Event of Conversion definition

Event of Conversion means the closing of the initial public offering of the Common Stock under the Securities Act of 1933, as amended, at a price per share equal to or greater than $4.350755 (subject to proportionate or other equitable adjustment in the event of a stock split, stock dividend, reverse stock split, combination, reclassification, or similar event affecting the Common Stock at any time after the Series D Original Issuance Date).
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Event of Conversion means the consummation of a public offering of shares of Common Stock of the Corporation pursuant to the Securities Act of 1933, as amended, generating net proceeds to the Corporation of at least $15 million and reflecting a per share price of at least $37.50 per share of Common Stock as constituted on the Original Issuance Date.
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Event of Conversion means the first to occur of: -------------------
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Examples of Event of Conversion in a sentence

  • Until the occurrence of a Series A/KBL Event of Conversion, the Series A/KBL Holders shall be entitled to subscribe for their respective Preemptive Share of any New Securities which the Corporation may, from time to time, propose to issue and sell, at any time while any Series A/KBL Stock is outstanding and subject to the terms, conditions and procedures set forth below.

  • Conversion shall be deemed to have been effected with respect to conversion under (a) Section 7(a)(i) above, on the date when the aforesaid delivery is made and (b) Section 7(b) on the date of occurrence of a Series A/KBL Event of Conversion, as the case may be, and any such date is referred to herein as the "SERIES A/KBL CONVERSION DATE".

  • Conversion shall be deemed to have been effected with respect to conversion under (a) Section 7(a)(i) above, on the date when the aforesaid delivery is made and (b) Section 7(b) on the date of occurrence of a Series B/KBH Event of Conversion, as the case may be, and any such date is referred to herein as the "SERIES B/KBH CONVERSION DATE".

  • Until the occurrence of a Series B/KBH Event of Conversion, the Series B/KBH Holders shall be entitled to subscribe for their respective Preemptive Share of any New Securities which the Corporation may, from time to time, propose to issue and sell, at any time while any Series B/KBH Stock is outstanding and subject to the terms, conditions and procedures set forth below.

  • Until the occurrence of a Series KBL Event of Conversion, the Series KBL Holders shall be entitled to subscribe for their respective Preemptive Share of any New Securities which the Corporation may, from time to time, propose to issue and sell, at any time while any Series KBL Stock is outstanding and subject to the terms, conditions and procedures set forth below.

  • Until the Series A Event of Conversion, the holders of a majority of the outstanding shares of Series A Preferred Stock, voting as a separate class, shall be entitled to elect one director of the Corporation (the "SERIES A DIRECTOR").

  • Until the Series A Event of Conversion, the Series A Holders shall have the pre-emptive right to purchase, on a pro rata basis, all or any part of any New Securities which the Corporation may, from time to time, propose to issue and sell, at any time while any Series A Preferred Stock is outstanding and subject to the terms and conditions set forth below.

  • Until the occurrence of a Series A Event of Conversion, the Series A Holders shall be entitled to subscribe for their respective Preemptive Share of any New Securities which the Corporation may, from time to time, propose to issue and sell, at any time while any Series A Stock is outstanding and subject to the terms, conditions and procedures set forth below.

  • Due to stakeholder feedback regarding internal needs for total contributions expressed as a percentage of payroll, the reports have been modified to include such results in the contribution projection on page 5.

  • Conversion shall be deemed to have been effected with respect to conversion under (a) Section 7(a)(i) above, on the date when the aforesaid delivery is made and (b) Section 7(b) on the date of occurrence of a Series A Event of Conversion, as the case may be, and any such date is referred to herein as the "SERIES A CONVERSION DATE".


More Definitions of Event of Conversion

Event of Conversion means (i) the consummation of an initial public offering and sale of capital stock of the Corporation as part of a firmly underwritten public offering registered under the Securities Act of 1933, as amended.
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Event of Conversion means the earlier of two years from issuance of the Series F Preferred Stock or the occurrence of the closing price per share for the Corporation's common stock having been at least $5.00 for a consecutive 30 day period.
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Related to Event of Conversion

  • Certificate of Conversion means the Certificate of Conversion of the Partnership filed with Secretary of State of Delaware as referenced in Section 2.1 as such Certificate of Conversion may be amended, supplemented or restated from time to time.

  • Date of Conversion Conversion Price:_______________________________________________________________ Shares To Be Delivered:_________________________________________________________ Signature:______________________________________________________________________ Print Name:_____________________________________________________________________ Address:________________________________________________________________________

  • Notice of Conversion shall have the meaning set forth in Section 4(a).

  • Mandatory Conversion shall have the meaning set forth in Section 6.

  • Plan of Conversion has the meaning given such term in Section 14.1.

  • Automatic Conversion means the irrevocable and automatic release of all of the Company’s obligations under the Securities (other than the CSO Obligations, if any) in consideration of the Company’s issuance of the Conversion Shares at the Conversion Price to the Conversion Shares Depository (on behalf of the Holders and Beneficial Owners of the Securities) or to the relevant recipient of such Conversion Shares, all in accordance with the terms of the Securities.

  • Notice of Conversion/Continuation means a notice in substantially the form of Exhibit B.

  • Mandatory Conversion Notice has the meaning set forth in Section 4.7.C hereof.

  • Conversion Event means the cessation of use of (i) a Foreign Currency both by the government of the country or the confederation which issued such Foreign Currency and for the settlement of transactions by a central bank or other public institutions of or within the international banking community or (ii) any currency unit or composite currency for the purposes for which it was established.

  • Conversion Plan shall have the meaning given to such term in Section 2.05 of this Agreement.

  • Mandatory Conversion Date has the meaning set forth in Section 7(a).

  • Notice of Conversion/Extension means the written notice of conversion of a LIBOR Rate Loan to an Alternate Base Rate Loan or an Alternate Base Rate Loan to a LIBOR Rate Loan, or extension of a LIBOR Rate Loan, in each case substantially in the form of Exhibit 1.1(e).

  • Change of Control Conversion Date shall have the meaning provided in the Articles Supplementary.

  • Optional Conversion has the meaning set forth in Section 6(a).

  • Forced Conversion has the meaning set forth in Section 4.05(c) hereof.

  • Default Conversion Price shall have the meaning set forth in Section 4(b).

  • Conversion Date shall have the meaning set forth in Section 4(a).

  • Forced Conversion Notice has the meaning set forth in Section 4.05(c) hereof.

  • Final Conversion Date means 5:00 p.m. in New York City, New York on the earlier to occur following the IPO of (i) the first Trading Day falling on or after the date on which the outstanding shares of Class B Common Stock represent less than ten percent (10%) of the aggregate number of shares of the then outstanding Class A Common Stock and Class B Common Stock, (ii) the tenth (10th) anniversary of the IPO or (iii) the date specified by affirmative vote of the holders of a majority of the outstanding shares of Class B Common Stock, voting as a single class.

  • Automatic Conversion Date shall have the meaning specified in Section 15.12(a).

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

  • Make-Whole Fundamental Change Conversion Period has the following meaning:

  • Continuation/Conversion Notice means a notice of continuation or conversion and certificate duly executed by an Authorized Officer of the Borrower, substantially in the form of Exhibit C hereto.

  • Form of Notice of Conversion means the “Form of Notice of Conversion” attached as Attachment 1 to the Form of Note attached hereto as Exhibit A.

  • Forced Conversion Notice Date shall have the meaning set forth in Section 6(d).