Conversion Events definition

Conversion Events. With respect to a Series of Warehouse Notes, the occurrence or existence of any of the following events or conditions: (i) the expiration of the stated period of time set forth in the definition of Conversion Date in the related Supplement, unless such period is extended in accordance with the terms of such Supplement, and (ii) the occurrence of an Early Amortization Event under any Series of Notes then Outstanding.

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Conversion Events means (A) the conversion of shares of Series A Preferred pursuant to Section 5, (B) the redemption of shares of Series A Preferred pursuant to Section 7, (C) the conversion or redemption of shares of Series B Preferred pursuant to the Statement of Designations of the Series B Convertible Preferred Stock of Zix Corporation, (D) the conversion of the Senior Convertible Notes and (E) the exercise of warrants issued to the purchasers of the Senior Convertible Notes on the First Issue Date.

Conversion Events means the conversion of the Company’s (i) $300,000 Senior Convertible Notes Due June 18, 2015 into an aggregate of 1,408,452 shares of Common Stock, (ii) $50,000 Senior Convertible Note Due September 29, 2105 into an aggregate of 208,333 shares of Common Stock, (iii) $500,000 Senior Note Due April 22, 2016 into an aggregate of 833,308 shares of Common Stock, (iv) $500,000 Senior Convertible Note Due January 28, 2016 into an aggregate of 833,333 shares of Common Stock, (v) $350,000 Senior Convertible Notes Due July 8, 2016 into an aggregate of 583,333 shares of Common Stock and (vi) $75,000 Senior Convertible Note Due July 10, 2016 into an aggregate of 125,000 shares of Common Stock, whereupon all such indebtedness shall be fully extinguished and cease to be outstanding.

Examples of Conversion Events in a sentence

• The events set forth in Sections 2(a)(i) and (ii) are defined as "Conversion Events." The number of shares of Common Stock to be issued upon conversion of the Note (the "Conversion Shares") shall be equal to one (1) share of Common Stock for each $.80 in principal amount of the Note and accrued Interest thereon being converted (the "Conversion Amount"), subject to adjustment from time to time pursuant to paragraph (f) of this Section 2.

• This Note is one of a series of Notes of like tenor issued in an original aggregate principal amount of up to the Credit Limit under the Loan Agreement (plus such additional principal amounts of Notes that may be permitted to be issued as a result of Conversion Events and subsequent issue of Notes in accordance with the Loan Agreement.

• This provision shall similarly apply to successive Conversion Events.

• For the avoidance of doubt, this Convertible Note Hedge shall expire on the Expiration Date, with no further payments or deliveries required hereunder (other than payments and deliveries owing hereunder with respect to Conversion Events occurring, and as to which Deutsche has received notice, on or prior to the Expiration Date), as if this Transaction were an Option Transaction for purposes of the Equity Definitions.

• The Preferred Stock shall be mandatorily convertible into shares of Thrucomm's Common Stock ("Underlying Shares") upon the earliest to occur of one of the following events: (i) the completion of an initial public offering of Thrucomm's Common Stock (an "IPO"), (ii) the sale of all or substantially all of the assets of Thrucomm (a "Sale"), or (iii) the merger of Thrucomm into a non-affiliated entity, whereby Thrucomm is not the surviving entity (a "Merger") (collectively, the "Mandatory Conversion Events").

• The parties hereto acknowledge, consent and agree to the terms of the First Tier Amendment (including the waiver granted by the SPV thereunder of breaches arising from the Subject Conversion Events).

• If no such Notice of Conversion Event is given within ten (10) days of the occurrence of one of the automatic Conversion Events, the Company may commence the conversion on such tenth day (the earlier of the receipt of the Notice of Conversion Event or such tenth day, the "Commencement Date").

• The Company, at its election, may convert one fifth of the Preferred for every $15 million raised through one or more Conversion Events until all of the Preferred is converted.

• Subscription Documents, excluding applicable tax forms, representing not less than 70% of the Socati Shares, excluding any Socati Shares issuable in connection with any Socati Conversion Events and Socati Settlements, shall have been executed and delivered to Yooma.

• Except as required to consummate the Conversion Events or as described on Schedule 4.3, the issuance and sale of the Shares hereunder will not obligate the Company to issue shares of Common Stock or other securities to any other Person (other than the Investors) and will not result in the adjustment of the exercise, conversion, exchange or reset price of any outstanding security.

More Definitions of Conversion Events

Conversion Events. ● Automatic conversion on earlier of: (i) IPO; or (ii) Private Sale by Maker of at least $2 million of a single class of equity securities within a 12 month period (each, a “Qualified Financing”) ● Optional conversion, at election of Investor, at Maturity Date Conversion Price: ● Principal and interest convert into equity securities sold in a Qualified Financing at a conversion price equal to the lesser of (i) 80% of the price of securities sold in such Qualified Financing; or (ii) the price equal to the quotient of $10 million divided by the aggregate number of outstanding shares of Maker’s common stock as of immediately prior to the initial closing the Qualified Financing (assuming full conversion of all convertible and exercisable securities then outstanding, other than the Notes) ● On optional conversion, principal and interest convert into equity securities of the Maker at a price equal to the quotient of $10 million divided by the aggregate number of outstanding shares of Maker’s common stock as of the Maturity Date (assuming full conversion of all convertible and exercisable securities then outstanding, other than the Notes) Sale of Company Option: In event of sale of the Maker, at Investor’s option: (i) the principal and all accrued interest owing on the note is converted, immediately prior to the sale, into common stock a price equal to the quotient of $10 million divided by the aggregate number of outstanding shares of Maker’s common stock as of immediately prior to the sale of Maker (assuming full conversion of all convertible and exercisable securities than outstanding, other than the Notes); or (ii) the Note is repayable in full at 125% of the principal owing on the Note plus all accrued and unpaid interest

Conversion Events means website metrics that enhance the results of Cision Impact.

Conversion Events shall have the meaning set forth in Section 6.1.

Conversion Events has the meaning specified in Section 7.4.

Conversion Events. The closing and draw upon of a bona fide secured or unsecured loan to Covad by any third party other than an Affiliate (as defined below) entered into on an arms' length basis, on market terms, for use in Covad's business operations and maturing not earlier than nine months from the date of confirmation of the Company's chapter 11 plan ("Confirmation Date").

Conversion Events. ● Automatic conversion on earlier of: (i) IPO; or (ii) Private Sale by Maker of at least $10 million of a single class of equity securities within a 12 month period (each a “Qualified Financing”) ● Optional conversion, at election of Investor, at Maturity Date Conversion Price: ● Principal and interest convert into equity securities sold in a Qualified Financing at a conversion price equal to 80% of the price of securities sold in such Qualified Financing ● On optional conversion, principal and interest convert into equity securities of the Maker at a price equal to the quotient of $200 million divided by the aggregate number of outstanding shares of Maker’s common stock as of the Maturity Date (assuming full conversion of all convertible and exercisable securities then outstanding, other than the Notes) Sale of Company Option: In event of sale of the Maker, at Investor’s option: (i) the principal and all accrued interest owing on the note is converted, immediately prior to the sale, into common stock a price equal to the quotient of $200 million divided by the aggregate number of outstanding shares of Maker’s common stock as of immediately prior to the sale of Maker (assuming full conversion of all convertible and exercisable securities than outstanding, other than the Notes); or (ii) the Note is repayable in full at 125% of the principal owing on the Note plus all accrued and unpaid interest