Conversion Events definition

Conversion Events. With respect to a Series of Warehouse Notes, the occurrence or existence of any of the following events or conditions: (i) the expiration of the stated period of time set forth in the definition of Conversion Date in the related Supplement, unless such period is extended in accordance with the terms of such Supplement, and (ii) the occurrence of an Early Amortization Event under any Series of Notes then Outstanding.
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Conversion Events means (A) the conversion of shares of Series B Preferred pursuant to Section 5, (B) the redemption of shares of Series B Preferred pursuant to Section 7, (C) the conversion or redemption of shares of Series A Preferred pursuant to the Statement of Designations of the Series A Convertible Preferred Stock of Zix Corporation, (D) the conversion of the Senior Convertible Notes and (E) the exercise of warrants issued to the purchasers of the Senior Convertible Notes on the First Issue Date.
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Conversion Events. ● Automatic conversion on earlier of: (i) IPO; or (ii) Private Sale by Maker of at least $10 million of a single class of equity securities within a 12 month period (each a “Qualified Financing”) ● Optional conversion, at election of Investor, at Maturity Date Conversion Price: ● Principal and interest convert into equity securities sold in a Qualified Financing at a conversion price equal to 80% of the price of securities sold in such Qualified Financing ● On optional conversion, principal and interest convert into equity securities of the Maker at a price equal to the quotient of $200 million divided by the aggregate number of outstanding shares of Maker’s common stock as of the Maturity Date (assuming full conversion of all convertible and exercisable securities then outstanding, other than the Notes) Sale of Company Option: In event of sale of the Maker, at Investor’s option: (i) the principal and all accrued interest owing on the note is converted, immediately prior to the sale, into common stock a price equal to the quotient of $200 million divided by the aggregate number of outstanding shares of Maker’s common stock as of immediately prior to the sale of Maker (assuming full conversion of all convertible and exercisable securities than outstanding, other than the Notes); or (ii) the Note is repayable in full at 125% of the principal owing on the Note plus all accrued and unpaid interest
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Examples of Conversion Events in a sentence

  • The Final Terms will specify which of the above events will apply as Conversion Events to the respective Securities.

  • This Note is subject to automatic conversion upon the occurrence of the Conversion Events described in Paragraphs 3(a) and conversion at the option of the Holder pursuant to Paragraph 3(b).

  • Depending upon the type of Underlying further possible Conversion Events are specified in the Final Terms.

  • The Calculation Agent determines the existence of Conversion Events in its reasonable discretion (§ 315 et seq.

  • Gene Conversion Events for All 16 Chromosomes of the Honey Bee in 100 kb Windows.

  • Upon the occurrence of one or more Conversion Events, the Issuer may convert the Securities in accordance with the Terms and Conditions and by payment of the Settlement Amount on the Redemption Date.

  • The conversion of shares of Series C Preferred shall take place upon the first to occur of the Series C Mandatory Conversion Events, whether or not the certificates representing such shares of Series C Preferred shall have been surrendered, or new certificates representing the shares of Common into which such shares have been converted shall have been issued.

  • The conversion of shares of Series B Preferred shall take place upon the first to occur of the Series B Mandatory Conversion Events, whether or not the certificates representing such shares of Series B Preferred shall have been surrendered, or new certificates representing the shares of Common into which such shares have been converted shall have been issued.

  • Upon the occurrence of one or more Conversion Events, the Issuer may convert the Securities in accordance with the Terms and Conditions and redeem the Securities by payment of the Settlement Amount on the Final Payment Date.

  • A Qualified Offering and a shareholder vote described in subparagraph (ii) are hereinafter referred to as "Automatic Conversion Events".


More Definitions of Conversion Events

Conversion Events shall have the meaning set forth in Section 6.1.
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Conversion Events means website metrics that enhance the results of Cision Impact.
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Conversion Events has the meaning specified in Section 7.4.
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Conversion Events. ● Automatic conversion on earlier of: (i) IPO; or (ii) Private Sale by Maker of at least $2 million of a single class of equity securities within a 12 month period (each, a “Qualified Financing”) ● Optional conversion, at election of Investor, at Maturity Date Conversion Price: ● Principal and interest convert into equity securities sold in a Qualified Financing at a conversion price equal to the lesser of (i) 80% of the price of securities sold in such Qualified Financing; or (ii) the price equal to the quotient of $10 million divided by the aggregate number of outstanding shares of Maker’s common stock as of immediately prior to the initial closing the Qualified Financing (assuming full conversion of all convertible and exercisable securities then outstanding, other than the Notes) ● On optional conversion, principal and interest convert into equity securities of the Maker at a price equal to the quotient of $10 million divided by the aggregate number of outstanding shares of Maker’s common stock as of the Maturity Date (assuming full conversion of all convertible and exercisable securities then outstanding, other than the Notes) Sale of Company Option: In event of sale of the Maker, at Investor’s option: (i) the principal and all accrued interest owing on the note is converted, immediately prior to the sale, into common stock a price equal to the quotient of $10 million divided by the aggregate number of outstanding shares of Maker’s common stock as of immediately prior to the sale of Maker (assuming full conversion of all convertible and exercisable securities than outstanding, other than the Notes); or (ii) the Note is repayable in full at 125% of the principal owing on the Note plus all accrued and unpaid interest
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Conversion Events. The closing and draw upon of a bona fide secured or unsecured loan to Covad by any third party other than an Affiliate (as defined below) entered into on an arms' length basis, on market terms, for use in Covad's business operations and maturing not earlier than nine months from the date of confirmation of the Company's chapter 11 plan ("Confirmation Date").
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Conversion Events means the conversion of the Company’s (i) $300,000 Senior Convertible Notes Due June 18, 2015 into an aggregate of 1,408,452 shares of Common Stock, (ii) $50,000 Senior Convertible Note Due September 29, 2105 into an aggregate of 208,333 shares of Common Stock, (iii) $500,000 Senior Note Due April 22, 2016 into an aggregate of 833,308 shares of Common Stock, (iv) $500,000 Senior Convertible Note Due January 28, 2016 into an aggregate of 833,333 shares of Common Stock, (v) $350,000 Senior Convertible Notes Due July 8, 2016 into an aggregate of 583,333 shares of Common Stock and (vi) $75,000 Senior Convertible Note Due July 10, 2016 into an aggregate of 125,000 shares of Common Stock, whereupon all such indebtedness shall be fully extinguished and cease to be outstanding.
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Related to Conversion Events

  • Conversion Event means the cessation of use of (i) a Foreign Currency both by the government of the country which issued such currency and for the settlement of transactions by a central bank or other public institutions of or within the international banking community, (ii) the ECU both within the European Monetary System and for the settlement of transactions by public institutions of or within the European Communities or (iii) any currency unit (or composite currency) other than the ECU for the purposes for which it was established.

  • Mandatory Conversion Date has the meaning set forth in Section 7(a).

  • 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.

  • Default Conversion Price shall have the meaning set forth in Section 4(b).

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

  • Automatic Conversion Date shall have the meaning specified in Section 15.12(a).

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

  • 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.

  • Series B Conversion Price means, as of the applicable Conversion Date, the greater of (A) the average of the Market Values of the Common Stock for the five consecutive Trading Days preceeding (but not including) such Conversion Date, or (B) the then effective Series B Minimum Conversion Price.

  • Fixed Conversion Price shall have the meaning set forth in Section 4(b).

  • Early Preference Share Redemption Event means the event that occurs if:

  • Series A Conversion Price shall initially be equal to $0.71. Such initial Series A Conversion Price, and the rate at which shares of Series A Preferred Stock may be converted into shares of Common Stock, shall be subject to adjustment as provided below.

  • Make-Whole Fundamental Change Conversion Period has the following meaning:

  • Series A Conversion Rate means, as adjusted pursuant to Section 5.8(b)(vi)(E), the number of Common Units issuable upon the conversion of each Series A Preferred Unit, which shall be the quotient of (a) the sum of (i) the Series A Issue Price, plus (ii) any Series A Unpaid Distributions on the applicable Series A Preferred Unit, plus (iii) only for purposes of the definition of “Series A COC Conversion Rate,” any Series A Partial Period Distributions on the applicable Series A Preferred Unit, divided by (b) the Series A Issue Price.

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

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

  • Automatic Conversion means the irrevocable and automatic release of all of the Issuer’s obligations under the Securities (other than the CSO Obligations, if any) in consideration of the Issuer’s issuance of the Conversion Shares at the Conversion Price to the Conversion Shares Depository (on behalf of the holders of the Securities) or to the relevant recipient, in accordance with the terms of the Securities.

  • Interest Conversion Price means, with respect to any Interest Date, that price which shall be computed as 100.0% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the ten (10) consecutive Trading Days immediately preceding the applicable Interest Date (each, an “Interest Measuring Period”). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during such period.

  • Adjusted Conversion Price means the lesser of the Fixed Conversion Price or the Floating Conversion Price one day prior to the record date set for the determination of stockholders entitled to receive dividends, distributions, rights or warrants as provided for in Sections 4(c)(ii), (iii) and (iv).

  • New Conversion Price means the amount determined in accordance with the following formula, which shall apply from the QTE Effective Date: NCP = ECP * (VWAPAES / VWAPOS) where:

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

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

  • 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.

  • Base Conversion Price shall have the meaning set forth in Section 5(b).

  • Redemption Event has the meaning set forth in Section 3.4.

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