Conversion Shares definition

Conversion Shares means, collectively, the shares of Common Stock issuable upon conversion of the shares of Preferred Stock in accordance with the terms hereof.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Conversion Shares means, collectively, the shares of Common Stock issuable upon conversion of this Note in accordance with the terms hereof.

Conversion Shares means the shares of Common Stock issuable upon conversion of the Preferred Stock.

Examples of Conversion Shares in a sentence

At the appropriate Purchaser’s expense, the Company will execute and deliver such reasonable documentation as a pledgee or secured party of Series A Shares, or the Conversion Shares may reasonably request in connection with a pledge or transfer of the Series A Shares or the Conversion Shares.
No later than two (2) Business Days following receipt of a Notice of Conversion by a Lender, WBM shall deliver, or cause to be delivered, electronically to such Lender the Conversion Shares representing the number of Conversion Shares being acquired upon the conversion of the applicable Notes.
For example, if a Lender purchases Common Shares having a total purchase price of $11,000 to cover a Buy-In with respect to an attempted conversion of its Term Loan with respect to which the actual sale price of the Conversion Shares (including any brokerage commissions) giving rise to such purchase obligation was a total of $10,000 under clause (A) of the immediately preceding sentence, WBM shall be required to pay such Lender $1,000.
The Conversion Shares, when issued upon conversion of the Series A Shares in accordance with the terms of the Series A COD will be validly issued, fully paid and nonassessable, free and clear of all Liens imposed by the Company.
Prior to registration of the Conversion Shares under the 1933 Act or the date on which the Conversion Shares may be sold pursuant to an exemption from registration, all such certificates shall bear the restrictive legend specified in Section 2(e) of this Agreement.

More Definitions of Conversion Shares

Conversion Shares means all shares of Common Stock issuable upon conversion of all or any portion of the Note; and “Securities” means the Note and the Conversion Shares.

Conversion Shares means the shares of Common Stock issuable upon conversion of this Debenture or as payment of interest in accordance with the terms.

Conversion Shares means the shares of Common Stock or other equity securities issued or issuable upon conversion of the Acquired Shares.

Conversion Shares shall have the meaning ascribed to such term in the Certificate of Designation.

Conversion Shares means Ordinary Shares issuable upon conversion of any Preferred Shares.

Conversion Shares means, collectively, the shares of Common Stock into which the shares of Preferred Stock are convertible in accordance with the terms hereof.

Conversion Shares shall have the meaning ascribed to such term in the Notes.