Mandatory Conversion Condition
Mandatory Conversion Condition. As of a particular date, each of the following: (i) the Reserved Amount (as defined in the Securities Purchase Agreement) is not less than (x) the number of Conversion Shares issuable upon the conversion in full of the Preferred Shares then outstanding (at the Conversion Price in effect on such date and without regard to any limitation on such conversion) plus (y) the number of Warrant Shares issuable upon the exercise in full of the Warrants (without regard to any limitation on such exercise);...
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VERITEQ contract