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.