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

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.

• The Series B Conversion Shares shall, when issued and allotted, be duly authorised, validly issued and credited as fully paid-up, be fully transferable, and shall rank for any dividends, rights, allocations or other distributions, the record date for which is on or after the relevant conversion date in respect of the Series B Convertible Bonds and, subject as aforesaid, shall rank pari passu in all respects with the existing Shares.

• Before any holder of Series B Preferred shall be entitled to convert the same into the Series B Conversion Shares and to receive certificates therefor, he shall surrender the certificate or certificates therefor, duly endorsed, at the office of the Corporation or of any transfer agent for the Series B Preferred and shall give written notice to the Corporation at such office that he elects to convert the same.

• The issuance of the Series B Conversion Shares has been duly authorized and, when issued and delivered by the Company in accordance with the Series B Certificate of Designations, the Series B Conversion Shares will be validly issued, fully paid and non-assessable.

• At such time as the Corporation shall have a sufficient number of authorized shares of Common Stock (the "Conversion Right Date"), the shares of Series B Preferred shall be convertible, at the option of the holder thereof, into shares of Common Stock (the "Series B Conversion Shares") by dividing (i) the Aggregate Purchase Price by (ii) the Conversion Price then in effect.

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

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

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 the shares of Common Stock into which each share of Series B Preferred has been converted or is then convertible.

Series B Conversion Shares means shares of Series B Preferred Stock issued or issuable upon exercise of the Agent Warrant.

Series B Conversion Shares means any shares of Series B Preferred Stock and any shares issuable upon conversion thereof pursuant to the Company's Certificate of Incorporation.