Share Conversion Number definition

Share Conversion Number means the number of shares of Common Stock equal to the quotient of (A) the aggregate Liquidation Preference of the shares of Series A-1 Preferred Stock purchased by the Holder pursuant to the Securities Purchase Agreement divided by the Conversion Price.
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Share Conversion Number means, in relation to a BNZ Party (other than NAB), a number calculated in accordance with the following formula: Share Conversion Number = Where: Shares Currently Issued x Debt Amount Equity Value
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Share Conversion Number has the meaning given in Section 2.2.2(a).
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Examples of Share Conversion Number in a sentence

  • Share Conversion Number" shall be the number obtained by dividing the Number of SNCI shares by the Number of Outstanding Shares.

  • Thus, the definitions of the Cash Conversion Number, the Number of TSI Shares, and the Share Conversion Number shall all be appropriately adjusted.

  • Except as provided herein with respect to fractional shares, at the Effective Time of the Merger, each share of Company Common Stock which is issued and outstanding shall be converted into a number of shares of the common stock of SNCI, $.0001 par value ("SNCI Common Stock"), equal to the Share Conversion Number.

  • The Common Share Conversion Number shall initially be 50,000,000, and shall be subject to adjustment as set forth in this Section.

  • For each of their SLS Base Shares, the shareholders of SLS who are not Dissenting Shareholders will receive a number of shares of Acquirer Common Stock equal to the quotient calculated by dividing (i) the SLS Aggregate Merger Consideration Shares by (ii) the number of SLS Base Shares (the "SLS Per Share Conversion Number").

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  • Accordingly, for each VRS Base Share that is not a VRS Dissenting Share, the holder thereof will receive a number of shares of Acquirer Common Stock equal to the quotient calculated by dividing (i) the Aggregate VRS Conversion Number by (ii) the number of VRS Base Shares minus the VRS Dissenting Shares (the "VRS Per Share Conversion Number").

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  • Available at: https://scholarship.law.unc.edu/ncilj/vol28/iss3/1 This Article is brought to you for free and open access by Carolina Law Scholarship Repository.


More Definitions of Share Conversion Number

Share Conversion Number shall be the number (as it may be adjusted pursuant to Section 1.6 hereof) obtained by dividing the Number of TSI Shares by the Number of Outstanding Shares.
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Share Conversion Number shall be the number obtained by dividing the Number of SNCI shares by the Number of Outstanding Shares.
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Related to Share Conversion Number

  • Stock Conversion Number shall have the meaning set forth in Section 3.2.1.

  • Conversion Number means the number, or formula for determining the number, of ordinary Shares into which a Converting Preference Share will convert upon conversion.

  • Stock Election Number shall have the meaning set forth in Section 3.2.1.

  • Registration number means the number allocated to the registered person for the purpose of this Act;

  • Company Conversion Price means, the lower of (i) the applicable Conversion Price and (ii) that price which shall be computed as ninety five percent (95%) of the lowest Volume Weighted Average Price of the Common Stock during the fifteen (15) consecutive Trading Days immediately preceding the applicable Installment Date. All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction.

  • Interest Conversion Shares shall have the meaning set forth in Section 2(a).

  • Forced Conversion Amount means the sum of (a) 100% of the aggregate Stated Value then outstanding and (b) all liquidated damages and other amounts due in respect of the Preferred Stock.

  • Series B Conversion Price means, as of the applicable Conversion Date, the greater of (A) the average of the Market Values of the Common Stock for the five consecutive Trading Days preceeding (but not including) such Conversion Date, or (B) the then effective Series B Minimum Conversion Price.

  • Fully Diluted Share Number means the aggregate sum of: (i) the number of shares of Company Common Stock issued and outstanding immediately prior to the Effective Time; (ii) the number of shares of Company Common Stock issuable upon the voluntary conversion of all of the shares of Company Preferred Stock issued and outstanding immediately prior to the Effective Time into Company Common Stock and (iii) the number of shares of Company Common Stock issuable upon exercise of all Stock Options.

  • New Conversion Price means the amount determined in accordance with the following formula, which shall apply from the QTE Effective Date: NCP = ECP * (VWAPAES / VWAPOS) where:

  • Conversion Share means any share of Common Stock issued or issuable upon conversion of any Note.

  • Conversion Amount means the sum of the Stated Value at issue.

  • Conversion Consideration shall have the meaning specified in Section 14.12(a).

  • Interest Share Amount shall have the meaning set forth in Section 2(a).

  • Company Stock Certificate has the meaning set forth in Section 1.7.

  • Conversion Stock means shares of Common Stock issued upon conversion of the Preferred Stock.

  • Series B-2 Preferred Shares means the Company’s series B-2 preferred shares, par value US$0.00001 per share.

  • Common Stock Consideration has the meaning set forth in Section 1.6(b).

  • Warrant Share Number means at any time the aggregate number of shares of Warrant Stock which may at such time be purchased upon exercise of this Warrant, after giving effect to all prior adjustments and increases to such number made or required to be made under the terms hereof.

  • Company Convertible Notes means the convertible notes issued by the Company pursuant to the convertible note purchase agreement by and among the Company, PA Grand Opportunity Limited and other investors named therein dated June 6, 2016, as amended on June 13, 2016.

  • Initial Conversion Price has the meaning specified in Section 13.01.

  • Mandatory Conversion Notice shall have the meaning ascribed to it in Section 4.01(b)(ii) hereof.

  • Mandatory Conversion shall have the meaning set forth in Section 6.

  • Conversion Plan shall have the meaning given to such term in Section 2.05 of this Agreement.

  • Accession Number 20121026–5118. Comments Due: 5 p.m. e.t. 11/16/12. Docket Numbers: ER13–212–000.

  • Series B-2 Preferred Stock means shares of the Company’s Series B-2 Preferred Stock, par value $0.001 per share.