Common use of Fully Diluted Basis Clause in Contracts

Fully Diluted Basis. The term “Fully Diluted Basis” shall mean, with respect to the Person in question, the sum of: (a) the aggregate number of issued and outstanding shares of capital stock or other equity interests of such Person at any point in time, plus (b) such additional shares of capital stock or other equity interests that would be issued and outstanding on a fully-diluted basis, assuming: (i) the conversion into capital stock (whether Class A Common Stock or preferred stock, including without limitation, Class A Common Stock, Class B Class A Common Stock and Series A Preferred Stock) of all securities issued by such Person, or (ii) the exercise of all options, warrants or other rights entitling any holder to purchase shares of capital stock or other equity interests of such Person.