Examples of Conversion Exercise Notice in a sentence
The form of Conversion Exercise Notice is attached hereto as Schedule 1.
Any one or more Limited --------------------------------------- Partners ("Exercising Partners") may, subject to the limitations set forth herein, deliver to the General Partner written notice (the "Conversion Exercise Notice") pursuant to which such Exercising Partners elect to exercise the Rights.
Any Conversion Exercise Notice delivered prior to the Conversion Effective Date shall not be effective until the Conversion Effective Date.
Once delivered, the Conversion Exercise Notice shall be irrevocable, subject to compliance by Weeks, the General Partner and the Partnership with the terms of the Rights.
For purposes of determining the Series A Stated Value, the term "Fair Market Value" shall mean the average of the daily closing prices for one share of Common Stock for the ten (l0) consecutive trading days immediately preceding the date of the initial Conversion Exercise Notice (as defined in the Facility A Credit Agreement) pursuant to the Facility A Credit Agreement.
The Borrower hereby grants to the Lender an option (“Conversion Option”), during the Exercise Period, to elect to convert any unpaid portion of the principal amount of the Loan, together with accrued interest thereon outstanding at the date of the Conversion Exercise Notice (“Outstanding Loan Amount”), into newly-issued American Depositary Receipts (“ADRs”) issued by the Borrower as provided below.
Until the third anniversary of the date hereof neither NWI nor Xxxxxxx & Co. shall deliver a Conversion Exercise Notice with respect to Partnership Units if the redemption thereof would cause the aggregate Partnership Units held by such entity to be less than 42.722% (in the case of NWI), or 100% (in the case of Xxxxxxx & Co.), of the aggregate number of Partnership Units issuable to such entity pursuant to the Transaction Documents.
Each of the Series B Conversion Rate, the Series A Conversion Rate and the Series 1 Conversion Rate is referred to herein as a “Conversion Rate”, each of the Series B Conversion Price, the Series A Conversion Price and the Series 1 Conversion Price is referred to herein as a “Conversion Price”, and each of the Series B Conversion Exercise Notice, the Series A Conversion Exercise Notice and the Series 1 Conversion Exercise Notice is referred to herein as a “Conversion Exercise Notice”.
The Lender shall be entitled to exercise its right granted under the Conversion Option to subscribe for the Number of ADRs by serving the Conversion Exercise Notice to the Borrower without having to obtain any consent from other Lenders on the Borrower during the Exercise Period.
For purposes of determining the Series B Stated Value, the term "Fair Market Value" shall mean the average of the daily closing prices for one share of Common Stock for the ten (10) consecutive trading days immediately preceding the date of the second Conversion Exercise Notice pursuant to the Facility A Credit Agreement.