Optional Conversion. Subject to and in compliance with the provisions of this Section 4, any shares of Series Preferred may, at the option of the holder, be converted at any time into fully-paid and nonassessable shares of Common Stock. The number of shares of Common Stock to which a holder of Series Preferred shall be entitled upon conversion shall be the product obtained by multiplying the applicable Series Preferred Conversion Rate then in effect (determined as provided in Section 4(b)) by the number of shares of Series Preferred being converted.
Appears in 3 contracts
Samples: License Agreement (Mirum Pharmaceuticals, Inc.), License Agreement (Lumena Pharmaceuticals, Inc.), License Agreement (Mirum Pharmaceuticals, Inc.)
Optional Conversion. Subject to and in compliance with the provisions of this Section 45, any shares of Series Preferred Stock may, at the option of the holder, be converted at any time into fully-paid and nonassessable shares of Common Stock. The number of shares of Common Stock to which a holder of Series Preferred Stock shall be entitled upon conversion shall be the product obtained by multiplying the applicable “Series Preferred Stock Conversion Rate Rate” then in effect (determined as provided in Section 4(b)5(b) by the number of shares of the corresponding series of Series Preferred Stock being converted.
Appears in 2 contracts
Samples: Contribution Agreement (Hyperfeed Technologies Inc), Contribution Agreement (Pico Holdings Inc /New)
Optional Conversion. Subject to and in compliance with the provisions of this Section 4, any shares of Series the Preferred Stock may, at the option of the holder, be converted at any time into fully-paid and nonassessable shares of Common Stock. The number of shares of Common Stock to which a holder of Series the Preferred Stock shall be entitled upon conversion shall be the product obtained by multiplying the applicable Series A Preferred Conversion Rate or Series B Conversion Rate then in effect (determined as provided in Section 4(b)) by the number of shares of the Series A Preferred or Series B Preferred, as applicable, being converted.
Appears in 2 contracts
Samples: Share Exchange Agreement (Paylocity Holding Corp), Share Exchange Agreement (Paylocity Holding Corp)
Optional Conversion. Subject to and in compliance with the provisions of this Section 4, any shares of Series Preferred may, at the option of the holder, be converted at any time into fully-paid and nonassessable shares of Common Stock. The number of shares of Common Stock to which a holder of Series Preferred shall be entitled upon conversion shall be the product obtained by multiplying the applicable “Series Preferred Conversion Rate Rate” then in effect (determined as provided in Section 4(b)) by the number of shares of Series Preferred being converted.
Appears in 2 contracts
Samples: Loan and Security Agreement (ARYx Therapeutics, Inc.), Loan and Security Agreement (ARYx Therapeutics, Inc.)
Optional Conversion. Subject to and in compliance with the provisions of this Section 45, any shares of Series Preferred may, at the option of the holder, be converted at any time into fully-paid and nonassessable shares of Common Stock. The number of shares of Common Stock to which a holder of Series Preferred shall be entitled upon conversion shall be the product obtained by multiplying the applicable “Series Preferred Conversion Rate Rate” then in effect (determined as provided in Section 4(b5(b)) by the number of shares of Series Preferred being converted.
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Samples: Subordination Agreement (Revance Therapeutics, Inc.)
Optional Conversion. Subject to and in compliance with the provisions of this Section 4, any shares of Series Preferred may, at the option of the holder, be converted at any time into fully-paid and nonassessable shares of Common Stock. The number of shares of Common Stock to which a holder of Series Preferred shall be entitled upon conversion shall be the product obtained by multiplying the applicable Series Preferred Conversion Rate then in effect (determined as provided in Section 4(b)) by the number of shares of Series Preferred being converted.
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Samples: Voting Agreement (Adesso Healthcare Technology Services Inc)
Optional Conversion. Subject to and in compliance with the provisions of this Section 45, any shares of Series A-6 Preferred may, at the option of the holder, be converted at any time into fully-paid and nonassessable shares of Common Stock. The number of shares of Common Stock to which a holder of Series A-6 Preferred shall be entitled upon conversion shall be the product obtained by multiplying the applicable “Series Preferred A-6 Conversion Rate Rate” then in effect (determined as provided in Section 4(b5(b)) by the number of shares of Series A-6 Preferred being converted.
Appears in 1 contract
Samples: Notes Securities Purchase Agreement (Global Employment Holdings, Inc.)
Optional Conversion. Subject to and in compliance with the provisions of this Section 4, any shares of Series A Preferred may, at the option of the holder, be converted at any time into fully-paid and nonassessable shares of Common Stock. The number of shares of Common Stock to which a holder of Series A Preferred shall be entitled upon conversion shall be the product obtained by multiplying the applicable Series A Preferred Conversion Rate then in effect (determined as provided in Section 4(b)) by the number of shares of Series A Preferred being converted.
Appears in 1 contract
Samples: Loan and Security Agreement (Halozyme Therapeutics Inc)
Optional Conversion. Subject to and in compliance with the provisions of this Section 45, any shares of Series A Preferred may, at the option of the holder, be converted at any time into fully-paid and nonassessable shares of Common Stock. The number of shares of Common Stock to which a holder of Series A Preferred shall be entitled upon conversion shall be the product obtained by multiplying the applicable "Series Preferred A Conversion Rate Rate" then in effect (determined as provided in Section 4(b5(b)) by the number of shares of Series A Preferred being converted.
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Optional Conversion. Subject to and in compliance with the provisions of this Section 45, any shares of Series A Preferred may, at the option of the holder, be converted at any time into fully-paid and nonassessable shares of Common Stock. The number of shares of Common Stock to which a holder of Series A Preferred shall be entitled upon conversion shall be the product obtained by multiplying the applicable "Series A Preferred Conversion Rate Rate" then in effect (determined as provided in Section 4(b5(b)) by the number of shares of Series A Preferred being converted.
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Optional Conversion. Subject to and in compliance with the provisions of this Section 4, any shares of Series A Preferred may, at the option of the holder, be converted at any time into fully-paid and nonassessable shares of Common Stock. The number of shares of Common Stock to which a holder of Series A Preferred shall be entitled upon conversion shall be the product obtained by multiplying the applicable "Series A Preferred Conversion Rate Rate" then in effect (determined as provided in Section 4(b)4.b.) by the number of shares of Series A Preferred being converted.
Appears in 1 contract
Samples: Preferred Stock Purchase Agreement (Cumetrix Data Systems Corp)
Optional Conversion. Subject to and in compliance with the provisions of this Section 4, any shares of Series A Preferred may, at the option of the holder, be converted at any time into fully-paid and nonassessable shares of Common Stock. The number of shares of Common Stock to which a holder of Series A Preferred shall be entitled upon conversion shall be the product obtained by multiplying the applicable "Series A Preferred Conversion Rate Rate" then in effect (determined as provided in Section 4(b)) by the number of shares of Series A Preferred being converted.
Appears in 1 contract
Samples: Preferred Stock Purchase Agreement (Gene Logic Inc)
Optional Conversion. Subject to and in compliance with the provisions of this Section 4, any shares of Series Preferred may, at the option of the holder, be converted at any time into fully-fully paid and nonassessable shares of Common Stock. The number of shares of Common Stock to which a holder of Series Preferred shall be entitled upon conversion shall be the product obtained by multiplying the applicable "Series Preferred Conversion Rate Rate" then in effect for the applicable series of Preferred Stock (determined as provided in Section 4(b)) by the number of shares of Series such series of Preferred Stock being converted.
Appears in 1 contract
Optional Conversion. Subject to and in compliance with the provisions of this Section 4, any shares of Series Preferred may, at the option of the holder, be converted at any time into fully-paid and nonassessable shares of Common Stock. The number of shares of Common Stock to which a holder of respective Series Preferred shall be entitled upon conversion shall be the product obtained by multiplying the applicable Series Preferred Conversion Rate then in effect "Series A Preferred Conversion Rate" or "Series B Preferred Conversion Rate," as applicable, (determined as provided in Section 4(b)) by the number of shares of Series A Preferred and Series B Preferred being converted.
Appears in 1 contract
Samples: Preferred Stock Purchase Agreement (Oryx Technology Corp)
Optional Conversion. Subject to and in compliance with the provisions of this Section 4, any shares of Series Preferred may, at the option of the holder, be converted at any time into fully-paid and nonassessable shares of Common Stock. The number of shares of Common Stock to which a holder of Series Preferred shall be entitled upon conversion shall be the product obtained by multiplying the applicable Series Preferred Conversion Rate then in effect (determined as provided in Section 4(b)) by the number of shares of Series Preferred being converted.
Appears in 1 contract
Optional Conversion. Subject to and in compliance with the provisions of this Section 4, any shares of Series Preferred may, at the option of the holder, be converted at any time into fully-paid and nonassessable shares of Common Stock. The number of shares of Common Stock to which a holder of Series Preferred shall be entitled upon conversion shall be the product obtained by multiplying the applicable "Series Preferred Conversion Rate Rate" then in effect (determined as provided in Section 4(b)) by the number of shares of Series Preferred being converted.
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Optional Conversion. Subject to and in compliance with the provisions of this Section 45, any shares of Series B-2 Preferred may, at the option of the holder, be converted at any time into fully-paid and nonassessable shares of Common Stock. The number of shares of Common Stock to which a holder of Series B-2 Preferred shall be entitled upon conversion shall be the product obtained by multiplying the applicable “Series Preferred B-2 Conversion Rate Rate” then in effect (determined as provided in Section 4(b5(b)) by the number of shares of Series B-2 Preferred being converted.
Appears in 1 contract
Samples: Notes Securities Purchase Agreement (Global Employment Holdings, Inc.)
Optional Conversion. Subject to and in compliance with the provisions of this Section 45, any shares of Series A Convertible Preferred may, at the option of the holder, be converted at any time into fully-paid and nonassessable shares of Common Stock. The number of shares of Common Stock to which a holder of Series A Convertible Preferred shall be entitled upon conversion shall be the product obtained by multiplying the applicable Series Preferred "Conversion Rate Rate" then in effect (determined as provided in Section 4(b5(b)) by the number of shares of Series A Convertible Preferred being converted.
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