Next Stock definition

Next Stock means the stock into which the attached Note is convertible, and for which the attached Warrant is exercisable. Next Stock shall be the same class and series and have the same rights and limitations including, but not limited to, anti-dilution protection and registration rights as the Company's stock, which is the subject of the Next Qualified Equity Financing. The Investor shall not have any right to modify or negotiate the terms upon which such stock is issued.
Sample 1Sample 2Sample 3
Next Stock is defined for purposes of this Note in Section 1.6 of the Agreement.
Sample 1Sample 2
Next Stock means the Company's Preferred Stock issued in the Next Qualified Equity Financing. However, if there is no Next Qualified Equity Financing before July 31, 2001, Next Stock shall refer to the Company's Series C Preferred Stock which shall have all rights allocated to Series C Preferred Stock as described in the Company's Certificate of Incorporation, as amended.
Sample 1

Examples of Next Stock in a sentence

  • Any restrictions that apply to credits, vouchers, re- booking or re-scheduling, such as the period in which credits must be used or services re-booked, must also be fair and made clear to consumers.

  • Next Stock shall be the same class and series and have the same rights and limitations including, but not limited to, anti-dilution protection and registration rights as the Company's stock, which is the subject of the Next Qualified Equity Financing.

  • The term "Next Stock" shall mean the stock into which the attached Note is convertible, and for which the attached Warrant is exercisable.

  • Conversion shall be deemed effective upon issuance of Next Stock.

  • The Holder shall have no right to negotiate any of the terms or conditions upon which the Next Stock shall be issued, which negotiation shall be conducted solely among the Company and the purchasers of the Next Stock.

  • The Company hereby allocates to the Warrant a purchase price of $0.01 for each share of Next Stock that the Warrant is exercisable into and such purchase price shall be retained by the Company from the principal of the Investor's Note by the Company and this amount will not accrue interest or convert into any other security.

  • The Initiating Order directed Ameren Illinois to present evidence showing the reconciliation of revenues collected under its power procurement riders with the actual costs incurred in connection with the related procurement activities during the Reconciliation Period.

  • It should also be noted and is accepted that the College use generates significantly more traffic outside of the peak period as a considerable number of students will arrive after 9am and depart before 5pm.

  • Y = The number of shares of Next Stock purchasable under this Warrant.

  • If the number of shares of Next Stock outstanding at any time after the date hereof is decreased by a combination of the outstanding shares of Next Stock, the purchase price shall be appropriately increased and the number of shares of Next Stock which this Warrant is exercisable for, if any, shall be appropriately decreased in proportion to such decrease in outstanding shares.


More Definitions of Next Stock

Next Stock is defined for purposes of this Note in Section 1.5 of that certain Convertible Promissory Note and Warrant Purchase Agreement of even date herewith.
Sample 1

Related to Next Stock

  • Common Stock means the common stock of the Company.

  • Common Shares means the common shares in the capital of the Corporation;

  • Shares means the shares of Common Stock issued or issuable to each Purchaser pursuant to this Agreement.

  • Dividend Shares means the shares of Common Stock issuable in payment of dividends payable on the Preferred Shares in accordance with the terms of the Certificate of Designation.

  • Unit Shares means the Common Shares comprising part of the Units;

  • Company Stock means, collectively, the Company Common Stock and the Company Preferred Stock.

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

  • Qualifying Preferred Stock means non-cumulative perpetual preferred stock of the Corporation that (a) ranks pari passu with or junior to all other preferred stock of the Corporation, and (b) either (x) is subject to a Qualifying Replacement Capital Covenant or (y) is subject to Intent-Based Replacement Disclosure and has a provision that prohibits the Corporation from paying any dividends thereon upon its failure to satisfy one or more financial tests set forth therein, and (c) as to which the transaction documents provide for no remedies as a consequence of non-payment of dividends other than Permitted Remedies.

  • Series B Common Stock means the Series B Common Stock, par value $0.01 per share, of the Company.

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

  • 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.

  • Holdings Common Stock means the common stock, par value $0.01 per share, of Holdings.

  • Ordinary Shares Equivalents means any securities of the Company or the Subsidiaries which would entitle the holder thereof to acquire at any time Ordinary Shares, 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, Ordinary Shares.

  • Plan Shares means the total number of Common Shares which may be reserved for issuance as Optioned Shares under the Plan as provided in §2.2;

  • Series A Common Stock means the Series A Common Stock, par value $0.01 per share, of the Company.

  • Common Stock Dividend means a stock dividend declared and paid on the Common Stock that is payable in shares of Common Stock.

  • Newco Common Stock means the common stock, par value $.01 per share, of Newco.

  • Series B Stock means the Company's Series B Convertible Preferred Stock, par value $0.000001 per share.

  • Class B Common Shares means (x) the Company’s Class B Common shares, $0.002 par value per share, the terms of which may be designated by the board of directors of the Company in a certificate of designations and (y) any share capital into which such preferred shares shall have been changed or any share capital resulting from a reclassification of such preferred shares (other than a conversion of such preferred shares into Common Shares in accordance with the terms of such certificate of designations).

  • Class B Common Stock means the Class B Common Stock, par value $0.01 per share, of the Company.

  • Equivalent Shares means Preferred Shares and any other class or series of capital stock of the Company which is entitled to the same rights, privileges and preferences as the Preferred Shares.

  • Stock Election Shares shall have the meaning set forth in Section 3.2.1.

  • Common Share Equivalents means any securities of the Company or the Subsidiaries which would entitle the holder thereof to acquire at any time Common Shares, 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 Shares.

  • Amalco Common Shares means common shares in the capital of Amalco;

  • New Preferred Stock means the Convertible Series A Preferred Stock and the Series B Preferred Stock.

  • Common Stock Equivalent means any Convertible Security or warrant, option or other right to subscribe for or purchase any Additional Shares of Common Stock or any Convertible Security.