Mandatory Conversion Date Sample Clauses
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Mandatory Conversion Date. Upon the occurrence of a Mandatory Conversion Date for a particular series of Class A Shares, all of the corresponding Class B Shares of such series shall fully vest automatically and cease to be subject to forfeiture. At the close of business on May 31, 2015, all Class B Shares held by each Class B Shareholder whose employment with the Company and its Subsidiaries has not terminated (or held by any Permitted Transferees of such Class B Shareholder (with respect to Class B Shares attributable to such Class B Shareholder)) shall fully vest automatically and cease to be subject to forfeiture and shall be converted into Class P Shares in accordance with Section D.1 of Article Fourth of the Charter.
Mandatory Conversion Date. The Mandatory Conversion Date for any Mandatory Conversion will be a Business Day of the Company’s choosing that is no more than twenty (20), nor less than ten (10), Business Days after the Mandatory Conversion Notice Date for such Mandatory Conversion.
Mandatory Conversion Date. If on or after the third anniversary of the Original Issuance Date (such date as selected by the Corporation being the "Mandatory Conversion Date"), there remain issued and outstanding any shares of Series F Convertible Preferred Stock, then the Corporation shall be entitled to require all (but not less than all) holders of shares of Series F Convertible Preferred Stock then outstanding to convert their shares of Series F Convertible Preferred Stock into shares of Common Stock or, at the option of the Corporation, to buy out all such holders in cash, at the price set forth in Paragraph 5(a). The Corporation shall provide written notice (the "Mandatory Conversion Notice") to the holders of shares of Series F Convertible Preferred Stock of such mandatory conversion or such mandatory buy-out. The Mandatory Conversion Notice shall include (i) the Stated Value of the shares of Series F Convertible Preferred Stock to be converted or bought out, (ii) the Conversion Price at the Mandatory Conversion Date, and (iii) the number of shares of the Corporation's Common Stock to be issued (or the amount of cash to be paid in the event of a buy-out) upon such mandatory conversion or such mandatory buy-out at the then applicable Conversion Price. Notwithstanding the foregoing, in no event shall the Corporation convert that portion of the Series F Convertible Preferred Stock to the extent that the issuance of Common Stock upon the conversion of such Series F Convertible Preferred Stock, when combined with shares of Common Stock received upon other conversions of Series F Convertible
Mandatory Conversion Date. The term “Mandatory Conversion Date” shall have the meaning specified in Section 14.3.
Mandatory Conversion Date. If on or after the third anniversary of the Original Issuance Date (such date as selected by the Corporation being the "Mandatory Conversion Date"), there remain issued and outstanding any shares of Series C Convertible Preferred Stock, then the Corporation shall be entitled to require all (but not less than all) holders of shares of Series C Convertible Preferred Stock then outstanding to convert their shares of Series C Convertible Preferred Stock into shares of Common Stock or, at the option of the Corporation, to buy out all such holders in cash, at the price set forth in Subparagraph 5(a). The Corporation shall provide written notice (the "Mandatory Conversion Notice") to the holders of shares of Series C Convertible Preferred Stock of such mandatory conversion or such mandatory buy-out. The Mandatory Conversion Notice shall include (i) the Stated Value of the shares of Series C Convertible Preferred
Mandatory Conversion Date. If on or after March 24, 2002 (such date as selected by the Corporation being the "Mandatory Conversion Date"), there remain issued and outstanding any shares of Series B Convertible Preferred Stock, then the Corporation shall be entitled to require all (but not less than all) holders of shares of Series B Convertible Preferred Stock then outstanding to convert their shares of Series B Convertible Preferred Stock into shares of Common Stock or, at the option of the Corporation, to buy out all such holders in cash, at the price set forth in Subparagraph 5(a)(A). The Corporation shall provide written notice (the "Mandatory Conversion Notice") to the holders of shares of Series B Convertible Preferred Stock of such mandatory conversion or such mandatory buy-out. The Mandatory Conversion Notice shall include (i) the Stated Value of the shares of Series B Convertible Preferred Stock to be converted or bought out, (ii) the Conversion Price at the Mandatory Conversion Date, and (iii) the number of shares of the Corporation's Common Stock to be issued (or the amount of cash to be paid in the event of a buy-
Mandatory Conversion Date. The second business day immediately following the last trading day of the 30 consecutive trading day period beginning on, and including, the 31st scheduled trading day immediately preceding June 1, 2024. The Mandatory Conversion Date is expected to be June 1, 2024. Initial Price: Approximately $26.00, which is equal to $100.00, divided by the Maximum Conversion Rate (as defined below). Threshold Appreciation Price: Approximately $31.20, which represents an approximately 20% appreciation over the Initial Price and is equal to $100.00, divided by the Minimum Conversion Rate (as defined below). Floor Price: $9.10 (approximately 35% of the Initial Price), subject to adjustment as described in the Convertible Preferred Share Preliminary Prospectus Supplement.
Mandatory Conversion Date. The Corporation shall not be required to issue any certificates representing the Series C Preferred Stock on or after any applicable Conversion Date or Mandatory Conversion Date. In place of the delivery of a replacement certificate following any applicable Conversion Date or Mandatory Conversion Date, the Registrar, upon delivery of the evidence and indemnity described in paragraph (a)(viii), shall deliver the shares of Common Stock pursuant to the terms of the Series C Preferred Stock formerly evidenced by the certificate.