Conversion Requirement definition

Conversion Requirement has the meaning specified in Section 2.18.
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Conversion Requirement the sale of not less than fifty percent (50%) of the Completed Stores, the acquisition, construction, renovation and/or equipping of which shall have been financed by the proceeds of any Loan, at or prior to the end of the Revolving Loan Commitment Period. As used herein, "sale" may include any Completed Store which is the subject of a fully executed, binding and irrevocable Completed Store Contract approved by Lender, whether or not the closing of the transaction contemplated thereunder shall have occurred prior to the end of the Revolving Loan Commitment Period; provided, however, that
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Examples of Conversion Requirement in a sentence

  • The Mandatory Conversion Notice shall be irrevocable.(b) Pro Rata Conversion Requirement.

  • For the avoidance of doubt, each Mandatory Share Price Conversion shall reset the Mandatory Share Price Conversion Requirement, and the Corporation shall be required to achieve the Mandatory Share Price Conversion Requirement, in full, each time it desires to undertake a Mandatory Share Price Conversion.

  • Below, we set out the primary reasons why the Conversion Requirement as proposed makes it difficult to conclude that internal LTD will be treated as debt for U.S. tax purposes.

  • The ENGINNER shall create an existing utility layout in the latest version of Microstation V8.

  • Notwithstanding any other provision of this Agreement to the contrary, the Conversion Requirement shall not apply to any Sale (i) that would meet the requirements of a Permitted Transfer or (ii) (x) that constitutes a donation of Dividend Shares to a Tax-Exempt Organization or (y) the net proceeds of which are donated to a Tax-Exempt Organization.

  • In addition, a Holder will be deemed to satisfy the Conversion Requirement with respect to a Dividend Share if such Holder or another Holder converts a share of Class B Common Stock or Class C Common Stock, as applicable, into a share of Class A Common Stock in lieu of the share of Class B Common Stock or Class C Common Stock on which such Dividend Share was received within ten (10) business days following the Sale of such Dividend Share.

  • As noted above, if there is no take up from existing or new investors under the Open Offer orPlacing, and assuming all Resolutions are approved, all of the Loan Notes would be converted into New Greenstone Shares pursuant to the Conversion Requirement, and Greenstone would hold approximately 76.67 per cent.

  • In the event the Conversion Requirement shall not have been satisfied, the outstanding principal amounts of the Loans, together with all accrued interest thereon and all other amounts due under this Agreement and the other Loan Documents shall be immediately due and payable.

  • Policy DEV 001 Amended and Adopted by Council: 2009-12-07 Appendix 6Strata Conversion Requirement INTERIM GENERAL REQUIREMENTS FOR EXISTING BUILDINGS WHICH FORM PART OF A STRATA CONVERSIONThe Strata Property Act states in Sec 242(5)...

  • Functional FSDs rely heavily on prior deliverables such as Process Design Document (PDD), Data Conversion, Requirement Traceability Matrix (RTM), and Fit/Gap.

Related to Conversion Requirement

  • Conversion Request A notice given by the Borrower to the Agent of the Borrower's election to convert or continue a Revolving Credit Loan in accordance with Section 2.7.

  • Bid Submission Requirement means a task a Prospective Contractor must complete when submitting a bid response. These requirements will be distinguished by using the term “shall” or “must” in the requirement.

  • Margin Requirement means the amount of money and/ or assets that the Client is required to deposit and/ or hold with the Firm as consideration for entering into a Transaction and/ or maintaining an Open Position on its Account;

  • Perfection Requirement or “Perfection Requirements” shall have the meaning set forth in Section 4(j) of this Agreement.

  • Certification Requirements means those requirements specified or referenced in this Agreement that you must meet in order to use and maintain the Certification Designation and use the Logo in accordance with the terms of this Agreement.

  • Qualification Requirements means the qualification requirements as set forth in Section-2, Clause 2.1 of this RFP;

  • Conversion Floor Price Condition means that the relevant Alternate Conversion Price is being determined based on clause (x) of such definitions.

  • Applicable Conversion Price means the Conversion Price in effect at any given time.

  • Storage Injection Requirements means all volumes required by the Seller for injection into underground storage, including cushion gas, and for liquification, including fuel used for injection and in liquification plants, or for such other storage projects that may be developed expressly for the protection of supply to high priority users.

  • Applicable Conversion Rate means the Conversion Rate in effect at any given time.

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

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

  • Redemption Request has the meaning as set forth in Section 8.1.

  • Perfection Requirements means the making or procuring of filings, stampings, registrations, notarisations, endorsements, translations and/or notifications of any Finance Document (and/or any Security created under it) necessary for the validity, enforceability (as against the relevant Obligor or any relevant third party) and/or perfection of that Finance Document.

  • Risk Retention Requirements means the credit risk retention requirements of Section 15G of the Exchange Act (15 U.S.C. §78o-11), as added by Section 941 of the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act.

  • Variable Conversion Price means the lesser of (i) the Conversion Price or (ii) 25% multiplied by the Market Price (as defined herein) (representing a discount rate of 75%). “Market Price” means the average of the lowest three (3) Trading Prices (as defined below) for the Common Stock during the ten (10) Trading Day period ending on the latest complete Trading Day prior to the Conversion Date. “Trading Price” means, for any security as of any date, the closing bid price on the Over-the-Counter Market, or applicable trading market (the “OTCQB”) as reported by a reliable reporting service (“Reporting Service”) designated by the Holder (i.e. Bloomberg) or, if the OTCQB is not the principal trading market for such security, the closing bid price of such security on the principal securities exchange or trading market where such security is listed or traded or, if no closing bid price of such security is available in any of the foregoing manners, the average of the closing bid prices of any market makers for such security that are listed in the “pink sheets” by the National Quotation Bureau, Inc. If the Trading Price cannot be calculated for such security on such date in the manner provided above, the Trading Price shall be the fair market value as mutually determined by the Borrower and the holders of a majority in interest of the Notes being converted for which the calculation of the Trading Price is required in order to determine the Conversion Price of such Notes. “Trading Day” shall mean any day on which the Common Stock is tradable for any period on the OTCQB, or on the principal securities exchange or other securities market on which the Common Stock is then being traded, provided, however, that at no time, notwithstanding the occurrence of an Event of Default, may the Conversion Price be less than par value of Common Stock.

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

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

  • 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:

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

  • Design requirements means the written description of the infrastructure facility to be procured pursuant to this article, including:

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

  • 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.

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

  • Conversion and “Converted” each refers to a conversion of Advances of one Type into Advances of the other Type pursuant to Section 2.08 or 2.09.

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