Class B Conversion Notice definition

Class B Conversion Notice has the meaning assigned to such term in Section 5.12(b)(vi)(C).
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Class B Conversion Notice has the meaning provided in Section 5.1.2.
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Class B Conversion Notice has the meaning given in Article 14(3A)(i) of this Charter;
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Examples of Class B Conversion Notice in a sentence

  • For the avoidance of doubt, if a Class B Conversion Notice Date occurs prior to the close of business on a Record Date for payment of a distribution on the Common Units, but after the respective Class B Accrual Date for such Quarter, the applicable holder of Class B Units shall not receive the Common Unit distribution with respect to such Units.

  • The delivery of a Class B Conversion Notice in accordance with this Section 3.2 shall terminate the right but not the obligation of the Partnership to redeem any Class B Preferred Partnership Interests with respect to which such Class B Conversion Notice has been given.

  • The Class B Conversion Notice shall be accompanied by the stock certificate or stock certificates representing the Class B Conversion Shares, duly endorsed to the Corporation or accompanied by a written instrument of transfer.

  • Within ten business days after receipt of the Class B Conversion Notice, the Corporation shall issue and deliver by hand against a signed receipt therefor or by United States registered mail, return receipt requested, to the address designated by the holder of the 2 Class B Conversion Shares in the Class B Conversion Notice, a stock certificate or stock certificates of the Corporation representing the number of shares of Class A Common Stock to which such holder is entitled.

  • For the avoidance of doubt, if the Class B Conversion Notice Date occurs prior to the close of business on a Record Date for payment of a distribution on the Common Units, the applicable holder of Class B Convertible Units shall receive only the Common Unit distribution with respect to such period.

  • Upon receipt of a Class B Conversion Notice and accompanying certificate(s) for the Class B Conversion Shares, the Company shall, effective as of the Class B Conversion Date, cause the Class B Converting Holder to be recorded in its securities registers as, and shall issue and deliver or cause its transfer agent to issue and deliver to the Class B Converting Holder certificates representing, the Common shares into which the Class B Conversion Shares have been converted (the “Underlying Common Shares”).

  • Conversion of the Class B Common Stock into Class A Common Stock shall be deemed to have been effected on the date the Class B Conversion Notice is delivered to the Corporation.

  • The shares of PlayStudios Common Stock and PlayStudios Preferred Stock that are owned by the Key Stockholders and subject to the Company Support Agreements represent (i) a majority of the outstanding voting power of PlayStudios Preferred Stock, voting as a separate class and (ii) a majority of the outstanding voting power of PlayStudios Common Stock and PlayStudios Preferred Stock (on an as converted basis), voting together as a single class.

Related to Class B Conversion Notice

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

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

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

  • Conversion Notice means a written notice of conversion substantially in the form annexed hereto as Exhibit A.

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

  • Continuation/Conversion Notice means a notice of continuation or conversion and certificate duly executed by an Authorized Officer of the Borrower, substantially in the form of Exhibit C hereto.

  • 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.

  • 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.

  • 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.

  • Mandatory Conversion shall have the meaning set forth in Section 6.

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

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

  • 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.

  • 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.

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

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

  • Early Preference Share Redemption Notice means a notice of early redemption of some or all of the Preference Shares given by or on behalf of the Company in accordance with Condition 6 (Notices).

  • Major conversion means a conversion of an existing ship:

  • Date of Conversion Conversion 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.

  • Conversion Amount means the sum of the Stated Value at issue.

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

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

  • Series A Redemption Notice has the meaning set forth in Section 16.6(b).

  • 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.