Convertibility Commencement Date definition

Convertibility Commencement Date when used with respect to any Security, means the date fixed by or pursuant to this Indenture as the first date on which that Security can be converted pursuant to Article XIII.
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Convertibility Commencement Date means, with respect to any -------------------------------- Convertible Note, the first date on which that Convertible Note may be converted into shares of ARS Common Stock.
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Convertibility Commencement Date means the second (2nd) Business Day immediately after the last VWAP Trading Day of the Note Valuation Period.
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Examples of Convertibility Commencement Date in a sentence

  • The Original Issue Date of those Convertible Notes will be the date on which the Effective Time occurs, the Convertibility Commencement Date of those Convertible Notes will be one day after the first anniversary of that Original Issue Date and the Initial Conversion Price will be fixed at a rate of $12.00 per share of ARS Common Stock, which price may be higher or lower than the fair market value of such stock on the Closing Date or the date of conversion.

  • For the avoidance of doubt, a Tax Redemption will not affect any Holder’s right to convert any Notes on or after the Convertibility Commencement Date and the Company’s obligation to pay any Additional Amounts with respect to such conversion.

  • Notwithstanding anything to the contrary in this Indenture or the Notes, the Notes will not be convertible before the Convertibility Commencement Date.

  • From and after the Convertibility Commencement Date, subject to the provisions of this Article 5, each Holder may, at its option, convert such Holder’s Notes into Conversion Consideration.

  • At all times from and after the Convertibility Commencement Date when any Notes are outstanding, the Company will reserve, out of its share issue mandate, a number of Ordinary Shares sufficient to permit the conversion of all then-outstanding Notes, assuming (x) Physical Settlement will apply to such conversion; and (y) the Conversion Rate is increased by the maximum amount pursuant to which the Conversion Rate may be increased pursuant to Section 5.07.