Conversion of Capital Sample Clauses

The Conversion of Capital clause defines the process by which one form of capital, such as debt or preferred shares, can be converted into another form, typically common equity. This clause outlines the specific conditions, timing, and conversion ratios that govern how and when the conversion may occur, often triggered by certain events like a financing round or at the holder's discretion. Its core function is to provide a clear mechanism for changing the structure of a company's capital, thereby offering flexibility to investors and companies while ensuring all parties understand the terms and implications of such conversions.
Conversion of Capital. As of the Effective Time, by virtue of the Merger and without any action on the part of the holder of any membership interests of Kino or capital stock of the Surviving Entity:
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Conversion of Capital. Stock Section 2.1
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Conversion of Capital. STOCK Section 3.1 Conversion of Stock......................................6 Section 3.2 [Intentionally omitted]..................................6 Section 3.3
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Conversion of Capital. Stock As of the Effective Time, by virtue of the Merger and without any action on the part of the holders of shares of common stock, no par value, of the Merging Corporation (the "Merging Corporation Common Stock"), or the holders of the shares of the common stock, par value $.001 per share, of the Purchaser (the "Purchaser Common Stock"); (a) Common Stock of Purchaser. Each share of Purchaser Common Stock issued and outstanding immediately prior to the Effective Time shall be converted into one validly issued, fully paid and nonassessable share of common stock, par value $.001 per share, of the Surviving Corporation, which shall be all of the issued and outstanding capital stock of the Surviving Corporation.
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Conversion of Capital. At the Effective Time, by virtue of the Merger and without any action on the part of the holder thereof: (a) Capital Stock of SC. Each issued and outstanding ordinary share, par value $0.01 per share, of SC ("SC Common Stock") shall be converted into and become one fully paid and nonassessable ordinary share, par value $0.01 per share, of the Surviving Corporation ("Surviving Corporation Common Stock"). Each certificate representing outstanding shares of SC Common Stock shall at the Effective Time represent an equal number of shares of Surviving Corporation Common Stock.
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Conversion of Capital 
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Related to Conversion of Capital

  • Conversion of Capital Stock At the Effective Time, by virtue of the Merger and without any action on the part of Parent, Merger Sub, the Company or the holder of any shares of capital stock of Merger Sub or the Company:

  • Issuance of Capital Stock Except for (a) any transaction pursuant to an Unsolicited Proposal that Maker accepts in accordance with the fiduciary exception provided in Section 3.2 of the Recapitalization Agreement or (b) shares of capital stock issuable upon exercise or conversion of warrants or convertible securities outstanding prior to February 1, 2004, Maker shall not without Holder's prior written approval: (i) issue any shares of capital stock or other securities, or any instruments exercisable for or convertible into capital stock or other securities, or (ii) make any promises, commitments, undertakings, agreements or letters of intent for any of the issuances described in (i) hereof.

  • Valid Issuance of Capital Stock The total number of shares of all classes of capital stock which the Company has authority to issue is 100,000,000 shares of Common Stock and 1,000,000 shares of preferred stock, $0.0001 par value per share (“Preferred Stock”). As of the date hereof, the Company has issued and outstanding 5,750,000 shares of Common Stock (of which up to 750,000 shares are subject to forfeiture as described in the Registration Statement) and no shares of Preferred Stock. All of the issued shares of capital stock of the Company have been duly authorized, validly issued, and are fully paid and non-assessable.

  • Return of Capital The liquidators shall not be personally liable for the return of Capital Contributions or any portion thereof to the Members (it being understood that any such return shall be made solely from Company assets).

  • Description of Capital Stock The authorized capital stock of the Company conforms as to legal matters to the description thereof contained in the Prospectus.