Conversion Feature definition

Conversion Feature. A provision whereby the Mortgagor may elect to convert to a fixed Mortgage Interest Rate pursuant to the terms set forth in the Mortgage Note.
Conversion Feature means with respect to any Share of any Fund, a mandatory or elective provision (including, without limitation, a provision which permits or requires such Share to be converted into a share of a different class) which may result in a reduction or termination of any amount owing from such Fund (or the related Company in respect of such Fund) or the shareholder in respect of the Receivables relating to such Share (or the Share obtained by virtue of the conversion of such Share) at some point in the future.
Conversion Feature has the meaning set forth in Section 2.3(b).

Examples of Conversion Feature in a sentence

  • Details of the Conversion Feature are set forth in Section IV below.

  • Unlike Class B shares, Class C shares do not have the Conversion Feature.

  • The Conversion Feature may be suspended if the Ruling or opinion is no longer available.

  • Also, Class B shares have a conversion feature ("Conversion Feature") under which such shares convert to Class A shares after a certain holding period.

  • If a Shareholder Account (other than an Omnibus Account) tenders a Share of a Fund for redemption (other than in connection with an exchange of such Share for a Share of another Fund or in connection with the conversion of such Share pursuant to a Conversion Feature), such tendered Share will be deemed to be a Free Share if there are any Free Shares reflected in such Shareholder Account immediately prior to such tender.


More Definitions of Conversion Feature

Conversion Feature means with respect to any Share of any Fund, a mandatory or elective provision (including a provision which permits or requires such Share to be converted into a share of a different class) which may result in a reduction or termination of any amount owing from the related Company or Fund in respect of the Portfolio Assets relating to such Share (or the Share obtained by virtue of a conversion of such Share) at some point in the future.
Conversion Feature means with respect to any Share of any Fund, a ------------------ mandatory or elective provision (including a provision which permits or requires such Share to be converted into a share of a different class) which may result in a reduction or termination of any amount owing from the related Company or Fund in respect of such Share or the shareholder in respect of the Portfolio Assets relating to such Share (or the Share obtained by virtue of a conversion of such Share) at some point in the future.
Conversion Feature. The conversion price per share of Preferred Stock (the "Conversion Price") will be set at $6.50 and shall be subject to certain adjustments as outlined below and in Anti-Dilution Provisions. It is the intent of the parties that the Company shall repurchase as soon as reasonably practical after closing 3,000,000 shares of common stock pursuant to its practice management divestiture plan. If, by December 31, 2000, the Company has not reduced the number of its outstanding shares of common stock (on a fully diluted basis) by at least 3,000,000 shares pursuant to such plan, the Company will be obligated to adjust the Conversion Price for shares of Preferred Stock based on a pro-rata formula which takes into account the number of outstanding shares the Company reduces through practice management divestitures and the relative percentage ownership interest in the Company the aggregate number of shares of Preferred Stock would have initially represented if the number of outstanding shares at Closing had been 3,000,000 shares less. Upon conversion of the Preferred Stock, the Company will pay cash in lieu of fractional shares based on the prevailing fair market value of the common stock.
Conversion Feature means, with respect to a Security, a mandatory or elective provision (including, without limitation, a provision which permits or requires such Security to be converted into a Security of a different class, but excluding the free redemption amount or privilege offered by a Fund) which may result in a reduction or termination of any amount owing from any Fund or any securityholder in respect of the Fees relating to such Security at some time in the future prior to the redemption thereof.
Conversion Feature. With respect to any share of any Fund, a mandatory or elective provision (including, without limitation, a provision which permits or requires such share to be converted into a share of a different class) which may result in a reduction or termination of any Contingent Deferred Sales Charge owing from such Fund or the shareholder to PASI, except to the extent such reduction or termination arises from the exchange of such share for shares of another Fund with respect to which such Contingent Deferred Sales Charge will be owing.
Conversion Feature means, with respect to any Share of any Fund, a mandatory or elective provision (including, without limitation, a provision which permits or requires such Share to be converted into a share of a different class, but excluding the scheduled reductions in Contingent Deferred Sales Charges as set forth in Schedule II hereto and Free Redemptions) that may result in a reduction or termination of any amount owing from any Fund or the shareholder in respect of the Receivable relating to such Share (or the share obtained by virtue of a conversion of such Share) at some point in the future prior to the redemption of such Share.
Conversion Feature. At any time, the purchaser may convert the Debenture into common stock at the Conversion Price in effect. Conversion Price: 75% of the average of the closing sales prices for the UNMG Common Stock for the thirty (30) consecutive trading days ending the trading day before UniMark gives Promecap written notice of its intention to sell to Promecap the Convertible Debenture. Anti-dilution Protection: Proportional adjustments for splits, dividends, recapitalization, rights offerings and the like.