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 with respect to such Installment Date minus (ii) the amount of any Pre-Installment Conversion Shares delivered with respect to the related Installment Date; provided, that in the event that the amount of Pre-Installment Conversion Shares exceeds the Post-Installment Conversion Shares for such date, then the Installment Balance Conversion Shares shall equal zero (0).

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.

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 second (2nd) Trading Day immediately after the end of the 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.
On the Trading Day immediately after the end of the Company Conversion Measuring Period (the "Installment Settlement Date"), the Company shall, or shall direct the Transfer Agent to, deliver to the Holder's account with DTC a number of additional shares of Common Stock, if any, equal to the Installment Balance Conversion Shares.
This meant that some of these tenders had to be re-advertised in order to find appropriate service providers.
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.

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

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.

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).

Installment Balance Conversion Shares means, for any Installment Date, a number of shares of Common Stock, which may be positive or negative, equal to (i) the Post-Installment Conversion Shares with respect to such Installment Date minus (ii) the amount of any Pre-Installment Conversion Shares delivered with respect to the related Installment Date.

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 sum of (x) the amount of any Pre-Installment Conversion Shares delivered to such Holder in respect of the applicable Installment Date that is being paid pursuant to a Company Conversion on the applicable Installment Date and (y) the amount of any Pre-Installment Conversion Shares delivered to such Holder in respect of one or more prior Installment Date(s) in respect of a Deferral Amount being paid pursuant to a Company Conversion on 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 in no event shall any Installment Conversion Shares Excess reduce the number of Pre-Installment Conversion Shares payable to such Holder on any subsequent Company Installment Notice Date, if any.3 Insert the quotient obtained by dividing (i) the aggregate Stated Value of Series H Preferred Shares issued on the Closing Date by the Company pursuant to the Securities Purchase Agreement, by (ii) twenty four (24).4 Insert the quotient obtained by dividing (i) the aggregate Stated Value of Series H Preferred Shares issued on the Closing Date by the Company pursuant to the Securities Purchase Agreement, by (ii) thirty six (36).

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

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