Mandatory Conversion/Redemption Date definition

Mandatory Conversion/Redemption Date means thirty (30) days after the date of a Triggering Financing.
Sample 1

Examples of Mandatory Conversion/Redemption Date in a sentence

  • Unless otherwise converted or redeemed, upon the Mandatory Conversion/Redemption Date, all outstanding shares of Series B Preferred plus accrued dividends shall, at the option of the holder of Series B Preferred, be redeemed by the Corporation in an amount in cash equal to the Preference Amount or be converted automatically into such number of shares of Common Stock determined by dividing the Stated Value of such shares of Series B Preferred and accrued dividends by the Mandatory Conversion Price.

Related to Mandatory Conversion/Redemption Date

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

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

  • Series A Redemption Date has the meaning set forth in Section 16.6.

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

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

  • Early Redemption Date means the date on which the Notes become due and payable pursuant to Condition 9;

  • Tax Redemption Date shall have the meaning specified in Section 16.02(a).

  • Optional Redemption Amount (Call) means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, the relevant Final Terms;

  • Automatic Early Redemption Date means each Automatic Early Redemption Date specified in the relevant Final Terms.

  • Make-Whole Redemption Amount means the sum of:

  • Interest Conversion Price means, with respect to any Interest Date, that price which shall be computed as 100.0% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the ten (10) consecutive Trading Days immediately preceding the applicable Interest Date (each, an “Interest Measuring Period”). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during such period.

  • Mandatory Redemption Date means, in respect of a Mandatory Redemption Event, the date designated as such in accordance with Condition 8.7.

  • Term Redemption Date means, with respect to any Series, the date specified as the Term Redemption Date in the Appendix for such Series.

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

  • Final Redemption Date means for each Series, the final redemption date specified in the Final Terms for such Series.

  • Triggering Redemption Amount means, for each share of Preferred Stock, the sum of (a) the greater of (i) 130% of the Stated Value and (ii) the product of (y) the VWAP on the Trading Day immediately preceding the date of the Triggering Event and (z) the Stated Value divided by the then Conversion Price, (b) all accrued but unpaid dividends thereon and (c) all liquidated damages and other costs, expenses or amounts due in respect of the Preferred Stock.

  • Optional Redemption Amount means the sum of (a) 120% of the then outstanding principal amount of the Debenture, (b) accrued but unpaid interest and (c) all liquidated damages and other amounts due in respect of the Debenture.

  • Redemption Amount means, as appropriate, the Final Redemption Amount, the Early Redemption Amount (Tax), the Optional Redemption Amount (Call), the Optional Redemption Amount (Put), the Early Termination Amount or such other amount in the nature of a redemption amount as may be specified in, or determined in accordance with the provisions of, the relevant Final Terms;