Initial Conversion Date definition

Initial Conversion Date when used with respect to any Security, means the first day on which such Security shall be convertible into Common Stock.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Initial Conversion Date means the date that is the earlier of (i) thirteen (13) months from the Closing Date and (ii) the first Trading Day when the closing price of the Company Common Stock is greater than one hundred fifty percent (150%) of the Up-List Price.

Initial Conversion Date has the meaning set forth in Section 5.12(d)(i).

Examples of Initial Conversion Date in a sentence

• Such conversion right shall commence at the opening of business on the Initial Conversion Date and expire at the close of business on the Final Conversion Date.

• The period from the Initial Conversion Date to and including the Final Conversion Date is referred to herein as the "Conversion Option Period".

• Each Convertible Preferred Security shall be convertible at the option of the holder into shares of Common Stock of the Company following the Initial Conversion Date (as defined herein) at a conversion price equal to $16.50 per share.

• The Conversion Election will apply with respect to all of the Investor Units as well as all Units of Membership Interest in the Company that Investor has not yet acquired as of the Initial Conversion Date but may subsequently be required to purchase pursuant to Purchase Agreement (“Subsequent Units”), regardless of the holders of such Units and whether or not the Unit purchase obligation arises before or after the Initial Conversion Date.

• The Company will give prior notice of any such earlier Initial Conversion Date to the Warrant Agent by telephone or facsimile transmission and to the Warrantholders by mail or (at the Company's sole discretion) publication in a United States newspaper with a national circulation (currently expected to be The Wall Street Journal).

More Definitions of Initial Conversion Date

Initial Conversion Date means the first to occur of any of the following: (i) May 7, 2002, (ii) an agreement providing for a Business Combination is approved by the Board or a Business Combination is consummated, (iii) a Tender Offer for Common Stock is approved or recommended by the Board or (iv) there is a redemption, repurchase or reacquisition by the Company of Rights issued pursuant to the Rights Agreement or any waiver of the application of the Rights Agreement to any Beneficial Owner other than Purchaser or its Affiliates except in the case of this clause (iv) as approved by the Purchaser's representative to the Board.

Initial Conversion Date means the next business day after the Charter Amendment Date.

Initial Conversion Date means the next business day after the Charter Amendment Date, provided, however if there are sufficient shares of authorized Common Stock to cover the conversion of all outstanding shares of Preferred Stock into Common Stock as of the Closing Date, the Initial Conversion Date shall be the Closing Date.

Initial Conversion Date means the latest of (i) 90 days following the date of original issuance of the Convertible Preferred Securities, (ii) the date on which approval is obtained in accordance with Regulation 14A of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), by the stockholders of the Company entitled to vote thereon (the "Stockholders Conversion Vote") of the issuance of Common Stock upon the conversion of the Convertible Preferred Securities upon the terms and conditions set forth in the Certificate of Designation and (iii) the date upon which all waiting periods under the ▇▇▇▇-▇▇▇▇▇-▇▇▇▇▇▇ Antitrust Improvements Act of 1976, as amended (the "▇▇▇▇-▇▇▇▇▇-▇▇▇▇▇▇ Act"), have expired or been terminated."

Initial Conversion Date means the date of the closing of the Reg A+.

Initial Conversion Date means the first day following the Record Date (as defined in the Partnership Agreement) for distribution in respect of the Quarter (as defined in the Partnership Agreement) ended June 30, 2000 in accordance with the terms and conditions of the Partnership Agreement.

Initial Conversion Date means the date which is 180 calendar days after the Initial Bridge Preferred Issue Date