Examples of Maximum Conversion Amount in a sentence
Following any exercise, in whole or in part, of the conversion rights under this Instrument, the Maximum Conversion Amount available for any subsequent exercise of the conversion rights under this Instrument shall be reduced by the Aggregate Conversion Amount paid by the Holder in connection with such exercise.
For the avoidance of doubt, the maximum amount of the Outstanding Loan that shall be capable of converting into Ordinary B Shares in accordance with this clause 6 shall be the Maximum Conversion Amount.
OTHER BENEFITS Waiver Of Premium: YesAccelerated Benefit: Yes OTHER PROVISIONS Limits on Right To Convert if Group Policy terminatesor is amended:Minimum Time Insured: 5 years Maximum Conversion Amount: $2,000 Suicide Exclusion: Applies to:a.
See Coverage Features.Minor dependent children are not subject to the Minimum Time Insured and the Maximum Conversion Amount shown in Coverage Features.
OTHER BENEFITS Accelerated Benefit: Yes OTHER PROVISIONS Limits on Right To Convert if Group Policy terminates or is amended: Minimum Time Insured: 5 years Maximum Conversion Amount: $2,000 Leave of Absence Provision: For activated military reservists: Insurance is continued during a leave of absence scheduled to last 12 months or the end of the military activation, whichever is less.
The Holder shall notify the Borrower in writing of its election to convert all or part of the Maximum Conversion Amount (“Conversion Amount”) in accordance with Section 3.1 (“Conversion Notice”).
OTHER PROVISIONS Limits on Right To Convert if Group Policy terminates or is amended: Minimum Time Insured: 5 years Maximum Conversion Amount: $2,000 Leave Of Absence Period: 60 days Insurance Eligible For Portability: If as a retired Member you are insured or eligible for insurance under the Group Policy, the amount eligible for portability will be reduced by the amount of coverage continued under the Group Policy, subject to the amounts below.
In the event that some but not all of the Series B Preferred Stock are specified in a conversion notice seeking conversion pursuant to paragraph 5(b)(ii), the number of shares of Common Stock issued in such partial conversion shall not exceed the product of the Second Maximum Conversion Amount multiplied by the quotient of the number of shares of Series B Preferred Stock specified in the conversion notice divided by 10,000.
OTHER BENEFITS Waiver Of Premium: YesAccelerated Benefit: Yes OTHER PROVISIONS Limits on Right To Convert if Group Policy terminatesor is amended:Minimum Time Insured: 5 years Maximum Conversion Amount: $2,000 Leave Of Absence Period: 60 daysContinuity Of Coverage: YesStrike Continuation: Yes.
Any principal and Interest amount that remains after the Conversion of up to the Maximum Conversion Amount shall remain due and payable on the books of the Company.