Interest Shares definition

Interest Shares means the shares of Common Stock and the related Preferred Share Purchase Rights issuable in payment of interest on the Note.

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Interest Shares means shares of Common Stock issuable in lieu of cash interest on the Notes.

Interest Shares has the meaning specified in Section 3.1(b).

Examples of Interest Shares in a sentence

The Company understands and acknowledges that the number of Conversion Shares, Interest Shares and Warrant Shares will increase in certain circumstances.
Until the date on which the Investor shall have sold all of the Conversion Shares and Interest Shares (the “Reporting Period”), the Company shall timely file all reports required to be filed with the SEC pursuant to the 1934 Act, and the Company shall not terminate its status as an issuer required to file reports under the 1934 Act even if the 1934 Act or the rules and regulations thereunder would no longer require or otherwise permit such termination.
In the event that such sale, assignment or transfer involves Conversion Shares, Interest Shares or Warrant Shares sold, assigned or transferred pursuant to an effective registration statement or pursuant to Rule 144, the transfer agent shall issue such Securities to the Buyer, assignee or transferee, as the case may be, without any restrictive legend.
Interest shall be paid by the Company in Common Stock ("Interest Shares").
Holder may, at any time after six months, send in a Notice of Conversion to the Company for Interest Shares based on the formula provided in Section 3(a) above.

More Definitions of Interest Shares

Interest Shares means the shares of Common Stock to be received by the holders of the Debentures as interest in accordance with the terms of the Debentures and this Agreement.

Interest Shares. (as defined in the Debentures) without restrictive legend in the name of the Buyer (or its nominee) and in such denominations to be specified at conversion representing the number of shares of Common Stock issuable upon such conversion, as applicable. The Common Stock shall be immediately freely transferable on the books and records of Seller. Seller shall also instruct its attorney to issue and render any legal opinion which is required at any time by Seller's transfer agent to permit Seller's transfer agent to issue any and all Stock Certificates without a restrictive legend as required by this Agreement.

Interest Shares means, collectively, the shares of Common Stock issuable upon conversion of the accrued and unpaid interest amount under this Debenture, in accordance with the terms hereof.

Interest Shares shall have the meaning set forth in Section 2.03(c).

Interest Shares means any Conversion Shares issued or issuable, at the election of any Note holder, in lieu of interest accrued on any Note at the time of conversion.

Interest Shares is defined in Section 9.

Interest Shares means, for any Interest Date, that number of shares of Common Stock equal to the applicable amount of Interest to be paid in Interest Shares for such Interest Date divided by the Company Interest Conversion Price, rounded up to the nearest whole share of Common Stock.