B-1 Conversion Date definition

B-1 Conversion Date means the earlier to occur of (x) the 90th day after the Effective Date or (y) the first day occurring on or after the 30th day after the Effective Date upon which either Lead Arranger notifies the Borrower that the B-1 Conversion shall occur.
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B-1 Conversion Date means the “B-1 Conversion Date” as defined in the First Lien Credit Agreement.
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Examples of B-1 Conversion Date in a sentence

  • On and after the B-1 Conversion Date, each Lender which has had an increase in outstanding B-1 Term Loans as a result of the B-1 Conversion shall be entitled to receive a new B-1 Term Note evidencing all its then outstanding B-1 Term Loans; provided that if a B-1 Term Note or B-2 Term Note has previously been issued to such Lender, such Lender shall surrender such Note or Notes to the Borrower or provide it with a customary lost note indemnity.

  • On any Class B-1 Conversion Date, Class B-2 Conversion Date, Class B-3 Conversion Date or Class B-4 Conversion Date (hereinafter referred to as a Conversion Date), a number of the shares held in the sub-account of the holder of record of the corresponding Class B shares being converted, calculated in accordance with the next following sentence, shall be converted automatically, and without any action or choice on the part of the holder thereof, into Class A shares of the same Series.

  • On the third (3rd) anniversary of the Initial Issuance Date (the “Series B-1 Conversion Date”), if the Company has not delivered a Company Dividend Increase Optional Redemption Notice prior to such date, then the Company shall convert the amount of Series B Preferred Shares specified in the Dividend Increase Conversion Notice (as defined in Section 10(e)), if any, to shares of Series B-1 Preferred Stock as of the Series B-1 Conversion Date.

  • The date on which the principal and interest underlying the Loan shall be converted into Series B Stock shall be referred to as the "B-1 Conversion Date." BANK GUARANTY: Edgewater shall provide a $1,000,000 guaranty to assist the Company in establishing a secured line of credit.

  • If I am caught transporting pas- sengers without tickets the imposed fine amounts to tens of thousands of MDL.

  • The person in whose name the Common Stock certificate is registered shall be treated as the stockholder of record on and after the Series B-1 Conversion Date.

  • On the third (3 ) anniversary of the Initial Issuance Date (the “Series B-1 Conversion Date”), if the Company has not delivered a Company Dividend Increase Optional Redemption Notice prior to such date, then the Company shall convert the amount of Series B Preferred Shares specified in the Dividend Increase Conversion Notice (as defined in Section 10(e)), if any, to shares of Series B-1 Preferred Stock as of the Series B-1 Conversion Date.

Related to B-1 Conversion Date

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

  • Optional Conversion Date means, with respect to the Optional Conversion of any Convertible Preferred Stock, the first Business Day on which the requirements set forth in Section 10(d)(ii) for such conversion are satisfied.

  • Mandatory Conversion Date has the meaning set forth in Section 7(a).

  • Final Conversion Date means 5:00 p.m. in New York City, New York on the earlier to occur following the IPO of (i) the first Trading Day falling on or after the date on which the outstanding shares of Class B Common Stock represent less than ten percent (10%) of the aggregate number of shares of the then outstanding Class A Common Stock and Class B Common Stock, (ii) the tenth (10th) anniversary of the IPO or (iii) the date specified by affirmative vote of the holders of a majority of the outstanding shares of Class B Common Stock, voting as a single class.

  • Forced Conversion Date shall have the meaning set forth in Section 6(d).

  • Term Loan Conversion Date means the Termination Date on which all Revolving Credit Advances outstanding on such date are converted into a term loan pursuant to Section 2.06.

  • Conversion Date shall have the meaning set forth in Section 4(a).

  • Judgment Conversion Date as defined in subsection 10.8(a).

  • Continuation/Conversion Date means the date on which a Loan is converted into or continued as a LIBOR Rate Loan.

  • Automatic Conversion means the irrevocable and automatic release of all of the Issuer’s obligations under the Securities (other than the CSO Obligations, if any) in consideration of the Issuer’s issuance of the Conversion Shares at the Conversion Price to the Conversion Shares Depository (on behalf of the holders of the Securities) or to the relevant recipient, in accordance with the terms of the Securities.

  • Change of Control Conversion Date shall have the meaning provided in the Articles Supplementary.

  • Interest Conversion Rate means the lesser of (a) the Conversion Price or (b) 90% of the lesser of (i) the average of the VWAPs for the 20 consecutive Trading Days ending on the Trading Day that is immediately prior to the applicable Interest Payment Date or (ii) the average of the VWAPs for the 20 consecutive Trading Days ending on the Trading Day that is immediately prior to the date the applicable Interest Conversion Shares are issued and delivered if such delivery is after the Interest Payment Date.

  • Forced Conversion Notice Date shall have the meaning set forth in Section 6(d).

  • Forced Conversion Amount means the sum of (a) 100% of the aggregate Stated Value then outstanding and (b) all liquidated damages and other amounts due in respect of the Preferred Stock.

  • Optional Conversion means the conversion of any Convertible Preferred Stock other than a Mandatory Conversion.

  • Series A Conversion Rate means, as adjusted pursuant to Section 5.8(b)(vi)(E), the number of Common Units issuable upon the conversion of each Series A Preferred Unit, which shall be the quotient of (a) the sum of (i) the Series A Issue Price, plus (ii) any Series A Unpaid Distributions on the applicable Series A Preferred Unit, plus (iii) only for purposes of the definition of “Series A COC Conversion Rate,” any Series A Partial Period Distributions on the applicable Series A Preferred Unit, divided by (b) the Series A Issue Price.

  • Conversion Event means the cessation of use of (i) a Foreign Currency both by the government of the country which issued such currency and for the settlement of transactions by a central bank or other public institutions of or within the international banking community, (ii) the ECU both within the European Monetary System and for the settlement of transactions by public institutions of or within the European Communities or (iii) any currency unit (or composite currency) other than the ECU for the purposes for which it was established.

  • Major conversion means a conversion of an existing ship:

  • Interest Conversion Price means, with respect to any Interest Date, that price which shall be computed as 100.0% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the ten (10) consecutive Trading Days immediately preceding the applicable Interest Date (each, an “Interest Measuring Period”). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during such period.

  • Series B Conversion Price means, as of the applicable Conversion Date, the greater of (A) the average of the Market Values of the Common Stock for the five consecutive Trading Days preceeding (but not including) such Conversion Date, or (B) the then effective Series B Minimum Conversion Price.

  • Make-Whole Fundamental Change Conversion Period has the following meaning:

  • Initial Conversion Price has the meaning specified in Section 13.01.

  • Interest Conversion Shares shall have the meaning set forth in Section 2(a).

  • Mandatory Conversion Notice shall have the meaning ascribed to it in Section 4.01(b)(ii) hereof.

  • Date of Conversion Conversion Price:_______________________________________________________________

  • Applicable Conversion Rate means the Conversion Rate in effect at any given time.