Mandatory Conversion Date definition

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

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

Mandatory Conversion Date shall have the meaning specified in Section 9(d).

Examples of Mandatory Conversion Date in a sentence

• If an Event of Default occurs hereunder, EQK does not exercise the Conversion Option, and fails to pay the Outstanding Balance by the Mandatory Conversion Date, the exclusive remedy of the Lender shall be to receive EQK common shares in satisfaction of the Outstanding Balance and the Lender agrees to waive all rights to exercise any and all rights and remedies available to Lender under any applicable law.

• Upon a Mandatory Conversion hereunder, the Holder shall surrender this Note as promptly as is reasonably practicable after the Mandatory Conversion Date without delaying the Company’s obligation to deliver the shares on the Share Delivery Date.

• No adjustment to the Conversion Rate shall be required unless such adjustment would require an increase or a decrease of at least one percent in the Conversion Rate; provided that any adjustments not so made shall be carried forward and taken into account in any subsequent adjustment and notwithstanding whether or not such one percent of a share threshold shall have been met, all such adjustments shall be made on the Mandatory Conversion Date.

• On the Mandatory Conversion Date, the Conversion Rate shall be determined by reference to the Applicable Market Value of the Exchange Property Units.

• The Company shall deliver to the Holder written notice of the Mandatory Conversion, including the material terms thereof and a calculation of the Conversion Price with supporting detail, at least twenty (20) days prior to the proposed Mandatory Conversion Date.

More Definitions of Mandatory Conversion Date

Mandatory Conversion Date has the meaning ascribed thereto in Section 4.5(b);

Mandatory Conversion Date means the Conversion Date for a Mandatory Conversion, as provided in Section 14.03(c).

Mandatory Conversion Date means, with respect to the shares of Series B Preferred Stock, the third Business Day after which the Corporation has received the Shareholder Approvals (or if a Reorganization Event has theretofore been consummated, the date of consummation of such Reorganization Event), provided, however, that if a Mandatory Conversion Date would otherwise occur on or after an Ex-Date for an issuance or distribution that results in an adjustment of the Conversion Price pursuant to Section 10 and on or before the Record Date for such issuance or distribution, such Mandatory Conversion Date shall instead occur on the first calendar day after the Record Date for such issuance or distribution.

Mandatory Conversion Date means the third Business Day immediately following the last Trading Day of the Final Averaging Period.

Mandatory Conversion Date means the second Business Day immediately following the last Trading Day of the Settlement Period.

Mandatory Conversion Date means the second Business Day immediately following the last Trading Day of the Settlement Period. The Mandatory Conversion Date is expected to be May 15, 2022. If the Mandatory Conversion Date occurs after May 15, 2022 (whether because a Scheduled Trading Day during the Settlement Period is not a Trading Day due to the occurrence of a Market Disruption Event or otherwise), no interest or other amounts will accrue as a result of such postponement.

Mandatory Conversion Date means the seventh anniversary of the Original Issue Date.