CONVERSION YEAR definition
CONVERSION YEAR means the Fiscal Year (as defined in the Lease) immediately preceding the Conversion Date.
CONVERSION YEAR means the calendar year in which the Conversion Date occurs.
CONVERSION YEAR means the Fiscal Year following the Fiscal Year in which the Conversion Date occurred.
Examples of CONVERSION YEAR in a sentence
The Conversion Price (as such term is defined in the Notes) shall be reduced based on the Company's net income as set forth in the financial statements set forth in its annual report on Form 10K or 10K-SB for 2003 as set forth below: CONVERSION YEAR NET INCOME PRICE ---- ---------- ----- 2003 less than $5,000,000 $2.50 $5,000,000 - $7,500,000 $3.50 above $7,500,000 $4.00 Such adjustment shall be effective on April 15, 2004.
More Definitions of CONVERSION YEAR
CONVERSION YEAR means the calendar year immediately preceding the Conversion Date.
CONVERSION YEAR means the calendar year immediately preceding the Conversion Date. (10) "CONVERSION NOTICE" shall mean a written notice delivered by Transferor to Transferee whereby Transferor elects to receive the Contingent Purchase Price. The Conversion Notice may only be given once and must be given on or before April 15 of a calendar year. If the Conversion Date is not given on or before April 15, 2002, Transferor's right to receive the Contingent Purchase Price shall automatically and irrevocably terminate. The Conversion Notice may not be given prior to March 1, 1999.