Conversion Notice definition
Examples of Conversion Notice in a sentence
The form of Conversion Notice (as defined in the Notes) included in the Notes sets forth the totality of the procedures required of the Buyers in order to convert the Notes.
The Person or Persons entitled to receive the Common Shares issuable upon a conversion of this Note shall be treated for all purposes as the record holder or holders of such Common Shares upon the transmission of a Conversion Notice.
The Maker shall immediately send to the Holder, upon receipt of a Conversion Notice from the Holder, which cannot be fully satisfied as described in Section 3.5(a) above, a notice of the Maker’s inability to fully satisfy the Conversion Notice (the “Inability to Fully Convert Notice”).
Such Inability to Fully Convert Notice shall indicate (i) the reason why the Maker is unable to fully satisfy the Holder’s Conversion Notice; and (ii) the amount of this Note which cannot be converted.
Notwithstanding the foregoing, in the event that the Company receives a Conversion Notice from the Holder and one or more other Holders of Notes for the same Conversion Date and the Company can effect the conversion of some, but not all, of such portions of the Notes, the Company, subject to this Section 3.2(d), shall process such conversions on a pro rata basis upon each converting Holder’s Subscription Amount.