Conversion Payment definition

Conversion Payment has the meaning given to such term in Section 5.02(i) hereof.

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Conversion Payment has the meaning specified in Annex A.

Conversion Payment means the amount calculated by the Issuer as the Instalment Payment on the Prior Series Instalment plus the Interest Amount plus the Borrowing Fee plus the Capital Protection Fee less the Loan Amount, and which is payable by the Conversion Applicant to the Issuer only if the calculated amount is a positive number.

Examples of Conversion Payment in a sentence

• Upon Closing, Maker agrees to deliver to Holder the following consideration ("Conversion Payment").

• If the Interest Payment Date for which interest deferral is proposed is also the Conversion Date, no election to defer interest due on that date shall be effective unless the Company shall have converted the interest rate on the Securities and paid in full any Conversion Payment due in connection with the conversion.

• All payments under this Agreement or under the Loan Documents (including any payment of principal, interest, or fees and including, for the avoidance of doubt, any payment that results from the delivery of Conversion Payment Shares) to, or for the benefit, of any Person will be made by the Loan Parties free and clear of and without deduction or withholding for, or account of, any Taxes now or hereafter imposed by any taxing authority, except as required by applicable law.

• After such time any holder of Certificates who has not yet delivered or surrendered such Certificates to the Disbursing Agent, subject to applicable law, will look as a general creditor only to Parent for payment of the applicable Conversion Payment.

• For the avoidance of doubt, Ultimate Holdings shall not be responsible for any such transfer, stamp and similar Taxes that may be payable with respect to the issuance and delivery of the Conversion Payment Shares to any Person that is not the Converting Lender, including any nominee, assignee or transferee of the Converting Lender, if such Taxes would not have been imposed or be payable had the Conversion Payment Shares been issued in the name of the Converting Lender.

More Definitions of Conversion Payment

Conversion Payment means the amount, if any, determined by the Calculation Agent to be equal to the total amount that would be payable by the party obligated to pay Japanese Yen under the Benchmark Swap (as defined below) upon its early termination on the applicable Note Conversion Date.

Conversion Payment means (i) an amount equal to the aggregate of all accrued but unpaid dividends (whether or not declared) on such share which have been added to Accrued Value as provided for in Section 2(a)(ii) prior to the occurrence of a Dividend Accrual Event plus (ii) an amount equal to all accrued and unpaid dividends on such share which have not been added to Accrued Value prior to the occurrence of a Dividend Accrual Event.

Conversion Payment is defined in Section 1.15(a).

Conversion Payment means a Conversion Payment detailed at Schedule 7;

Conversion Payment means the Sale Price of a share of Series A Common Stock on the Trading Day immediately prior to the related Conversion Date multiplied by the Conversion Rate in effect on such Trading Day.

Conversion Payment means $500,000.

Conversion Payment means the total cash received by the General Unsecured Creditors and/or Investors pursuant to the Bankruptcy Case. The Conversion Payment shall be determined in the sole and absolute discretion of the Initial Manager until such time as the Initial Manager is no longer the receiver applicable to the Bankruptcy Case and the receivership is closed, even if Initial Manager is no longer a Manager. After the closure of the receivership applicable to the Bankruptcy Case, the Board of Managers shall determine the Conversion Payment. Conversion Payment does not include any payments or distributions received by General Unsecured Creditors and/or Investors from or in respect of fines, penalties, remedial sanctions or civil compromise assessed against any one or more of the Special Members, their family members or their Affiliates, which sums are collected or distributed by any state or federal regulatory agency.