Preferred Share Conversion definition

Preferred Share Conversion means the conversion of each SatixFy Preferred Share issued and outstanding at the end of the date immediately prior to the Closing Date into one (1) SatixFy Ordinary Share, effective as of the end of such date immediately prior to the Closing Date, as described in the Business Combination Agreement.
View Source
Preferred Share Conversion has the meaning set forth in Section 2.2(b).
View Source
Preferred Share Conversion means the conversion of the Preferred Shares into Common Shares in accordance with the PubCo Certificate.
View Source

Examples of Preferred Share Conversion in a sentence

  • At and as of the Effective Time, (A) the Target Unitholders (other than any Buyer-owned Unit) shall have the right to receive 1 Preferred Share ("Conversion Ratio") for each two (2) Target Units (the "Merger Consideration"), and (B) each Buyer-owned Unit shall be cancelled; provided, however, that the Merger Consideration shall be subject to equitable adjustment in the event of any split, distribution, or other change in the number of Target Units outstanding.

  • Execution and delivery of the Preferred Share Conversion Notice shall have the same effect as cancellation of the original Note and issuance of a new Note representing the remaining outstanding principal amount.

  • The term "Series A Preferred Share Conversion Limit" shall have the meaning set forth in Section 15.4(f).

  • The term "Series A Preferred Share Conversion Limit" shall have the meaning set forth in Section 16.4(f).

  • In order for the Holder to convert such portion of this Note into shares of Series A Preferred Stock and to thereby be entitled to shares of Series A Preferred Stock the Holder shall give a Preferred Share Conversion Notice (or such other notice which is acceptable to the Company) to the Company stating therein the principal amount of this Note to be converted.

  • A Preferred Share Conversion Notice may be given by telephone line facsimile transmission to the numbers set forth on the form of Preferred Share Conversion Notice.

  • If more than one Certificate representing Series A Convertible Preferred Shares shall be surrendered for conversion with the same Series A Convertible Preferred Share Conversion Date by the same holder of Series A Convertible Preferred Shares, the number of full Common Shares which shall be deliverable upon conversion thereof shall be computed on the basis of the aggregate number of whole Series A Convertible Preferred Shares so surrendered.

  • Upon any such conversion, no adjustment to the Preferred Share Conversion Rate shall be made for any declared but unpaid dividends on the Series D Convertible Preferred Stock surrendered for conversion or on the Common Stock delivered upon conversion.

  • The Company further covenants and agrees that it will pay, when due and payable, any and all Federal and state stamp, original issue or similar taxes which may be payable in respect of the issue of any Warrant Share, Preferred Share, Conversion Share or any certificate thereof to the extent required because of the issuance by the Company of such security.

  • Assumption of Series B Preferred Share Conversion Obligation.............................67 Section 5.24.


More Definitions of Preferred Share Conversion

Preferred Share Conversion means the conversion, immediately prior to the Effective Time, of all outstanding Preferred Shares into Common Shares in accordance with the terms of the Amended and Restated Certificate of Incorporation of the Company.
View Source