As If Converted Basis definition

As If Converted Basis means as if all instruments, options or securities issued and allotted by the Company had been converted into Equity Shares of the Company in accordance with the terms of its issuance;

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As If Converted Basis means a calculation assuming that all Dilution Instruments existing at the time of determination have been exercised or converted into Equity Shares, excluding any options issued or reserved for issuance under any stock option plan or scheme by whatever name called of the Company.

As If Converted Basis means, with respect to any Ordinary Share Equivalents held by any member of the Company, the number of Ordinary Shares that would be held thereby upon the exchange, conversion or exercise of such Ordinary Share Equivalents, including, without limitation any issued and outstanding Notes and the Preferred Shares.

Examples of As If Converted Basis in a sentence

From and after the First Completion Date, the voting rights of every Shareholder on every resolution placed before the Company shall, to the extent permissible under Applicable Law, be one vote per 0.001 of a share on an As If Converted Basis.
If more than one Principal Investor exercises the right to subscribe to such unsubscribed portion, the Board shall allocate the same to such Principal Investors pro-rata based on their inter-se shareholding on an As If Converted Basis.
The holders of Series B CCPS shall be entitled to attend meetings of all Shareholders of the Company and will be entitled to such voting rights on an As If Converted Basis, as may be permissible under Applicable Law.
With respect to Band C above, the number of Shares shall in the case of a Preferential Issue of securities or rights convertible into, or entitling the holder thereof to receive directly or indirectly upon exercise or otherwise, Equity Shares, be calculated on an As If Converted Basis.
The Series B1 CCPS shall carry a pre-determined cumulative dividend rate of 0.01% (Zero point Zero One percent) per annum on an As If Converted Basis.

More Definitions of As If Converted Basis

As If Converted Basis at any time, means that all Convertible Debentures outstanding at that time will be deemed to have been fully converted, in accordance with the rights, privileges, restrictions and conditions attached thereto, into Common Shares and the Common Shares issuable as a result thereof will be deemed to have been issued and to form part of the holdings of the person entitled to receive such Common Shares;

As If Converted Basis means the number of Equity Shares of the Company, calculated as if the then issued and outstanding relevant Share Equivalents had been exercised in full. Provided that each of the CCDs and Proparco CCPS will not be taken into consideration in the calculation of As If Converted Basis, till such time that they have not been transferred to a third party (not being an Affiliate of IFC, DEG or Proparco, as the case may be) in accordance with the terms of this Agreement.

As If Converted Basis means as if all instruments, options or securities issued and allotted by the Company had been converted into Equity

As If Converted Basis means on the basis that all instruments convertible into Equity Shares, including Series A Shares, Series Al Shares, Series A2 Shares, Series B Shares and the Series C Shares, have been converted into Equity Shares on the terms set forth herein at the Conversion Ratio then in effect;

As If Converted Basis means a calculation assuming that all Equity Securities existing at the time of determination have been exercised or converted into Shares, excluding (i) any unexercised right to subscribe whether under these Articles or any other document and (ii) any unexercised options issued or reserved for issuance under any stock option plan or scheme by whatever name called.

As If Converted Basis means on the basis as if the Preference Shares have been converted into Equity Shares in accordance with their terms (as prevailing at the relevant point in time);

As If Converted Basis means a calculation that is to be made assuming that all Securities existing at the time of determination have been exercised or converted into Equity Shares (in accordance with the conversion terms as applicable on the relevant date of determination); provided, however, that such calculation shall exclude: (i) any options issued or reserved for issuance under any stock option plan or scheme by whatever name called of the Company, (ii) any warrants issued by the Company, until such time as such warrants are converted into Equity Shares, and (iii) any partly paid securities (including the Promoter Partly Paid Shares) issued by the Company, until such time as such partly paid securities are fully paid up in accordance with the terms thereof.

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