Total Number of Conversion Shares definition
Total Number of Conversion Shares means, as of the time of determination thereof, and subject to increase pursuant to Section D.2(a)(viii) of this Article Fourth, the aggregate number of Class P Shares that may be issued upon conversion in full of all shares of a particular Series that are outstanding as of such date. The Total Number of Conversion Shares for each Series initially shall be the number set forth below and shall be reduced by the cumulative number of Class P Shares that are issued upon conversion of any shares of such Series in accordance with the provisions of Section D of this Article Fourth:
Total Number of Conversion Shares means the quotient obtained by dividing (i) the amount of then-outstanding principal (but none of the accrued interest) under this Note, by (ii) the Discounted Purchase Price.
Total Number of Conversion Shares means, as of the time of determination thereof, and subject to increase pursuant to Section D.2(a)(viii) of this Article Fourth, the aggregate number
More Definitions of Total Number of Conversion Shares
Total Number of Conversion Shares is equal to the quotient obtained by dividing (A) the Outstanding Balance by (B) the Series B Price, rounded down to the nearest whole share.