Conversion Restriction definition

Conversion Restriction means the requirement that unless a Holder holds Debentures having an aggregate amount that does not exceed $10,000, no more than 25% of the aggregate principal amount of Debentures held by such Holder may be converted by such Holder in any 180-day period.
Sample 1Sample 2Sample 3
Conversion Restriction has the meaning set forth in Section 6(c).
Sample 1Sample 2Sample 3
Conversion Restriction shall have the meaning set forth in Section 8(a).
Sample 1Sample 2Sample 3

Examples of Conversion Restriction in a sentence

  • Any Series A Preferred Shares not converted due to the Conversion Cap and/or the Conversion Restriction shall continue outstanding on the terms set forth herein after such conversion.

  • The Conversion Restriction shall no longer apply after the first vote of the shareholders of the Corporation with respect to the Shareholder Approval, whether or not Shareholder Approval is obtained.

  • Distributions are payable quarterly, subject to satisfaction of the Distribution Payment Conditions – see Section 2.1.9.2. Subject to satisfaction of the Optional Conversion Restriction – see Section 2.4.2.

  • Each holder of record of 6% Preferred shares on the date of commencement of the Conversion Period (an "Original Holder") shall be entitled to convert in any calendar month the following percentage of the 6% Preferred shares held by such holder on the date of commencement of the Conversion Period (the "Conversion Restriction").

  • The key actor tries to influence other actors to act according to what has been agreed on and thus maintaining the course of action.

  • Notwithstanding the provisions of Articles 27.8(d) and (e), the directors may by resolution waive the application of the Conversion Restriction to any exercise or exercises of the Share Conversion Right to which the Conversion Restriction would otherwise apply, or to future Conversion Restrictions generally, including with respect to a period of time.

  • The satisfaction by a holder of Series B Preferred Stock of the requirements set for in Section 5(b)(i) to convert such Series B Preferred Stock will be deemed to be a representation by such holder to the Company that the settlement of such conversion in full and without regard to this Section 5(f) will not contravene the Conversion Restriction.

  • At the maturity date, the HK Yinger CB shall be mandatorily converted into shares of the Company based on the applicable conversion price at that date unless conversion is restricted by the Conversion Restriction provisions of the bond.

  • If the Company fails to pay the additional damages set forth in this Section 5(c) within five (5) business days of the date incurred, then such payment shall bear interest at the rate of 2% per month (pro rated for partial months) until such payments are made.If any shares of Series AA Preferred Stock cannot be fully converted into Common Stock of the Company upon a Forced Conversion due to the Conversion Restriction, such shares of Series AA Preferred Stock shall remain unconverted.

  • For the avoidance of doubt, the Conversion Restriction shall no longer apply after the first vote of the shareholders of the Corporation with respect to the Shareholder Approval, whether or not Shareholder Approval is obtained.


More Definitions of Conversion Restriction

Conversion Restriction has the meaning set forth in the Certificate of Designation.
Sample 1Sample 2Sample 3
Conversion Restriction means a Debentureholder’s right to convert any portion of the principal amount of a Debenture into Common Shares at the Conversion Price in effect on the Date of Conversion, provided that, unless the aggregate principal amount of the Debentures held by such Debentureholder does not exceed $10,000, no more than 25% of the original aggregate principal amount of Debentures held by such Debentureholder may be converted in any 180 day period;
Sample 1Sample 2
Conversion Restriction has the meaning specified in Section 4.23.
Sample 1

Related to Conversion Restriction

  • Put Restriction means the days between the beginning of the Pricing Period and Closing Date. During this time, the Company shall not be entitled to deliver another Put Notice.

  • Conversion Rights has the meaning set forth in Section 5.1.

  • Transfer Restriction means any condition to or restriction on the ability of the Subscriber to pledge, sell, assign or otherwise transfer the Shares under any organizational document, policy or agreement of, by or with the Company, but excluding the restrictions on transfer described in paragraph 6(c) of this Subscription Agreement with respect to the status of the Shares as “restricted securities” pending their registration for resale or transfer under the Securities Act in accordance with applicable securities laws.

  • Conversion Right has the meaning set forth in Section 4.05(a) hereof.

  • Transfer Restriction Event shall have the meaning specified in Section 2.11.

  • SEC Restrictions has the meaning set forth in Section 2(b).

  • Series B Conversion Price means, as of the applicable Conversion Date, the greater of (A) the average of the Market Values of the Common Stock for the five consecutive Trading Days preceeding (but not including) such Conversion Date, or (B) the then effective Series B Minimum Conversion Price.

  • 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:

  • Transfer Restrictions means restrictions that prohibit the sale, exchange, transfer, assignment, pledge, hypothecation, fractionalization, hedge or other disposal (including through the use of any cash-settled instrument), whether voluntarily or involuntarily by the Grantee, of an Award or any shares of Common Stock, cash or other property delivered in respect of an Award.

  • Interest Conversion Shares shall have the meaning set forth in Section 2(a).

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

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

  • Company Restricted Shares means all shares of Company Common Stock subject to vesting restrictions and/or forfeiture back to the Company, whether granted under a Company Stock Plan or otherwise.

  • Resale Restriction Termination Date shall have the meaning specified in Section 2.05(c).

  • Payment Restriction has the meaning ascribed to such term in Section 4.10.

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

  • Company Restricted Share means each restricted share of Company Common Stock outstanding as of the Effective Time granted pursuant to any equity or compensation plan or arrangement of the Company.

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

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

  • Company Conversion Price means, the lower of (i) the applicable Conversion Price and (ii) that price which shall be computed as ninety five percent (95%) of the lowest Volume Weighted Average Price of the Common Stock during the fifteen (15) consecutive Trading Days immediately preceding the applicable Installment Date. All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction.

  • Conversion condominium means a condominium containing structures which before the recording of the declaration, were wholly or partially occupied by persons other than those who have contracted for the purchase of condominium units and those who occupy with the consent of such purchasers.

  • Conversion Period means the period of time commencing on the eighth day after the Offer Date and terminating on the Expiry Date;

  • Automatic Conversion means the irrevocable and automatic release of all of the Company’s obligations under the Securities (other than the CSO Obligations, if any) in consideration of the Company’s issuance of the Conversion Shares at the Conversion Price to the Conversion Shares Depository (on behalf of the Holders and Beneficial Owners of the Securities) or to the relevant recipient of such Conversion Shares, all in accordance with the terms of the Securities.

  • Existing Transfer Restrictions means Transfer Restrictions on the Collateral Shares:

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

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