Examples of Conversion Commencement Date in a sentence
If the Company exercises the Low Price Redemption Option, Holder may still convert any or all Preferred Units pursuant to the terms of Section 6(a) if Holder delivers a Conversion Notice prior to the Low Price Redemption Date and the Low Price Redemption Date occurs after the Conversion Commencement Date.
Shares of Series A Preferred Stock shall be convertible at any time and from time to time on or after the Conversion Commencement Date into fully paid and nonassessable shares of Common Stock at a conversion price of $19.50 per share of Common Stock (as such price may be adjusted from time to time, the "Conversion Price").
Shares of Series B Preferred Stock shall be convertible at any time and from time to time on or after the Conversion Commencement Date into fully paid and nonassessable shares of Common Stock at a conversion price of $20.90 per share of Common Stock (as such price may be adjusted from time to time, the "Conversion Price").
At any time on or after the Conversion Commencement Date, the Holder shall be entitled to convert all or any part of the Principal (and the Interest Amount thereon) or any Interest accrued hereunder into fully paid and nonassessable Shares (the “Conversion Shares”) in accordance with this Section 2 at the Conversion Rate (as defined in Section 2(b)).
Such dividends shall be payable by the Corporation in cash at the greater of (i) the rate of $2.125 per annum per share or (ii) the dividends (determined on each of the quarterly Series B Dividend Payment Dates referred to below) payable on the number of shares of Common Stock (or fraction thereof), into which a share of Series B Preferred Stock will be convertible on or after the Conversion Commencement Date.