Fully Converted Basis definition

Fully Converted Basis at any time means that all Shares convertible into Common Shares outstanding at that time will be deemed to have been fully converted, into Common Shares and Common Shares issuable as a result thereof will be deemed to have been issued and to form part of the holdings of the Person(s) entitled to receive such Common Shares;

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Fully Converted Basis at any time means that all shares convertible into Common Shares outstanding at that time shall be deemed to have been fully converted, in accordance with the rights, privileges, restrictions and conditions attached thereto, into Common Shares and Common Shares issuable as a result thereof shall be deemed to have been issued and to form part of the holdings of the Person(s) entitled to receive such Common Shares.

Fully Converted Basis at any time means that all Shares then outstanding which are convertible or exchangeable into Common Shares (directly or indirectly through exchange into securities which are themselves convertible into Common Shares) shall be deemed to have been fully converted

Examples of Fully Converted Basis in a sentence

Additionally, in the event that Investors holding not less than 60% of the Common Shares held by all Investors (on a Fully Converted Basis) elect to waive their rights with respect to any particular offer or right given under, or any provision contained in, Article 6 by notice in writing to the Issuing Company, then such waiver shall be binding upon all of the parties to this Agreement.
Except as provided in Section 7.2 and except for the Series A Shareholders and Series A Investors who shall not be so restricted, no party shall be entitled to assign his, her or its rights under this agreement to any Person without the prior written approval of the Corporation and the Shareholders owning not less than 75% of the Common Shares (on a Fully Converted Basis) that are subject to this Agreement, provided that such consent shall not be unreasonably withheld.
This Agreement shall terminate, if: (a) the Shareholders holding not less than 60% of the Common Shares (calculated on a Fully Converted Basis) that are subject to this Agreement agree in writing to terminate this Agreement; (b) the Company is dissolved, liquidated or formally wound-up; (c) upon the consummation of a Drag Along transaction or (d) upon an IPO.
No term or provision hereof may be amended except by an instrument in writing (the "Amending Instrument") duly signed by the Corporation and the Shareholders owning not less than 75% of the Common Shares (on a Fully Converted Basis) that are subject to this Agreement; provided however, that if the amendment affects the rights, restrictions or obligations of the Shareholders only, the Corporation need not execute the Amended Instrument.
Additionally, in the event that Shareholders holding not less than 60% of the Common Shares (on a Fully Converted Basis) held by all Shareholders who are subject to this Agreement elect to waive their rights with respect to any particular offer or right given under, or any provision contained in, Article 5 by notice in writing to the Company and all other non-waiving Shareholders, then such waiver shall be binding upon all of the Shareholders.

More Definitions of Fully Converted Basis

Fully Converted Basis at any time means that all Shares then outstanding which are convertible or exchangeable (directly or indirectly) (including pursuant to the Exchange Rights) into Common Shares at that time shall be deemed to have been fully converted and exchanged into Common Shares, in accordance with the rights, privileges, restrictions and conditions attached thereto, and Common Shares issuable as a result thereof shall be deeme d to have been issued and to form part of the holdings of the Person(s) entitled to receive such Common Shares and assuming the redemption of all Special Voting Stock in accordance with the rights, privileges, restrictions and conditions attached thereto. For clarity, such basis does not include options or warrants that are exercisable or exchangeable (directly or indirectly) (including pursuant to the Exchange Rights) into Common Shares;

Fully Converted Basis at any time means that all shares of any class in the share capital of the Corporation convertible into Shares outstanding at that time shall be deemed to have been fully converted, in accordance with the rights, privileges, restrictions and conditions attached thereto, into Shares and Shares issuable as a result thereof shall be deemed to have been issued and to form part of the holdings of the person(s) entitled to receive such Shares.

Fully Converted Basis at any time means that all Shares then outstanding which are convertible or exchangeable (directly or indirectly) (including pursuant to this Agreement) into U.S. Company Common Stock at that time shall be deemed to have been fully converted and exchanged into U.S. Company Common Stock, in accordance with the rights, privileges, restrictions and conditions attached thereto, and U.S. Company Common Stock issuable as a result thereof shall be deemed to have been issued and to form part of the holdings of the Person(s) entitled to receive such U.S. Company Common Stock and assuming the redemption of all U.S. Company Special Voting Stock and Canadian Special Voting Shares in accordance with the rights, privileges, restrictions and conditions attached thereto. For clarity, such basis does not include options or warrants that are exercisable or exchangeable (directly or indirectly) (including pursuant to this Agreement) into U.S. Company Common Stock.

Fully Converted Basis at any time means that all Shares and other securities of the Corporation (including the Option Shares, all options, warrants, units, rights of conversion or other rights that carries a right to acquire shares in the capital of the Corporation) then outstanding which are convertible or exchangeable into Common Shares (directly or indirectly) shall be deemed to have been fully converted and exchanged into Common Shares, in accordance with the rights, privileges, restrictions and conditions attached thereto, and Common Shares issuable as a result thereof shall be deemed to have been issued and to form part of the holdings of the Person(s) entitled to receive such Common Shares.

Fully Converted Basis means, with respect to calculating the number of shares of Common Stock held by a person, all such shares then outstanding plus all shares of Common Stock issuable upon the exercise, conversion or exchange of other securities of the Company held by such Holder.

Fully Converted Basis at any time means that the Shares of any series in the capital of the Corporation outstanding at that time shall be deemed to have been fully converted in accordance with the Share Rights and Restrictions, into Common Shares in the capital of the Corporation and the Common Shares issuable as a result thereof shall be deemed to have been issued and to form part of the holdings of the Person(s) entitled to receive such Common Shares;