Conversion Restriction definition

Conversion Restriction means the requirement that unless a Holder holds Debentures having an aggregate amount that does not exceed $10,000, no more than 25% of the aggregate principal amount of Debentures held by such Holder may be converted by such Holder in any 180-day period.
Sample 1Sample 2Sample 3
Conversion Restriction has the meaning set forth in Section 6(c).
Sample 1Sample 2Sample 3
Conversion Restriction shall have the meaning set forth in Section 8(a).
Sample 1Sample 2Sample 3

Examples of Conversion Restriction in a sentence

  • Distributions are payable quarterly, subject to satisfaction of the Distribution Payment Conditions – see Section 2.1.9.2. Subject to satisfaction of the Optional Conversion Restriction – see Section 2.4.2.

  • The terms of the convertible bonds would not allow any conversion which would trigger a mandatory general offer under the Takeovers Code (the Conversion Restriction).

  • However, due to the occurrence of a Conversion Restriction Removal Reason, the shareholders may exercise such right on or after 22 May 2020.

  • Challenger may not elect Conversion as the Exchange Method if an Optional Conversion Restriction applies.

  • The Planned Allottee is not entitled to exercise the rights to request acquisition in exchange for common shares attached to the Class A shares until June 30, 2023 (inclusive), unless the Conversion Restriction Removal Event occurs.

  • Restrictions on exercising the right to request acquisition in exchange for common shares The Planned Allottee is not entitled to exercise the right to request acquisition in exchange for common shares attached to the Class A shares from the payment date until June 30, 2023 (inclusive), unless the Conversion Restriction Removal Event occurs.

  • Consideration of a Resolution of the Town Council of the Town of Hilton Head Island, South Carolina authorizing the execution and delivery of an agreement to provide Workforce housing, Conversion Restriction and Short Term Rental Restriction related to Real Property located on Gardner Drive on Hilton Head Island, South Carolina.

  • For clarity and certainty, the Trustee shall have no duty or responsibility to monitor or enforce the Conversion Restriction or to receive Schedule C with representations concerning the Conversion Restriction.

  • Their terms did not allow any conversion which would trigger a mandatory general offer under the Takeovers Code (the Conversion Restriction).

  • In case of occurrence of the Conversion Restriction Removal Event (defined in III.


More Definitions of Conversion Restriction

Conversion Restriction has the meaning set forth in the Certificate of Designation.
Sample 1Sample 2Sample 3
Conversion Restriction means a Debentureholder’s right to convert any portion of the principal amount of a Debenture into Common Shares at the Conversion Price in effect on the Date of Conversion, provided that, unless the aggregate principal amount of the Debentures held by such Debentureholder does not exceed $10,000, no more than 25% of the original aggregate principal amount of Debentures held by such Debentureholder may be converted in any 180 day period;
Sample 1Sample 2
Conversion Restriction has the meaning specified in Section 4.23.
Sample 1

Related to Conversion Restriction

  • Put Restriction means the days between the beginning of the Pricing Period and Closing Date. During this time, the Company shall not be entitled to deliver another Put Notice.

  • Conversion Rights means exchange of, or the rights to exchange, the Principal Amount of the Loan, or any part thereof, for fully paid and nonassessable Common Stock on the terms and conditions provided in the Debentures.

  • Transfer Restriction means any condition to or restriction on the ability of the Subscriber to pledge, sell, assign or otherwise transfer the Shares under any organizational document, policy or agreement of, by or with the Company, but excluding the restrictions on transfer described in paragraph 6(c) of this Subscription Agreement with respect to the status of the Shares as “restricted securities” pending their registration for resale or transfer under the Securities Act in accordance with the terms of this Subscription Agreement.

  • Conversion Right has the meaning set forth in Section 4.05(a) hereof.

  • Transfer Restriction Event shall have the meaning specified in Section 2.11.

  • SEC Restrictions has the meaning set forth in Section 2(b).

  • Series B Conversion Price means, as of the applicable Conversion Date, the greater of (A) the average of the Market Values of the Common Stock for the five consecutive Trading Days preceeding (but not including) such Conversion Date, or (B) the then effective Series B Minimum Conversion Price.

  • New Conversion Price means the amount determined in accordance with the following formula, which shall apply from the QTE Effective Date: NCP = ECP * (VWAPAES / VWAPOS) where:

  • Transfer Restrictions means restrictions that prohibit the sale, exchange, transfer, assignment, pledge, hypothecation, fractionalization, hedge or other disposal (including through the use of any cash-settled instrument), whether voluntarily or involuntarily by the Grantee, of an Award or any shares of Common Stock, cash or other property delivered in respect of an Award.

  • Interest Conversion Shares shall have the meaning set forth in Section 2(a).

  • Mandatory Conversion Date has the meaning set forth in Section 7(a).

  • Mandatory Conversion shall have the meaning set forth in Section 6.

  • Company Restricted Shares means shares of Company Common Stock granted under a Company Equity Plan, or issued upon “early exercise” of an option granted under a Company Equity Plan, that remain subject to one or more unsatisfied vesting or vesting-equivalent forfeiture or repurchase conditions.

  • Resale Restriction Termination Date shall have the meaning specified in Section 2.05(c).

  • Payment Restriction shall have the meaning set forth in Section 6.1.

  • Fixed Conversion Price shall have the meaning set forth in Section 4(b).

  • Company Restricted Share means each restricted share of Company Common Stock outstanding as of the Effective Time granted pursuant to any equity or compensation plan or arrangement of the Company.

  • Initial Conversion Price has the meaning specified in Section 13.01.

  • Company Conversion Price means, the lower of (i) the applicable Conversion Price and (ii) that price which shall be computed as 90% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the twenty (20) consecutive Trading Days immediately following the applicable Installment Date (each such period, a "Company Conversion Measuring Period"). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction that proportionately decreases or increases the Common Stock the applicable such Company Conversion Measuring Period.

  • Conversion condominium means a condominium containing structures which before the recording of the declaration, were wholly or partially occupied by persons other than those who have contracted for the purchase of condominium units and those who occupy with the consent of such purchasers.

  • Conversion Period means the period of time commencing on the eighth day after the Offer Date and terminating on the Expiry Date;

  • Automatic Conversion means the irrevocable and automatic release of all of the Company’s obligations under the Securities (other than the CSO Obligations, if any) in consideration of the Company’s issuance of the Conversion Shares at the Conversion Price to the Conversion Shares Depository (on behalf of the Holders and Beneficial Owners of the Securities) or to the relevant recipient of such Conversion Shares, all in accordance with the terms of the Securities.

  • Existing Transfer Restrictions means Transfer Restrictions existing with respect to any securities by virtue of the fact that Counterparty may be an “affiliate” of the Issuer (as such term is defined in Rule 144 under the Securities Act).

  • Default Conversion Price shall have the meaning set forth in Section 4(b).

  • Mandatory Conversion Notice has the meaning set forth in Section 4.7.C hereof.

  • Final Conversion Date means 5:00 p.m. in New York City, New York on the earlier to occur following the IPO of (i) the first Trading Day falling on or after the date on which the outstanding shares of Class B Common Stock represent less than ten percent (10%) of the aggregate number of shares of the then outstanding Class A Common Stock and Class B Common Stock, (ii) the tenth (10th) anniversary of the IPO or (iii) the date specified by affirmative vote of the holders of a majority of the outstanding shares of Class B Common Stock, voting as a single class.