Series B Conversion Notice definition

Series B Conversion Notice has the meaning assigned to such term in Section 5.10(b)(viii)(C).
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Series B Conversion Notice has the meaning assigned to such term in Paragraph 10(c)(i) of this Supplemental Terms Annex.
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Series B Conversion Notice shall have the meaning ascribed to it in Paragraph 3.2.1 of Schedule 8.
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Examples of Series B Conversion Notice in a sentence

  • Promptly (but in no event more than two (2) business days) following its receipt of the Series B Conversion Notice, the Corporation shall forward a copy of the Series B Conversion Notice to each holder of Series B Preferred who or which has not consented to the exercise of the Series B Conversion Right by the Series B Conversion Notice, at such holder's address as set forth in the records of the Corporation.

  • In order to exercise the Series B Conversion Right pursuant to Section 3(b), the Series B Consenting Holders shall collectively provide written notice (the "Series B Conversion Notice") to the Corporation at its principal place of business, setting forth (i) such holders' intent to exercise the Series B Conversion Right, and (ii) the proposed date for such exercise (the "Series B Conversion Date").

  • The Series B Conversion Notice shall be sent by the Corporation no more than seven (7) and no less than three (3) days prior to the Series B Conversion Date.

  • The Series B Conversion Notice shall also set out the number of Series B CCPS proposed to be converted and the Equity Shares to be allotted upon conversion of the Series B CCPS which shall be determined in accordance with the ratio determined in accordance with Paragraph 3 of this Schedule 4.

  • In order to exercise the Series B Conversion Right pursuant to Section A.3(b), the Series B Consenting Holders shall collectively provide written notice (the "Series B Conversion Notice") to the Corporation at its principal place of business, setting forth (i) such holders' intent to exercise the Series B Conversion Right, and (ii) the proposed date for such exercise (the "Series B Conversion Date").

  • Such Inability to Fully Convert Notice shall indicate (x) the reason why the Corporation is unable to fully satisfy such holder’s Series B Conversion Notice and (y) the aggregate Stated Value of Series B Preferred Stock the for which conversion has been requested and which cannot be converted.

  • Within ten (10) days of the Corporation’s receipt of the Series B Conversion Notice, the Corporation shall be required to provide the respective Series B Preferred Stock holder with written notice setting forth the applicable Series B Conversion Price calculated as of the Series B Conversion Date, including back up calculations therefor, and the number of shares of Common Stock into which the shares of Series B Preferred Stock are being converted.

  • Notwithstanding anything to the contrary contained herein, the holder shall be entitled to withdraw a Series B Conversion Notice, and upon such withdrawal the Corporation shall only be obligated to pay the liquidated damages accrued in accordance with this Section 5(b) through the date the Series B Conversion Notice is withdrawn.

  • The Corporation shall immediately send via facsimile or other electronic transmission to the holder, upon receipt of a copy of a Series B Conversion Notice from the holder which cannot be fully satisfied as described in Section 5(d) above, a notice of the Corporation’s inability to fully satisfy the Series B Conversion Notice (the “Inability to Fully Convert Notice”).

  • Upon the submission to GreenShift by the Employee of a completed written notice of conversion (each a "Series B Conversion Notice"), a copy of which Series B Conversion Notice is attached hereto as Exhibit A, GreenShift shall, within no more than FIVE (5) days following the submission of each such Series B Conversion Notice, issue to Employee the relevant number of GreenShift common shares (which shares shall be either registered or issued pursuant to an applicable exemption from registration).

Related to Series B Conversion Notice

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

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

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

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

  • Series B Conversion Price means, as of the applicable Conversion Date, the greater of (A) the average of the Market Values of the Common Stock for the five consecutive Trading Days preceeding (but not including) such Conversion Date, or (B) the then effective Series B Minimum Conversion Price.

  • 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.

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

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

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

  • 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.

  • Major conversion means a conversion of an existing ship:

  • Series A Redemption Notice has the meaning set forth in Section 16.6(b).

  • Early Preference Share Redemption Notice means a notice of early redemption of some or all of the Preference Shares given by or on behalf of the Company in accordance with Condition 6 (Notices).

  • Series A Conversion Price shall initially be equal to $0.71. Such initial Series A Conversion Price, and the rate at which shares of Series A Preferred Stock may be converted into shares of Common Stock, shall be subject to adjustment as provided below.

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

  • Forced Conversion Amount means the sum of (i) 100% of the aggregate Stated Value then outstanding, (ii) accrued but unpaid dividends and (iii) all liquidated damages and other amounts due in respect of the Series B Preferred Stock.

  • Forced Conversion 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.

  • 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:

  • 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.

  • Automatic Conversion Date has the meaning set forth in Section 7(c).

  • Initial Conversion Price has the meaning specified in Section 13.01.

  • Company Conversion Price means, the lower of (i) the applicable Conversion Price and (ii) that price which shall be computed as ninety five percent (95%) of the lowest Volume Weighted Average Price of the Common Stock during the fifteen (15) consecutive Trading Days immediately preceding the applicable Installment Date. All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction.

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

  • Final Conversion Date means 5:00 p.m. in New York City, New York on the earlier to occur following the IPO of (i) the first Trading Day falling on or after the date on which the outstanding shares of Class B Common Stock represent less than ten percent (10%) of the aggregate number of shares of the then outstanding Class A Common Stock and Class B Common Stock, (ii) the tenth (10th) anniversary of the IPO or (iii) the date specified by affirmative vote of the holders of a majority of the outstanding shares of Class B Common Stock, voting as a single class.

  • Conversion/Continuation Notice is defined in Section 2.9.