Optional Conversion Date definition

Optional Conversion Date means, with respect to the Optional Conversion of any Convertible Preferred Stock, the first Business Day on which the requirements set forth in Section 10(d)(ii) for such conversion are satisfied.

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Optional Conversion Date has the meaning assigned to it in Section 8(a) hereof.

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

Examples of Optional Conversion Date in a sentence

To convert the Safes to Company Common Stock pursuant to this Section 1(b), the Majority Holders must deliver written notice of such election to the Company following the Optional Conversion Date and prior to the termination of this Safe (the “Optional Conversion Election”).
Within 20 days of the Maturity Date and each Optional Conversion Date, if any, the Maker shall transmit to the Holder the number of shares of Common Stock representing full repayment of the Conversion Amount being made on such date, and cash to the extent interest due on such date is being paid in cash, together with an explanation of the calculation of the share and cash amounts being transmitted.
In the event Borrower converts to a Variable Interest Rate on any Annual Optional Conversion Date, such rate shall be subject to the following terms: The Variable Rate shall change in accordance with Sections 3.6.1 below and interest shall accrue at the Variable Interest Rate as established by Lender for the interest rate group to which this Note is assigned.
The person or persons entitled to receive the shares of Common Stock issuable upon a conversion of this Note shall be treated for all purposes as the record holder or holders of such shares of Common Stock on the Maturity Date or Optional Conversion Date, as applicable.
Interest payable hereunder shall be paid on the earlier of the Maturity Date or the Optional Conversion Date of the outstanding principal amount of the Note as to which such interest has accrued.

More Definitions of Optional Conversion Date

Optional Conversion Date means the effective date of an optional conversion of the shares of Series A Preferred Stock pursuant to Section 3(3).

Optional Conversion Date means a date on or after June 3, 1998, which shall be a Business Day, from and after which the interest rate on the Bonds is converted from the Floating Rate to the Fixed Rate as a result of the exercise by the Company of the Conversion Option in accordance with the terms of this Indenture.

Optional Conversion Date has the meaning assigned to such term in Section 5.12(b)(vi)(B).

Optional Conversion Date means the date on which a holder complies with the procedures set forth in this Section (D) of this Article VII.

Optional Conversion Date shall have the meaning ascribed thereto in Section 2.1 of the Agreement.

Optional Conversion Date means that date, which shall be a Business Day, from and after which the interest rate on the Bonds is converted from the Floating Rate to the Fixed Rate as a result of the exercise by the Borrower of the Conversion Option; the term "Conversion Option" means the option granted to the Borrower in the Indenture pursuant to which the interest rate on the Bonds is converted from the Floating Rate to the Fixed Rate as of the Optional Conversion Date; the term "Purchase Price" means an amount equal to 100% of the principal amount of any Bond tendered or deemed tendered for purchase pursuant to the Indenture or with respect to which the Demand Purchase Option has been exercised, plus accrued and unpaid interest thereon to the date of purchase. The interest rate on the Bonds may be converted from the Floating Rate to the Fixed Rate upon satisfaction of certain conditions and notice given by the Trustee at the direction of the Borrower to the Owners of the Bonds at least twenty (20) days but not more than thirty (30) days prior to the Conversion Date in accordance with the requirements of the Indenture, and the Bonds shall be subject to mandatory tender by the Owners thereof on the Conversion Date. On and after the Conversion Date, the Demand Purchase Option will not be available to the Owners of the Bonds. On or prior to the Conversion Date, owners of the Bonds shall be required to deliver their Bonds to the Tender Agent for purchase at the Purchase Price. Accrued interest on the Bonds will be payable on the Conversion Date to the Owners of Bonds as of the Conversion Date. Any Bonds not delivered to the Tender Agent on or prior to the Conversion Date ("Undelivered Bonds"), for which there has been irrevocably deposited in trust with the Trustee or the Tender Agent an amount of money sufficient to pay the Purchase Price of the Undelivered Bonds, shall be deemed to have been purchased at the Purchase Price and are deemed to be no longer outstanding with respect to such prior Owners. IN THE EVENT OF A FAILURE BY AN OWNER OF BONDS TO DELIVER ITS BONDS ON OR PRIOR TO THE CONVERSION DATE, SAID OWNER SHALL NOT BE ENTITLED TO ANY PAYMENT (INCLUDING ANY INTEREST TO ACCRUE ON OR SUBSEQUENT TO THE CONVERSION DATE) OTHER THAN THE PURCHASE PRICE FOR SUCH UNDELIVERED BONDS, AND ANY UNDELIVERED BONDS SHALL NO LONGER BE ENTITLED TO THE BENEFITS OF THE INDENTURE, EXCEPT FOR THE PURPOSE OF PAYMENT OF THE PURCHASE PRICE THEREFOR.