Conversion Option definition

Conversion Option means the Company’s option to convert some or all of the Series D Preferred Stock into that number of shares of Common Stock that are issuable at the then-applicable conversion rate as described in Section 8(c) of these Articles Supplementary.

Conversion Option means an NQSO granted under Section 6(b)(v).

Conversion Option means the option granted to the Company in Section 5.01 hereof pursuant to which the interest rate on the Bonds is converted from the Floating Rate to the Fixed Rate as of the Optional Conversion Date.

Examples of Conversion Option in a sentence

• If I want to exercise the Conversion Option, I must first meet certain conditions.

• If I choose to exercise the Conversion Option, the Note Holder will determine the amount of the monthly payment that would be sufficient to repay the unpaid principal I am expected to owe on the Conversion Date in full on the Maturity Date at my new fixed interest rate in substantially equal payments.

• Any tax imposed on the Capital Certificate Holders as a result of the Issuer's exercise of the Issuer's Conversion Option is payable by the Issuer.

• In addition, a Timber Harvest Permit (Class IV General, Class III Conversion Option Harvest Plan) shall be required.

• The Company derecognized the associated carrying values of the RoyCap Convertible Debenture prior to amendment and recognized an amended compound financial instrument with the amended principal portion classified as a liability component and the amended Conversion Option as an equity component.

More Definitions of Conversion Option

Conversion Option means Holder’s option to convert some or all of the Obligations into Common Stock as provided in Section 4.

Conversion Option means the option granted to the Company in Section 2.07 hereof to convert from one type of Interest Period to another type of Interest Period.

Conversion Option. The option of a Converting Lender to convert all or a portion of its Class A Loans into an equivalent principal amount of Class A Notes pursuant to the Credit Agreement and this Indenture.

Conversion Option means the right of the Holder hereunder to convert the Accumulated Debt to Common Shares.

Conversion Option means the option granted to the Company in the Indenture pursuant to which the interest rate on the Bonds is converted from the Floating Rate to the Fixed Rate as of the Optional Conversion Date; the term "Purchase Price" means an amount equal to 100% of the principal amount of any Bond tendered or deemed tendered for purchase pursuant to the Indenture or with respect to which the Demand Purchase Option has been exercised, plus accrued and unpaid interest thereon to the date of purchase. The interest rate on the Bonds may be converted from the Floating Rate to the Fixed Rate upon satisfaction of certain conditions and notice given by the Trustee at the direction of the Company to the Owners of the Bonds at least twenty (20) days but not more than thirty (30) days prior to the Conversion Date in accordance with the requirements of the Indenture, and the Bonds shall be subject to mandatory tender by the Owners thereof on the Conversion Date. On and after the Conversion Date, the Demand Purchase Option will not be available to the Owners of the Bonds. On or prior to the Conversion Date, an Owner of Bonds, shall be required to deliver their Bonds to the Tender Agent for purchase at the Purchase Price. Accrued interest on the Bonds will be payable on the Conversion Date to the Owners of Bonds as of the Conversion Date. Any Bonds not delivered to the Tender Agent on or prior to the Conversion Date ("Undelivered Bonds"), for which there has been irrevocably deposited in trust with the Trustee or the Tender Agent an amount of money sufficient to pay the Purchase Price of the Undelivered Bonds, shall be deemed to have been purchased at the Purchase Price and are deemed to be no longer outstanding with respect to such prior Owners. IN THE EVENT OF A FAILURE BY AN OWNER OF BONDS TO DELIVER ITS BONDS ON OR PRIOR TO THE CONVERSION DATE, SAID OWNER SHALL NOT BE ENTITLED TO ANY PAYMENT (INCLUDING ANY INTEREST TO ACCRUE ON OR SUBSEQUENT TO THE CONVERSION DATE) OTHER THAN THE PURCHASE PRICE FOR SUCH UNDELIVERED BONDS, AND ANY UNDELIVERED BONDS SHALL NO LONGER BE ENTITLED TO THE BENEFIT OF THE INDENTURE, EXCEPT FOR THE PURPOSE OF PAYMENT OF THE PURCHASE PRICE THEREFOR.

Conversion Option has the meaning set forth in Section 6(a)(i)(A).

Conversion Option means the option of a Converting Lender to convert all or a portion of the Loans into an equivalent principal amount of Class A-1 Notes pursuant to Section 3.7 hereof and Section 2.5(o) of the Indenture.