Contractual Conversion definition

Contractual Conversion. A conversion privilege as defined within the policy form not requiring evidence of insurability. Effective Date of this Agreement – The date on which this Agreement becomes binding on the Ceding Company and the Reinsurer. Policies with an application date on or after this date are eligible for reinsurance coverage under this Agreement.
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Contractual Conversion. A conversion privilege as defined within the policy form not requiring evidence of insurability.
Sample 1

Examples of Contractual Conversion in a sentence

  • If the Contractual Conversion Make-Whole Payment is to be settled in shares of Common Stock, the Common Stock shall be valued for such purpose at the then Applicable Conversion Price, and any such Common Stock must be freely tradeable by the Holder thereof without restrictions under Rule 144.

  • Still, manual model building remains not only a time-consuming process but also a subjective one, shown to be prone to human error (Mowbray et al., 1999).

  • Contractual Conversion - A conversion privilege as defined within the policy form not requiring evidence of insurability.

  • If the Company elects to pay the Contractual Conversion Make-Whole Payment in shares of Common Stock, the Company will deliver to each Holder of converted Notes a number of shares of Common Stock at settlement equal to (i) the amount of the Contractual Conversion Make-Whole Payment owed to such Holder and being paid in shares of Common Stock divided by (ii) the Applicable Conversion Price as of the Contractual Conversion Date on which payment is due.

  • Contractual Conversion – A conversion privilege as defined within the policy form not requiring evidence of insurability.

  • For the sake of clarity, a Contractual Conversion option is not available for any term rider or term agreement reinsured under this Agreement.

  • The conversion rates to be used to determine the Financial Debt ---- shall be the middle rate as published in the "Handelsblatt" for the Closing Date (the "Contractual Conversion Rates").

  • If the Company elects or is required to pay the Contractual Conversion Make-Whole Payment in cash, the Company shall, prior to 11:00 a.m. local time in The City of New York, on the relevant Contractual Conversion Date, deposit with the Paying Agent immediately available funds sufficient to pay such Contractual Conversion Make-Whole Payment, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of any failure to take such action.

  • To the extent that such limitations apply, the number of shares of Common Stock issuable upon conversion (and the associated Principal Amount of the Notes being converted) and in settlement of the Contractual Conversion Make-Whole Payment shall be reduced proportionately so that the total number of shares issuable upon and after giving effect to such conversion and in settlement of the Contractual Conversion Make-Whole Payment in shares of Common Stock shall not exceed such limitations.

Related to Contractual Conversion

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

  • 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.

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

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

  • 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).

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

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

  • Conversion Agreement shall have the meaning set forth in the Recitals.

  • Daily Conversion Value means, for each of the 40 consecutive Trading Days during the relevant Observation Period, 2.5% of the product of (a) the Conversion Rate on such Trading Day and (b) the Daily VWAP on such Trading Day.

  • Conversion and “Converted” each refers to a conversion of Advances of one Type into Advances of the other Type pursuant to Section 2.08 or 2.09.

  • Date of Conversion Conversion Price:_______________________________________________________________

  • Major conversion means a conversion of an existing ship:

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

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

  • 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.

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

  • Certificate of Conversion means the Certificate of Conversion to Limited Liability Company of the Corporation to the Company as filed in the office of the Secretary of State of the State of Delaware pursuant to the Delaware Act.

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

  • Notice of Conversion/Extension means the written notice of conversion of a LIBOR Rate Loan to an Alternate Base Rate Loan or an Alternate Base Rate Loan to a LIBOR Rate Loan, or extension of a LIBOR Rate Loan, in each case substantially in the form of Exhibit 1.1(e).

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

  • Conversion Consideration shall have the meaning specified in Section 14.12(a).

  • Transaction Notional Amount means (A) in respect of any Transaction that is a cross currency hedge, the Base Currency Equivalent of the Currency Amount applicable to Party A’s payment obligations and (B) in respect of any other Transaction, the Base Currency Equivalent of the Notional Amount.

  • Notice of Conversion/Continuation shall have the meaning provided in Section 2.06.

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