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
Each Subscription Receipt will entitle the holder thereof to receive, without payment of additional consideration or further action on the part of the holder thereof, one Underlying Share upon the satisfaction or waiver (to the extent such waiver is permitted) of the Conversion Condition at or before the Outside Date (as defined herein).
An Underlying Share issuable on conversion of a Subscription Receipt shall not be subject to a hold period as such shares will be qualified by the prospectus that triggered the Conversion Condition.
Borrower shall satisfy all Conversion Conditions before the Conversion Deadline and shall submit to Lender any item or document needed to prove satisfaction of any Conversion Condition by the due date set forth in Exhibit D or this section.
As indicated in Exhibit D, Lender’s receipt of the satisfactory Cost Certification is also a Conversion Condition.
As indicated in Exhibit D, Xxxxxx’s receipt of the satisfactory Cost Certification is also a Conversion Condition.
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 E 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 E Preferred Stock and the continued listing of the Corporation after the conversion of the Series E Preferred Stock into shares of Common Stock.
Conversion Condition has the meaning ascribed to such term in the Term Sheet;
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.
Conversion Condition means the occurrence of both (i) approval of the conversion of the Series D Preferred Stock by the holders of more than 50.0% of the issued and outstanding shares of the Company’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 Company’s stockholders; and (ii) receipt of all required authorizations and approvals from the NYSE American (or any such other exchange upon which the Company’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 Company after closing of the Transaction and conversion of the Series D Preferred Stock.“Conversion Price” means, with respect to each share of Series D Preferred Stock, as of any conversion date or other applicable date of determination, $2.85.
Conversion Condition means either (i) the holders of all of the shares of Series C Cumulative Convertible Preferred Stock of Owner shall have duly consented to such shares being on a parity with the Preferred Shares as contemplated in the Certificate of Designations, which consent shall be satisfactory in form and substance to Investors, or (ii) Owner shall have fully redeemed all of the outstanding shares of Series C Cumulative Convertible Preferred Stock of Owner or converted such shares into shares of common stock of Owner and none of such shares shall then be outstanding.