Examples of Conversion Election in a sentence
A Conversion Election Notice, once delivered, shall be irrevocable unless otherwise agreed in writing by Borrower Representative.
If the Holder fails to provide written notice to the Company, within such five (5) Business Day period, the Holder shall be deemed not to have consented to such Conversion Election.
The Holder shall have five (5) Business Days after receipt of a Notice of Conversion to notify the Company in writing of whether or not it consents to the Company’s Conversion Election (a “Conversion Acceptance”).
Notwithstanding the foregoing, to the extent required by any provisions of an Investment Fund, the effective date of any Conversion Election may be delayed or the amount of any permissible Conversion Election may be reduced.
To ensure non-arbitrary valuation, the disposition price shall be set at ¥2,207, the closing price of Company shares on the Tokyo Stock Exchange on February 24, 2021 (the business day immediately preceding the day on which the Board of Directors made its decision on the Incentive Plan).