RMG Common Stock definition
Examples of RMG Common Stock in a sentence
The number of shares of USEG Common Stock or RMG Common Stock, as the case may be, that Payee shall be entitled to receive upon conversion shall be equal to the number attained by dividing the principal amount of the Note being converted by the Conversion Price.
If the Lender elects to convert any part of the Note into RMG Common Stock, the Lender shall refund back to USEG the three points paid to Geddes & Company at closing on a prorata basis (i.e., if one million dollars out of the three million dollar loan is converted, only one-third of the three points is to refunded back to USEG).
The number of shares of RMG Common Stock that Payee shall be entitled to receive upon conversion shall be equal to the number attained by dividing the principal amount of the Note being converted by the Conversion Price.
The term "Conversion Price" shall mean $2.25 with respect to any amount of this Note converted into USEG Common Stock and $1.50 with respect to any amount of this Note converted into RMG Common Stock.
The number of shares of USEG Common Stock or RMG Common Stock, as the case may be, that Payee shall be entitled to receive upon conversion shall be equal to the number attained by dividing the amount of the Note being converted by the Conversion Price.
Each share of RMG Common Stock that is owned by RMG as treasury stock immediately prior to the Effective Time shall automatically be cancelled and retired and shall cease to exist and no payment shall be made or consideration delivered in exchange therefor.
As promptly as practicable after receipt of the notice, Maker shall issue and shall deliver to Payee a certificate or certificates for the number of full shares of RMG Common Stock issuable upon the conversion of this Note or portion thereof registered in the name of Payee in accordance with the provisions of this Section 5.
Borrower agrees to have issued in Lender's name or its designee, warrants to purchase RMG Common Stock in accordance with the Warrant Agreement.
At the Effective Time, each option or other Equity Right to purchase or receive shares of RMG Common Stock (“RMG Options”) granted by RMG which are outstanding at the Effective Time shall be converted into and exchanged for an option or other Equity Right to purchase or receive an equal number of shares of Holding Company Common Stock.
Borrower agrees to have issued in Lender’s name or its designee, warrants to purchase RMG Common Stock in accordance with the Warrant Agreement.