Conversion Rights definition

Conversion Rights means exchange of, or the rights to exchange, the Principal Amount of the Loan, or any part thereof, for fully paid and nonassessable Common Stock on the terms and conditions provided in the Debentures.
Conversion Rights has the meaning set forth in Section 5.1.
Conversion Rights has the meaning specified in Section 5.1(a) of the Conditions;

Examples of Conversion Rights in a sentence

  • MDCB does not envisage exercising its Conversion Rights within the short term but reserves all its rights to do so.

  • The aforementioned share awards concern existing shares of the Company, and shall be distributed in accordance with the Principles for Employees’ Shares Conversion Rights (as amended from time to time) adopted by the Group on 11 February 2015 (the “Share Award Scheme”).

  • If any part of this Conversion Notice is not fully and properly completed and/or executed, the Company will be entitled to regard the exercise of the Conversion Rights under the Conversion Notice as invalid.

  • MDCB is of the view that the additional developmental and operational risks resulting from funding shortages that have arisen in the past 9 months, including the lack of additional funding from Shareholders and other funders, justifies the investment protections in the form of Conversion Rights, and the level of interest rate agreed for the Further Facilities.

  • For the purpose of deleting the 60 day period following the Conversion Period for notice of conversion right, the Notice Of Conversion Right section on the Conversion Rights page(s) is replaced by the following: Notice Of Conversion Right If an INSURED MEMBER has not been given notice of his or her conversion right before the 15th day of the Conversion Period, he or she will have an additional period within which he or she can exercise a conversion right.

More Definitions of Conversion Rights

Conversion Rights means, collectively, the rights set forth in Article 13 of the Indentures (such conversion rights, including Physical Settlement, Cash Settlement and/or Combination Settlement, as each such term is defined in the respective Indentures).
Conversion Rights. Upon the occurrence of a Change of Control, each holder of Series C Preferred Stock will have the right (unless, prior to the Change of Control Conversion Date, the Issuer has provided or provides notice of its election to redeem the Series C Preferred Stock) to convert some or all of the Series C Preferred Stock held by such holder on the Change of Control Conversion Date into a number of shares of the Issuer’s common stock (or equivalent value of alternative consideration) per share of Series C Preferred Stock to be converted equal to the lesser of: · the quotient obtained by dividing (1) the sum of the $25.00 liquidation preference plus the amount of any accumulated and unpaid dividends to, but not including, the Change of Control Conversion Date (unless the Change of Control Conversion Date is after a record date for a Series C Preferred Stock dividend payment and prior to the corresponding Series C Preferred Stock dividend payment date, in which case no additional amount for such accumulated and unpaid dividends will be included in this sum) by (2) the Common Stock Price (as defined below); and
Conversion Rights means the rights to convert Series C-V Preferred Stock into Common Stock as provided in this Section 7F.
Conversion Rights. The Share Cap is equal to 3,371.54 shares of common stock per share of Series C Preferred Stock (3.37154 per depositary share). If the Common Stock Price is less than $7.415 per share (which is approximately 50% of the per-share closing sale price of our common stock reported on the NYSE on April 4, 2013), subject to adjustment, the holders will receive a maximum of 3,371.54 shares of our common stock per share of Series C Preferred Stock, which may result in a holder receiving a value that is less than the liquidation preference of the Series C Preferred Stock. For the avoidance of doubt, the Exchange Cap will not exceed 13,486,160 shares of common stock (or equivalent Alternative Conversion Consideration, as applicable), subject to increase to the extent the underwriters’ over-allotment option to purchase additional shares of Series C Preferred Stock is exercised, not to exceed 15,509,084 shares of common stock in total (or equivalent Alternative Conversion Consideration, as applicable). Selling Concession: $0.50 per depositary share Reallowance to other dealers: $0.45 per depositary share Listing: Application will be made to list the depositary shares on the New York Stock Exchange under the symbol “GDP PrC”. If the application is approved, trading of the depositary shares on the New York Stock Exchange is expected to commence within a 30-day period after the initial delivery of the depositary shares. Joint Bookrunners: Xxxxxx Xxxxxxx & Co. LLC, UBS Securities LLC and Barclays Capital Inc. Co-Managers: MLV & Co. LLC and Xxxxxxxx Inc. * Note: A securities rating is not a recommendation to buy, sell or hold securities, and may be subject to change or withdrawal at any time. Terms not defined in this pricing term sheet have the meanings given to such terms in the preliminary prospectus supplement, dated April 4, 2013. The Issuer has filed a registration statement (including a prospectus) and prospectus supplement with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the prospectus supplement and other documents the Issuer has filed with the SEC for more complete information about the Issuer and this offering. You may get these documents for free by visiting XXXXX on the SEC website at Alternatively, the Issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus and prospectus supplement if you request ...
Conversion Rights means the right of the Class M Trust Unitholders to cause the Trust to re-designate all or any part of their Class M Trust Units into Class A Trust Units as set forth in Section 3.2.
Conversion Rights the rights attached to the Note to convert the same or a part thereof into Conversion Shares;
Conversion Rights means the right or obligation of the Class B Unitholders to cause the REIT LP to re-designate all their Class B Units into Units at the Specified Ratio, as set forth in the REIT LP Agreement;