Fully Converted Basis definition

Fully Converted Basis at any time means that all Shares convertible into Common Shares outstanding at that time will be deemed to have been fully converted, into Common Shares and Common Shares issuable as a result thereof will be deemed to have been issued and to form part of the holdings of the Person(s) entitled to receive such Common Shares;

Fully Converted Basis at any time means that all shares convertible into Common Shares outstanding at that time shall be deemed to have been fully converted, in accordance with the rights, privileges, restrictions and conditions attached thereto, into Common Shares and Common Shares issuable as a result thereof shall be deemed to have been issued and to form part of the holdings of the Person(s) entitled to receive such Common Shares.

Fully Converted Basis at any time means that all Shares then outstanding which are convertible or exchangeable into Common Shares (directly or indirectly through exchange into securities which are themselves convertible into Common Shares) shall be deemed to have been fully converted

Examples of Fully Converted Basis in a sentence

• Any term of this Agreement may be amended or waived only with the written consent of Shareholders holding not less than 70% of the Common Shares on a Fully Converted Basis, provided that any amendment or waiver which materially and adversely affects the rights of a Shareholder in a manner that discriminates against such Shareholder vis-à-vis the other Shareholders, shall also require the written consent of such Shareholder.

• For a better illustration of the relative interests held by various Kantatsu shareholders, the shareholding structure of Kantatsu in the above table is presented on a Fully Converted Basis, whereby all classes of Kantatsu Shares are converted into Kantatsu Common Shares.

• This Agreement shall terminate, if: (a) the Shareholders holding not less than 60% of the Common Shares (calculated on a Fully Converted Basis) that are subject to this Agreement agree in writing to terminate this Agreement; (b) the Company is dissolved, liquidated or formally wound-up; (c) upon the consummation of a Drag Along transaction or (d) upon an IPO.

• Additionally, in the event that Shareholders holding not less than 65% of the Common Shares (on a Fully Converted Basis) held by all Shareholders who are subject to this Agreement elect to waive their rights with respect to any particular offer or right given under, or any provision contained in, Article 4 by notice in writing to the Company and all other non- waiving Shareholders, then such waiver shall be binding upon all of the Shareholders.

• This Agreement shall terminate, if: (a) the Shareholders holding not less than 75% of the Common Shares (calculated on a Fully Converted Basis) that are subject to this Agreement agree in writing to terminate this Agreement; (b) the Company is dissolved, liquidated or formally wound-up; (c) upon the consummation of a Drag Along transaction or (d) upon an IPO.

More Definitions of Fully Converted Basis

Fully Converted Basis at any time means that all Shares then outstanding which are convertible or exchangeable (directly or indirectly) (including pursuant to the Exchange Rights) into Common Shares at that time shall be deemed to have been fully converted and exchanged into Common Shares, in accordance with the rights, privileges, restrictions and conditions attached thereto, and Common Shares issuable as a result thereof shall be deeme d to have been issued and to form part of the holdings of the Person(s) entitled to receive such Common Shares and assuming the redemption of all Special Voting Stock in accordance with the rights, privileges, restrictions and conditions attached thereto. For clarity, such basis does not include options or warrants that are exercisable or exchangeable (directly or indirectly) (including pursuant to the Exchange Rights) into Common Shares;

Fully Converted Basis at any time means that all Shares then outstanding which are convertible or exchangeable (directly or indirectly) (including pursuant to this Agreement) into U.S. Company Common Stock at that time shall be deemed to have been fully converted and exchanged into U.S. Company Common Stock, in accordance with the rights, privileges, restrictions and conditions attached thereto, and U.S. Company Common Stock issuable as a result thereof shall be deemed to have been issued and to form part of the holdings of the Person(s) entitled to receive such U.S. Company Common Stock and assuming the redemption of all U.S. Company Special Voting Stock and Canadian Special Voting Shares in accordance with the rights, privileges, restrictions and conditions attached thereto. For clarity, such basis does not include options or warrants that are exercisable or exchangeable (directly or indirectly) (including pursuant to this Agreement) into U.S. Company Common Stock.

Fully Converted Basis at any time means that all shares of any class in the share capital of the Corporation convertible into Shares outstanding at that time shall be deemed to have been fully converted, in accordance with the rights, privileges, restrictions and conditions attached thereto, into Shares and Shares issuable as a result thereof shall be deemed to have been issued and to form part of the holdings of the person(s) entitled to receive such Shares.

Fully Converted Basis at any time means that all Shares and other securities of the Corporation (including the Option Shares, all options, warrants, units, rights of conversion or other rights that carries a right to acquire shares in the capital of the Corporation) then outstanding which are convertible or exchangeable into Common Shares (directly or indirectly) shall be deemed to have been fully converted and exchanged into Common Shares, in accordance with the rights, privileges, restrictions and conditions attached thereto, and Common Shares issuable as a result thereof shall be deemed to have been issued and to form part of the holdings of the Person(s) entitled to receive such Common Shares.

Fully Converted Basis means that for the purposes of the applicable calculation of the percentage of Subordinate Voting Shares, such calculation shall be made on the basis that all convertible securities issued by Listco (including the Preferred Shares and the Super Voting Share), all of the convertible securities issued by the Coop (including the Preference Units) and all exchangeable securities issued by the Coop (including the Ordinary Units) that are exchangeable for securities of Listco, shall be deemed to have been converted or exchanged, as applicable, into Subordinate Voting Shares in accordance with the conversion and exchange procedures set out in this Agreement, the Listco Constating Documents, the Coop Articles and the Exchange Agreement, as applicable, such that both the numerator and the denominator of the applicable calculation include the number of fully diluted Subordinate Voting Shares. For certainty, such calculation will also include any applicable securities that are issued after the Completion Date, whether to parties to this Agreement, or otherwise. For greater certainty, any call options or put options included in Schedule A hereto (in respect of Units and/or Subordinate Voting Shares after exercise of the Upstream Put Right by any member of the Joday Group), shall not be taken into account for the purpose of such calculation unless the applicable call options or put options are actually exercised (in which case the calculation shall be made on the basis of the transferred ownership of the Units and/or Subordinated Voting Shares). Sample calculations of such percentages of Subordinate Voting Shares are set out in Schedule D.

Fully Converted Basis at any xxxx xeans that alx xxxxxxx, xarrants or other rights of any kind to acquire Common Stock and all securities convertible or exchangeable into Common Stock outstanding at that time shall be deemed to have been fully exercised, converted or exchanged, as the case may be, and the Common Shares issuable as a result thereof shall be deemed to have been fully issued and to form part of the holdings of the Person(s) entitled to receive such Common Stock.

Fully Converted Basis means, with respect to calculating the number of shares of Common Stock held by a person, all such shares then outstanding plus all shares of Common Stock issuable upon the exercise, conversion or exchange of other securities of the Company held by such Holder.