Examples of Conversion in a sentence
For the avoidance of doubt, this includes all requisite capacity, power and authority of the Borrower to issue the Conversion Shares and the Warrants.
The Conversion Shares shall be credited as fully paid and rank at least pari passu with Shares of the same class in issue on the Conversion Date and shall carry the right to receive all dividends and other distributions declared for the same class after the Conversion Date.
For the avoidance of doubt: (i) clause 4.1(b) shall apply mutatis mutandis to the determination of the Lender of the Repayable Amount; and (ii) the Lender may exercise the right to the Conversion more than once by giving the relevant Conversion Notice to the Borrower.
The Lender may at any time revoke the Conversion Notice, but in any case, prior to the Conversion.
Upon any Conversion, the entitlement of the Lender to a fractional Share shall be rounded up to the next whole Share.