Examples of Automatic Conversion in a sentence

The Purchaser has and shall not, directly or indirectly, itself, through related parties, affiliates or otherwise, (i) sell short (as such term is generally understood) any equity security of the Company or Canopy or (ii) otherwise engage in any transaction that involves hedging of such Purchaser’s position in any equity security of the Company or Canopy until the later of the Maturity Date and the date of an Automatic Conversion.

More Definitions of Automatic Conversion

Automatic Conversion shall have the meaning specified in Section 15.12(a).

Automatic Conversion means the irrevocable and automatic (without the need for the consent of Noteholders or the Trustee) release by the Noteholders of all of the Issuer’s obligations under the Notes with effect immediately following the determination that a Trigger Event has occurred (unless the PRA has waived such Automatic Conversion in the circumstances set out in Condition 6(a)) as specified in the relevant Trigger Event Notice including, without limitation, the release of the full principal amount of each Note on a permanent basis in consideration of the Issuer's issuance of the Conversion Shares to the Conversion Shares Depositary (or to such other relevant recipient as contemplated in Condition 6) (on behalf of the Noteholders) at the then prevailing Conversion Price and the cancellation of all accrued and unpaid interest and any other amounts (if any) arising under or in connection with the Notes and/or the Trust Deed;

Automatic Conversion has the meaning set forth in Section 3(i) of this Note.

Automatic Conversion means the conversion of Depositary Shares into shares of Common Stock as described in Section 2.11 hereof.

Automatic Conversion has the meaning ascribed to such term in Section 4.1.