Right to Convert definition

Right to Convert. Subject to the provisions for adjustment hereinafter set forth, each share of Series A Preferred shall be convertible in the manner hereinafter set forth into fully paid and nonassessable shares of Common Stock. Commencing upon issuance, the Liquidation Preference of each share of Series A Preferred (a “Series A Share”) may, at the option of the holder thereof, be converted into such number of fully paid and nonassessable whole shares of Common Stock as determined by dividing the Liquidation Preference by $1.25 (the “Conversion Ratio”). Such rights of conversion shall be exercised by the holder thereof by giving written notice that the holder elects to convert a stated number of shares of Series A Preferred into Common Stock and by surrender of a certificate or certificates for the shares to be so converted to the Corporation at its principal office (or such other office or agency of the Corporation as the Corporation may designate by notice in writing to the holder or holders of the Series A Preferred) at any time during its usual business hours on the date set forth in such notice, together with a statement of the name or names (with address), subject to compliance with applicable laws to the extent such designation shall involve a transfer, in which the certificate or certificates for shares of Common Stock.”
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Right to Convert. Subject to the provisions for adjustment hereinafter set forth, each share of Series B Preferred shall be convertible in the manner hereinafter set forth into fully paid and nonassessable shares of Common Stock. Commencing upon issuance, each share of Series B-1 Preferred may, at the option of the holder thereof, be converted into such number of fully paid and nonassessable whole shares of Common Stock as determined by dividing the Liquidation Preference by $1.25, and each share of Series B-2 Preferred may, at the option of the holder thereof, be converted into such number of fully paid and nonassessable whole shares of Common Stock as determined by dividing the Liquidation Preference by $1.5625 (the “Conversion Ratio”). Such rights of conversion shall be exercised by the holder thereof by giving written notice to the Corporation that the holder elects to convert a stated number of shares of the applicable Series B Preferred into Common Stock and by surrender of a certificate or certificates for the shares to be so converted to the Corporation at its principal office (or such other office or agency of the Corporation as the Corporation may designate by notice in writing to the holder or holders of the Series B Preferred) at any time during its usual business hours on the date set forth in such notice, together with a statement of the name or names, subject to compliance with applicable laws to the extent such designation shall involve a transfer, in which the certificate or certificates for shares of Common Stock are to be issued. The Corporation shall, as soon as possible thereafter and in no case more than three (3) business days, issue and deliver at such office to such holder of Series B Preferred, or to the nominee or nominees of such holder, a certificate or certificates for the number of shares of Common Stock to which such holder shall be entitled as aforesaid. Such conversion shall be deemed to have been made immediately prior to the close of business on the date of such surrender of the shares of the applicable Series B Preferred to be converted, and the person or persons entitled to receive the shares of Common Stock issuable upon such conversion shall be treated for all purposes as the record holder or holders of such shares of Common Stock as of such date.” Except as specifically amended hereby, the terms of the Agreement shall remain in full force and effect. This letter agreement shall be governed by and construed in accordance with the Laws...
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Examples of Right to Convert in a sentence

  • Right to Convert to Individual CoverageA Participant who is not a Quebec Participant and who is no longer eligible under this benefit may convert their group coverage to a similar individual drug plan provided by Blue Cross.Individual policies issued under this conversion option are subject to the terms and conditions specified in theRight to Convert to Individual Coverage found under the Coverage Details of this booklet.

  • Right to Convert to Individual CoverageA Participant who is no longer eligible for coverage under this benefit may convert their group coverage to a similar individual extended health care plan provided by Blue Cross.

  • The holders of the Preferred Stock shall have conversion rights as follows (the “Conversion Rights”):(a) Right to Convert.

  • You must attach the completed Employer Notice of Right to Convert form (if applicable) when you submit your application for coverage.

  • The holders of the Preferred Stock shall have conversion rights as follows (the “Conversion Rights”): (a) Right to Convert.

  • Prior to the First Attack, NTAGANDA and other commanders promised looting to the UPC/FPLC troops, who were not paid.490 This promise 482 “[REDACTED].” [REDACTED].483 [REDACTED].484 [REDACTED].485 [REDACTED].486 [REDACTED].487 [REDACTED].488 This section concerns the crimes committed in or around Mongbwalu and Sayo.489 Elements of Crimes, p.36.490 [REDACTED].

  • The holders of the Series A Preferred Stock shall have conversion rights as follows (the "Conversion Rights"): (a) Right to Convert.

  • Individual policies issued under this conversion option are subject to the terms and conditions specified in the Right to Convert to Individual Coverage found under the Coverage Details of this booklet.

  • If you received this form because you are no longer eligible for Waiver of Premium, the Notice of Right to Convert form does not need to be completed.

  • The holders of the Series A Preferred Stock shall have conversion rights as follows:(a) Right to Convert.

Related to Right to Convert

  • Conversion Option means the Company’s option to convert some or all of the Series D Preferred Stock into that number of shares of Common Stock that are issuable at the then-applicable conversion rate as described in Section 8(c) of these Articles Supplementary.

  • Conversion Right has the meaning set forth in Section 4.05(a) hereof.

  • Election to Foreclose Any election by the Purchaser to proceed with the Commencement of Foreclosure, made in accordance with Section 2.03(a).

  • Convert “Conversion” and “Converted” each refers to a conversion of Advances of one Type into Advances of the other Type pursuant to Section 2.08 or 2.09.

  • right to information means the right to information accessible under this Act which is held by or under the control of any public authority and includes the right to—

  • Notice of Intent to Cure has the meaning specified in Section 6.02(b).

  • 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.

  • Early Opt-in Election means the occurrence of:

  • Demand Exercise Notice has the meaning set forth in Section 2.1(a).

  • Notice of Election to Purchase has the meaning assigned to such term in Section 15.1(b).

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

  • Conversion Notice has the meaning specified in Section 4.02(b).

  • Right shall have the meaning set forth in the second paragraph hereof.

  • Exchange Right has the meaning provided in Section 8.05(a) hereof.

  • Conversion Rights means exchange of, or the rights to exchange, the Principal Amount of the Loan, or any part thereof, for fully paid and nonassessable Common Stock on the terms and conditions provided in the Debentures.

  • Breach Notice has the meaning specified in Section 8.2(a);

  • Mandatory Conversion Notice has the meaning ascribed thereto in Section 4.5(a);

  • right of access means the right to be admitted to invest in the territory of the other Contracting Party, subject to the limits resulting from international agreements binding on both Contracting Parties.

  • Conversion Obligation shall have the meaning specified in Section 14.01(a).

  • Put Right has the meaning set forth in Section 8.05(a).

  • Call-by-call basis means any method of charging for telecommunications services where the price is measured by individual calls.

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

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

  • Put Notice has the meaning provided in Section 3.4.

  • Company Notice has the meaning specified in Section 14.3.

  • Restriction Notice has the meaning set forth in Section 8.04(f) hereof.