Mandatory Conversion Preferred Shares

Mandatory Conversion Preferred Shares. Means a number of shares of Series C Preferred Stock equal to the product of (x) the Remaining Preferred Shares and (y) the quotient of (A) the Maximum Share Number and (B) the Required Number of Shares; provided that if the foregoing calculation yields zero or a number below zero, the Mandatory Conversion Preferred Shares shall equal zero; provided further that if the foregoing calculation yields a number in excess of the Remaining Preferred Shares, the Mandatory Conversion Preferred Shares... shall equal the Remaining Preferred Shares. View More