Optional Conversion means the conversion of any Convertible Preferred Stock other than a Mandatory Conversion.
Optional Conversion has the meaning set forth in Section 6(a).
Optional Conversion means the conversion of units of the Designated Preferred into Common Interests at the then-applicable Conversion Rate, either (i) in whole or in part, at any time or from time to time, at the election of the Issuer, subject to the requirements and conditions set forth in Section 6(a)(i)(A), or (ii) in whole or in part, at the election of the Holder, upon any public offering of the Common Interests or upon the occurrence of a Change of Control of the Issuer, subject to the requirements and conditions set forth in Section 6(a)(i)(B).
Examples of Optional Conversion in a sentence
In the event that this Note continues to be outstanding on December 31, 2024, the Holder shall have the option, upon delivery to the Company of written notice, on or before January 31, 2025 (the “Optional Conversion Notice”), to convert the total outstanding principal amount of this Note and any unpaid accrued Interest into Conversion Shares, at the Optional Conversion Price set forth in Section 4(c)(ii) hereafter (an “Optional Conversion” and collectively with a Mandatory Conversion, a “Conversion”).
The Optional Conversion Notice shall be delivered at least ten (10) Business Days prior to the date of Optional Conversion.
More Definitions of Optional Conversion
Optional Conversion means a conversion of this Note to Common Stock at the option of the Holder in accordance with Section 3.1(a).
Optional Conversion has the meaning specified in Section 7.
Optional Conversion shall have the meaning specified in Section 14.02.
Optional Conversion means the conversion of shares of the Designated Preferred Stock into Common Stock at the then-applicable Conversion Rate, either (i) in whole or in part, at any time or from time to time, at the election of the Issuer, subject to the requirements and conditions set forth in Section 6(a)(i)(A), or (ii) in whole or in part, at the election of the Holder, upon any public offering of the Common Stock or upon the occurrence of a Change of Control of the Issuer, subject to the requirements and conditions set forth in Section 6(a)(i)(B).
Optional Conversion shall have the meaning set forth in Section 3(3).
Optional Conversion means an optional conversion of Senior Preferred pursuant to Article II, Section 4(a).
Optional Conversion means the conversion of any Convertible Preferred Stock.