Conversion Privilege definition

Conversion Privilege means the right to convert the Convertible Debenture into a Conversion Unit as provided in Article 3;

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Conversion Privilege. The principal amount of each Convertible Debenture shall be convertible, for no additional consideration, into common shares of the Company (each a “Common Share”) at the option of the holders at any time following the completion of a Qualified Financing (as defined herein) and prior to the close of business on the Maturity Date, at a conversion price equal to 0.75 multiplied by the Qualified Financing Price (as defined herein) (the “Conversion Price).

Conversion Privilege means the right, at the option of the holder of Convertible Notes, to convert the principal amount of Convertible Notes into Common Stock at any time prior to the close of business on the last business day immediately preceding the two year anniversary of the issue date.

Examples of Conversion Privilege in a sentence

• The exercise of the Conversion Privilege shall be in lieu of all other benefits under the group policy and the converted policy shall be issued on receipt of an application on the insurer's form during the lifetime of the employee and while the group policy is in force.

• Continuation of Conversion Privilege in Case of Merger, Consolidation or Sale of Assets.

• Effect of Reclassifications, Consolidations, Mergers, Binding Share Exchanges or Sales on Conversion Privilege 68 Section 10.12.

• Effect of Reclassifications, Consolidations, Mergers, Binding Share Exchanges or Sales on Conversion Privilege 65 Section 10.12.

• CONVERSION OF SECURITIES 53 Section 16.1. Conversion Privilege 53 Section 16.2. Exercise of Conversion Privilege 53 Section 16.3. Fractions of Equity Interests 54 Section 16.4. Adjustment of Conversion Price 54 Section 16.5. Notice of Adjustments of Conversion Price 57 Section 16.6. Notice of Certain Corporate Action 57 Section 16.7. Issuers to Reserve Equity Interests 58 Section 16.8. Taxes on Conversions 58 Section 16.9. Covenant as to Equity Interests 58 Section 16.10.

More Definitions of Conversion Privilege

Conversion Privilege. Any employee who is eligible for conversion and who has complied with the terms of the provision Conditions for Conversion is entitled to have issued to him by the Insurance Carrier, without evidence of insurability being required, an individual policy of life insurance

Conversion Privilege means the right to convert the Convertible Preferred Shares Series A provided for in this Clause 4.

Conversion Privilege has the meaning attributed thereto in Section (vii)A(1);

Conversion Privilege means the right to convert this Convertible Debenture into a Conversion Unit as provided in Article 3;

Conversion Privilege has the meaning attributed to it in paragraph 8(1)(a).

Conversion Privilege means the right to convert any PIK Loan into PSC Common Stock in accordance with the provisions of Section 1.07.

Conversion Privilege means the right to convert any Debenture into Common Shares as provided in Article Five;