Examples of Forced Conversion in a sentence
Fractional Common Units shall not be issued to any Person pursuant to this Section 5.8(b)(vi)(B) (each fractional Common Unit shall be rounded down with the remainder being paid an amount in cash based on the Closing Price of Common Units on the Trading Day immediately preceding the date on which a Series A Forced Conversion Notice under Section 5.8(b)(vi)(C)(2) is sent (a “Series A Forced Conversion Notice Date”)).
These information rights will terminate upon the conversion or Forced Conversion of the Debenture.
The conversion of the Debenture in Common Shares is deemed to have been completed on the date of the Conversion, the date of the Early Conversion, the Change of Control Date or the date of the Forced Conversion or the date on which the Notice of Conversion is received by the Issuer.
In addition to the Common Shares to be issued to the Holder in the event of a Forced Conversion, the Holder shall receive, for each Common Share received in the event of a Forced Conversion, one half (1/2) Warrant of the Issuer, each full Warrant entitling the Holder to purchase one Common Share in the share capital of the Issuer at a price of $0.75 per Common Share for a period of 18 months from the date of issuance.
Within five (5) Business Days following the date of the Early Conversion, the date of the Forced Conversion, the Change of Control or the day on which the Notice of Conversion is received by the Issuer, the Issuer shall issue and deliver or have issued and delivered to the Holder or according to the Holder’s instructions, one or many share certificates registered to the Holder’s name and representing the number of Common Shares the latter is entitled to.