Exercise of the Conversion Right Clause Samples

The "Exercise of the Conversion Right" clause defines how and when a party, typically a holder of convertible securities, can convert those securities into another form, such as shares of stock. This clause outlines the procedural steps required to initiate the conversion, such as providing written notice to the issuer and specifying the number of securities to be converted. Its core practical function is to ensure a clear and orderly process for converting securities, thereby preventing disputes and ensuring both parties understand their rights and obligations regarding conversion.
Exercise of the Conversion Right. The Conversion Right may be exercised by the Holder, at any time prior to its expiration, on any business day. Such exercise shall be effected by (a) the surrender of this Warrant and (b) delivery of the Notice of Conversion attached hereto as Exhibit B at the office of the Company.
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Exercise of the Conversion Right. Such exercise shall be effected by (a) the surrender of this Warrant at the principal office of the Company as set forth in Section 14.5 (or such other office or agency of the Company as may be designated by notice in writing to the Holder at the address of such Holder appearing on the books of the Company) and (b) delivery of the Notice of Conversion attached hereto as Exhibit B at the office of the Company.
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Exercise of the Conversion Right. The Conversion Right may be exercised by the Holder on any business day during the Exercise Period. Such exercise shall be effected by (a) the surrender of this Warrant and (b) delivery of the Notice of Conversion attached hereto as Exhibit B at the office of the Company.
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Exercise of the Conversion Right. For the exercise of the conversion right the Holder must declare the conversion (the "Conversion Declaration") by using the form to be obtained from the Issuer and make Additional Payments (pursuant to § 6 (2)). The exercise of the conversion right requires that the Bonds for which the conversion right is supposed to be exercised are submitted to the Issuer (if certificates have been issued). The declaration is irrevocable. The conversion will only become effective upon receipt of the Declaration and the Additional Payment by the Issuer.
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Exercise of the Conversion Right. Investor may exercise the Conversion Right, during the 90-day period immediately following the date that is 12 months following the Option Expiration Date, by giving a written notice to NII Telecom and NII Parent (such notice, the “Conversion Notice” and the date of such notice, the “Conversion Exercise Date”). The Conversion Notice will contain Investor’s determination of the Conversion Price.
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Exercise of the Conversion Right. The Conversion Right may -------------------------------- be exercised by the Holder, at any time prior to the Close of Business on the Expiration Date. Such exercise shall be effected by (i) delivery of the Notice of Conversion attached hereto as Exhibit B at the office --------- of the
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Related to Exercise of the Conversion Right

  • Exercise of Conversion Right To exercise the conversion right, the Holder of the Debenture shall surrender to the Company such Debentures, duly endorsed, accompanied by written Notice of Conversion to the Company in the form provided in this Debenture that the Holder elects to convert such Debenture, or if less than the entire principal amount thereof is to be converted, the specified portion. Debentures shall be deemed to have been converted immediately prior to the close of business on the day of surrender of such Debentures for conversion in accordance with the foregoing provisions, and at such time the rights of the Holders of such Debentures as Holders shall cease, and the person or persons entitled to receive the Common Stock issuable upon conversion shall be treated for all purposes as the record holder or holders of such Common Stock as and after such time. Within two days after the conversion date, the Company, without cost to the Holder, shall issue and deliver to Holder the converted Debenture or the person, specified by such Holder, a certificate for the number of full shares of Common Stock issuable upon conversion registered in the name of such Holder or such other person as shall have been specified by such Holder and all accrued and unpaid interest on the converted Debenture or portion there upon which the Holder does not elect to receive payment in Common Stock. Upon Conversion of this Debenture, the Company shall take all such actions as are necessary in order to insure that the Common Stock issuable with respect to such conversion shall be validly issued, fully paid and nonassessable. The Company shall not close its books against the transfer of Common Stock issued or issuable upon conversion of this Debenture in any manner that interferes with the timely conversion of this Debenture. The Company shall assist and cooperate with any Holder of this Debenture required to make any governmental filings or obtain any governmental approval prior to or in connection with the conversion of this Debenture (including, without limitation, making any filings required to be made by the Company). The conversion rights of any Debenture subject to redemption hereunder shall terminate on the Redemption Date for such Debenture unless the Company has failed to pay to Holder thereof the Redemption Price of such Debenture or portion thereof.

  • Conversion Right In lieu of exercising this Warrant as specified in Article 1.1, Holder may from time to time convert this Warrant, in whole or in part, into a number of Shares determined by dividing (a) the aggregate fair market value of the Shares or other securities otherwise issuable upon exercise of this Warrant minus the aggregate Warrant Price of such Shares by (b) the fair market value of one Share. The fair market value of the Shares shall be determined pursuant to Article 1.3.

  • Conversion Rights The Trustees shall have the authority to provide from time to time that the holders of Shares of any Series or Class shall have the right to convert or exchange said Shares for or into Shares of one or more other Series or Classes or for interests in one or more other trusts, corporations, or other business entities (or a series or class of any of the foregoing) in accordance with such requirements and procedures as may be established by the Trustees from time to time.

  • No Conversion Rights The Series A Preferred Units shall not be convertible into any other class or series of interest in the Partnership.

  • Exercise of Put Option Each Paying Agent shall make available to Noteholders during the period specified in Condition 9(g) (Redemption at the option of Noteholders), or such other period as may be specified in the relevant Final Terms applicable to the Notes, for the deposit of Put Option Notices forms of Put Option Notice upon request during usual business hours at its Specified Office. Upon receipt by a Paying Agent of a duly completed Put Option Notice and, in the case of a Put Option Notice relating to Definitive Notes, such Definitive Notes in accordance with Condition 9(g) (Redemption at the option of Noteholders), such Paying Agent shall notify the Issuer and (in the case of a Paying Agent other than the Fiscal Agent) the Fiscal Agent thereof indicating the certificate or serial numbers (if any) and principal amount of the Notes in respect of which the Put Option is exercised. Any such Paying Agent with which a Definitive Note is deposited shall deliver a duly completed Put Option Receipt to the depositing Noteholder and shall hold such Definitive Note on behalf of the depositing Noteholder (but shall not, save as provided below or in the Conditions, release it) until the Optional Redemption Date (Put), when it shall present such Definitive Note to itself for payment of the redemption moneys therefor and interest (if any) accrued to such date in accordance with the Conditions and Clause 7 (Payments to Noteholders) and pay such amounts in accordance with the directions of the Noteholder contained in the Put Option Notice; provided, however, that if, prior to the Optional Redemption Date (Put), such Definitive Note becomes immediately due and payable or upon due presentation of such Definitive Note payment of such redemption moneys is improperly withheld or refused, the relevant Paying Agent shall mail notification thereof to the depositing Noteholder at such address as may have been given by such Noteholder in the relevant Put Option Notice and shall hold such Note at its Specified Office for collection by the depositing Noteholder against surrender of the relevant Put Option Receipt. For so long as any outstanding Definitive Note is held by a Paying Agent in accordance with the preceding sentence, the depositor of the relevant Definitive Note, and not the relevant Paying Agent, shall be deemed to be the bearer of such Definitive Note for all purposes. Any Paying Agent which receives a Put Option Notice in respect of Notes represented by a Permanent Global Note shall make payment of the relevant redemption moneys and interest accrued to the Optional Redemption Date (Put) in accordance with the Conditions, Clause 7 (Payments to Noteholders) and the terms of the Permanent Global Note.