Examples of Installment Balance Conversion Shares in a sentence
All Pre-Installment Conversion Shares and Installment Balance Conversion Shares shall be fully paid and nonassessable shares of Common Stock (rounded to the nearest whole share).
On the Trading Day immediately after the end of the Company Conversion Measuring Period (the "Installment Settlement Date"), the Company shall, or shall direct the Transfer Agent to, deliver to the Holder's account with DTC a number of additional shares of Common Stock, if any, equal to the Installment Balance Conversion Shares.
On the second (2nd) Trading Day immediately after the end of the Measuring Period, the Company shall deliver a notice setting forth the calculation of the Installment Balance Conversion Shares (and the calculation of the component parts of such calculation) to the Holders.
On the Trading Day immediately after the end of the Company Conversion Measuring Period (the “Installment Settlement Date”), the Company shall, or shall direct the Transfer Agent to, deliver to the Holder’s account with DTC a number of additional Conversion Shares, if any, equal to the Installment Balance Conversion Shares.
On the Trading Day immediately after the end of the Company Conversion Measuring Period (the "INSTALLMENT SETTLEMENT DATE"), the Company shall, or shall direct the Transfer Agent to, deliver to the Holder's account with DTC, or issue to the Holder a certificate for, a number of additional shares of Common Stock, if any, equal to the Installment Balance Conversion Shares.