Series A Conversion definition

Series A Conversion shall have the meaning set forth in Section 16.6.A(1).

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Series A Conversion means the conversion of all of the total issued and outstanding shares of Series A Preferred Stock into an amount of shares equal to 20% of the total issued and outstanding shares of Purchaser Common Stock.

Series A Conversion is defined in Section 5.12(b)(iii)(A).

Examples of Series A Conversion in a sentence

If the conversion of any Series A Preferred Units otherwise would result in the issuance of a fractional Common Unit, the General Partner shall pay a cash amount in lieu of issuing such fractional Common Unit in an amount equal to (a) such fractional interest multiplied by (b) the product of (x) the Value of a REIT Share used in determining the Series A Conversion Amount and (y) the Adjustment Factor used in determining the Series A Conversion Amount.
Upon a Qualifying Series A Party’s election to exercise the Series A Conversion Right, the Series A Preferred Units for which the Series A Conversion Right is exercised shall be converted into a number of Common Units equal to the Series A Conversion Amount.
Until such conversion on such Series A Conversion Date, the Series A Converting Party shall have no rights as a Limited Partner with respect to the Common Units issuable in connection with such conversion.
Notwithstanding anything to the contrary in this Agreement, the General Partner may, at its option, elect to pay on the applicable Series A Conversion Date all or any portion of any distributions accrued on the Series A Preferred Units tendered for conversion through the Series A Conversion Date, in which event the Series A Cash Amount used in determining the Series A Conversion Amount shall not include the amount of such distributions.
If such Holder was an Assignee prior to such Series A Conversion, then such Assignee shall thereafter be an Assignee in respect of such Common Units.
If such Holder was a Series A Limited Partner prior to such Series A Conversion, then such Series A Limited Partner shall thereafter be a Limited Partner in respect of such Common Units.

More Definitions of Series A Conversion

Series A Conversion has the meaning set forth in Section 4.4.

Series A Conversion. SHARES shall mean, at any time, (i) the issued and outstanding shares of Series A Preferred (for purposes of calculating the number of Series A Conversion Shares at any time, each such share shall be deemed to be that number of shares of Common Stock or other securities into which such share is then convertible), (ii) the shares of Common Stock issued upon conversion of the issued and outstanding shares of Series A Preferred owned by the Series A Shareholders, and (iii) any securities issued or issuable directly or indirectly in respect of the aforesaid shares of Common Stock or Series A Preferred, or both, in payment of a dividend or in connection with an Adjustment Event.

Series A Conversion has the meaning set forth in Section 5.01(h).“Shareholder Approval” means the approval of the requisite number of holders of each class of Parent’s capital stock.

Series A Conversion has the meaning set forth in the recitals to this Agreement.

Series A Conversion is defined in Section 5.16.