Voluntary Conversion definition

Voluntary Conversion means the conversion based on the election of the Participant of all or part of a Participant's Director Fees otherwise payable to the Participant in cash into a Share Unit Award pursuant to Section 6 hereof.

Voluntary Conversion means a Wheelchair Accessible taxicab, for-hire vehicle, or transportation network company (TNC)-endorsed vehicle that is not required to be Wheelchair Accessible as a condition of the vehicle’s medallion or endorsement, but whose owner voluntarily chooses to be Wheelchair Accessible. Voluntary Conversions must be inspected and approved by the Director before transporting passengers in wheelchairs, and must comply with all eligibility requirements established in Sections III.A.1 and III.A.2 of this Rule.

Voluntary Conversion has the meaning specified in Section 14.15(a).

Examples of Voluntary Conversion in a sentence

• The ADSs representative of the new common shares, resulting from the Offer to Exchange, related with the Voluntary Conversion of PSs, were issued on October 13, 2015.

• On any Voluntary Conversion Date, the Holder may cause the any outstanding Principal Amount of this Note plus all accrued and unpaid interest to convert into a number of fully paid and non-assessable shares of Common Stock equal to the quotient of the elected outstanding principal amount of this Note plus all accrued interest on the elected outstanding on the Voluntary Conversion Date (as described in this Section below) divided by the Conversion Price as described in Section 3.2(a) below.

• In the event of a voluntary conversion pursuant to Section 5(a), all accrued and unpaid dividends on the Series A Preferred Stock being converted shall be payable on the day immediately preceding the Voluntary Conversion Date (as defined in Section 5(b)(i)).

• In lieu of any fractional shares to which the holder would otherwise be entitled, the Company shall pay cash equal to the product of such fraction multiplied by the average of the Closing Bid Prices of the Common Stock for the five (5) consecutive trading immediately preceding the Voluntary Conversion Date or Mandatory Conversion Date, as applicable.

• In lieu of any fractional shares to which the holder would otherwise be entitled, the Company shall pay cash equal to the product of such fraction multiplied by the average of the Closing Bid Prices of the Common Stock for the five (5) consecutive trading days immediately preceding the Voluntary Conversion Date or Mandatory Conversion Date, as applicable.

More Definitions of Voluntary Conversion

Voluntary Conversion means a conversion pursuant to Condition 4(c).

Voluntary Conversion means a conversion of Class A Shares into Class P Shares pursuant to Section D.2(a) of this Article Fourth prior to the Mandatory Conversion Date.

Voluntary Conversion has the meaning set forth in Section 5(b)(i).

Voluntary Conversion shall have the meaning set forth in Section 3.1(a).

Voluntary Conversion is defined in Section 1.2.

Voluntary Conversion has the meaning given to such term in the First Out Waterfall Notes.

Voluntary Conversion means the conversion based on the election of a Participant of all or part of such Participant’s Director Fees otherwise payable to such Participant in cash into a Share Unit Award pursuant to Section 5 hereof.