Second Conversion definition

Second Conversion shall have the meaning ascribed to such term in the Transaction Framework Agreement.
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Second Conversion means, after the implementation of the first conversion, the:
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Second Conversion has the meaning set forth in the Recitals.
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Examples of Second Conversion in a sentence

  • Paragraphs (ii) to (x) of this Paragraph 2.7 shall apply to the conversion of such Unconverted Additional Value Shares provided that the Second Conversion Date shall be 60 London Stock Exchange dealing days after the first day of the month following the month in which the Company becomes able to convert such shares in full.

  • The period referred to in paragraphs 6 and 7 above for the delivery of a Conversion Notice is the period falling not less than 90 and not more than 120 days prior to the Second Conversion Date.

  • Each holder of Convertible Preference Share(s) shall be entitled in the manner set out in (and subject to the provisions of) this Part 4 to convert into fully paid Ordinary Shares such of his Convertible Preference Shares as have not, as at the Conversion Notice Date, either been redeemed or been the subject of a valid Notice of Redemption given under paragraph 2.6 of Part 1, 2 or 3 (as applicable) of this Schedule 2 and specifying a date on or before the Second Conversion Date as the Redemption Date.

  • Borrowers shall pay principal and interest on the DLOC II First Conversion Amount and DLOC II Second Conversion Amount in the manner provided in the Credit Agreement.

  • The remaining 50% of the Performance Units that are earned based on performance will be converted to service-based Restricted Stock Units (“RSUs”) that will vest and be converted to actual Shares (one Share per unit) on the Second Conversion Date.

  • Converting Holders may, within 60 days of the Second Conversion Date submit a written notice to the Company (the ''Withdrawal Notice'') setting out the number of Convertible Preference Shares which they wish to withdraw from the conversion procedure set out in this Part 4.

  • Any Additional Value Shares which could not be converted as at the First Conversion Date and the Second Conversion Date shall be ''Unconverted Additional Value Shares''.

  • Any Convertible Preference Shares which were the subject of a Conversion Notice and which could not be converted under the Relevant Shareholder Approvals in place as at the First Conversion Date and the Second Conversion Date and which are not the subject of a Withdrawal Notice shall be ''Unconverted Preference Shares''.

  • Borrowers shall pay principal and interest on the First Conversion Amount and Second Conversion Amount in the manner provided in the Credit Agreement.

  • The Conversion Price shall be equal to the product of (A) the average closing price per share of the Company's Common Stock as reported on the OTC Bulletin Board (or such other market on which such shares of Common Stock are then listed) for the thirty (30) trading days immediately preceding the date of the applicable Conversion Date; multiplied by (B) 70% on the First Conversion Date, 60% on the Second Conversion Date, 50% on the Third Conversion Date and 40% on the Fourth Conversion Date.


More Definitions of Second Conversion

Second Conversion conversion of Facility C into equity after the Effective Date: After the Initial Conversion each holder of convertible Facility C will be entitled to voluntarily convert its unconverted portion of convertible Facility C at the Conversion Price in quarterly windows. On the second anniversary of the Effective Date, the unconverted portion of Facility C convertible instruments not converted 5 Business Days prior to that second anniversary will be converted into equity at the Conversion Price. If an Accepting Conversion Creditor claims the benefit of the Shareholding Limit, that Creditor will not be required to hold more than 9,99% of equity (the uncoverted Facility C to remain outstanding until paid or written off as provided herein). The Existing Shareholders are entitled to hold 5% of the Company’s shares at all times (subject to the adjustment mechanism set out below). If the aggregate amount of shares held by the Existing Shareholders is diluted as a result of any additional Facility C conversions post-Financial Restructuring, additional shares will be issued to the Existing Shareholders to maintain their 5% shareholding in aggregate in the Company provided that no additional shares can be issued to the Existing Shareholders if the Aggregate Cap is exceeded (including if the Creditors have consented to such increase). A worked example is enclosed as Schedule III.
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Second Conversion means the proposed conversion of the consideration payable for the asset transfer mentioned in Recital (C) (or such part thereof as determined pursuant to the Debt Reduction Agreement) into such number of shares of the Company’s common stock to be issued to Xx Xx or his designees at a price per share that is the greater of (a) the Placement Price, and (b) the average closing price of the Company’s common stock as reported on The NASDAQ Capital Market for the five (5) trading days prior to such asset transfer (or otherwise on such other terms and conditions as Xx Xx and the Company may agree to);
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Second Conversion means the earlier of one hundred twenty (120) calendar days after the Closing Date, or thirty (30) days from the Registration Effective Date, Purchaser may convert the remaining portion of its initial investment, including any and all interest and liquidated damages, if any, can be converted.
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Second Conversion means the conversion of the Second Convertible Loan to Shares;
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Related to Second Conversion

  • Optional Conversion means the conversion of any Convertible Preferred Stock other than a Mandatory Conversion.

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

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

  • Date of Conversion Conversion Price:_______________________________________________________________ Shares To Be Delivered:_________________________________________________________ Signature:______________________________________________________________________ Print Name:_____________________________________________________________________ Address:________________________________________________________________________

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

  • Major conversion means a conversion of an existing ship:

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

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

  • 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.

  • 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.

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

  • Conversion Plan shall have the meaning given to such term in Section 2.05 of this Agreement.

  • Notice of Conversion/Extension means the written notice of conversion of a LIBOR Rate Loan to an Alternate Base Rate Loan or an Alternate Base Rate Loan to a LIBOR Rate Loan, or extension of a LIBOR Rate Loan, in each case substantially in the form of Exhibit 1.1(f).

  • Notice of Conversion/Continuation has the meaning assigned thereto in Section 4.2.

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

  • Plan of Conversion has the meaning given such term in Section 14.1.

  • Notice of Continuation/Conversion has the meaning specified in Section 2.2(b).

  • Conversion Date shall have the meaning set forth in Section 4(a).

  • Certificate of Conversion means the certificate of conversion converting the Company’s prior partnership into the Company filed with the office of the Secretary of State of the State of Delaware on March 2, 2000.

  • Interest Conversion Shares shall have the meaning set forth in Section 2(a).

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

  • Automatic Conversion Date has the meaning specified in Section 13.14(a).

  • 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.

  • Notice of Conversion shall have the meaning set forth in Section 4(a).

  • New Conversion Price means the amount determined in accordance with the following formula, which shall apply from the QTE Effective Date: NCP = ECP * (VWAPAES / VWAPOS) where: