Holder of Record of Conversion Shares Sample Clauses
The "Holder of Record of Conversion Shares" clause defines who is officially recognized as the owner of shares that have been issued as a result of converting another security, such as a convertible note or preferred stock. Typically, this clause specifies that the person or entity whose name appears in the company's records as the holder of the newly issued shares is considered the legal owner, regardless of when the conversion paperwork was submitted or processed. This ensures clarity in ownership rights, voting, and dividend entitlements, and helps prevent disputes over who is entitled to exercise shareholder rights after a conversion event.
Holder of Record of Conversion Shares. The Person in whose name any share of Common Stock is issuable upon conversion of any Note will be deemed to become the holder of record of such share as of the Close of Business on (i) the Conversion Date for such conversion, in the case of Physical Settlement; or (ii) the last VWAP Trading Day of the Observation Period for such conversion, in the case of Combination Settlement.
Holder of Record of Conversion Shares. The Person in whose name any Conversion Share is issuable or deliverable upon conversion of this Note will be deemed for all corporate purposes to hold such share as of the close of business on the date of receipt by such Person of the Conversion Shares for such conversion.
Holder of Record of Conversion Shares. The Person in whose name the certificate for (or book-entry representing) any share of Common Stock is registered on the books of the Company or its transfer agent upon conversion of any Note will be deemed to become the holder of record of such share as of the Close of Business on (i) the Conversion Date for such conversion, in the case of Physical Settlement; or (ii) the last VWAP Trading Day of the Observation Period for such conversion, in the case of Combination Settlement. Upon a conversion of any Notes, such person will no longer be a Holder of such Notes surrendered for conversion.
Holder of Record of Conversion Shares. Each conversion will be deemed to have been effected as to any Notes surrendered for conversion on the Conversion Date; provided, however, that the Person in whose name any share of Common Stock is issuable upon conversion of any Note will be deemed to become the holder of record of such share as of the Close of Business on the last VWAP Trading Day of the Observation Period for such conversion.