Conversion Approval definition

Conversion Approval has the meaning assigned to such term in Section 5.11(f).

Conversion Approval means the affirmative vote of the Maker’s stockholders at the Initial Stockholder Meeting (as defined in Section 4(b)(i) of the Series B Designation, approving (i) the issuance of twenty percent (20%) or more of the Common Stock of Maker to Payee and its stockholders in accordance with the terms of that certain Stock Purchase Agreement and (ii) an amendment to the Maker’s Certificate of Incorporation increasing the number of authorized shares of Common Stock of Maker.

Conversion Approval shall have the meaning assigned to such term in Section 4.8(f)(i).

Examples of Conversion Approval in a sentence

• Upon receipt of the Conversion Approval and compliance with Section 5.11(h), the terms of the Class B Units will be changed, automatically and without further action, so that each Class B Unit is converted into one Common Unit and immediately thereafter, none of the Class B Units shall be Outstanding.

• The Class B Units will have such voting rights pursuant to the Partnership Agreement as such Class B Units would have if they were Common Units that were then Outstanding except that, with respect to the Conversion Approval or Amendment Approval, none of the Class B Units shall be deemed Outstanding as of the record date for such vote or be entitled to vote.

• The vote or consent required for the Conversion Approval shall be a Unit Majority or such other the requisite vote as may be required under the rules or staff interpretations of the National Securities Exchange on which the Common Units are listed or admitted for trading.

• Such conversion shall be deemed to have been made as of the Conversion Approval Date or, in the case of Section 5.11(i), the date of the effectiveness of such rule change (the “Conversion Effective Date”), and the Person entitled to receive the Common Units issuable upon such conversion shall be treated for all purposes as the record holder of such Common Units as of such date.

• Effective immediately upon the Conversion Approval by the Unitholders, the issuance of additional Common Units to be issued upon such automatic conversion shall be approved without any further action by the holders thereof.

More Definitions of Conversion Approval

Conversion Approval shall have the meaning set forth in Section 4(i).

Conversion Approval has the meaning set forth in Section 3.03(a).

Conversion Approval means the Conversion shall have been approved by the requisite vote of the Buyer Stockholders (including any separate class or series vote that is required, whether pursuant to the Buyer’s Organizational Documents, any stockholder agreement or otherwise) at a meeting of Buyer stockholders, held in accordance with the Delaware General Corporation Law, as amended, and Buyer’s Organizational Documents.

Conversion Approval means approval of the Preferred Stock Conversion by the stockholders of the Corporation.

Conversion Approval shall have the meaning given to such term in the Certificate of Designation.

Conversion Approval the approval issued by the Relevant Authorities for the change in category of land from “Agriculture” to “Industry” “Conversion Rate” approximately RM1 to HK$1.86 “Converted Title” title of the Land with the category of land use duly changed from “Agriculture” to “Industry” ‘‘Directors’’ the directors of the Company ‘‘Group’’ the Company and its subsidiaries “HK$” Hong Kong Dollar, the lawful currency of Hong Kong ‘‘Hong Kong’’ Hong Kong Special Administrative Region ‘‘Land’’ Freehold Land under GM1222 Xxx 000 Xxxxx Xxxxxxxx Xxxxxx Xxxxx Xxxxx, Xxxxx xx Xxxxx, Xxxxxxxx “Latest Practicable Date” 28 February 2022, being the latest practicable date prior to the issuance of this announcement “Listing Rules” the Rules Governing the Listing of Securities on the Stock Exchange “Malaysian Buyer” whether a company that is not defined as a “foreign company” under Section 433A of the National Land Code 1965, or a Malaysian individual(s) “Xxxx Sport” Xxxx Sport SDN BHD, an indirect wholly-owned subsidiary of the Company incorporated in Malaysia is deemed to be a foreign company as defined under Section 433A of the National Land Code in Malaysia ‘‘Purchase Price’’ the purchase price payable for the Acquisition, being RM23,590,570 ‘‘Purchaser’’ Xxxx Sport SDN BHD, an indirect wholly-owned subsidiary of the Company “Relevant Authorities” means any governmental or semi-governmental department or statutory body having jurisdiction in respect of the relevant subject matter “RM” Ringgit Malaysia, the lawful currency of Malaysia “State Approval” the approval issued by the State Authority for the transfer of land title in Malaysia ‘‘Shareholders’’ holders of the shares of the Company

Conversion Approval has the meaning set forth in Section 4.19.