Optional Conversion definition

Optional Conversion means the conversion of any Convertible Preferred Stock other than a Mandatory Conversion.
Optional Conversion means the conversion of units of the Designated Preferred into Common Interests at the then-applicable Conversion Rate, either (i) in whole or in part, at any time or from time to time, at the election of the Issuer, subject to the requirements and conditions set forth in Section 6(a)(i)(A), or (ii) in whole or in part, at the election of the Holder, upon any public offering of the Common Interests or upon the occurrence of a Change of Control of the Issuer, subject to the requirements and conditions set forth in Section 6(a)(i)(B).
Optional Conversion shall have the meaning set forth in Section 6(a)(i).

Examples of Optional Conversion in a sentence

  • Convertible Preferred Stock may be surrendered for Optional Conversion only after the Open of Business and before the Close of Business on a day that is a Business Day.

  • To convert any share of Convertible Preferred Stock pursuant to an Optional Conversion, the Holder of such share must(w) complete, manually sign and deliver to the Company an Optional Conversion Notice; (x) deliver any Physical Certificate(s) representing such Convertible Preferred Stock to the Company (at which time such Optional Conversion will become irrevocable); (y) furnish any endorsements and transfer documents that the Company may require; and (z) if applicable, pay any documentary or other taxes.

  • Second Buy-back Scheme – This relates to the buy-back of CPS on an Optional Conversion/ Redemption Date (being any Dividend Payment Date for the CPS falling on or after 31 March 2018) within 12 months from the date of the AGM.

  • Notwithstanding anything to the contrary in this Section 10(e)(iii), the Company will not be entitled to exercise its right to settle any Optional Conversion of Convertible Preferred Stock in cash pursuant to this Section 10(e)(iii) unless the Company has sufficient funds legally available, and is permitted under the terms of its indebtedness for borrowed money, to fully pay the cash amounts that would be payable in respect of such election.

  • For the avoidance of doubt, any such contingent Optional Conversion shall occur prior to the Repurchase Upon a Fundamental Change that would have otherwise been effected in connection with such Fundamental Change and shall be deemed to occur during any related Make-Whole Fundamental Change Conversion Period.


More Definitions of Optional Conversion

Optional Conversion has the meaning set forth in Section 6(a).
Optional Conversion shall have the meaning set forth in Section 3(3).
Optional Conversion means a conversion of this Note to Common Stock at the option of the Holder in accordance with Section 3.1(a).
Optional Conversion means any optional conversion upon a call for prepayment under Section 2.2.
Optional Conversion means the conversion of any outstanding shares of Convertible Preferred Stock pursuant to Section 11 other than a Mandatory Conversion.
Optional Conversion means the conversion described in Section 3.1 of this Agreement.
Optional Conversion means the conversion of any Convertible Preferred Stock other than pursuant to a Mandatory Conversion.