Optional Conversion Shares definition

Optional Conversion Shares means the number of shares of Common Stock equal to the quotient obtained by dividing (a) the Stated Value of each Preferred Share by (b) the Conversion Price as in effect on the relevant Conversion Date.
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Optional Conversion Shares means Conversion Shares that have resulted or may result from an Optional Conversion.
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Optional Conversion Shares has the meaning specified in Section 7.
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Examples of Optional Conversion Shares in a sentence

  • Based on the initial Cosmopolitan Optional CB Conversion Price, the Cosmopolitan Optional Convertible Bonds are convertible into a maximum of 1,250.0 million Cosmopolitan Optional Conversion Shares.

  • There are no restrictions on any subsequent dealings in the Cosmopolitan Conversion Shares and the Cosmopolitan Optional Conversion Shares.

  • Fractions of the Cosmopolitan Conversion Shares and the Cosmopolitan Optional Conversion Shares will not be issued on conversion and no cash adjustment will be made in respect thereof.

  • The Cosmopolitan Optional Convertible Bonds will be convertible into Cosmopolitan Optional Conversion Shares at the Cosmopolitan Optional CB Conversion Price (HK$0.40 per Cosmopolitan Optional Conversion Share) (subject to adjustment).

  • The number of Optional Conversion Shares that shall be issued to the Investors shall be determined by dividing the Note Balance by an amount equal to (a) the Valuation Cap, divided by (b) the total number of shares of the Company’s capital stock then outstanding on a fully-diluted basis (excluding shares issuable upon conversion of the Notes and any other convertible notes or other convertible securities) (the “Optional Conversion Price”).

  • The Optional Conversion Shares will be issued on the terms and provisions set forth in the most recent version of the Series Seed documents posted at www.seriesseed.com and shall have a liquidation preference per share equal to the Optional Conversion Price.

  • The Cosmopolitan Optional Convertible Bonds are convertible into Cosmopolitan Optional Conversion Shares at the Cosmopolitan Optional CB Conversion Price (HK$0.40 per Cosmopolitan Optional Conversion Share) (subject to adjustment).

  • Upon the exercises of the conversion rights of the Cosmopolitan Convertible Bonds and the Cosmopolitan Optional Convertible Bonds in full, approximately 1,428.6 million Cosmopolitan Conversion Shares and 1,250 million Cosmopolitan Optional Conversion Shares (assuming no change in the respective conversion price) will be issued respectively.

  • The Optional Conversion Shares will be issued on the terms and provisions set forthin the most recent version of the Series Seed documents posted at www.seriesseed.com and shall have a liquidation preference per share equal to the Optional Conversion Price.

  • Whenever the Optional Conversion Price is adjusted pursuant to any provision of this Section 9, the Company shall promptly mail to the Holder a notice setting forth the Optional Conversion Price after such adjustment and any resulting adjustment to the number of Optional Conversion Shares and setting forth a brief statement of the facts requiring such adjustment.


More Definitions of Optional Conversion Shares

Optional Conversion Shares shall have the meaning assigned to such term in Section 5(a).
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Optional Conversion Shares means Class B Shares issued by Dynegy upon the conversion of the Series C Preferred Stock effected at the option of the holder of Series C Preferred Stock pursuant to the Series C Statement. For the avoidance of doubt, unconverted shares of Series C Preferred Stock shall not be deemed Optional Conversion Shares.
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Related to Optional Conversion Shares

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

  • Optional Conversion means the conversion of any Convertible Preferred Stock other than a Mandatory Conversion.

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

  • Optional Conversion Date means, with respect to the Optional Conversion of any Convertible Preferred Stock, the first Business Day on which the requirements set forth in Section 10(d)(ii) for such conversion are satisfied.

  • Conversion Shares means, collectively, the shares of Common Stock issuable upon conversion of the shares of Preferred Stock in accordance with the terms hereof.

  • Conversion Stock means shares of Common Stock issued upon conversion of the Preferred Stock.

  • Company Convertible Notes means the convertible notes issued by the Company pursuant to the convertible note purchase agreement by and among the Company, PA Grand Opportunity Limited and other investors named therein dated June 6, 2016, as amended on June 13, 2016.

  • Series B Conversion Price means, as of the applicable Conversion Date, the greater of (A) the average of the Market Values of the Common Stock for the five consecutive Trading Days preceeding (but not including) such Conversion Date, or (B) the then effective Series B Minimum Conversion Price.

  • Company Conversion Price means, the lower of (i) the applicable Conversion Price and (ii) that price which shall be computed as 90% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the twenty (20) consecutive Trading Days immediately following the applicable Installment Date (each such period, a "Company Conversion Measuring Period"). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction that proportionately decreases or increases the Common Stock the applicable such Company Conversion Measuring Period.

  • Initial Conversion Price has the meaning specified in Section 13.01.

  • Series F Preferred Shares means the Series F Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Series C Preferred Shares means the Company’s series C preferred shares, par value US$0.00001 per share.

  • Early Preference Share Redemption Notice means a notice of early redemption of some or all of the Preference Shares given by or on behalf of the Company in accordance with Condition 6 (Notices).

  • Preferred Shares means shares of Series A Junior Participating Preferred Stock, par value $.01 per share, of the Company having the rights and preferences set forth in the Form of Certificate of Designations attached to this Agreement as Exhibit A.

  • Forced Conversion Notice Date shall have the meaning set forth in Section 6(d).

  • Series D Preferred Shares means the Company’s series D preferred shares, par value US$0.00001 per share.

  • 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.

  • Series A Preferred Shares means the Series A Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Series E Preferred Shares means the Series E Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Series B Preferred Shares means the Series B Preferred Shares of the Company, par value US$0.0001 per share.

  • Common Warrant Shares means the shares of Common Stock issuable upon exercise of the Common Warrants.

  • Mandatory Conversion Notice has the meaning set forth in Section 4.7.C hereof.

  • Warrant Share Delivery Date shall have the meaning set forth in Section 2(d)(i).

  • Series A Conversion Price shall initially be equal to $0.71. Such initial Series A Conversion Price, and the rate at which shares of Series A Preferred Stock may be converted into shares of Common Stock, shall be subject to adjustment as provided below.

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

  • New Conversion Price means the amount determined in accordance with the following formula, which shall apply from the QTE Effective Date: NCP = ECP * (VWAPAES / VWAPOS) where: