Interest Payment Shares definition

Interest Payment Shares means the shares of Common Stock and the related Preferred Share Purchase Rights issuable in payment of interest on this Note in accordance with Section 1.1.

Interest Payment Shares means the shares of Common Stock issuable in payment of interest on this Note in accordance with Section 2(a).

Interest Payment Shares has the meaning set forth in the recitals above.

Examples of Interest Payment Shares in a sentence

• No fractional Interest Payment Shares shall be issued; the Company shall, in lieu thereof, either issue a number of Interest Payment Shares which reflects a rounding up to the next whole number of shares or pay such amount in cash.

• The Interest Payment Shares shall be duly issued in the name of the Holder or its nominee.

• On or before the pertinent payment date, the Company shall issue, or cause the transfer agent for the Common Stock to prepare and issue, the Interest Payment Shares in the name of the Holder or its nominee before being so delivered by the Company on the payment date.

• Such Company Certificate shall be conclusive evidence of the correctness of the calculation of the number of Interest Payment Shares allocable to the payments to which such Company Certificate relates and of any adjustments to such number made pursuant to this Section 1.1 in the absence of manifest error.

• Not later than five (5) business days immediately prior to the first day of each calendar month during which any principal of this Debenture remains unpaid and outstanding, the Company shall notify the Holder in writing whether the Company intends, assuming satisfaction of the conditions set forth in subparagraph (b) above, to pay interest in Interest Payment Shares in lieu of cash on any Conversion Date occurring during that month or during such longer period as the Company may specify.

More Definitions of Interest Payment Shares

Interest Payment Shares means any shares of Common Stock issued or issuable pursuant to Section 2.7 and Exhibit 2.7.

Interest Payment Shares has the meaning set forth in subparagraph 5 below;

Interest Payment Shares means all shares of Common Stock issued as payment of interest on the Debenture (assuming all permissible interest payments are made in shares of Common Stock and the Debentures are held until maturity).

Interest Payment Shares means Common Shares issued pursuant to the In Specie Interest Payment Right.

Interest Payment Shares means the shares of GMO Stock or GGD Stock, as the case may be, issued by the Company in payment of interest on the Debentures in accordance with the terms thereof and (iv) "SECURITIES" shall mean, collectively, the GMO Debentures and, upon issuance, the GGD Debentures, the Conversion Shares and the Interest Payment Shares. The parties hereto agree as follows:

Interest Payment Shares means any shares of Series DF-1 Preferred Stock issued or issuable pursuant to Section 2.6 and Exhibit 2.6.

Interest Payment Shares means the shares of Common Stock issuable in payment of interest on this Note in accordance with Section 2(a). “Interest Period” means with respect to any outstanding principal of this Note,