Conversion Condition definition

Conversion Condition has the meaning given such term in Section 2.4(b).

Conversion Condition means the occurrence of shareholder approval of the Conversion Proposal, and with respect to any shares that would exceed the Corporation’s authorized share cap only, of any related amendments to the Articles of Incorporation necessary to authorize sufficient shares of Common Stock to allow such shares to be issued (“Shareholder Approval”).

Conversion Condition means, with respect to a given share of Class R Stock (or fraction thereof), the occurrence of the earliest of: (i) the repurchase or redemption by the Corporation or PKS Holdings of the share of Construction Stock to which it is attached; (ii) the exchange of the share of Construction Stock to which it is attached into another class of stock or securities of PKS Holdings intended to be issued primarily to persons leaving employment of PKS Holdings; (iii) April 15, 2006; and (iv) a Change of Control of the Corporation; provided, however, that the Conversion Condition shall not be deemed to have occurred as a result of the Class C Exchange.

Examples of Conversion Condition in a sentence

• A Qualifying Relevant Event requires the New Conversion Condition to be satisfied.

• If the Offeree elects to so purchase the Offered Assets, the Offeree shall purchase (or cause any of its Subsidiaries to purchase) and the Acquiring Party shall sell the Offered Assets on such terms as soon as commercially practicable after such agreement has been reached, which obligation may require such parties to consummate the purchase and sale of the Qualifying Business prior to satisfaction of the Conversion Condition.

• The conditions to Conversion on the Exchange Date are that the Second Mandatory Conversion Condition (as if it referred to 20.21% of the Issue Date VWAP) and the Third Mandatory Conversion Condition must both be satisfied in respect of the Exchange Date as if the Exchange Date were a possible Mandatory Conversion Date.

• In particular, there will be no adjustment to the Conversion Price if a Non-Qualifying Relevant Event such as an acquisition of LBG by an entity that is not an Approved Entity or the New Conversion Condition is not satisfied.

• The OPG Bond "OPG Bond Conversion Condition" means theConversion Conditionapproval of the OPG Transaction as described in this annex A at the relevant majority by the general meetings of the OPG Bondholders holding the OPG Bonds 2010, OPG Bonds 2013 and OPG Bonds 2014.

More Definitions of Conversion Condition

Conversion Condition means the condition that will be satisfied if no Loan Event of Default has occurred and is continuing (and has not been waived) or would occur as a result of the relevant Tenanted Conversion or Managed Conversion (as the case may be) and, in relation to the immediately preceding Relevant Period and immediately preceding Relevant Year:

Conversion Condition means the occurrence of both (i) approval of the conversion under Section 8 of this Certificate of the Series D Preferred Stock into shares of Common Stock by the holders of more than 50.0% of the issued and outstanding shares of the Corporation’s Common Stock, Series A-2 Preferred Stock and Series C Preferred Stock, voting together as a single class on an as-converted basis, present in person or by proxy, at a duly called and held meeting of the Corporation’s stockholders; and (ii) receipt of all required authorizations and approvals from the NYSE American (or any such other exchange upon which the Corporation’s securities are then listed for trading) for the listing of the Common Stock underlying the Series D Preferred Stock and the continued listing of the Corporation after the closing of the merger transaction contemplated by the Agreement and Plan of Merger, dated September 12, 2019, by and among the Corporation, Glowpoint Merger Sub II, Inc. and Oblong Industries, Inc., and conversion of the Series D Preferred Stock into shares of Common Stock.

Conversion Condition has the meaning ascribed to such term in the Term Sheet;

Conversion Condition means the Requisite Lenders of each WAC Facility who collectively hold security interests in not less than 110 Aircraft have delivered signature page counterparts to a plan support agreement, in form and substance reasonably acceptable to Buyer and the Seller Parent, pursuant to which each such Requisite Lender agrees, among other things, to (a) vote, or cause to be voted, its Claims (as defined in the Bankruptcy Code) against the Debtors to accept a Plan of Reorganization that provides for an Equity Sale Transaction (which Equity Sale Transaction shall include the terms set forth on terms and conditions set forth on Schedule 2.09) and (b) not credit bid for any Aircraft, whether directly or indirectly, for as long as such plan support agreement is in effect and has not expired or otherwise been terminated by any party thereto in accordance therewith (any Requisite Lender who delivers such a signature page counterpart, a “Participating Lender”); provided, however, that the if the Requisite Lenders of the WAC Facilities that execute such a plan support agreement hold security interests in less than 110 Aircraft, then (y) Buyer may elect by written notice filed with the Bankruptcy Court within two (2) Business Days after the Credit Bid Due Date to accept such plan support agreement as satisfying the Conversion Condition and (z) in such event, the provisions of Section 2.09 shall apply.

Conversion Condition means the closing by the Holder of a Private Placement (defined below).

Conversion Condition shall have the meaning set forth in Section 8.1(b)."

Conversion Condition means that the Corporation shall have obtained shareholder approval of the conversion of all of the outstanding shares of Series A Preferred Stock into shares of Common Stock at the Forced Conversion Price in accordance with the rules and regulations of the Trading Market.