Examples of Conversion Approval in a sentence
Upon receipt of the Conversion Approval and compliance with Section 5.11(h), the terms of the Class B Units will be changed, automatically and without further action, so that each Class B Unit is converted into one Common Unit and immediately thereafter, none of the Class B Units shall be Outstanding.
The vote or consent required for the Conversion Approval shall be a Unit Majority or such other the requisite vote as may be required under the rules or staff interpretations of the National Securities Exchange on which the Common Units are listed or admitted for trading.
In cases where only a customer andthe 3D FCO specialist are on parity, the Enhanced Parity Split will have no effect.
Such conversion shall be deemed to have been made as of the Conversion Approval Date or, in the case of Section 5.11(i), the date of the effectiveness of such rule change (the “Conversion Effective Date”), and the Person entitled to receive the Common Units issuable upon such conversion shall be treated for all purposes as the record holder of such Common Units as of such date.
Applications for the strata conversion of a previously occupied dwelling shall follow the application process as outlined in CSRD Procedure PR-3 Previously Occupied Building Strata Conversion Approval Procedure (Section 242 Strata Property Act).