Note Conversion Shares definition

Note Conversion Shares means the shares of Common Stock issuable upon the conversion of the Convertible Note in accordance with Section 5 of the Convertible Note.

Note Conversion Shares. As defined in Section 1.

Note Conversion Shares shall have the meaning set forth in Section 8.3.

Examples of Note Conversion Shares in a sentence

• The number of Note Conversion Shares and Warrant Shares is subject to adjustment upon the occurrence of stock splits, recapitalizations and similar events occurring after the date hereof.

• The number of shares of Common Stock to be issued upon each conversion of this Note (the Note Conversion Shares) shall be determined by dividing the Conversion Amount by the Conversion Price in effect on the date (the Conversion Date) a Notice of Conversion is delivered to the Company by the Holder by facsimile or other reasonable means of communication dispatched prior to 5:00 p.m., New York Time.

• The Company has the requisite legal and corporate power and authority to own and operate its properties and assets, to carry on its business as presently conducted or proposed to be conducted, to execute and deliver the Transaction Documents, to issue and sell the Notes and the Note Conversion Shares, and the Warrants and the Warrant Shares, and to perform its obligations pursuant to the Transaction Documents.

• The Company has all requisite legal and corporate power and authority to execute and deliver this Agreement, to sell and issue the Note Conversion Shares hereunder, and to carry out and perform its obligations under the terms of this Agreement and the transactions contemplated hereby.

• Such Note Conversion Shares will also be free and clear of any liens or encumbrances; provided, however, that the Note Conversion Shares shall be subject to the provisions of this Agreement and restrictions on transfer under state and/or federal securities laws.

More Definitions of Note Conversion Shares

Note Conversion Shares means the shares of Common Stock underlying those certain convertible promissory notes in the aggregate principal amount of $3,000,000 (the “Merger Notes”), to be issued to those Purchasers who are to receive such convertible promissory notes at the closing of the Merger Agreement.

Note Conversion Shares means shares of Common Stock into which this Convertible Note is or may be converted.

Note Conversion Shares means the shares of Series A Preferred Stock issuable upon conversion of the Convertible Notes.”

Note Conversion Shares means an aggregate number, rounded down to the nearest whole number with respect to each recipient, of ListCo Class A Shares, to be issued in the form of ListCo Class A ADSs, equal to (a) the outstanding principal amount due in respect of the Convertible Notes, divided by (b) the applicable Conversion Price as defined in the applicable Convertible Note.

Note Conversion Shares has the meaning set forth in Section 3.4(b) of the Loan Agreement.

Note Conversion Shares has the meaning set forth in Section 5.

Note Conversion Shares shall have the meaning set forth in Section 1.1(b)(i) hereto.