Examples of Conversion Exercise Period in a sentence
If the Holder does not deliver a Conversion Notice during the Conversion Exercise Period, the Conversion Option shall terminate at the expiration of the Conversion Exercise Period.
In addition, if the Holder delivers a Conversion Notice during the Conversion Exercise Period but does not deliver a Confirmation of Conversion Exercise within the applicable time period set forth above, after the Borrower has delivered (or has failed to deliver) the Updated Disclosure Schedule, then the Conversion Option shall terminate either immediately or at the expiration of the Conversion Exercise Period, whichever occurs later.
If the Holder delivers the Conversion Notice during the Conversion Exercise Period, neither the Confirmation of Conversion Exercise nor the surrender and conversion of the Debenture need occur within the Conversion Exercise Period, but the Confirmation of Conversion Exercise must be delivered and the Debenture surrendered within the applicable time periods specified above.
The Purchase Right associated with any Class A Unit may be exercised prior to the expiration of the applicable Redemption Exercise Period or the Conversion Exercise Period, as applicable, by tendering a Notice of Exercise in the form attached hereto as Exhibit properly completed and duly executed by the Class A Member or on behalf of the Class A Member by the Class A Member’s duly authorized representative, to the Company at its principal office.
The Debenture shall be convertible into the Conversion Shares, which shall consist of fully paid and nonassessable shares of Series B Common Stock of the Borrower, at the option of Lender, upon the terms set forth herein and in the Debenture, at any time within the period (the "Conversion Exercise Period") commencing on the Closing Date and terminating on the Maturity Date (as the same may be extended by the Lender pursuant to the terms hereof).
To exercise the Conversion Option, in whole or in part, the Holder shall provide to the Borrower a conversion notice substantially in the form attached hereto as Schedule X-x (a "Conversion Notice"), at any time prior to the expiration of the Conversion Exercise Period, followed by delivery of a Confirmation of Conversion Exercise (as hereinafter defined) in the form attached hereto as Schedule B-2, which Confirmation of Conversion Exercise shall be irrevocable.
To exercise the Conversion Option, in whole or in part, the Holder shall provide to the Borrower a conversion notice substantially in the form attached hereto as Schedule B-l (a "Conversion Notice"), at any time prior to the xxxiration of the Conversion Exercise Period, followed by delivery of a Confirmation of Conversion Exercise (as hereinafter defined) in the form attached hereto as Schedule B-2, which Confirmation of Conversion Exercise shall be irrevocable.
Conversion Exercise Period : The Investors may elect to convert the full sum of theLoan at any time during the Term, within five BusinessDays from the issuance of the Conversion Notice.