LOAN CONVERSION SHARES definition

LOAN CONVERSION SHARES shall have the meaning assigned thereto in the Recitals.
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LOAN CONVERSION SHARES means collectively, the shares of Borrower Common Stock issued upon conversion of Obligations due under the Note(s) pursuant to Section 5 of this Loan Agreement.
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LOAN CONVERSION SHARES means the shares of the Company’s common stock to be issued by the Company immediately prior to the Effective Time to Xxxxxx X. Xxxxxxx and Xxxxxxx Xxxxxxx, or a trust of which such Person is a trustee, in exchange for the forgiveness of $300,000 in principal of Debt owed to such Persons.
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Examples of LOAN CONVERSION SHARES in a sentence

  • Trading in the Shares on the Stock Exchange will resume with effect from 9:00 a.m. on 1 November 2021.COMPLETION OF THE RESTRUCTURING AND ISSUE OF FIRST LOAN CONVERSION SHARES, SUBSCRIPTION SHARES AND SCHEME SHARES The Restructuring will be completed upon the Resumption.


More Definitions of LOAN CONVERSION SHARES

LOAN CONVERSION SHARES means the Shares to which the Lender is entitled on conversion of the Loan Conversion Amount as calculated pursuant to clause 6.3.
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LOAN CONVERSION SHARES means, collectively, the shares of Common Stock issuable upon conversion of Convertible Indebtedness pursuant to Section 4 of this Loan Agreement.
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Related to LOAN CONVERSION SHARES

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

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

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

  • Term Loan Conversion Date means the Termination Date on which all Revolving Credit Advances outstanding on such date are converted into a term loan pursuant to Section 2.06.

  • Conversion Securities has the meaning set forth in Section 4.08(b).

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

  • Commitment Shares shall have the meaning set forth in Section 12.04.

  • New Convertible Notes means the Company’s 5.0% Senior Unsecured Convertible Notes due 2023.

  • Note Shares means the shares of Common Stock issuable upon conversion of the Notes.

  • Company Convertible Notes means the convertible notes issued by the Company pursuant to the convertible note purchase agreement by and among the Company, PA Grand Opportunity Limited and other investors named therein dated June 6, 2016, as amended on June 13, 2016.

  • 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.

  • Preferred Shares means shares of Series A Junior Participating Preferred Stock, par value $.01 per share, of the Company having the rights and preferences set forth in the Form of Certificate of Designations attached to this Agreement as Exhibit A.

  • 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.

  • 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.

  • Series C Preferred Shares means the Company’s series C preferred shares, par value US$0.00001 per share.

  • Existing Convertible Notes means any convertible notes or other convertible debt securities of the Company outstanding on the date of this Agreement.

  • PIPE Shares shall have the meaning given in the Recitals hereto.

  • Series B Preferred Shares means the Series B 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.

  • Series A Preferred Shares means the Series A 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.

  • Series D Preferred Shares means the Company’s series D preferred shares, par value US$0.00001 per share.

  • Series B-2 Preferred Stock means shares of the Company’s Series B-2 Preferred Stock, par value $0.001 per share.

  • Series C Shares means the shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series C, of the Company.

  • Redemption Shares has the meaning set forth in Section 6.2(a). “Reviewed Year” has the meaning ascribed to said phrase under Section 6225(d)(1) of the Code.

  • Convertible Note means an instrument issued by a startup company evidencing receipt of money initially as debt, which is repayable at the option of the holder, or which is convertible into such number of equity shares of such startup company, within a period not exceeding five years from the date of issue of the convertible note, upon occurrence of specified events as per the other terms and conditions agreed to and indicated in the instrument;

  • Series A Preference Shares means the Series A Preference Shares of £0.05 each in the capital of the Company.

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