Conversion Conditions definition

Conversion Conditions means the following:

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Conversion Conditions shall have the meaning set forth in Section 8.1(c) hereof.

Conversion Conditions is defined in Section 4.3.

Examples of Conversion Conditions in a sentence

• No such conversion will occur on any Trading Day on which Forced Conversion Conditions are not satisfied.

• The mandatory conversion provisions of this paragraph 6.3 will continue to apply only upon each successive Trading Day after the Mandatory Exchange Date upon which the Forced Conversion Conditions are satisfied until all of the principal and interest that can be required to be exchanged for Common Stock pursuant to this paragraph 6.3 has been exchanged for Common Stock pursuant to this paragraph 6.3.

• In the event the Borrower is relying upon an effective registration statement to satisfy clause (E) of the Conversion Conditions, each of the Borrower and Lender shall provide customary indemnification to one another with respect to such registration statement in a form acceptable to the Borrower and Lender.

• If the Table of Information shows that Conversion Options apply, then the following Conversion Conditions apply to you.

• If a Mandatory Conversion Conditions Failure occurs after the delivery by the Company of the Mandatory Conversion Notice and prior to the Conversion Date, the Company shall, no later than one Business Day thereafter, deliver to the Holder a notice of such failure and that the Mandatory Conversion shall not occur, unless the Holder, in its sole discretion, elects to waive such failure in writing, in which case the Company shall complete the Mandatory Conversion in accordance with this Section 6(b).

More Definitions of Conversion Conditions

Conversion Conditions shall have the meaning specified in Article 10(a).

Conversion Conditions shall have the meaning set forth in Article II, Paragraph F, Section 5(a).

Conversion Conditions means the shares of Common Stock are listed on an Approved Market and trade with a Closing Price of at least 250% of the Conversion Price then in effect for a period of 20 Trading Days out of 30 consecutive Trading Days on average trading volume of not less than 50,000 shares per day over the subject 30-day trading period (as adjusted ratably for stock splits, reclassifications and other like kind events affecting the Common Stock).

Conversion Conditions means unsecured indebtedness or preferred equity meeting the following criteria: (i) a maturity date no earlier than the maturity date of the Senior Loan and Senior Junior Loan (if applicable), (ii) a principal amount equal to or less than the principal amount plus accrued interest and all other amounts due and unpaid in respect of the Junior Loan being converted, (iii) a current-pay interest rate, or current-pay rate of return, as applicable, equal to or less than the interest rate on the Junior Loan being converted, (iv) other economic terms substantially similar to the Junior Loan being converted, (v) no creation of a Lien on the Premises or any other collateral for the Senior Loan or any Senior Junior Loan (if applicable), (vi) subordinate by its terms to the Senior Loan and each Senior Junior Loan (if applicable), and, if requested by Senior Lender or any Senior Junior Lender (if applicable), a replacement intercreditor agreement is entered into on terms substantially similar to this Agreement, (vii) if such transaction results in a change to Borrower’s ownership structure such that any new party holds more than a forty nine percent (49%) (direct or indirect) interest in Borrower, if requested by Senior Lender or any Senior Junior Lender (if applicable), delivery within ten (10) Business Days of the applicable conversion of an Additional Insolvency Opinion to Senior Lender and Senior Junior Lender (if applicable) with respect thereto, (viii) if any Certificates are outstanding and rated by at least one Rating Agency, obtaining a Rating Agency Confirmation relating thereto, (ix) if, after the applicable conversion, the converting Junior Lender possesses, directly or indirectly, the power to direct or cause the direction of the management or policies of Borrower or Senior Junior Borrower, whether through the ability to exercise voting power, by contract or otherwise (as opposed to veto rights in connection with major decisions), delivery to Senior Lender and each Senior Junior Lender (if applicable) of supplemental Third Party Agreements from one or more Supplemental Third Party Obligors in respect of each Third-Party Agreement then constituting a Senior Loan Document or a Senior Loan Document, as applicable, and in each case in a form substantially similar to the respective original Third Party Agreement that it is replacing as to obligations arising in respect of acts or omissions first occurring from and after the date of the conversion of the Junior...

Conversion Conditions means the conditions set forth in Section 4.02.

Conversion Conditions means those conditions set forth in the DIP Credit Agreement regarding the conversion of the DIP Financing Facility into the consideration set forth in this Plan.

Conversion Conditions means satisfaction of each of the following: