Initial Convertibility Date definition

Initial Convertibility Date means the date that is the earliest of (i) the date that one or more Registration Statement(s) (as defined in the Registration Rights Agreement) has been declared effective, (ii) the date as of which Conversion Shares may be sold pursuant to Rule 144 promulgated under the Securities Act and (iii) the date on which the Company obtained the approval of its stockholders for the Reverse Merger, but in no event prior to the day after the record date for holders of Common Stock to receive the Initial Dividend so long as such record date is not later than ten (10) days prior to the date of the Stockholder Meeting (as defined in the Securities Purchase Agreement).
Sample 1Sample 2Sample 3
Initial Convertibility Date means the fifth anniversary of the Issue Date.
Sample 1Sample 2Sample 3
Initial Convertibility Date means the fifth anniversary of the Issue Date. "Initial Market Price" shall mean $17.75 per share, and shall be proportionately adjusted for any: (i) dividend or distribution made on the Common Stock in shares of Common Stock; (ii) subdivision of the Common Stock into a greater number of shares; (iii) combination of the Common Stock into a smaller number of shares; or (iv) issuance of shares of capital stock by reclassification of the Common Stock. "Issue Date" shall mean the first date on which shares of Series E Preferred Stock are issued. "Liquidation Preference" shall have the meaning set forth in paragraph (a) of Section (4). "Mandatory Redemption Date" shall have the meaning set forth in paragraph (b) of Section (5). "Mandatory Redemption Price" shall have the meaning set forth in paragraph (b) of Section (5). "Minimum Price" shall have the meaning set forth in paragraph (d)(ii) of Section (7). "Nasdaq Stock Market" shall mean the National Market System of the National Association of Securities Dealers, Inc. Automated Quotation System. "Optional Redemption Date" shall have the meaning set forth in paragraph (a) of Section (5). "Optional Redemption Price" shall have the meaning set forth in paragraph (a) of Section (5). "Person" shall mean any individual, firm, partnership, joint venture, corporation, limited liability company, association or other entity, and shall include any successor (by merger or otherwise) of such entity. "Redemption Date" shall have the meaning set forth in paragraph (c) of Section (5). "Redemption Notice" shall have the meaning set forth in paragraph (c) of Section (5). "Redemption Price" shall have the meaning set forth in paragraph (c) of Section (5). 52
Sample 1

Examples of Initial Convertibility Date in a sentence

  • Subject to the provisions of Section 2(f), at any time or times on or after the Initial Convertibility Date, any Holder shall be entitled to convert any whole number of Preferred Shares into fully paid and nonassessable shares of Common Stock in accordance with Section 2(c) at the Conversion Rate (as defined below).

  • Subject to the provisions of Section 3(d), at any time or times on or after the Initial Convertibility Date, the Holder shall be entitled to convert all or any portion of the outstanding and unpaid Conversion Amount into fully paid and nonassessable shares of Common Stock in accordance with Section 3(c), at the Conversion Rate (as defined below).

  • On or after the Initial Convertibility Date, Preferred Shares shall be convertible into shares of the Company's Common Stock, par value $0.005 per share (the "Common Stock"), on the terms and conditions set forth in this Section 2.

  • At any time or times after the first (1st) Trading Day following the Pricing Date (as defined in Section 3(b)(ii)) (the "Initial Convertibility Date"), this Note shall be convertible into shares of Common Stock, on the terms and conditions set forth in this Section 3.

  • Subject to the provisions of Section 3(d), at any time or times on or after the Initial Convertibility Date, the Holder shall be entitled to convert any portion of the outstanding and unpaid Conversion Amount (as defined below) into validly issued, fully paid and non-assessable shares of Common Stock in accordance with Section 3(c), at the Conversion Rate (as defined below).

  • On or after the Initial Convertibility Date, Preferred Shares shall be convertible into shares of the Company's Common Stock, par value $0.001 per share (the “Common Stock”), on the terms and conditions set forth in this Section 2.

  • Series F Preferred Stock may not be redeemed by the Corporation prior to the Initial Convertibility Date.

  • Series E Preferred Stock may not be redeemed by the Corporation prior to the Initial Convertibility Date.

  • To convert any Conversion Amount into shares of Common Stock on any date following the Initial Convertibility Date (a “Conversion Date”), the Holder shall deliver (whether via facsimile, electronic mail or otherwise), for receipt on or prior to 11:59 p.m., New York time, on such date, a copy of an executed notice of conversion in the form attached hereto as Exhibit I (a “Conversion Notice”) to the Company.

  • At any time after the Initial Convertibility Date, this Note shall be convertible into validly issued, fully paid and non-assessable shares of Common Stock (as defined below), on the terms and conditions set forth in this Section 3.


More Definitions of Initial Convertibility Date

Initial Convertibility Date means the date the Company obtains the Principal Market’s approval of the transactions contemplated by the Transaction Documents and the Stockholder Approval.
Sample 1

Related to Initial Convertibility Date

  • Optional Conversion Date means, with respect to the Optional Conversion of any Convertible Preferred Stock, the first Business Day on which the requirements set forth in Section 10(d)(ii) for such conversion are satisfied.

  • 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).

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

  • Initial Conversion Price has the meaning specified in Section 13.01.

  • Judgment Conversion Date as defined in subsection 10.8(a).

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

  • 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).

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

  • Automatic Early Redemption Date means each Automatic Early Redemption Date specified in the relevant Final Terms.

  • Term Loan Conversion Date means the Termination Date on which all Revolving Credit Advances outstanding on such date are converted into a term loan pursuant to Section 2.06.

  • Series A Conversion Rate means, as adjusted pursuant to Section 5.8(b)(vi)(E), the number of Common Units issuable upon the conversion of each Series A Preferred Unit, which shall be the quotient of (a) the sum of (i) the Series A Issue Price, plus (ii) any Series A Unpaid Distributions on the applicable Series A Preferred Unit, plus (iii) only for purposes of the definition of “Series A COC Conversion Rate,” any Series A Partial Period Distributions on the applicable Series A Preferred Unit, divided by (b) the Series A Issue Price.

  • 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.

  • Continuation/Conversion Date means the date on which a Loan is converted into or continued as a LIBOR Rate Loan.

  • 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.

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

  • Forced Conversion Amount means the sum of (a) 100% of the aggregate Stated Value then outstanding and (b) all liquidated damages and other amounts due in respect of the Preferred Stock.

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

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

  • Automatic Early Redemption Event means that:

  • Series A Conversion Price shall initially be equal to $0.71. Such initial Series A Conversion Price, and the rate at which shares of Series A Preferred Stock may be converted into shares of Common Stock, shall be subject to adjustment as provided below.