Mandatory Conversion Time definition

Mandatory Conversion Time means the time of any conversion of shares of Class B Common Stock into shares of Class A Common Stock in accordance with this Article V, other than any voluntary conversion pursuant to Article V, Section A hereof.

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Mandatory Conversion Time has the meaning specified in Section 9.9(a).

Mandatory Conversion Time means the time of the closing of a Triggering IPO, or the date and time specified or the time of the event specified in such vote or written consent relating to a Series D Triggering Election or Series E Triggering Election.

Examples of Mandatory Conversion Time in a sentence

• For the avoidance of doubt, the Mandatory Conversion of the Series B Preferred Stock with a Mandatory Conversion Time prior to June 20, 2035 will constitute a Make-Whole Change in Control pursuant to clause (B) of the definition thereof.

• Prior to the Mandatory Conversion Time specified in the Mandatory Conversion Notice, each Holder shall, if such Holder’s shares are certificated, surrender the certificate or certificates for such shares of Series B Preferred Stock at the office of the Transfer Agent and state such ▇▇▇▇▇▇’s name or the names of the nominees in which such ▇▇▇▇▇▇ wishes the shares of Common Stock to be issued.

• The Corporation shall, on the date of the Mandatory Conversion Time, issue and deliver to such Holder the number of shares of Common Stock in accordance with the provisions hereof.

• All shares of Series B Preferred Stock which shall have been surrendered for conversion as herein provided shall no longer be deemed to be outstanding, all rights with respect to such shares shall immediately cease and terminate, and Dividends shall no longer accrue or be declared on any such shares of Series B Preferred Stock at the Mandatory Conversion Time, except only the right of the Holders thereof to receive shares of Common Stock in exchange therefor.

• Until the Mandatory Conversion Time with respect to any share of Series B Preferred Stock has occurred, such share of Series B Preferred Stock will remain outstanding and will be entitled to all of the powers, designations, preferences and other rights provided herein.

More Definitions of Mandatory Conversion Time

Mandatory Conversion Time means 8:00 a.m. Eastern Time on the Mandatory Conversion Date.

Mandatory Conversion Time has the meaning set forth in Section A.5.b.i of Article Fifth.

Mandatory Conversion Time means the time of any mandatory conversion of the shares of Series D Preferred Stock required by the Company’s certificate of incorporation (as it may be amended or restated from time to time (the “Charter”)).

Mandatory Conversion Time is defined in Section 3.8.1.

Mandatory Conversion Time means the time of any mandatory conversion of the Series D Preferred Shares required by the Charter.

Mandatory Conversion Time has the meaning given to it in Article 22.

Mandatory Conversion Time shall have the meaning assigned to such term in Section 6(a)(ii).