Examples of Conversion Exercise Period in a sentence
The Client will notify the Participating Members of the occurrence of any Listing or Trade Sale during the Conversion Exercise Period (the “ Automatic Conversion Notice”).
The Conversion Option may be exercisable by the Participating Member by issuance of a written notice to the Client (the “ Conversion Notice”), specifying the amount of the Individual Confirmed Loan to be converted at any time within the Conversion Exercise Period.
A partial conversion of Bonds into Class A Shares may be effected by the Issuer at any time during a Conversion Exercise Period falling within the Conversion Period, provided that the Board of Directors has determined, acting reasonably, that it is reasonably likely that the Issuer will be unable to redeem the Bonds in full on or before the Final Maturity Date.
The Issuer may, upon giving not more than sixty (60) nor less than twenty (20) calendar days' prior notice to the Bondholders in accordance with Condition 16, with a copy to the Trustee (each such notice being a “ Partial Conversion Notice”), specify a date, which must be a Business Day falling within a Conversion Exercise Period, on which the Issuer shall redeem the Bonds in part by the issue of Class A Shares (a “Partial Issuer Conversion”).
Commencement of Agreements: 01.04.2021 Procedure to Submit Proposals-1.
In addition, if the Holder delivers a Conversion Notice during the Conversion Exercise Period but does not deliver a Confirmation of Conversion Exercise within the applicable time period set forth above, after the Borrower has delivered (or has failed to deliver) the Updated Disclosure Schedule, then the Conversion Option shall terminate either immediately or at the expiration of the Conversion Exercise Period, whichever occurs later.
If the Holder does not deliver a Conversion Notice during the Conversion Exercise Period, the Conversion Option shall terminate at the expiration of the Conversion Exercise Period.
The Purchase Right associated with any Class A Unit may be exercised prior to the expiration of the applicable Redemption Exercise Period or the Conversion Exercise Period, as applicable, by tendering a Notice of Exercise in the form attached hereto as Exhibit properly completed and duly executed by the Class A Member or on behalf of the Class A Member by the Class A Member’s duly authorized representative, to the Company at its principal office.
Exercise of Debt : The Debt Conversion Option shall be exercised by theConversion Option Investor delivering to the Company a duly executed notice ofits intention to exercise the Debt Conversion Option during the Debt Conversion Exercise Period at least two (2) Business Days prior to the intended date of exercise of the Debt Conversion Option.
The Debenture shall be convertible into the Conversion Shares, which shall consist of fully paid and nonassessable shares of Series B Common Stock of the Borrower, at the option of Lender, upon the terms set forth herein and in the Debenture, at any time within the period (the "Conversion Exercise Period") commencing on the Closing Date and terminating on the Maturity Date (as the same may be extended by the Lender pursuant to the terms hereof).