Conversion Process. In the event of the conversion of this Note pursuant to this Section 8: (i) Lender agrees to surrender this Note for conversion and deliver the attached form of notice of conversion and (ii) Borrower shall, at its sole cost and reasonably promptly following such delivery (but in no event later than three business days after delivery of those items referenced in Section 8(b)(i)), issue and deliver certificates representing the requisite number of fully paid and non-assessable shares of common stock and any balance note (to the extent all amounts owing under this Note are not so converted) and shall pay to Holder cash in an amount equal to that portion of the principal balance, if any, that would otherwise convert into a fractional share of common stock pursuant to this Section 8.
Conversion Process. Before any holder of Non-Voting Ordinary Shares shall be entitled to convert any Non-Voting Ordinary Shares into Ordinary Shares, such holder shall (A) surrender the certificate or certificates therefor (if any), duly endorsed, at the principal corporate office of the Company or the registered office provider for the Non-Voting Ordinary Shares, and (B) provide written notice to the Company, during regular business hours at its principal corporate office, of such conversion election (in form satisfactory to the Company) and shall state therein the name or names (i) in which the certificate or certificates representing the Ordinary Shares into which the Non-Voting Ordinary Shares are so converted are to be issued (if such Ordinary Shares are certificated) or (ii) in which such Ordinary Shares are to be registered in book-entry form (if such Ordinary Shares are uncertificated). If the Ordinary Shares into which the Non-Voting Ordinary Shares are to be converted are to be issued in a name or names other than the name of the holder of the Non-Voting Ordinary Shares being converted, such notice shall be accompanied by a written instrument or instruments of transfer, in form satisfactory to the Company, duly executed by the holder.
Conversion Process. To convert a Note, the Investor must (i) complete and sign a conversion notice substantially in the form attached hereto as Annex I, (ii) surrender the Note to the Company, (iii) furnish appropriate endorsements or transfer documents if required by the Company and (iv) pay any transfer or similar tax, if required. By converting this Note, the Investor shall be deemed to be confirming the accuracy of the representations and warranties set forth in Sections 7(d) and (e) of the Purchase Agreement with respect to such Investor as of the date the conversion notice is submitted to the Company. In the case of a conversion by the Investor of less than the entire unpaid principal balance of this Note (together with all accrued and unpaid interest thereon) for the Common Stock, the Company shall cancel this Note and execute and deliver a new Note of like tenor for the balance of the unpaid principal balance upon the date of such conversion. Upon the conversion of all or a portion of this Note (together with all accrued and unpaid interest thereon) for Common Stock, the obligations of the Company under this Note shall be satisfied to the extent the Note is so converted.
Conversion Process. 5.2.1 If the Investor intends to request any Conversion, it shall, during the Exercise Period, send to the Target a written notice requesting the Conversion (“Conversion Notice”) which shall state the amount of the Investment Funds to be converted, name of the Investor initiating the Conversion, name of the Conversion Group Company and other key terms.
Conversion Process. For purposes of these --------------------- Securities, the "CONVERSION DATE" shall be deemed to be the date on which the CORPORATION OR ITS TRANSFER AGENT has received by telecopy the executed and completed Conversion Documents (as defined below). For purposes of Conversion of the Securities, the Current Market Price per share is calculated at the close of the NASDAQ Stock Market on each trading day. In order for the Conversion Price to be accepted based on the previous day's Current Market Price, a fax copy of the executed Notice of Conversion must be received at the offices of the CORPORATION OR ITS TRANSFER AGENT PRIOR TO 4:00PM EASTERN TIME. All Notices of Conversion received after 4:00pm Eastern Time at the offices of the CORPORATION OR ITS TRANSFER AGENT will be priced at the new Current Market Price which will include that day's closing bid price. Such conversion by the HOLDER shall be effected by surrendering to the Transfer Agent (with a copy of all documents, by facsimile or courier, to the CORPORATION OR ITS TRANSFER AGENT) the following documents (the "CONVERSION DOCUMENTS"): (i) the Securities to be converted duly endorsed (or accompanied by executed stock powers); (ii) a copy of the HOLDER'S Corporate Resolution (if a corporation) authorizing such conversion; and (iii) a Notice of Conversion specifying the number of shares to be converted (the "NOTICE OF CONVERSION"), executed by the HOLDER of these Securities. In order to convert the Securities, the duly endorsed original Conversion Documents must be delivered by express courier to the Transfer Agent within Three (3) NASDAQ Trading Days after the Conversion Date. If the original shares of Securities to be converted are not received by the Transfer Agent within five business days after the Conversion Date, the Notice of Conversion shall, at the option of the CORPORATION, become null and void.
Conversion Process. If the Holder decides to exercise the conversion rights hereunder, the Holder shall send a written conversion request notice to the Company during the applicable notice period pursuant to Section 4(b) hereof. The Company shall take all necessary and appropriate actions as promptly as possible to convert the applicable portion of the outstanding Principal Amount owing under this Note into the Conversion Shares. Upon such conversion, the Holder shall surrender this Note to the Company.
Conversion Process. At each work location, the Employer shall make available a seniority roster no later than September 14, 1997. A copy shall also be provided to the Ohio Labor Council at the same time. Within forty five (45) days ( no later than November 15, 1997), the Labor Council shall submit any changes to the labor relations sections of each agency. The parties will meet to resolve any discrepancies. All discrepancies and appeals shall be resolved by December 20, 1997. All corrections made during this conversion process shall be final and binding. Seniority disputes, individual or general, previously resolved shall not be affected by the process. A finalized roster shall be posted prior to the conversion date. Any corrections made through this process will only apply prospectively. Therefore, any personnel actions/contractual rights effectuated/exercised prior to the effective date shall not be altered by this process.
Conversion Process. 8.1 Subject to clause 6, at any time one calendar month following the Drawdown Date and up to and including the Repayment Date, the Lender (Converting Lender) may require the Borrower to register a 49% interest in the Licence in favour of the Lender will temporarily xxxxx the Borrower’s obligation to repay the whole of the outstanding Converting Lender’s Loan (but not part thereof) by delivering to the Borrower a Conversion Notice up to the Repayment Date. This obligation to repay the Loan subsequent of the service of the Conversion notice will be held in abeyance until the Lender elects to provide the Borrower with the Final Amount in exchange for an Unencumbered Interest. Should the Lender fail to issue a notice in substantially the same form as Schedule 4, the Initial amount will be repayable by the Borrower to the Lender on the Repayment Date.
Conversion Process. 3.1 In accordance with the Conversion formulae set out under the Pelawan SPV Plateau B2 Preference Share Terms, the Pelawan SPV Plateau B3 Preference Share Terms and the Conversion Implementation Agreement, the Market Value of the Anooraq Common Shares will determine inter alia:
Conversion Process. (i). Upon conversion, Xxxxxx shall immediately surrender this Note at the office of the Company in its entirety. Thereupon, the Company shall promptly issue and deliver at such office to Lender a certificate for the number of shares of equity securities to which Lender shall be entitled. No partial conversion of this Note shall be permitted.
