Conversion Units definition

Conversion Units means the Common Units issuable upon conversion of the Purchased Units.

Conversion Units means Common Units issued upon conversion of Series A Preferred Units pursuant to Section 5.12(c).

Conversion Units means the Common Units issuable upon conversion of the Purchased Units or the PIK Units.

Examples of Conversion Units in a sentence

• The Holders shall pay any and all issue and other taxes that may be payable with respect to any issue or delivery of the Conversion Units upon conversion of this Note pursuant hereto; provided, however, that the Holders shall not be obligated to pay any transfer taxes resulting from any transfer requested by the Holders in connection with any such conversion.

• The Conversion Units shall not be issued upon conversion of this Note unless such issuance and such conversion comply with all applicable provisions of law.

• The Holders shall also be entitled to include the Conversion Units and their underlying securities in Piggyback Registrations, which shall be subject to the same provisions as set forth in Section 2.2 of the Registration Rights Agreement; provided, however, that in the event that an underwriter advises Maker that the Maximum Number of Securities has been exceeded with respect to a Piggyback Registration, the Holders shall not have any priority for inclusion in such Piggyback Registration.

• The Conversion Units shall be identical to the units issued by the Maker to the Payee in a private placement upon consummation of the Maker’s initial public offering.

• Upon issuance of Series A Conversion Units to the Series A Converting Unitholder, all rights under the converted Series A Preferred Units shall cease, and such Series A Converting Unitholder shall be treated for all purposes as the Record Holder of such Series A Conversion Units.

More Definitions of Conversion Units

Conversion Units means Common Units issuable upon conversion of any of the Class B Convertible Preferred Units.

Conversion Units means the NEP Common Units to be issued upon conversion of Issued NEP Non-Voting Units, upon the terms and subject to the conditions of the Amended NEP Partnership Agreement.

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

Conversion Units means the Common Units issued upon conversion of the Preferred Units.

Conversion Units means the Common Units issuable upon conversion of the Purchased Units or PIK Units.

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

Conversion Units means one (1) share of fully paid and non-assessable common stock of the Company, par value $0.001, and one (1) common stock purchase warrant (the “Warrant”). Each Warrant is exercisable to purchase one share of common stock at a price of $1.10 per share.