Permitted Conversion Feature definition

Permitted Conversion Feature means, collectively, the Conversion Rights or any Similar Conversion Rights.
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Permitted Conversion Feature means with respect to any Share of any Fund, a Conversion Feature in respect of such Fund which, by its terms, may not become effective prior to the calendar month following the calendar month in which falls the eighth (8th) year anniversary of the issuance of such Share or, if such Share constitutes an Exchange Share, of the Share from which such Exchange Share derives; provided, that the amount of Free Shares of any holder relating to any Fund shall convert in proportion to the number of Commission Shares of that holder in such Fund being converted on such date.
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Permitted Conversion Feature means with respect to any Share of any ---------------------------- Fund, a Conversion Feature in respect of such Fund which, by its terms, may not become effective prior to the calendar month following the calendar month in which falls the eighth year anniversary of the issuance of such Share or, if such Share constitutes an Exchange Share, of the Share from which such Exchange Share derives; provided, that Free Shares of any holder relating to any Fund -------- shall convert in proportion to the number of Shares (other than Free Shares) of that holder in such Fund being converted on such date.
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Examples of Permitted Conversion Feature in a sentence

  • Any cash payments made in respect of a Permitted Conversion Feature shall otherwise comply with the terms and conditions of this Agreement.

  • Any cash payments made in respect of a Revolving Credit Agreement Permitted Conversion Feature shall otherwise comply with the terms and conditions of this Agreement.


More Definitions of Permitted Conversion Feature

Permitted Conversion Feature means a conversion feature which may become effective: (A) in respect of any Share of any Fund (other than an Exchange Share or a Share issued in connection with the reinvestment of dividends (a "Reinvestment Share")), no earlier than the seventh anniversary of the calendar month in which such Share was issued by such Fund, and (B) in respect of any Exchange Share of any Fund, no earlier than the seventh anniversary of the calendar month in which was issued the first Share of any Fund exchanged in one or more Permitted Free Exchanges giving rise to such Exchange Share, which was itself issued by a Fund other than in connection with a Permitted Free Exchange; and (C) in respect of Reinvestment Shares of any Fund held for a shareholder account (other than an Omnibus Account), in proportion to the conversion of Shares of such Fund in such account which are not Reinvestment Shares.
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Permitted Conversion Feature means with respect to any Share of any Fund, a Conversion Feature in respect of such Fund which, by its terms, may not become effective prior to the eighth year anniversary (seventh year anniversary in respect of any Share of the AIM Global Trends Fund issued prior to May 29, 1998) of the issuance of such Share or, if such Share constitutes an Exchange Share, of the Share from which such Exchange Share derives; provided, that Free Shares of any holder relating to any Fund shall convert in proportion to the number of Shares (other than Free Shares) of that holder in such Fund being converted on such date.
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Permitted Conversion Feature means with respect to any Share of any Fund, a Conversion Feature described in Schedule IV, attached hereto, in respect of such Fund which, by its terms, may not become effective prior to the date on which the eighth (8th) anniversary of the date of the issuance of such Share occurs.
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Permitted Conversion Feature means with respect to any Share of any Fund, a Conversion Feature in respect of such Fund which, by its terms, may not become effective: (i) in respect of any Commission Share of such Fund with a Date of Original Issuance prior to October 1, 1998, prior to the first day of the calendar quarter in which the 96 month anniversary of the Date of Original Issuance for such Commission Share occurs, (ii) in respect of any Commission Share of such Fund with a Date of Original Issuance on or after October 1, 1998, prior to the first day of the calendar month in which the 96 month anniversary of the Date of Original Issuance for such Commission Share occurs, and (iii) in respect of any Free Shares of such Fund, prior to the date the Commission Share of such Fund in respect of which such Free Share was issued, is converted pursuant to a Conversion Feature meeting the requirement of clause (i) of this definition; PROVIDED, HOWEVER that (a) in the case of the Pioneer Intermediate Tax Free Fund, so long as such Fund has a six (6) year Contingent Deferred Sales Charge schedule, the number "96" in each of (i) and (ii) above shall be replaced with the number "72", and (b) in the case of the Pioneer Short-Term Income Trust, so long as such Fund has a five (5) year Contingent Deferred Sales Charge schedule, the number "96" in each of (i) and (ii) above shall be replaced with the number "60".
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Permitted Conversion Feature means with respect to any Share of any Fund, a Conversion Feature in respect of such Fund which, by its terms, may not become effective prior to the calendar month following the calendar month in which falls the eighth (8th) year anniversary of the issuance of such Share or, if such Share constitutes an Exchange Share, of the Share from which such Exchange Share derives; PROVIDED, that the amount of Free Shares of any holder relating to any Fund shall convert in proportion to the number of Commission Shares of that holder in such Fund being converted on such date.
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Permitted Conversion Feature means with respect to any Share of any Fund, a Conversion Feature described in Schedule III to the Security Agreement, as such schedule may be amended from time to time in accordance with this Agreement.
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Related to Permitted Conversion Feature

  • Permitted Convertible Notes means any unsecured notes issued by the Company in accordance with the terms and conditions of Section 6.01 that are convertible into a fixed number (subject to customary anti-dilution adjustments, “make-whole” increases and other customary changes thereto) of shares of common stock of the Company (or other securities or property following a merger event or other change of the common stock of the Company), cash or any combination thereof (with the amount of such cash or such combination determined by reference to the market price of such common stock or such other securities); provided that, the Indebtedness thereunder must satisfy each of the following conditions: (i) both immediately prior to and after giving effect (including pro forma effect) thereto, no Default or Event of Default shall exist or result therefrom, (ii) such Indebtedness matures after, and does not require any scheduled amortization or other scheduled or otherwise required payments of principal prior to, and does not permit any Loan Party to elect optional redemption or optional acceleration that would be settled on a date prior to, the date that is six (6) months after the Maturity Date (it being understood that neither (x) any provision requiring an offer to purchase such Indebtedness as a result of change of control or other fundamental change (which change of control or other fundamental change, for the avoidance of doubt, constitutes a “Change of Control” hereunder), which purchase is settled on a date no earlier than the date twenty (20) Business Days following the occurrence of such change of control or other fundamental change nor (y) any early conversion of any Permitted Convertible Notes in accordance with the terms thereof, in either case, shall violate the foregoing restriction), (iii) such Indebtedness is not guaranteed by any Subsidiary of the Company other than the Subsidiary Borrowers or Subsidiary Guarantors (which guarantees, if such Indebtedness is subordinated, shall be expressly subordinated to the Secured Obligations on terms not less favorable to the Lenders than the subordination terms of such Subordinated Indebtedness), (iv) any cross-default or cross-acceleration event of default (each howsoever defined) provision contained therein that relates to indebtedness or other payment obligations of any Loan Party (such indebtedness or other payment obligations, a “Cross-Default Reference Obligation”) contains a cure period of at least thirty (30) calendar days (after written notice to the issuer of such Indebtedness by the trustee or to such issuer and such trustee by holders of at least 25% in aggregate principal amount of such Indebtedness then outstanding) before a default, event of default, acceleration or other event or condition under such Cross-Default Reference Obligation results in an event of default under such cross-default or cross-acceleration provision and (v) the terms, conditions and covenants of such Indebtedness must be customary for convertible Indebtedness of such type (as determined by the board of directors of the Company, or a committee thereof, in good faith).

  • Permitted Convertible Debt means Indebtedness of the Borrower that is convertible into a fixed number (subject to customary anti-dilution adjustments, “make-whole” increases and other customary changes thereto) of shares of Common Stock (or other securities or property following a merger event or other change of the Common Stock), cash or any combination thereof (with the amount of such cash or such combination determined by reference to the market price of such Common Stock or such other securities); provided that such Indebtedness shall (a) not require any scheduled amortization or otherwise require payment of principal prior to, or have a scheduled maturity date earlier than, one hundred eighty (180) days after the Term Loan Maturity Date, (b) be unsecured, (c) not be guaranteed by any Subsidiary of Borrower, and (d) be on terms and conditions customary for Indebtedness of such type, as determined in good faith by the board of directors of the Borrower or a committee thereof; provided further, that any cross-default or cross-acceleration event of default (each howsoever defined) provision contained therein that relates to indebtedness or other payment obligations of Borrower (or any of its Subsidiaries) (such indebtedness or other payment obligations, a “Cross-Default Reference Obligation”) contains a cure period of at least thirty (30) calendar days (after written notice to the issuer of such Indebtedness by the trustee or to such issuer and such trustee by holders of at least 25% in aggregate principal amount of such Indebtedness then outstanding) before a default, event of default, acceleration or other event or condition under such Cross-Default Reference Obligation results in an event of default under such cross-default or cross-acceleration provision.

  • Optional Conversion has the meaning set forth in Section 6(a).

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

  • Mandatory Tender Notice means, in connection with the Mandatory Tender of VRDP Shares, a notice, substantially in the form attached to the VRDP Shares Remarketing Agreement as Annex II, delivered by the Fund or the Tender and Paying Agent on behalf of the Fund to the Holders and the Liquidity Provider in accordance with this Agreement and specifying a Mandatory Tender Event and Purchase Date.

  • 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.

  • Forced Conversion Notice Date shall have the meaning set forth in Section 6(d).

  • Automatic Conversion means the irrevocable and automatic release of all of the Company’s obligations under the Securities (other than the CSO Obligations, if any) in consideration of the Company’s issuance of the Conversion Shares at the Conversion Price to the Conversion Shares Depository (on behalf of the Holders and Beneficial Owners of the Securities) or to the relevant recipient of such Conversion Shares, all in accordance with the terms of the Securities.

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

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

  • Make-Whole Fundamental Change Conversion Period has the following meaning:

  • Forced Conversion Date shall have the meaning set forth in Section 6(d).

  • Forced Conversion has the meaning set forth in Section 4.05(c) hereof.

  • Forced Conversion Notice has the meaning set forth in Section 4.05(c) hereof.

  • Automatic Conversion Date shall have the meaning specified in Section 15.12(a).

  • Continuation/Conversion Date means the date on which a Loan is converted into or continued as a LIBOR Rate Loan.

  • Continuation/Conversion Notice means a notice of continuation or conversion and certificate duly executed by an Authorized Officer of the Borrower, substantially in the form of Exhibit C hereto.

  • Fixed Conversion Price shall have the meaning set forth in Section 4(b).

  • Permitted Convertible Indebtedness Call Transaction means any Permitted Bond Hedge Transaction and any Permitted Warrant Transaction.

  • Fixed Conversion Rates means the Maximum Conversion Rate and the Minimum Conversion Rate.

  • Change of Control Conversion Date shall have the meaning provided in the Articles Supplementary.

  • Term Loan Conversion Date means the Termination Date on which all Revolving Credit Advances outstanding on such date are converted into a term loan pursuant to Section 2.06.

  • Conversion Event means the cessation of use of (i) a Foreign Currency both by the government of the country or the confederation which issued such Foreign Currency and for the settlement of transactions by a central bank or other public institutions of or within the international banking community or (ii) any currency unit or composite currency for the purposes for which it was established.

  • Permitted Convertible Indebtedness means senior, unsecured Indebtedness of the Borrower or any Restricted Subsidiary that is convertible into shares of common stock of the Borrower (or other securities or property following a merger event, reclassification or other change of the common stock of the Borrower), cash or a combination thereof (such amount of cash determined by reference to the price of the Borrower’s common stock or such other securities or property), and cash in lieu of fractional shares of common stock of the Borrower.

  • Mandatory Tender with respect to a Mandatory Tender Event, means the mandatory tender of all VRDP Shares by Holders for Remarketing, or, in the event (i) no Remarketing occurs on or before the Purchase Date or (ii) pursuant to an attempted Remarketing, VRDP Shares remain unsold and the Remarketing Agent does not purchase for its own account the unsold VRDP Shares tendered to the Tender and Paying Agent for Remarketing (provided, that the Remarketing Agent may seek to sell such VRDP Shares in a subsequent Remarketing prior to the Purchase Date), for purchase by the Liquidity Provider at the Purchase Price pursuant to Section 2 of Part II of the Articles Supplementary and the VRDP Shares Purchase Agreement.