Converting Shares definition

Converting Shares means shares in respect of which valid Conversion Notices have been received and accepted which are to be reclassified pursuant to article 10;

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Converting Shares has the meaning set forth in Section 2.05.

Converting Shares has the meaning set forth in Section 6(b) hereof.

Examples of Converting Shares in a sentence

• Except for Article 3 (Manner of Converting Shares), Sections 7.9 (Employee Benefits and Contracts), 7.10 (Section 16 Matters), 7.11 (Indemnification), 7.12 (Tax Covenants of Buyer), this Article 9 (Termination) and Article 10 (Miscellaneous), the respective representations, warranties, obligations, covenants, and agreements of the Parties shall not survive the Effective Time.

• Except for Article 3 (Manner of Converting Shares), Sections 7.9 (Employee Benefits and Contracts), 7.11 (Section 16 Matters), 7.12 (Indemnification), 7.13 (Tax Covenants of Buyer), this Article 9 (Termination) and Article 10 (Miscellaneous), the respective representations, warranties, obligations, covenants, and agreements of the Parties shall not survive the Effective Time.

• A holder of Converting Shares may make any such notice of conversion, whether such conversion is in connection with a Sale of the Corporation or otherwise, conditional upon the happening of any event or the passage of such time as is specified by such holder in such conversion notice, and may rescind any notice of conversion prior to the effective time thereof specified in any such notice.

• Except for Article 3 (Manner of Converting Shares), Sections 7.10 (Employee Benefits and Contracts), and 7.11 (Indemnification), this Article 9 (Termination) and Article 10 (Miscellaneous), the respective representations, warranties, obligations, covenants, and agreements of the Parties shall not survive the Effective Time.

• Except for Article 3 (Manner of Converting Shares), Sections 7.8, 7.9 (Employee Benefits and Contracts), 7.10 (Indemnification), 7.11 (Retention Plan and Conversion Bonuses) and 7.12 (Surviving Corporation Board), this Article 9 (Termination) and Article 10 (Miscellaneous), the respective representations, warranties, obligations, covenants, and agreements of the Parties shall not survive the Effective Time.

• Except for Except for Article 3 (Manner of Converting Shares), Sections 7.9 (Employee Benefits and Contracts), 7.10 (Section 16 Matters), 7.11 (Indemnification), 7.12 (Tax Covenants of FBNC), this Article 9 (Termination) and Article 10 (Miscellaneous), the respective representations, warranties, obligations, covenants, and agreements of the Parties shall not survive the Effective Time.

• Any Good Samaritan Shareholder shall exercise its Conversion Option by giving written notice of such exercise (a "Conversion Notice") to AMC, which Conversion Notice shall specify the number of Common Shares as to which the Good Samaritan Shareholder is then exercising its Conversion Option (the "Converting Shares").

• The Exchange will reach out to and engage with these agencies, state regulators and other stakeholders to inform its design and implementation of risk adjustment and reinsurance.

• At the Closing (as defined below), the Converting Shares shall be converted into the number and type of the Issuer's shares (the "Converted Shares") as set forth opposite each Converting Stockholder's name on SCHEDULE I attached hereto.

• Except for Article 3 (Manner of Converting Shares), Sections 7.9 (Employee Benefits and Contracts), 7.10 (Conversion Bonus Plan), and 7.12 (Indemnification), this Article 9 (Termination) and Article 10 (Miscellaneous), the respective representations, warranties, obligations, covenants, and agreements of the Parties shall not survive the Effective Time.

More Definitions of Converting Shares

Converting Shares has the meaning ascribed to it in Section 6(d).

Converting Shares has the meaning set forth in Article III.III.2.2C.

Converting Shares means the new ordinary shares to be issued to Creditors by the Company, on the Effective Restructuring Date, by way of set-off against Residual Secured Claims, Unsecured Claims or Perpetual Claims under respectively the Share Capital Increase Reserved for Secured Creditors, the Share Capital Increase Reserved for Unsecured Creditors or the Share Capital Increase Reserved for Perpetual Creditors. " Creditors " means the Secured Creditors, the Unsecured Creditors, the Perpetual Creditors and the Quatrim Creditors. " Effective Restructuring Date " means the date on which all of the restructuring operations provided for in the Accelerated Safeguard Plan will have been completed, including the fulfilment of the conditions precedent included in the Reinstated RCF agreement and the Reinstated TL agreement and, where applicable, following the appointment of a court-appointed agent (mandataire de justice) by the Paris Commercial Court for the purpose of executing the deeds necessary to amend the Company’s bylaws, rights or shareholding, under the conditions set out in articleL. 626-32 of the French Commercial Code (excluding the Reverse Share Split and the Share Capital Reduction No. 2), which is expected to occur on or around 27 March 2024. " Electronic Instruction " means the instruction required to be submitted by direct participants in Euroclear or Clearstream to the Information Agent (via Euroclear or Clearstream as applicable) in the form described in the Euroclear/Clearstream Notice and in accordance with such clearing system’s procedures and deadlines in order for the relevant Creditors to have their relevant New Shares, Warrants and, as the case may be, Reinstated Quatrim Bonds to be issued, and their Support Fee, Quatrim Accrued Interest and Quatrim Redemption Amount, as the case may be, to be paid, in each case, credited on their accounts as part of the Financial Restructuring. " EMTN 2024 Bonds " means the bonds known as “Euro Medium Term Notes” issued under French law on 28 February 2014 for a nominal amount of€900,000,000, with €509,100,000 outstanding to date, due on 7 March 2024, identified under ISIN number FR0011765825. " EMTN 2025 Bonds " means the bonds known as "Euro Medium Term Notes" under French law, issued on 4 December 2014, for a nominal amount of€650,000,000, of which €357,400,000 is outstanding to date, due on 7 February 2025, identified under ISIN number FR0012369122. " EMTN 2026 Bonds " means the bonds known as "Euro Medium Term Notes...

Converting Shares. Refers to the convertible bonds which can be converted into up to 75,268,817 ordinary shares of listed companies with a face value of HK$ 0.01 at a conversion price of HK$ 2.79 per share;

Converting Shares means any class of Leisure Shares, Ordinary Shares, OT1 Shares, OT3 Shares or OT4 Shares (as the case may be) which are the subject of Conversion;