Convertible Shares. The 1,000 shares of the Company’s non-participating, non-voting, convertible stock, par value $.0001 per share.
Convertible Shares. Target shall cause the holders of all of its Target Convertible Securities (other than Target Notes) to convert, exercise or otherwise agree to cancel all Target Convertible Securities.
Convertible Shares. Effective as of the date hereof, the Advisor hereby irrevocably waives its rights under Section 8.5 of the Advisory Agreement and the Charter to convert the Convertible Shares into shares of common stock of the Company (the “Common Shares”) automatically upon the termination or non-renewal of the Advisory Agreement (other than for “Cause” as defined in the Advisory Agreement). From and after the date hereof, a termination or non-renewal of the Advisory Agreement will not automatically result in the conversion of the Convertible Shares into Common Shares unless, at the time of such termination or non-renewal, one of the other events triggering conversion of the Convertible Shares also shall have occurred. After giving effect to this Waiver, the Convertible Shares will convert into Common Shares if and when:
Convertible Shares. On or prior to the Mailing Date, AROC Delaware ------------------ shall enter into agreements with the holders of the Alliance Convertible Shares, on terms satisfactory to Alliance, providing that after the then outstanding Alliance Convertible Shares are tendered pursuant to the Offer and the Offer becomes unconditional, each then outstanding Alliance Convertible Share shall be exchanged for 0.5 AROC Delaware Shares and the right to receive additional AROC Delaware Shares on terms substantially similar to the terms of the Alliance Convertible Shares.
Convertible Shares. The Preferred Stock shall be convertible into common shares of HBI upon the following terms and conditions:
Convertible Shares. The Company has issued 1,000 Convertible Shares to the Advisor. The Convertible Shares will convert into common stock under certain circumstances as set forth in the Articles of Incorporation.
Convertible Shares. 40 Section 6.6 Board Membership and Employment of Equity Holder 40 Section 6.7 NASDAQ Listing 40 Section 6.8 Further Actions; Required Consents 41 Section 6.9 No Solicitations of Transactions 41 Section 6.10 Employee Matters 42 Section 6.11 Tax Matters. 42 Section 6.12 Non-Competition and Non-Solicitation 44 Section 6.13 Notification of Certain Matters 47
Convertible Shares. In the event, at any time during a three (3) year period from the date of Closing, that the Parent Company issues any convertible preferred shares of stock to the Parent Company’s Chairman and Chief Executive Officer (Xxxx Xxxxxx), Parent Company and Purchaser agree that they will use their best efforts to obtain the approval of the Board of Directors of the Parent Company to issue a like amount of convertible shares of stock to the Equity Holder under the same terms and conditions as the convertible preferred stock as issued to Xxxx Xxxxxx. In the event that the Parent Company does not cause the issuance of said like amount of convertible shares to the Equity Holder, Xxxx Xxxxxx agrees to transfer 50% of said convertible shares to Equity Holder of the number of convertible preferred shares issued to him to Equity Holder.
Convertible Shares. The Convertible Shares transferred to Prab pursuant to this Agreement constitute one hundred percent (100%) of the shares of stock of Prab owned by SMRS and SMRS has no other equity interest in Prab nor does SMRS have any amounts due from Prab except for the accrued and unpaid dividends on the Convertible Shares.
