Conversion Requirements definition
Examples of Conversion Requirements in a sentence
Such certificate shall be deemed to have been issued, and the Holder shall be deemed for all purposes to have become a holder of record of such Warrant Shares, as of the date of receipt by the Company of all the Conversion Requirements.
It is the Parties’ mutual intent that each of the milestones listed below this table and identified as Launch Requirements and Conversion Requirements shall have been satisfied prior to the Conversion Date.
The Company shall convert into Common Stock all, but not less than all, of the Series D Preferred Stock on the fifth business day following the date the Mandatory Conversion Requirements are satisfied (but in no event earlier than the third anniversary of the effective date of the Plan) at the Conversion Price (as defined below) of the Series D Preferred Stock in effect on such conversion date.
The conversion of this Note shall be conducted in the following manner: Holder’s Conversion Requirements.
The undersigned is submitting this Pool Two Certificate to demonstrate compliance with the Conversion Requirements provided for in the Loan Agreement.
The Company shall convert into Common Stock all, but not less than all, of the Series C Preferred Stock on the first day the Mandatory Conversion Requirements are satisfied (but in no event earlier than the third anniversary of the Effective Date) at the Conversion Price (as defined below) of the Series C Preferred Stock in effect on such conversion date.
Not later than ten (10) business days after receipt by the Company of all of the Conversion Requirements, the Company shall execute and deliver or cause to be executed and delivered, in accordance with the Conversion Notice, a certificate in the name of the Holder for the number of Warrant Shares resulting from the conversion of the Warrant.
The State acknowledges that many of the Conversion Requirements of this section may not be known, defined, or may not be completed until after Contract Award.
Such dividends shall accrue from the first anniversary of the Original Issue Date of the Series A Preferred Stock and shall cease to accrue on the date immediately preceding the date on which the Conversion Requirements described in Section 8 are satisfied.
Not later than thirty (30) days after receipt by the Company of the Conversion Requirements, the Company shall execute and deliver or cause to be executed and delivered, in accordance with the Conversion Notice, a certificate in the name of the Holder for the number of Warrant Shares resulting from the conversion of the Warrant.