Conversion Stock definition
Conversion Stock means shares of Common Stock issued upon conversion of the Preferred Stock.
Conversion Stock means shares of the Company's authorized but unissued Common Stock; provided that if there is a change such that the securities issuable upon conversion of the Notes are issued by an entity other than the Company or there is a change in the class of securities so issuable, then the term "Conversion Stock" shall mean one share of the security issuable upon conversion of this Note if such security is issuable in shares, or shall mean the smallest unit in which such security is issuable if such security is not issuable in shares.
Conversion Stock means the shares of Common Stock that are issued or issuable upon conversion of any or all of the outstanding shares of Series A Preferred Stock pursuant to the Certificate of Designations.
Examples of Conversion Stock in a sentence
The Maker shall at all times while this Note shall be outstanding, keep available out of its authorized Common Stock an amount equivalent to five (5) times the number of shares of Conversion Stock that could be issued at any time hereunder (initially 2,056,250 shares; the “Required Minimum”), disregarding for this purpose any and all limitations of any kind on such conversion.
The shares of Conversion Stock, when issued upon conversion of a Note in accordance with its terms, will be validly issued, fully paid and non-assessable and free from all taxes, liens, and charges with respect to the issuance thereof.
More Definitions of Conversion Stock
Conversion Stock means the Common Stock issued or issuable pursuant to conversion of the Preferred Stock.
Conversion Stock means one share of the security issuable upon conversion of this Note if such security is issuable in shares, or shall mean the smallest unit in which such security is issuable if such security is not issuable in shares.
Conversion Stock means shares of Common Stock issued upon conversion of the Series C Preferred, Series B-1 Preferred, Series B Preferred or the Bridge Notes (including following the conversion of any New Preferred Stock issuable upon conversion of the Bridge Notes).
Conversion Stock means shares of the Company's authorized but unissued Common Stock issuable upon conversion of the Notes; provided that if there is a change such that the securities issuable upon conversion of the Notes are issued by an entity other than the Company or there is a change in the class of securities so issuable, then the term "Conversion Stock" shall mean one share of the security issuable upon conversion of this Note if such security is issuable in shares, or shall mean the smallest unit in which such security is issuable if such security is not issuable in shares.
Conversion Stock shall include the stock and other securities and property that are, on an Actual Conversion Date, receivable or issuable upon such conversion of this Note in accordance with its terms.
Conversion Stock means the shares of capital stock of the Company issuable upon conversion of this Note in accordance with Section 3 hereof.
Conversion Stock means the Holding Company Common Stock to be issued and sold in the Offerings pursuant to the Plan of Conversion.