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 Shares Currently Issued means the total number of ordinary shares on issue in the BNZ Party immediately prior to the Share Issue; and Equity Value means, as at the Trigger Event Conversion Date, the amount (expressed in the same currency as the Debt Amount) that the BNZ Party has determined to be the value of its Shares Currently Issued having regard to: (i) the net assets of the BNZ Party in the most recent financial statements of the BNZ Party; and (ii) such other information as the BNZ Party (acting reasonably) considers appropriate and that will not delay or impede the relevant Share Issue by the BNZ Party on the Trigger Event Conversion Date.
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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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Examples of Share Conversion Number in a sentence

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More Definitions of Share Conversion Number

Share Conversion Number has the meaning given in Section 2.2.2(a).
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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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Related to Share Conversion Number

  • 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 90% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the twenty (20) consecutive Trading Days immediately following the applicable Installment Date (each such period, a "Company Conversion Measuring Period"). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction that proportionately decreases or increases the Common Stock the applicable such Company Conversion Measuring Period.

  • 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, (b) accrued but unpaid dividends and (c) 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).

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

  • 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 has the meaning set forth in Section 4.7.C hereof.

  • Automatic Conversion means the irrevocable and automatic release of all of the Company’s obligations under the Securities (other than the CSO Obligations, if any) in consideration of the Company’s issuance of the Conversion Shares at the Conversion Price to the Conversion Shares Depository (on behalf of the Holders and Beneficial Owners of the Securities) or to the relevant recipient of such Conversion Shares, all in accordance with the terms of the Securities.

  • 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 20130129–5128. Comments Due: 5 p.m. ET 2/19/13. Docket Numbers: ER13–739–000; ER13–739–001.

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

  • Fixed Conversion Price shall have the meaning set forth in Section 4(b).

  • Conversion Shares means, collectively, the shares of Common Stock issuable upon conversion of the shares of Preferred Stock in accordance with the terms hereof.

  • Stock Split means any kind of stock split in relation to the Shares, including a free share distribution to the holders of Shares, a stock dividend or a sub-division of Shares;