Note Conversion Shares definition

Note Conversion Shares means the shares of Common Stock issuable upon the conversion of the Convertible Note in accordance with Section 5 of the Convertible Note.

Note Conversion Shares. As defined in Section 1.

Note Conversion Shares shall have the meaning set forth in Section 8.3.

Examples of Note Conversion Shares in a sentence

• The number of Note Conversion Shares and Warrant Shares is subject to adjustment upon the occurrence of stock splits, recapitalizations and similar events occurring after the date hereof.

• Upon the consummation of the Merger, the outstanding principal amount of $2,000,000.00 and accrued and unpaid interest of $110,027.40 pursuant to the Reporting Person’s 8% unsecured subordinated convertible promissory note issued by the Issuer, dated as of February 28, 2019, was converted into 301,605 Note Conversion Shares.

• The number of shares of Common Stock to be issued upon each conversion of this Note (the Note Conversion Shares) shall be determined by dividing the Conversion Amount by the Conversion Price in effect on the date (the Conversion Date) a Notice of Conversion is delivered to the Company by the Holder by facsimile or other reasonable means of communication dispatched prior to 5:00 p.m., New York Time.

• The Note Conversion Shares are not subject to any preemptive rights, rights of first refusal or restrictions on transfer.

• Such Investor understands and agrees that the Notes and the Note Conversion Shares, the Warrant and the Warrant Shares, or any other securities issued in respect of the Notes, the Note Conversion Shares, the Warrants and/or the Warrant Shares upon any applicable stock split, stock dividend, recapitalization, merger, consolidation or similar event, shall bear any legend required by the Transaction Documents or under applicable federal or state securities laws.

More Definitions of Note Conversion Shares

Note Conversion Shares means shares of Common Stock into which this Convertible Note is or may be converted.

Note Conversion Shares means the shares of Common Stock underlying those certain convertible promissory notes in the aggregate principal amount of $3,000,000 (the “Merger Notes”), to be issued to those Purchasers who are to receive such convertible promissory notes at the closing of the Merger Agreement.

Note Conversion Shares means an aggregate number, rounded down to the nearest whole number with respect to each recipient, of ListCo Class A Shares, to be issued in the form of ListCo Class A ADSs, equal to (a) the outstanding principal amount due in respect of the Convertible Notes, divided by (b) the applicable Conversion Price as defined in the applicable Convertible Note.

Note Conversion Shares shall have the meaning set forth in Section 1.1(b)(i) hereto.

Note Conversion Shares means the shares of Series A Preferred Stock issuable upon conversion of the Convertible Notes.”

Note Conversion Shares has the meaning set forth in Section 5.

Note Conversion Shares means both the Series Cal Cap Preferred Stock and the Common Stock, collectively, that are issuable upon the conversion of the Convertible Note in accordance with Section 5 of the Convertible Note.