Conversion Securities definition

Conversion Securities has the meaning set forth in Section 4.08(b).

Conversion Securities means the shares of Common Stock issuable upon conversion of this Note in accordance with Sections 5.1 and 5.2(d).

Conversion Securities means this Instrument or any Conversion Shares issuable upon exercise of the conversion rights under this Instrument, in whole or in part.

Examples of Conversion Securities in a sentence

• Each Note will be convertible into Conversion Securities pursuant to this Section 4.

• Assuming the accuracy of the representations and warranties of the Purchaser contained in Section 6 below, the offer, issue, and sale of the Notes and the Conversion Securities are and will be exempt from the registration and prospectus delivery requirements of the Securities Act and have been registered or qualified (or are exempt from registration and qualification) under the registration, permit or qualification requirements of all applicable U.S. state securities laws.

• The Company will not be required to issue or deliver the Conversion Securities until the holder of such Note has surrendered the Note to the Company (or provided an instrument of cancellation or affidavit of loss).

• The number of Conversion Securities the Company (or the Public Issuer) issues upon such conversion will equal the quotient (rounded up to the nearest whole share) obtained by dividing (x) the outstanding principal balance and unpaid accrued interest under each converting Note on a date that is no more than five (5) days prior to the closing of the Listing Event by (y) the applicable Conversion Price.

• The number of Conversion Securities the Company issues upon such conversion will equal the quotient (rounded up to the nearest whole share) obtained by dividing (x) the outstanding principal balance and unpaid accrued interest under each converting Note on a date that is no more than five (5) days prior to the closing of the Next Equity Financing by (y) the applicable Conversion Price.

More Definitions of Conversion Securities

Conversion Securities means Common Stock or Subsequent Round Securities, as applicable.

Conversion Securities means the Common Stock or other securities or property purchasable on the exercise of the Warrants.

Conversion Securities means the securities delivered on conversion of Securities (or any securities successor thereto), together with any securities successor thereto to those so delivered on conversions.

Conversion Securities means the securities into which the Note is convertible, and any securities issuable upon conversion or exercise thereof.

Conversion Securities means any security, share, obligation, promissory note, option, warrant or any other debt, equity or other instrument into which any Exchange Note has been converted or exercised into, or which are provided to any Osprey Party under or in respect of any such Exchange Note, in each case, on and from the Original Call Option Date until the settlement of the relevant exercise of the Option hereunder in respect of the Exchange Note (including, without limitation, the Exchange Note and Related Rights), including in each case any Option Interest.

Conversion Securities means such securities of the Company issuable upon a Mandatory Conversion of this Note in connection with the occurrence of a Qualified Financing.

Conversion Securities means the Class A Ordinary Shares or the ADSs upon conversion of the Convertible Securities held by such holder in accordance with the terms of the Notes and/or the Certificate of Designation.