Series C Conversion Shares definition

Series C Conversion Shares means the shares of Common Stock that may be issued upon the conversion of the Series C Preferred Stock as provided for in the Series C Certificate of Designation.

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

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

Examples of Series C Conversion Shares in a sentence

• 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 offer and sale of the Series C Purchased Shares under this Agreement, and the issuance of the Series C Conversion Shares upon conversion thereof are or shall be exempt from the registration requirements and prospectus delivery requirements of the Act, and from the registration or qualification requirements of any other applicable securities laws and regulations.

• As of the closing of the Offering, the Company’s issued and outstanding Equity Securities shall consist solely of (i) 51 Preferred Series A shares, (ii) Common Shares issued as of the date of the closing of the Offering (and taken into account in determining the Cancellation Shares), (iii) the Cancellation Shares, (iv) the Series C Conversion Shares, (v) the Options, (vi) the Offering Shares and (vii) the Offering Warrants.

• The Series C Purchased Shares and the Series C Conversion Shares will be acquired for each Series C Purchaser’s own account, not as a nominee or agent, and not with a view to or in connection with the sale or distribution of any part thereof.

• In the event the Lender receives net proceeds from the sale of Series C Conversion Shares or Common Stock equal to the Advisory Fee, and the Lender still has Advisory Fee Shares, Series C Conversion Shares, or other Common Stock issued under this Section 2.5(f) (the “Advisory Common Stock”) remaining to be sold, the Lender shall return all such remaining shares to the Borrower.

More Definitions of Series C Conversion Shares

Series C Conversion Shares means the Common Shares issued to holders of Preferred Series C at the closing of the Offering. Unless the context of this Agreement clearly requires otherwise, references to the plural include the singular, references to the singular include the plural, the term “including” is not limiting, and the term “or” has, except where otherwise indicated, the inclusive meaning represented by the phrase “and/or.”

Series C Conversion Shares means the Ordinary Shares issued upon the conversion of the Series C Preferred Shares.

Series C Conversion Shares means the shares of Common Stock into which each share of Series C Preferred has been converted or is convertible.

Series C Conversion Shares specified in the conversion notice for the Series C Preferred Shares (the “Series C Conversion Notice”), (iii) convert all outstanding Series E Preferred Shares, plus any accrued and unpaid dividends thereon, in accordance with the provisions of the Series E Certificate of Designations (the “Series E Conversion”) into the number of shares of Common Stock (the “Series E Conversion Shares”) specified in the conversion notice for the Series E Preferred Shares (the “Series E Conversion Notice”) and (iv) convert all of the Series G Preferred Shares, plus any accrued and unpaid dividends thereon, in accordance with the provisions of the Series G Certificate of Designations (the “Series G Conversion” and, collectively with the Series B Conversion, the Series C Conversion and the Series E Conversion, the “Preferred Share Conversion”) into the number of shares of Common Stock (the “Series G Conversion Shares” and, collectively with the Series B Conversion Shares, the Series C Conversion Shares and the Series E Conversion Shares, the “Conversion Shares”; the Conversion Shares and the Additional Shares are referred to collectively herein as the “Exchange Shares”) specified in the conversion notice for the Series G Preferred Shares (the “Series G Conversion Notice” and, collectively with the Series B Conversion Notice, the Series C Conversion Notice and the Series E Conversion Notice, the “Conversion Notices”); and

Series C Conversion Shares shall have the meaning ascribed to the term “Conversion Shares” in the Series C Certificate of Designation.

Series C Conversion Shares shall include all shares of Common Stock issuable upon conversion of the Series C Preferred Stock in accordance with the Series C Certificate of Designation and (z) the term “Conversion Shares” shall include all Series B Conversion Shares and Series C Conversion Shares.

Series C Conversion Shares shall be amended in its entirety and, from and after the date hereof, shall mean any shares of Common Stock issued or issuable upon conversion of the Series C Preferred Stock or the shares of Series C Preferred Stock issuable upon exercise of the Warrants or SVB Warrants.