Convertible Equity definition

Convertible Equity means the convertible equity issued to the Investor under the terms of this agreement until such time as it is converted into Shares. Corporations Act ▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇ (Cth) as amended. Disposal A sale, assignment, transfer, conveyance, exchange or other disposal of a legal or beneficial interest of more than 15% of the Company’s shares on issue.
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Convertible Equity means any convertible securities of the Company, including, but not limited to, the vested Company Options and the Tmura Warrant.
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Convertible Equity means, with respect to MLP Asset Transfers, Equity Interests in the applicable MLP or GP which will be, by their terms or by virtue of other agreements or arrangements, converted into or exchanged for, within 545 days of the applicable MLP Asset Transfer, an amount in cash equal to at least the Fair Market Value of such Equity Interests on the date of the applicable MLP Asset Transfer.
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Examples of Convertible Equity in a sentence

  • The Trust shall pay the Advisor a management fee calculated and payable as soon as practicable after the last day of each calendar month, based on the average daily net assets of the Calamos Convertible Equity Alternative ETF at an annual rate of 0.69%.

  • The Investor must subscribe for its Convertible Equity by paying its Subscription Money into the Bank Account in cleared funds on or before the Payment Date.

  • Convertible Equity may only be converted into Shares and there is no obligation on the Company to repay or grant any Security Interest in respect of any Subscription Money.

  • Convertible Equity does not confer on its holder any right to vote at any meeting of the Company or participate in any dividend or division of surplus assets or profits of the Company.

  • The Convertible Equity is a Security of the Company and must be held subject to the terms of the Shareholders’ Deed (as it applies to “Securities” as defined within that deed).

  • The number of Shares which must be issued by the Company for the Convertible Equity must be calculated in accordance with the conversion formula set out in Schedule 1.

  • No term of this agreement merges on the conversion of the Convertible Equity into Shares or any transaction contemplated by this agreement.

  • Immediately on the later of the satisfaction of the Condition Precedent and the Company’s receipt of the Subscription Money, the Company must enter the Investor in its register of members as the holder of the Convertible Equity in the amount of the Subscription Money.

  • Up to 2,300,000 Tangible Equity Units (or TEUs), each such TEU having a stated amount of $100 and consisting of (1) a senior amortizing note, issued by GWI pursuant to the 2012 Convertible Equity Indenture and (2) a pre-paid stock purchase contract (each, a “Purchase Contract”) issued pursuant to the 2012 Convertible Equity Purchase Contract Agreement.

  • Securities Securities of the Company and includes the Convertible Equity, all shares in the Company, options, any convertible notes, warrants or other securities capable of conversion into shares issued by the Company.