balance Conversion Shares shall equal zero (0).
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Installment Balance Conversion Shares means, for any Installment Date, a number of shares of Common Stock equal to (i) the Post-Installment Conversion Shares for such date minus (ii) the amount of any Pre-Installment Conversion Shares delivered on the Trading Day immediately prior to such date; provided that in the event that the amount of Pre-Installment Conversion Shares exceeds the Post-Installment Conversion Shares for such date the Installment Balance Conversion Shares shall equal zero (0).
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Installment Balance Conversion Shares means, for any Installment Date, a number of shares of Common Stock equal to (i) the Post-Installment Conversion Shares for such date minus (ii) the amount of any Pre-Installment Conversion Shares delivered in respect of the applicable Installment Date; provided, that in the event that the amount of Pre-Installment Conversion Shares exceeds the Post-Installment Conversion Shares for such date (such excess, the “Installment Conversion Shares Excess”), the Installment Balance Conversion Shares shall equal zero (0) for such date.
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Examples of Installment Balance Conversion Shares in a sentence

  • All Pre-Installment Conversion Shares and Installment Balance Conversion Shares shall be fully paid and nonassessable shares of Common Stock (rounded to the nearest whole share).

  • On the third (3rd) Trading Day immediately after the end of the Company Conversion Measuring Period (the "Installment Settlement Date"), the Company shall direct Vasogen to, and upon such direction Vasogen shall or shall cause the Transfer Agent to, deliver to the Holder's account with DTC a number of additional Conversion Shares, if any, equal to the Installment Balance Conversion Shares.

  • On the second (2nd) Trading Day immediately after the end of the applicable Measuring Period, the Company shall deliver a notice setting forth the calculation of the Installment Balance Conversion Shares (and the calculation of the component parts of such calculation) to the Holders.


More Definitions of Installment Balance Conversion Shares

Installment Balance Conversion Shares means, for any Installment Date, a number of shares of Common Stock equal to (i) the Post-Installment Conversion Shares for such date minus (ii) the amount of any Pre-Installment Conversion Shares delivered in respect of the applicable Installment Date; provided, that in the event that the amount of Pre-Installment Conversion Shares exceeds the amount of Post-Installment Conversion Shares for such Installment Date (such excess, the "Installment Conversion Shares Excess"), the applicable Installment Balance Conversion Shares shall equal zero (0) for such Installment Date and any Installment Conversion Shares Excess shall reduce the number of Pre- Installment Conversion Shares payable on the immediately following Company Installment Notice Date or Additional Pre-Installment Conversion Shares Date, if any, on a share for share basis.
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Installment Balance Conversion Shares means, for any Installment Date, a number of shares of Common Stock equal to (i) the Post-Installment Conversion Shares for such date minus (ii) the amount of any Pre-Installment Conversion Shares delivered in respect of the applicable Installment Date. In the event that the amount of Pre-Installment Conversion Shares exceeds the Post-Installment Conversion Shares for such date (such excess, as adjusted for any stock dividend, stock split, stock combination, reclassification or similar transaction occurring after the delivery thereof to such Holder, the “Installment Conversion Shares Excess”), the Installment Balance Conversion Shares shall equal zero (0) for such date and the number of Pre-Installment Conversion Shares payable on the next Installment Pre-Payment Date shall be reduced by such Installment Conversion Shares Excess; provided that in connection with the final Installment Date, the Installment Balance Conversion Shares shall equal the actual number (whether positive or negative) obtained through the application of the formula above in this clause (z) and, if a negative number, then each Holder shall, at its sole option, either (I) forfeit the applicable number of shares of Common Stock underlying the applicable Installment Conversion Shares Excess to the Company on the Maturity Date or (II) pay to the Company cash by wire transfer of immediately available funds pursuant to the Company’s written wire instruction in an amount equal to the product obtained by multiplying the applicable Installment Conversion Shares Excess and the applicable Company Installment Conversion Price with respect to the last Installment Date hereunder.
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Installment Balance Conversion Shares means, for any Installment Date, a number of Common Shares equal to (i) the Post-Installment Conversion Shares for such date minus (ii) the amount of any Pre-Installment Conversion Shares delivered on such date; provided that in the event that the amount of Pre-Installment Conversion Shares exceeds the Post-Installment Conversion Shares for such date (such excess, the "Installment Conversion Shares Excess"), the outstanding Principal under this Note shall be reduced by the product of (x) the Installment Conversion Share Excess and (y) the Company Conversion Price and the Installment Balance Conversion Shares shall equal zero (0).
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Installment Balance Conversion Shares means, for any given Holder on any Installment Date, a number of shares of Common Stock equal to (i) the Post-Installment Conversion Shares of such Holder for such date minus (ii) the amount of any Pre-Installment Conversion Shares delivered to such Holder in respect of the applicable Installment Date; provided, that in the event that such amount of Pre-Installment Conversion Shares exceeds such Post-Installment Conversion Shares for such date (such excess, the “Installment Conversion Shares Excess”), such Installment Balance Conversion Shares shall equal zero (0) for such date.
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Related to Installment Balance Conversion Shares

  • Interest Conversion Shares shall have the meaning set forth in Section 2(a).

  • Conversion Amount means the sum of the Stated Value at issue.

  • Forced Conversion Amount means the sum of (a) 100% of the aggregate Stated Value then outstanding, (b) accrued but unpaid dividends and (c) all liquidated damages and other amounts due in respect of the Preferred Stock.

  • Conversion Share means any share of Common Stock issued or issuable upon conversion of any Note.

  • Company Conversion Price means, the lower of (i) the applicable Conversion Price and (ii) that price which shall be computed as ninety five percent (95%) of the lowest Volume Weighted Average Price of the Common Stock during the fifteen (15) consecutive Trading Days immediately preceding the applicable Installment Date. All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction.