Converted Shares. “Converted Shares” is defined in Section 2.5(a)(iii) of the Agreement.
Converted Shares. The shares of Common Stock issued upon conversion ---------------- will be recorded on the books of the Corporation as of the Conversion Date in the name of the Holder or its nominee, and will rank pari passu with the issued and fully paid shares of Common Stock of the Corporation outstanding on the Conversion Date, and the Holder will accordingly be entitled to any dividends or other distributions declared, made, or paid on the Common Stock on or after such Conversion Date. The Conversion Shares may not be transferred or sold except pursuant to a transaction registered under the Securities Act of 1933, as amended (the "Securities Act") or pursuant to an exemption therefrom. The share --------------- certificate representing the Conversion Shares shall bear a restrictive legend concerning such restrictions on transfer.
Converted Shares. Any Shares which are converted into Common Stock under this Section 5 will be canceled, and such Shares may thereafter be reissued as a part of a new series of Preferred Stock of the Corporation to be created by resolution or resolutions of the Board of Directors of the Corporation.
Converted Shares. After the Conversion Date with respect to any shares of ESOP Shares, such shares shall no longer be deemed to be outstanding and all rights with respect to such shares, including but not limited to the rights, if any, to receive notices or distributions and to vote, shall immediately cease and terminate on the Conversion Date, except only the right of the holders thereof to receive shares of Common Stock (and cash in lieu of fractional shares) in exchange therefor.
Converted Shares. Any shares of Preferred Stock which are converted pursuant to this Section 4B.5 will be canceled and will not be reissued, sold or transferred.
Converted Shares. For purposes of this Agreement, "Converted Shares" shall mean the number of shares of Sunbelt common stock into which each share of Boomxxxxxxx xxxmon stock will be converted on the Effective Date.
Converted Shares. Shares of Series A Convertible Preferred Stock that have been converted shall be cancelled and shall not be reissued.
Converted Shares. The Sponsor shall have acquired the Converted Shares through conversion pursuant to Section 1.04 of this Agreement. The Sponsor shall transfer the Converted Shares to Joyous JD Limited on or immediately prior to the Closing Date.
Converted Shares. At the Merger Effective Time, the PIPE Shares shall be automatically cancelled without any action of the Buyer in exchange for the right to receive the same number of ordinary shares of PubCo, par value $0.0001 per share (the converted shares of PubCo are herein referred as the “Converted Share”), free and clear of any liens or other restrictions whatsoever (other than those arising under state or federal securities laws).
Converted Shares. In the event the Lender elects to converts their loan to shares, then these shares will carry “piggy back registration rights”. Payout from Receivables – if the Company does not make the repayment on or before __________________, 2011, it will grant a specific charge against receivables as described in Security below.
