Conversion Election Notice definition

Conversion Election Notice means a notice in the form attached hereto as Exhibit H.

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Conversion Election Notice shall have the meaning set forth in Section 5.1 hereto.

Conversion Election Notice means the Holder Conversion Election Notice or the Corporation Conversion Election Notice, as applicable.

Examples of Conversion Election Notice in a sentence

• A Conversion Election Notice, once delivered, shall be irrevocable unless otherwise agreed in writing by Borrower Representative.

• To make a Conversion Election, Investor shall provide written notice to the Company and NutraCea (“Conversion Election Notice”), which notice shall state that Investor is electing to convert all of Investor’s interest in the Company into equity interests in the Company’s Subsidiaries and the proposed date that such conversion will occur (“Initial Conversion Date”), which date may not be less than thirty (30) days after Investor delivers the Conversion Election Notice to the Company and NutraCea.

• On a date that is at least thirty (30) days prior to the date on which the Company is obligated to close on an "Approved Sale" (as defined below) or an "IPO" (as defined below) (each a "Conversion Event"), the Company shall deliver to each registered holder of a Debenture with respect to which there has been no exercise of the applicable Holder Payment Acceleration Right (each an "Eligible Debenture"), a written notice (the "Company Conversion Election Notice").

• The Company Conversion Election Notice shall indicate (x) the aggregate principal amount of such Notes the Company has selected for conversion, (y) the date selected by the Company for conversion (the “Company Delivery Date”), which date shall be not less than twenty (20) Trading Days or more than sixty (60) Trading Days after the Company Conversion Election Notice Date, and (z) each Purchaser’s Pro Rata Conversion Amount.

• On a date that is at least thirty (30) days prior to the date on which the Company is obligated to close on an "Approved Sale" (as defined below) or an "IPO" (as defined below) (each a "Conversion Event"), the Company shall deliver to each registered holder of a Debenture with respect to which there has been no exercise of the applicable Holder Payment Acceleration Right (each an "Eligible Debenture"), a written notice (the "Company Conversion Election Notice") that describes the Conversion Event.

More Definitions of Conversion Election Notice

Conversion Election Notice has the meaning set forth in Section 10.8(c).

Conversion Election Notice means a written notice delivered by Agent to the Borrower informing Borrower of the Lenders’ election to effect a conversion in accordance with the terms and conditions set forth on Addendum 3.

Conversion Election Notice means a notice in the form attached hereto asExhibit H.

Conversion Election Notice means a written notice delivered by a Holder to the Issuer confirming that the Holder has elected to convert all or a portion of this Note pursuant to Section 3(a) or Section 5.

Conversion Election Notice means a notice in the form attached hereto as Exhibit H. “Conversion Price” means, at the election of the Lenders in their sole discretion, (i) $2.53, or (ii) the Next Qualified Financing Price; provided that in the event that on or after the Closing Date, a stock split, stock combination, reclassification, payment of stock dividend, recapitalization or other similar transaction of such character that the shares of Common Stock shall be changed into or become exchangeable for a larger or small number of shares is consummated (each, a “Stock Event”), the Conversion Price shall be proportionately increased or decreased as necessary to reflect the proportionate change in shares of Common Stock issued and outstanding as a result of such Stock Event. “Conversion Shares” has the meaning set forth in Section 2.2(e)(i). “Copyrights” means any and all copyright rights, copyright applications, copyright registrations and like protections of a Person in each work of authorship and derivative work thereof, whether published or unpublished and whether or not the same also constitutes a trade secret. “Default” means any circumstance, event or condition that, with the giving of any notice, the passage of time, or both, would be an Event of Default. “Default Rate” has the meaning set forth in Section 2.3(b). “Deposit Account” means any “deposit account” as defined in the Code with such additions to such term as may hereafter be made, and includes any checking account, savings account or certificate of deposit.

Conversion Election Notice shall have the meaning set forth in Section 8.2.

Conversion Election Notice has the meaning given to it in Section 2.5(a).