Total Number of Conversion Shares definition

Total Number of Conversion Shares means, as of the time of determination thereof, and subject to increase pursuant to Section D.2(a)(viii) of this Article Fourth, the aggregate number of Class P Shares that may be issued upon conversion in full of all shares of a particular Series that are outstanding as of such date. The Total Number of Conversion Shares for each Series initially shall be the number set forth below and shall be reduced by the cumulative number of Class P Shares that are issued upon conversion of any shares of such Series in accordance with the provisions of Section D of this Article Fourth:
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Total Number of Conversion Shares means the quotient obtained by dividing (i) the amount of then-outstanding principal (but none of the accrued interest) under this Note, by (ii) the Discounted Purchase Price.
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Total Number of Conversion Shares is equal to the quotient obtained by dividing (A) the Outstanding Balance by (B) the Series B Price, rounded down to the nearest whole share.
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Examples of Total Number of Conversion Shares in a sentence

  • Such notice shall also set forth the facts with respect thereto as shall be reasonably necessary to indicate the effect on the Total Number of Conversion Shares in respect of each applicable Series.

  • In addition, promptly following the time as of which the Total Number of Conversion Shares is adjusted as provided in this Section F.1 of this Article Fourth, the Company shall provide written notice thereof to the Transfer Agent and all holders of shares of each applicable Series, which notice shall show in reasonable detail the facts requiring such adjustment and the Total Number of Conversion Shares in respect of each applicable Series after such adjustment.

  • For the avoidance of doubt, in no event shall the aggregate number of shares of a Series convert into a number of Class P Shares greater than the Total Number of Conversion Shares remaining for such Series as of (1) the Final Conversion Date, in the case of a Mandatory Conversion Date (other than a Change of Control Mandatory Acceleration Date) or (2) immediately prior to the consummation of the Change of Control, in the case of a Change of Control Mandatory Acceleration Date.


More Definitions of Total Number of Conversion Shares

Total Number of Conversion Shares means, as of the time of determination thereof, and subject to increase pursuant to Section D.2(a)(viii) of this Article Fourth, the aggregate number of Class P Shares that may be issued upon conversion in full of all shares of a particular Series that are outstanding as of such date. The Total Number of Conversion Shares for each Series initially shall be the number set forth below and shall be reduced by the cumulative number of Class P Shares that are issued upon conversion of any shares of such Series in accordance with the provisions of Section D of this Article Fourth: Series A-1, B-1, C-1 shares Series A-2, B-2, C-2 shares Series A-3, B-3, C-3 shares Series A-4, B-4, C-4 shares Series A-5, B-5, C-5 shares Series A-6, B-6, C-6 shares Series A-7, B-7, C-7 shares Series A-8, B-8, C-8 shares Series A-9, B-9, C-9 shares
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Related to Total Number of Conversion Shares

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

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

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

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

  • Common Warrant Shares means the shares of Common Stock issuable upon exercise of the Common Warrants.

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

  • Pre-Funded Warrant Shares means the shares of Common Stock issuable upon exercise of the Pre-Funded Warrants.

  • 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.

  • Date of Conversion Conversion Price:_______________________________________________________________

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

  • Prefunded Warrant Shares means the shares of Common Stock issuable upon exercise of the Prefunded Warrants.

  • 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.

  • Daily Share Amount means, with respect to any VWAP Trading Day, the quotient obtained by dividing (A) the excess, if any, of the Daily Conversion Value for such VWAP Trading Day over the applicable Daily Maximum Cash Amount by (B) the Daily VWAP for such VWAP Trading Day. For the avoidance of doubt, the Daily Share Amount will be zero for such VWAP Trading Day if such Daily Conversion Value does not exceed such Daily Maximum Cash Amount.

  • Applicable Conversion Price means the Conversion Price in effect at any given time.

  • 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:

  • 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.

  • Per Share Amount has the meaning set forth in Section 3.01(c).

  • Warrant Share Delivery Date shall have the meaning set forth in Section 2(d)(i).

  • Maximum Share Amount shall have the meaning set forth in Section 2.01(c).

  • 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.

  • Conversion Shares Registration Statement means a registration statement that registers the resale of all Conversion Shares of the Holders, who shall be named as “selling stockholders” therein and meets the requirements of the Registration Rights Agreement.

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

  • Conversion Value means, with respect to Convertible Capital Appreciation Bonds, the Accreted Value as of the Conversion Date.

  • Number of Option Shares means shares of Stock, as adjusted from time to time pursuant to Section 9.

  • Number of Warrants means, for a Warrant Certificate, the “Number of Warrants” specified on the face of such Warrant Certificate (or, in the case of a Global Warrant, on Schedule A to such Warrant Certificate), subject to adjustment pursuant to Article 5.

  • Daily Conversion Value means, for each of the 40 consecutive Trading Days during the relevant Observation Period, 2.5% of the product of (a) the Conversion Rate on such Trading Day and (b) the Daily VWAP on such Trading Day.