Common use of Holder’s Conversion Right Clause in Contracts

Holder’s Conversion Right. Subject to the provisions of Section 4(e), at any time or times on or after the Initial Issuance Date, each Holder shall be entitled to convert any whole number of Preferred Shares into validly issued, fully paid and non-assessable shares of Common Stock in accordance with Section 4(c) at the Conversion Rate (as defined below).

Appears in 3 contracts

Sources: Exchange Agreement (Majesco Entertainment Co), Exchange Agreement (Majesco Entertainment Co), Subscription Agreement (Majesco Entertainment Co)

Holder’s Conversion Right. Subject to the provisions of Section 4(e), at At any time or times on or after the Initial Issuance Date, each Holder shall be entitled to convert any whole number of shares of Series E Preferred Shares Stock into validly issued, fully paid and non-assessable shares of Common Stock in accordance with Section 4(c) at the Conversion Rate (as defined below).

Appears in 1 contract

Sources: Securities Exchange Agreement (H.I.G. Aert, LLC)

Holder’s Conversion Right. Subject to the provisions of Section 4(e) and 4(f), at any time or times on or after the Initial Issuance Date, each Holder shall be entitled to convert any whole number of Preferred Shares into validly issued, fully paid and non-assessable shares of Common Stock in accordance with Section 4(c) at the Conversion Rate (as defined below).

Appears in 1 contract

Sources: Subscription Agreement (Majesco Entertainment Co)