Conversion Cap definition
Conversion Cap means a number of Common Shares equal to 19.99% of the number of shares of Common Stock outstanding as of the date hereof calculated in accordance with the listing standards and rules of the Nasdaq Stock Market, including Rule 5635(d) (or any successor provisions thereof). For the avoidance of doubt, once Shareholder Approval is obtained, the Conversion Cap shall cease to exist.
Conversion Cap shall have the meaning set forth in Section 8(a).
Conversion Cap means in connection with any issuance of Parent Common Stock, a number of shares, which when aggregated with the number of shares of Parent Common Stock then held by Parent and its Affiliates prior to such issuance, would not exceed 65% of the aggregate outstanding Parent Common Stock (after giving effect to such issuance).
Examples of Conversion Cap in a sentence
Notwithstanding anything herein to the contrary, if any ABL Obligations are outstanding at the time of such Conversion, the amount of Parent Common Stock held by the Agent shall not exceed the Conversion Cap.
More Definitions of Conversion Cap
Conversion Cap means 4,000,000 shares of Common Stock, subject to adjustment for any Stock Event (as defined below) that occurs on or after the Fourth Amendment Date.
Conversion Cap means at all times prior to 60 days prior to the Maturity Date, a number of shares of Common Shares not to exceed 9.5% of the number of Common Shares outstanding as of the date hereof (as determined pursuant to Rule 13d-3 under the Securities Exchange Act of 1934, as amended), and at all times, at the Lender’s election, a number of Common Shares not to exceed (collectively for such Lender, together with Lenders that are Affiliates) 19.99% of the number of Common Shares outstanding (calculated in accordance with the listing standards of the Nasdaq Stock Market Rule 5635(b).
Conversion Cap has the meaning set forth in the Certificate of Designation.
Conversion Cap shall have the meaning set out in Clause 4.5.
Conversion Cap means, at the time of determination, 19.9% of the issued and outstanding shares of Voting Stock on an as converted basis (for the avoidance of doubt, after giving effect to any issuance with respect to which the Conversion Cap is being calculated).
Conversion Cap means the maximum number of shares of Common Stock that may be issued in connection with any conversion of Notes (or portion thereof) without the approval of the stockholders of the Issuer under the applicable listing standards of The New York Stock Exchange.
Conversion Cap means a number of shares equal to thirty percent (30%) of the number of shares of the Company’s common stock that are outstanding on the Business Day immediately preceding the date of the Closing of the purchase of Holder’s Debenture.