Increased Conversion Shares definition

Increased Conversion Shares means the good faith estimate of number of shares which the Company anticipates will be issuable to the Holder as a result of an adjustment to the Conversion Price resulting from the application of Section 4(g) of the Securities Purchase Agreement.
Sample 1

Examples of Increased Conversion Shares in a sentence

  • Barra and Vitale, as executives, members of the board of directors and majority stockholders of the Post-Merger Company shall take all actions necessary in each of their capacities to promptly increase the Post-Merger Company’s authorized shares of Common Stock to a number sufficient to permit the implementation of the Increased Conversion Shares Reservation immediately after such additional shares are authorized.

  • In lieu of issuing fractional Increased Conversion Shares upon Conversion of all or any portion of the Note, the Company shall pay cash in an amount equal to the product of the then applicable Conversion Price per Increased Conversion Share and the number of fractional shares that would otherwise be issuable thereunder.

  • Ray Murphy, “UN Peacekeeping in the Democratic Republic of the Congo and the Protection of Civilians”, Journal of Conflict and Security Law (2016), Vol.

Related to Increased Conversion Shares

  • Interest Conversion Shares shall have the meaning set forth in Section 2(a).

  • Series B Conversion Price means, as of the applicable Conversion Date, the greater of (A) the average of the Market Values of the Common Stock for the five consecutive Trading Days preceeding (but not including) such Conversion Date, or (B) the then effective Series B Minimum Conversion Price.

  • New Conversion Price means the amount determined in accordance with the following formula, which shall apply from the QTE Effective Date: NCP = ECP * (VWAPAES / VWAPOS) where:

  • Conversion Stock means shares of Common Stock issued upon conversion of the Preferred Stock.

  • Conversion Share means any share of Common Stock issued or issuable upon conversion of any Note.

  • Company Conversion Price means, as of any date of determination, the price which shall be the lower of (i) the applicable Conversion Price and (ii) that price computed as 90% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the ten (10) consecutive Trading Days ending on the Trading Day immediately preceding the applicable Company Redemption Date (each a “Company Conversion Measuring Period”). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction that proportionately decreases or increases the Common Stock during such Company Conversion Measuring Period.

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

  • Series A Conversion Price shall initially be equal to $0.71. Such initial Series A Conversion Price, and the rate at which shares of Series A Preferred Stock may be converted into shares of Common Stock, shall be subject to adjustment as provided below.

  • Fixed Conversion Price shall have the meaning set forth in Section 4(b).

  • Additional Shares shall have the meaning specified in Section 14.03(a).

  • Initial Conversion Price has the meaning specified in Section 13.01.

  • Automatic Conversion means the irrevocable and automatic release of all of the Company’s obligations under the Securities (other than the CSO Obligations, if any) in consideration of the Company’s issuance of the Conversion Shares at the Conversion Price to the Conversion Shares Depository (on behalf of the Holders and Beneficial Owners of the Securities) or to the relevant recipient of such Conversion Shares, all in accordance with the terms of the Securities.

  • Series A Conversion Rate means, as adjusted pursuant to Section 5.8(b)(vi)(E), the number of Common Units issuable upon the conversion of each Series A Preferred Unit, which shall be the quotient of (a) the sum of (i) the Series A Issue Price, plus (ii) any Series A Unpaid Distributions on the applicable Series A Preferred Unit, plus (iii) only for purposes of the definition of “Series A COC Conversion Rate,” any Series A Partial Period Distributions on the applicable Series A Preferred Unit, divided by (b) the Series A Issue Price.

  • Forced Conversion Amount means the sum of (a) 100% of the aggregate Stated Value then outstanding and (b) all liquidated damages and other amounts due in respect of the Preferred Stock.

  • Common Warrant Shares means the shares of Common Stock issuable upon exercise of the Common Warrants.

  • Applicable Conversion Price means the Conversion Price in effect at any given time.

  • Adjustment Shares shall have the meaning set forth in Section 11(a)(ii) hereof.

  • Mandatory Conversion Date has the meaning set forth in Section 7(a).

  • Warrant Share Number means at any time the aggregate number of shares of Warrant Stock which may at such time be purchased upon exercise of this Warrant, after giving effect to all prior adjustments and increases to such number made or required to be made under the terms hereof.

  • Mandatory Conversion shall have the meaning set forth in Section 6.

  • Mandatory Conversion Notice has the meaning set forth in Section 4.7.C hereof.

  • Default Conversion Price shall have the meaning set forth in Section 4(b).

  • Series E Preferred Shares means the Series E Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Base Conversion Price shall have the meaning set forth in Section 5(b).

  • Interest Conversion Price means, with respect to any Interest Date, that price which shall be computed as 100.0% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the ten (10) consecutive Trading Days immediately preceding the applicable Interest Date (each, an “Interest Measuring Period”). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during such period.

  • Series F Preferred Shares means the Series F Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.