Conversion Option means the Company’s option to convert some or all of the Series D Preferred Stock into that number of shares of Common Stock that are issuable at the then-applicable conversion rate as described in Section 8(c) of these Articles Supplementary.
Conversion Option means an NQSO granted under Section 6(b)(v).
Conversion Option means the option granted to the Company in Section 5.01 hereof pursuant to which the interest rate on the Bonds is converted from the Floating Rate to the Fixed Rate as of the Optional Conversion Date.
Examples of Conversion Option in a sentence
Notwithstanding anything to the contrary herein, in the event of an exercise of the Conversion Option (as defined in the Certificate of Designations) with respect to any of the Preferred Stock pursuant to the Certificate of Designations, a Purchaser Party shall be permitted to Transfer all or any portion of the Common Stock issued upon conversion of such Preferred Stock at any time following such conversion, but subject to the remaining limitations set forth in Section 4.7(b)(2).
More Definitions of Conversion Option
Conversion Option means Holder’s option to convert some or all of the Obligations into Common Stock as provided in Section 4.
Conversion Option means the option granted to the Company in Section 2.07 hereof to convert from one type of Interest Period to another type of Interest Period.
Conversion Option. The option of a Converting Lender to convert all or a portion of its Class A-1 Loans into an equivalent principal amount of Class A-1 Notes pursuant to the Credit Agreement and this Indenture.
Conversion Option means the right of the Holder hereunder to convert the Accumulated Debt to Common Shares.
Conversion Option means the option granted to the Company in the Indenture pursuant to which the interest rate on the Bonds is converted from the Floating Rate to the Fixed Rate as of the Optional Conversion Date; the term "Purchase Price" means an amount equal to 100% of the principal amount of any Bond tendered or deemed tendered for purchase pursuant to the Indenture or with respect to which the Demand Purchase Option has been exercised, plus, in the case of a purchase pursuant to the exercise of such Demand Purchase Option, accrued and unpaid interest thereon to the date of purchase. The interest rate on the Bonds may be converted from the Floating Rate to the Fixed Rate upon satisfaction of certain conditions and notice given by the Company in accordance with the requirements of the Indenture, and the Bonds shall be subject to mandatory tender by the Owners thereof on the Conversion Date. On and after the Conversion Date the Demand Purchase Option will not be available to the Owners of the Bonds. Any Owner of Bonds who desires to retain Bonds after the Conversion late must notify the Company and the Trustee in writing received no less than fifteen days prior to the Conversion Date in the form described in the notice given by the Company at least twenty days but not more than thirty days prior to the Conversion Date. Owners of Bonds who do not provide the Trustee and the Company with said notice shall be required to tender their Bonds to the Tender Agent for purchase at the Purchase Price. Accrued interest on the Bonds will be payable on the Conversion Date to the Owners of Bonds as of the applicable Record Date. Any Bonds not delivered to the Tender Agent on or prior to the Conversion Date ("Undelivered Bonds"), for which there has been irrevocably deposited in trust with the Trustee an amount of moneys sufficient to pay the Purchase Price of the Undelivered Bonds, shall be deemed to have been purchased at the Purchase Price. IN THE EVENT OF A FAILURE BY AN OWNER OF BONDS (OTHER THAN AN OWNER OF BONDS WHO HAS GIVEN NOTICE AS PROVIDED ABOVE) TO DELIVER ITS BONDS ON OR PRIOR TO THE CONVERSION DATE, SAID OWNER SHALL NOT BE ENTITLED TO ANY PAYMENT (INCLUDING ANY INTEREST TO ACCRUE SUBSEQUENT TO THE CONVERSION DATE) OTHER THAN THE PURCHASE PRICE FOR SUCH UNDELIVERED BONDS, AND ANY UNDELIVERED BONDS SHALL NO LONGER BE ENTITLED TO THE BENEFITS OF THE INDENTURE, EXCEPT FOR THE PURPOSE OF PAYMENT OF THE PURCHASE PRICE THEREFOR. At any time prior to the first interest payment da...
Conversion Option means the option of a Converting Lender to convert all or a portion of the Loans into an equivalent principal amount of Class A-1 Notes pursuant to Section 3.7 hereof and Section 2.5(n) of the Indenture.
Conversion Option has the meaning specified in Section 2.05.