Series B Conversion Shares definition

Series B Conversion Shares means the Registrable Shares that are (i) shares of Common Stock issued or issuable upon the conversion of Series B Preferred Stock, (ii) shares of Common Stock issued on or with respect to the shares of Common Stock referred to in clause (i) above or (iii) shares of Common Stock issued on or with respect to the Series B Preferred Stock.

Series B Conversion Shares means Series B Preferred Shares then outstanding on a fully diluted, as-converted basis.

Series B Conversion Shares means the shares of Common Stock issuable, upon certain conditions, by the Company to the Purchaser in respect of the Series B Preferred Stock.

Examples of Series B Conversion Shares in a sentence

• The Company agrees to take all actions, including, without limitation, the issuance by its legal counsel of any necessary legal opinions, necessary to issue the Amended and Restated Conversion Shares and the Series B Conversion Shares that are freely tradable on an Eligible Market without restriction and not containing any restrictive legend without the need for any action by the Investor.

• At the time of the Closing, the sale and issuance of the Securities, the GE Warrants, the Series C Preferred Stock, the Series B Conversion Shares, the Series C Conversion Shares, the Series D Preferred Stock, the Series D Conversion Shares, the Warrant Shares and the GE Warrant Shares shall be legally permitted by all laws and regulations to which the Company and the Purchaser are subject.

• The term “Qualified Buyer” shall mean a purchaser of the Shares or Series B Conversion Shares from an Investor in compliance with this Agreement and the Right of First Refusal and Co-Sale Rights Agreement.

• Upon conversion in accordance with the terms of the Series B Certificate of Designations, the Series B Conversion Shares, when issued, will be validly issued, fully paid and non-assessable and free from all preemptive or similar rights, taxes, liens, charges and other encumbrances with respect to the issue thereof, with the holders being entitled to all rights accorded to a holder of Common Stock.

• Fidelity hereby waives any rights of first refusal under Section 7 of the 1993 Purchase Agreement with respect to the sale of the Shares and the Series B Conversion Shares and the Warrant Shares.

More Definitions of Series B Conversion Shares

Series B Conversion Shares means that number of shares of Common Stock as would equal four percent (4.0%) of the Fully Diluted Common Stock at any specified time.

Series B Conversion Shares means a number of shares Company Common Stock equal to:

Series B Conversion Shares means the shares of Common Stock issuable, upon certain conditions, by the Company to Carlyle in respect of the Series B Preferred Stock.

Series B Conversion Shares means the Registrable Shares that are (i) shares of Common Stock issued or issuable upon the conversion of Series B Preferred Stock, (ii) shares of Common Stock issued on or with respect to the shares of Common Stock referred to in CLAUSE (i) above or (iii) shares of Common Stock issued on or with respect to the Series B Preferred Stock.

Series B Conversion Shares means those shares of Common Stock issued upon conversion of the Series B Preferred.

Series B Conversion Shares means the Common Stock issuable upon the due conversion of the Series B Preferred Shares

Series B Conversion Shares means the total number of shares of Target Common Stock into which all shares of Target Series B Preferred Stock outstanding immediately prior to the Effective Time are convertible.