Forced Conversion Right definition

Forced Conversion Right has the meaning set forth in Section 5.1;
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Examples of Forced Conversion Right in a sentence

  • All shares of any class or other securities which the Holder is at the time in question entitled or obligated to receive on the exercise of the Conversion Right or Forced Conversion Right, whether or not as a result of adjustments made pursuant to this Article 7, shall, for the purposes of the interpretation of this Debenture, be deemed to be shares which the Holder is entitled or obligated to acquire pursuant to the exercise of the Conversion Right or Forced Conversion Right.

  • Notwithstanding anything herein contained, Common Shares will be issued pursuant to the Forced Conversion Right in compliance with Applicable Securities Laws and the limitation set forth in Section 4.9.

  • If the Corporation elects to exercise its Forced Conversion Right with respect to less than all of the then outstanding Series A Preferred Shares, the Series A Preferred Shares to be converted shall be converted pro rata by each holder of Series A Preferred Shares based upon the total Series A Preferred Shares then outstanding and held by each holder of Series A Preferred Shares.

  • Struan Teague denotes the mobility of interjections, the mimicry of a tiny needle that has learned to subtract and contract words.

  • For the sake of clarity, the Lock-up Period shall not prevent the exercise of the Series N Forced Conversion Right or the Special Redemption Rights.

  • For greater certainty and without limiting the generality of the foregoing, the Corporation shall not be able to exercise the Forced Conversion Right following the occurrence of an Event of Default, such that upon a declaration by the Holder made pursuant to this Section 6.2 that all moneys payable hereunder are immediately due and payable, such payment may only be made by way of cash as opposed to any shares in the capital of the Corporation.

  • In the event that the Corporation elects to exercise the Forced Conversion Right, the Holder shall cause a representative of ● who has investment making decision with respect to the Holder to file a Form 2A – Personal Information Form with the Exchange as soon as practicable, provided that the issuance of Common Shares pursuant to such Forced Conversion will result in the Attribution Group meeting or exceeding the Debenture Ownership Threshold Restriction.

Related to Forced Conversion Right

  • Forced Conversion has the meaning set forth in Section 4.05(c) hereof.

  • Conversion Right has the meaning set forth in Section 4.05(a) hereof.

  • Forced Conversion Notice has the meaning set forth in Section 4.05(c) hereof.

  • Conversion Rights means exchange of, or the rights to exchange, the Principal Amount of the Loan, or any part thereof, for fully paid and nonassessable Common Stock on the terms and conditions provided in the Debentures.

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

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

  • Forced Conversion Amount means the sum of (a) 100% of the aggregate Stated Value then outstanding, (b) accrued but unpaid dividends and (c) all liquidated damages and other amounts due in respect of the Preferred Stock.

  • Mandatory Conversion Notice has the meaning set forth in Section 4.7.C hereof.

  • Early Preference Share Redemption Notice means a notice of early redemption of some or all of the Preference Shares given by or on behalf of the Company in accordance with Condition 6 (Notices).

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

  • Company Conversion Price means, the lower of (i) the applicable Conversion Price and (ii) that price which shall be computed as 90% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the twenty (20) consecutive Trading Days immediately following the applicable Installment Date (each such period, a "Company Conversion Measuring Period"). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction that proportionately decreases or increases the Common Stock the applicable such Company Conversion Measuring Period.

  • Conversion Option means the Company’s option to convert some or all of the Series D 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.

  • Fixed Conversion Price shall have the meaning set forth in Section 4(b).

  • Optional Conversion Date means, with respect to the Optional Conversion of any Convertible Preferred Stock, the first Business Day on which the requirements set forth in Section 10(d)(ii) for such conversion are satisfied.

  • Series B Conversion Price means, as of the applicable Conversion Date, the greater of (A) the average of the Market Values of the Common Stock for the five consecutive Trading Days preceeding (but not including) such Conversion Date, or (B) the then effective Series B Minimum Conversion Price.

  • Mandatory Conversion Date has the meaning set forth in Section 7(a).

  • Series A Redemption Notice has the meaning set forth in Section 16.6(b).

  • Mandatory Conversion shall have the meaning set forth in Section 6.

  • Series A Conversion Price shall initially be equal to $0.71. Such initial Series A Conversion Price, and the rate at which shares of Series A Preferred Stock may be converted into shares of Common Stock, shall be subject to adjustment as provided below.

  • Make-Whole Fundamental Change Conversion Period has the following meaning:

  • Optional Redemption Notice shall have the meaning set forth in Section 6(a).

  • Redemption Right has the meaning provided in Section 8.5(a) hereof.

  • New Conversion Price means the amount determined in accordance with the following formula, which shall apply from the QTE Effective Date: NCP = ECP * (VWAPAES / VWAPOS) where:

  • Major conversion means a conversion of an existing ship:

  • Warrant Exercise Period shall commence (subject to Section 6(d) below), on the later of:

  • Default Conversion Price shall have the meaning set forth in Section 4(b).