Examples of B-1 Conversion Date in a sentence
On any Class B-1 Conversion Date, Class B-2 Conversion Date, Class B-3 Conversion Date or Class B-4 Conversion Date (hereinafter referred to as a "Conversion Date"), a number of the shares held in the sub-account of the holder of record of the corresponding Class B shares being converted, calculated in accordance with the next following sentence, shall be converted automatically, and without any action or choice on the part of the holder thereof, into Class A shares of the same Series.
On and after the B-1 Conversion Date, each Lender which has had an increase in outstanding B-1 Term Loans as a result of the B-1 Conversion shall be entitled to receive a new B-1 Term Note evidencing all its then outstanding B-1 Term Loans; provided that if a B-1 Term Note or B-2 Term Note has previously been issued to such Lender, such Lender shall surrender such Note or Notes to the Borrower or provide it with a customary lost note indemnity.
The date on which the principal and interest underlying the Loan shall be converted into Series B Stock shall be referred to as the "B-1 Conversion Date." BANK GUARANTY: Edgewater shall provide a $1,000,000 guaranty to assist the Company in establishing a secured line of credit.
On any Class B Conversion Date, Class B-1 Conversion Date, Class B-2 Conversion Date, Class B-3 Conversion Date or Class B-4 2 Conversion Date (hereinafter referred to as a "Conversion Date"), a number of the shares held in the sub-account of the holder of record of the share or shares being converted, calculated in accordance with the next following sentence, shall be converted automatically, and without any action or choice on the part of the holder thereof, into Class A shares of the same Series.
On the third (3rd) anniversary of the Initial Issuance Date (the “Series B-1 Conversion Date”), if the Company has not delivered a Company Dividend Increase Optional Redemption Notice prior to such date, then the Company shall convert the amount of Series B Preferred Shares specified in the Dividend Increase Conversion Notice (as defined in Section 10(e)), if any, to shares of Series B-1 Preferred Stock as of the Series B-1 Conversion Date.
On any Class B Conversion Date, Class B-1 Conversion Date, Class B-2 Conversion Date or Class B-3 Conversion Date (hereinafter referred to as a "Conversion Date"), a number of the shares held in the sub-account of the holder of record of the share or shares being converted, calculated in accordance with the next following sentence, shall be converted automatically, and without any action or choice on the part of the holder thereof, into Class A shares of the same Series.
The person in whose name the Common Stock certificate is registered shall be treated as the stockholder of record on and after the Series B-1 Conversion Date.
On any Class B-1 Conversion Date, Class B-2 Conversion Date or Class B-3 Conversion Date (each hereinafter referred to as a "Conversion Date"), a number of the Shares held in the sub-account of the holder of record of the corresponding Sub-Class of Class B Common Stock being converted, calculated in accordance with the next following sentence, shall be converted automatically, and without any action or choice on the part of the holder thereof, into Shares of the Class A Common Stock.
On any Class B-1 Conversion Date, Class B-2 Conversion Date, Class B-3 Conversion Date or Class B-4 Conversion Date (hereinafter referred to as a Conversion Date), a number of the shares held in the sub-account of the holder of record of the corresponding Class B shares being converted, calculated in accordance with the next following sentence, shall be converted automatically, and without any action or choice on the part of the holder thereof, into Class A shares of the same Series.
On any Class B-1 Conversion Date, Class B-2 Conversion Date or Class B-3 Conversion Date (hereinafter referred to as a "Conversion Date"), a number of the shares held in the sub-account of the holder of record of the corresponding Class B shares being converted, calculated in accordance with the next following sentence, shall be converted automatically, and without any action or choice on the part of the holder thereof, into Class A shares of the same Series.