Corporation Conversion. In the event that the Closing Price of the Common Stock exceeds 200% of the Conversion Price with respect to a Series A Preferred Stock for any 20 consecutive Trading Days, upon a conversion of any Series A Preferred Stock pursuant to a Corporation Conversion Notice, the Corporation shall issue to the Holder of such Series A Preferred Stock a number of Conversion Shares equal to (a) the Original Issue Price multiplied by (b) the number of such Series A Preferred Stock subject to the Corporation Conversion Notice divided by (c) the Conversion Price with respect to such Series A Preferred Stock.
Corporation Conversion. The Corporation will have the right to send the Holder a Corporation Conversion Notice at any time in its sole and absolute discretion, if the Equity Conditions are met as of the time such Corporation Conversion Notice is given. Upon any conversion of any Series C Preferred Stock pursuant to a Corporation Conversion Notice, the Corporation will on the date of such notice (a) satisfy the payment of Dividends and Conversion Premium with respect to the shares of Series C Preferred Stock converted as provided in Section I.C.2, and (b) issue to the Holder of such Series C Preferred Stock a number of Conversion Shares equal to (i) the Face Value multiplied by (ii) the number of such Series C Preferred Stock subject to the Holder Conversion Notice divided by (iii) the applicable Conversion Price with respect to such Series C Preferred Stock; all in accordance with the procedures set forth in Section I.G.1.
Corporation Conversion. The Corporation will have the right to send the Holder a Corporation Conversion Notice at any time in its sole and absolute discretion, if the Equity Conditions are met as of the time such Corporation Conversion Notice is given. Upon any conversion of any Series B Preferred Stock pursuant to a Corporation Conversion Notice, the Corporation will on the date of such notice (a) satisfy the payment of Dividends and Conversion Premium as provided in Section I.C.2, and (b) issue to the Holder of such Series B Preferred Stock a number of Conversion Shares equal to (i) the Face Value multiplied by (ii) the number of such Series B Preferred Stock subject to the Holder Conversion Notice divided by (iii) the applicable Conversion Price with respect to such Series B Preferred Stock; all in accordance with the procedures set forth in Section I.G.1.
Corporation Conversion a. In the event that the Closing Price of the Common Stock exceeds 150% of the Conversion Price with respect to a Series G Preferred Stock for any 20 consecutive Trading Days, upon a conversion of any Series G Preferred Stock pursuant to a Corporation Conversion Notice, the Corporation shall issue to the Holder of such Series G Preferred Stock a number of Conversion Shares equal to (i) the Early Redemption Price multiplied by (ii) the number of such Series G Preferred Stock subject to the Corporation Conversion Notice divided by (iii) the Conversion Price with respect to such Series G Preferred Stock.
b. In the event that the Closing Price of the Common Stock is less than 150% of the Conversion Price with respect to a Series G Preferred Stock and the Corporation elects to effectuate a conversion of any Series G Preferred Stock pursuant to a Corporation Conversion Notice, the Corporation shall issue to the Holder of such Series G Preferred Stock upon such Corporation Conversion Notice, an initial number of Conversion Shares equal to 130% of (i) the Early Redemption Price multiplied by (ii) the number of such Series G Preferred Stock subject to the Corporation Conversion Notice divided by (iii) the lower of (A) the Conversion Price with respect to such Series G Preferred Stock and (B) 100% of the Closing Price of a share of Common Stock on the Trading Day immediately preceding the date of the Corporate Conversion Notice.
c. After 20 Trading Days, the Holder of such Series G Preferred Stock shall return or the Corporation shall issue a number of Conversion Shares such that the total number of Conversion Shares under that respective Corporation Conversion Notice equals (i) the Early Redemption Price multiplied by (ii) the number of such Series G Preferred Stock subject to the Corporation Conversion Notice divided by (iii) the lower of (A) the Conversion Price with respect to such Series G Preferred Stock and (B) 85% of the average of the daily VWAPs of the Common Stock, as reported by Bloomberg, for the 20 Trading Days following Holder’s receipt of the Corporation Conversion Notice; provided, however, that if the trading price of the Common Stock during any one or more of the 20 Trading Days following Holder’s receipt of the Corporation Conversion Notice falls below 70% of the Closing Price on the day prior to the Corporation Conversion Notice, the Holder will return to the Corporation any remaining Conversion Shares delivered under Section 3(b) and the pro ra...
Corporation Conversion. The Corporation shall have the right to send the Holder a Corporation Conversion Notice in the event that (x) the Closing Price of the Common Shares exceeds 300% of the Series A Conversion Price for any 20 consecutive Trading Days and (y) the Equity Conditions are met as of the time such Company Conversion Notice is given. Upon any conversion of any Series A Preference Shares pursuant to a Corporation Conversion Notice, the Corporation shall (a) satisfy the Embedded Dividend Liability as provided in Section I.C.2,, and (b) issue to the Holder of such Series A Preference Shares a number of Conversion Shares equal to (i) the Series A Face Value multiplied by (ii) the number of such Series A Preference Shares subject to the Holder Conversion Notice divided by (iii) the applicable Conversion Price with respect to such Series A Preference Shares.
Corporation Conversion. Upon not less than thirty (30) days prior written notice from Company to Lenders, provided no Potential Event of Default or Event of Default shall have then occurred and be continuing, Administrative Agent, Requisite Lenders and the other Loan Parties shall take all actions, including, without limitation, the execution and delivery of necessary amendments, modifications and supplements to this Agreement and the other Loan Documents, as may reasonably be necessary in order to facilitate the conversion of Holdings or Company from a limited liability partnership structure to a corporate structure classified as a "C" corporation under the Internal Revenue Code and to give effect to the intent of this Agreement and the other Loan Documents after consummation of any such conversion. Administrative Agent shall be entitled to reimbursement by Company of its reasonable fees and expenses incurred in connection therewith and at all times on and after any such conversion the First Priority Lien in the Collateral shall remain in full force and effect. 151
Corporation Conversion. In the event that the Closing Price of the Common Stock exceeds $2.00 per share for any 20 of 25 consecutive Trading Days, upon a conversion of any Series E Preferred Stock pursuant to a Corporation Conversion Notice, the Corporation shall issue to the Holder of such Series E Preferred Stock a number of Conversion Shares equal to (a) the Early Redemption Price multiplied by (b) the number of such Series E Preferred Stock subject to the Corporation Conversion Notice divided by (c) the Conversion Price with respect to such Series E Preferred Stock plus the Make Whole Payment.
Corporation Conversion. The Corporation will have the right to send the Holder a Corporation Conversion Notice at any time in its sole and absolute discretion, if the Equity Conditions are met as of the time such Corporation Conversion Notice is given. Upon any conversion of any portion of this Debenture pursuant to a Corporation Conversion Notice, the Corporation will on the date of such notice (a) satisfy the payment of Interest and Conversion Premium as provided in Section I.C.2, and (b) issue to the Holder of this Debenture a number of Conversion Shares equal to the Face Value divided by the applicable Conversion Price with respect to the amount of Debenture converted; all in accordance with the procedures set forth in Section I.G.1.
Corporation Conversion. The Corporation will have the right to send the Holder a Corporation Conversion Notice on 20 days’ notice in the event that (x) the Closing Price of the Common Stock exceeds 300% of the Series A Conversion Price for any 20 consecutive Trading Days and (y) the Equity Conditions are met as of the time such Corporation Conversion Notice is given. Upon any conversion of any Series A Preferred Stock pursuant to a Corporation Conversion Notice, the Corporation will (a) satisfy the payment of Dividends and Embedded Derivative Liability as provided in Section I.C.2, and (b) issue to the Holder of such Series A Preferred Stock a number of Conversion Shares equal to (i) the Face Value multiplied by (ii) the number of such Series A Preferred Stock subject to the Holder Conversion Notice divided by (iii) the applicable Conversion Price with respect to such Series A Preferred Stock; all in accordance with the procedures set forth in Section I.G.1.
Corporation Conversion. In the event that the Closing Price of the Common Stock exceeds 250% of the Conversion Price with respect to a Debenture for any 20 consecutive Trading Days, upon a conversion of any Debenture pursuant to a Corporation Conversion Notice, the Corporation shall issue to the Holder of such Debenture a number of Conversion Shares equal to (a) the Early Redemption Price multiplied by (b) the number of such Debenture subject to the Corporation Conversion Notice divided by (c) the Conversion Price with respect to such Debenture.
