Conversion Notice definition
Examples of Conversion Notice in a sentence
The form of Conversion Notice included in the applicable Certificate of Designations together with the provisions of the applicable Certificate of Designations sets forth the totality of the procedures required of the Purchaser in order to convert the Preferred Stock into shares of Common Stock following the effectiveness of Stockholder Approval.
The Conversion Notice shall state such H▇▇▇▇▇’s name or the names of the nominees in which such H▇▇▇▇▇ wishes the shares of Common Stock to be issued.
Series AAA Preferred Stock shall be deemed to have been converted immediately prior to the close of business on the date of surrender of such shares of Series AAA Preferred Stock for conversion in accordance with the foregoing provisions or such later time as specified in the Conversion Notice (the “Conversion Time”), and the shares of Common Stock issuable upon conversion of the specified shares shall be deemed to be outstanding of record as of such Conversion Time.