Conversion Limit definition

Conversion Limit means the number of shares equal to (A) 19.99% of the number of outstanding shares of Common Stock of the Company as of the Closing Date, which number is specified on Annex V annexed hereto; provided, however, that such number is subject to adjustment for subsequent stock splits, stock dividends and other similar actions or transactions affecting the capital formation of the Company), multiplied by (B) the relevant Holder Class Allocable Share (as defined below).

Conversion Limit means the limitation set forth in Section 8(1).

Conversion Limit means ownership, or deemed ownership for applicable bank regulatory purposes, or ownership or deemed ownership upon conversion by a Purchaser (together with its affiliates, which for purposes of this definition include all “affiliates” as defined in the BHC Act or Regulation Y of the Board of Governors of the Federal Reserve) of more than 9.9% of the total number of any class of Voting Securities (as defined in the BHC Act and any rules or regulations promulgated thereunder) of the Corporation (4.9% for a holder that is subject to the Bank Holding Company Act of 1956, as amended (the “BHC Act”); and

Examples of Conversion Limit in a sentence

• If the exercise of the Conversion Right would result in Hecla and its affiliates owning, or exercising direction or control over, Common Shares in excess of the Conversion Limit, Common Shares will only be issued to Hecla up to the Conversion Limit and the applicable balance of the Repayment Amount will be payable by Alexco to Hecla in cash as and when the Principal Amount is due and owing.

• Egan, Berman DeValerio LLP, One Liberty Square, Boston, MA 02109; and Bear Stearns’s Counsel, Brad S.

• The term "Series A Preferred Share Conversion Limit" shall have the meaning set forth in Section 15.4(f).

• The terms and conditions of the Preference Shares shall however be subject to provisions of the Companies Act, 2013 and the Memorandum and Articles of Association of the Company.The Preference Shares shall rank in priority to Equity Shares for repayment of Capital and payment of dividend.The Preference Shares shall be transferred in the same manner as Equity shares.

• Furthermore, the Company shall not be obligated to honor any Notice of Conversion (or any automatic conversion on December 17, 1998) for any Series B Shares delivered by the Holders, if after giving effect to the issuance of Shares of Common Stock in connection therewith the Company would not be in compliance with applicable National Association of Securities Dealers ("NASD") corporate governance rules (the "Conversion Limit").

More Definitions of Conversion Limit

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

Conversion Limit means the lesser of (a) twenty percent of the then issued and outstanding Common Shares as of the date of determination required by the AMEX Company Guide (or such other limit then imposed upon the Corporation by the AMEX), or such greater number of Common Shares as the shareholders of the Corporation may have previously approved, and (b) the limit then imposed upon the Corporation by the TSX.

Conversion Limit means the total number of shares of Common Stock traded over the five (5) Trading Days preceding the Conversion Notice multiplied by 5%.

Conversion Limit has the meaning set forth in Section 6.9

Conversion Limit means with respect to any Holder, (A) 10% of the number of Series A Preferred Shares issued to such Holder on the Initial Issuance Date for the period beginning on the Initial Issuance Date and ending on March 31, 1999 and (B) for each calendar month thereafter, an additional 10% of the number of Series A Preferred Shares issued to such Holder on the Initial Issuance Date; provided, however, that in no event shall the Company in any one calendar month be required to convert more than 30% of the number of Series A Preferred Shares issued to such Holder on the Initial Issuance Date.

Conversion Limit means the undersigned’s pro rata portion (based on the principal amount of its Class B Note relative to the aggregate principal amount of all of the Class B Notes) of fifty percent (50%) of the aggregate amounts converted under the Class A Notes by the Class A Note Holders pursuant to any Conversion Notices under the Class A Notes submitted by the Class A Note Holders to the Company and the Representative (as hereinafter defined). For the avoidance of doubt, the right of a Class A Note Holder to convert any Class A Note, will not be subject to, or limited by, any failure to submit a Conversion Notice in respect of a Class A Note to the Representative.

Conversion Limit has the meaning specified therefor in Section 14.1 hereof.