Preferred Conversion Stock definition

Preferred Conversion Stock means the shares of Common Stock issued upon conversion of the Preferred Stock.
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Preferred Conversion Stock means, at the election of the Company, Series Seed-1 Preferred or a newly designated series of Preferred Stock that has substantially the same rights, preferences and privileges as the Series Seed-1 Preferred.
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Preferred Conversion Stock means Series Seed-1 Preferred.
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Examples of Preferred Conversion Stock in a sentence

  • In the event that neither a Qualified Financing nor a Change in Control shall have occurred on or before the Maturity Date then, notwithstanding anything herein contained to the contrary, the outstanding Principal Amount and all accrued but unpaid interest thereon as of the Maturity Date shall be automatically converted into shares of Preferred Conversion Stock as of the Maturity Date (the “Mandatory Conversion”).

  • Other fixed costs (periodic maintenance, rent, insurance premium, taxes and salaries, bonus) and depreciation are the main components of the recurring fixed costs.

  • At such time that such conversion has been affected, the Holder shall be deemed to have become the holder of record of the shares of Preferred Conversion Stock represented hereby.

  • As soon as possible after conversion has been affected (but in any event within five (5) business days after conversion has been affected), the Maker shall deliver to the converting holder of Preferred Conversion Stock a certificate or certificates representing the number of shares of Common Conversion Stock issuable by reason of such conversion in the name of the holder.

  • Each such conversion of Preferred Conversion Stock shall be deemed to have been affected as of the close of business on the date the Common Conversion Notice has been received by the Maker.

  • At such time that such conversion has been affected, the holder of the Preferred Conversion Stock shall be deemed to have become the holder of record of the shares of Common Conversion Stock represented hereby.

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  • As soon as possible after conversion has been affected (but in any event within five (5) business days after conversion has been affected), the Maker shall deliver to the converting Holder a certificate or certificates representing the number of shares of Preferred Conversion Stock issuable by reason of such conversion in the name of the Holder.

  • The RL1 District encompasses all Brouillette lands within 800 feet of Route 105;4 all remaining Brouillette lands lie within the RL2 District.

  • In the event that the Preferred Conversion Stock is converted hereunder into Conversion Common Stock, the Maker shall be obligated to register with the U.S. Securities Exchange Commission all of the shares of the resulting Conversion Common Stock.

Related to Preferred Conversion Stock

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

  • 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.

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

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

  • Series F Preferred Stock means shares of the Company’s Series F Preferred Stock, par value $0.0001 per share.

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

  • 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.

  • 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 B Warrants means, collectively, the Series B Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof and the other Series B Warrants contemplated under Section 2.1 to be issued concurrently at the Closing, which Series B Warrants shall be exercisable beginning immediately and have a term of exercise equal to five (5) years, in the form of Exhibit B-2 attached hereto.

  • 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.

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

  • Series C Preferred Stock means shares of the Company’s Series C Preferred Stock, par value $0.0001 per share.

  • Series B Preferred Stock means shares of the Company’s Series B Preferred Stock, par value $0.0001 per share.

  • Series B Preferred means the Corporation's Series B Convertible Preferred Stock, par value $.001 per share.

  • Company Series C Preferred Stock means the Series C Preferred Stock, par value $0.0001 per share, of the Company.

  • Series H Preferred Stock means shares of the Company’s Series H Preferred Stock, par value $0.0001 per share.

  • Company Series B Preferred Stock means the Series B Preferred Stock, par value $0.0001 per share, of the Company.

  • Series D Preferred means the Series D Convertible Preferred Stock of the Company, par value $.01 per share.

  • Preferred Stock as applied to the Capital Stock of any corporation, means Capital Stock of any class or classes (however designated) which is preferred as to the payment of dividends, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such corporation, over shares of Capital Stock of any other class of such corporation.

  • Series E Preferred Stock means shares of the Company’s Series E Preferred Stock, par value $0.0001 per share.

  • Series B-1 Preferred Stock means shares of the Company’s Series B-1 Preferred Stock, par value $0.0001 per share.