Equity Conversion Option definition

Equity Conversion Option has the meaning given to this term in the Restructuring Term Sheet.
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Examples of Equity Conversion Option in a sentence

  • At any time prior to INSYS’ exercise of the Equity Conversion Option, INSYS would be entitled to exercise the preemptive right set forth in Section 9.17(a)(iv) and would have a right of first offer on any sale of equity interest in APL by Parent.

  • If this Agreement terminates pursuant to Section 2.02 as a result of the material default of INSYS at any time after INSYS has exercised the Equity Conversion Option, then APL (or Parent) would have the right, but not the obligation, at any time after such termination, to repurchase the Conversion Interests for the then fair market value (determined by an independent qualified appraiser giving due consideration to the termination of this Agreement).

  • Treatment of Term Loan Subject to the Equity Conversion Option, Term Loan claims shall be repaid in cash, in full or reinstated pursuant to section 1124 of the Bankruptcy Code.

Related to Equity Conversion Option

  • Conversion Option means the Company’s option to convert some or all of the Series C Preferred Stock into that number of shares of Common Stock that are issuable at the then-applicable conversion rate as described in Section 8(c) of these Articles Supplementary.

  • Forced Conversion Notice shall have the meaning set forth in Section 6(d).

  • Optional Conversion means the conversion of any Convertible Preferred Stock other than a Mandatory Conversion.

  • Mandatory Conversion Notice shall have the meaning ascribed to it in Section 4.01(b)(ii) hereof.

  • Forced Conversion Notice Date shall have the meaning set forth in Section 6(d).