Conversion Conditions means the following:
Conversion Conditions shall have the meaning set forth in Section 8.1(c) hereof.
Conversion Conditions means the shares of Common Stock are listed on an Approved Market and trade with a Closing Price of at least 250% of the Conversion Price then in effect for a period of 20 Trading Days out of 30 consecutive Trading Days on average trading volume of not less than 50,000 shares per day over the subject 30-day trading period (as adjusted ratably for stock splits, reclassifications and other like kind events affecting the Common Stock).
Examples of Conversion Conditions in a sentence
Conversion of the Notes to Ordinary Shares on this date is subject to satisfaction of the Scheduled Conversion Conditions – see Section 2.2.3.
I further direct the credit reporting agency to which Lender delivers a copy of this authorization to furnish the credit report to Lender.
If the Ordinary Share price deteriorates significantly and never recovers, it is possible that the Mandatory Conversion Conditions will never be satisfied and, if this occurs, Notes will never Convert.
Conversion on account of the occurrence of a Trigger Event is not subject to the matters described in clause 4.3 as Mandatory Conversion Conditions.
Conversion on the Capital Trigger Event Conversion Date will not be subject to the Conversion Conditions.
More Definitions of Conversion Conditions
Conversion Conditions shall have the meaning set forth in Article II, Paragraph F, Section 5(a).
Conversion Conditions is defined in Section 4.3.
Conversion Conditions shall have the meaning ascribed to that term in Section 6.1 of this Loan Agreement.
Conversion Conditions means those conditions set forth in the DIP Credit Agreement regarding the conversion of the DIP Financing Facility into the consideration set forth in this Plan.
Conversion Conditions means the conditions set forth in Section 4.02.
Conversion Conditions means unsecured indebtedness or preferred equity meeting the following criteria: (i) a maturity date no earlier than the maturity date of the Senior Loan and Senior Junior Loan (if applicable), (ii) a principal amount equal to or less than the principal amount plus accrued interest and all other amounts due and unpaid in respect of the Junior Loan being converted, (iii) a current-pay interest rate, or current-pay rate of return, as applicable, equal to or less than the interest rate on the Junior Loan being converted, (iv) other economic terms substantially similar to the Junior Loan being converted, (v) no creation of a Lien on the Premises or any other collateral for the Senior Loan or any Senior Junior Loan (if applicable), (vi) subordinate by its terms to the Senior Loan and each Senior Junior Loan (if applicable), and, if requested by Senior Lender or any Senior Junior Lender (if applicable), a replacement intercreditor agreement is entered into on terms substantially similar to this Agreement, (vii) if such transaction results in a change to Borrower’s ownership structure such that any new party holds more than a forty nine percent (49%) (direct or indirect) interest in Borrower, if requested by Senior Lender or any Senior Junior Lender (if applicable), delivery within ten (10) Business Days of the applicable conversion of an Additional Insolvency Opinion to Senior Lender and Senior Junior Lender (if applicable) with respect thereto, (viii) if any Certificates are outstanding and rated by at least one Rating Agency, obtaining a Rating Agency Confirmation relating thereto, (ix) if, after the applicable conversion, the converting Junior Lender possesses, directly or indirectly, the power to direct or cause the direction of the management or policies of Borrower or Senior Junior Borrower, whether through the ability to exercise voting power, by contract or otherwise (as opposed to veto rights in connection with major decisions), delivery to Senior Lender and each Senior Junior Lender (if applicable) of supplemental Third Party Agreements from one or more Supplemental Third Party Obligors in respect of each Third-Party Agreement then constituting a Senior Loan Document or a Senior Loan Document, as applicable, and in each case in a form substantially similar to the respective original Third Party Agreement that it is replacing as to obligations arising in respect of acts or omissions first occurring from and after the date of the conversion of the Junior...
Conversion Conditions has the meaning specified in Section 4.03.