Converted Stock Equivalent Amount definition

Converted Stock Equivalent Amount means, for each share of Series X Preferred, ten (10) shares of Common Stock; provided, however, that if, after issuance of any shares of Series X Preferred, the Corporation subdivides or splits its outstanding Common Stock, including by way of a dividend or distribution of Common Stock, or combines its outstanding Common Stock into a lesser number of shares, the “Converted Stock Equivalent Amount” with respect to such issued and outstanding shares of Series X Preferred shall be adjusted as if such action applied to the shares of Common Stock represented by the Converted Stock Equivalent Amount.
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Converted Stock Equivalent Amount means, for each share of Series B Preferred Stock, one share of Common Stock; provided that if, after issuance of any shares of Series B Preferred Stock, the Corporation subdivides or splits its outstanding Common Stock, including by way of a dividend or distribution of Common Stock, or combines its outstanding Common Stock into a lesser number of shares, the “Converted Stock Equivalent Amount” with respect to such issued and outstanding shares of Series B Preferred Stock shall be proportionately adjusted as if such action applied to the shares of Common Stock represented by the Converted Stock Equivalent Amount.
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Converted Stock Equivalent Amount means, for each share of Non-Voting Common Stock, one1 share of Voting Common Stock; provided that if, after issuance of any Non-Voting Common Stock, the Corporation subdivides or splits its outstanding shares of Voting Common Stock, including by way of a dividend or distribution of Voting Common Stock, or combines its outstanding shares of Voting Common Stock into a lesser number of shares, the "Converted Stock Equivalent Amount" with respect to such issued and outstanding shares of Non-Voting Common Stock shall be proportionately adjusted as if such action applied to the shares of Voting Common Stock represented by the Converted Stock Equivalent Amount.
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Examples of Converted Stock Equivalent Amount in a sentence

  • Subject to Section 4(f), at any time, each Holder may, in its sole discretion, elect that all, or any whole number of shares that is less than all, of their shares of Senior Preferred be converted pursuant to an Optional Conversion, in which case each share of Senior Preferred subject to such Optional Conversion shall be converted into the Converted Stock Equivalent Amount; provided that cash will be paid in lieu of fractional shares pursuant to Article III, Section 7.


More Definitions of Converted Stock Equivalent Amount

Converted Stock Equivalent Amount means, for each
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Related to Converted Stock Equivalent Amount

  • Common Stock Equivalents means any securities of the Company or the Subsidiaries which would entitle the holder thereof to acquire at any time Common Stock, including, without limitation, any debt, preferred stock, right, option, warrant or other instrument that is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Common Stock.

  • Common Stock means the common stock of the Company.

  • Ordinary Shares means the ordinary shares, par value $0.0001 per share, of the Company.