Definition of Post-Installment Conversion Shares


Post-Installment Conversion Shares means that number of shares of Common Stock that would be required to be delivered pursuant to Section 8 on an applicable Installment Date without taking into account the delivery of any Pre-Installment Conversion Shares.
Sample 1 Sample 2 Sample 3

Examples of Post-Installment Conversion Shares in a sentence

The Company shall pay any and all transfer, stamp, issuance and similar taxes that may be payable with respect to the issuance and delivery of Pre-Installment Conversion Shares, Post-Installment Conversion Shares, Pre-Installment Certificated Shares, and Post-Installment Certificated Shares.
Notwithstanding anything herein to the contrary, if, with respect to an Installment Date, the number of Pre-Installment Conversion Shares delivered to the Holder exceeds the number of Post-Installment Conversion Shares with respect to such Installment Date, then the Holder shall be entitled to keep any such excess as additional interest with respect to such Installment Amount due on such Installment Date.
Notwithstanding anything herein to the contrary, if, with respect to an Installment Date, the number of Pre-Installment Conversion Shares delivered to a Holder exceeds the number of Post-Installment Conversion Shares with respect to such Installment Date, then such Holder shall be entitled to keep any such excess as additional Dividends with respect to such Installment Share Amount of Preferred Shares subject to conversion or redemption, as applicable, on such Installment Date.
If a Payment Default has occurred and the Pre-Installment Conversion Shares for the applicable Installment Date exceed the Post-Installment Conversion Shares, then Holder shall not be required to return to the Company any of the excess shares or apply such excess shares to any future issuance or conversion of shares hereunder.
Notwithstanding anything to the contrary in this Section 8(a), but subject to the limitations set forth in Section 3(d), until the Company delivers Common Stock representing the applicable Post-Installment Conversion Shares (reduced by the number of applicable Pre-Installment Conversion Shares), the applicable Installment Amount may be converted by the Holder into Common Stock pursuant to Section 3.