Conversion Vote definition

Conversion Vote means the approval of the issuance of the shares of Common Stock upon conversion of the Series A Preferred Stock by the vote required under the rules of the New York Stock Exchange obtained at a special meeting of Stockholders held for such purpose or obtained subsequent thereto at a meeting of Stockholders requested by the holders of the Series A Preferred Stock pursuant to subsection 8(d)(ii).
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Conversion Vote means the approval of the issuance of the shares of Common Stock upon conversion of the Series A Preferred Stock by the vote required under the rules of the New York Stock Exchange obtained at a special meeting of Stockholders held for such purpose or obtained subsequent thereto at a meeting of Stockholders requested by the holders of the Series A Preferred Stock pursuant to subsection 8(d)(ii). “Current Market Price” of publicly traded shares of Common Stock or any other class of capital stock or other security of the Corporation or any other issuer for any day shall mean the average of the last reported sales price, regular way, on the twenty trading days ending on the date in question, or, if no sale takes place on any day within such 20 trading day period, the average of the reported closing bid and asked prices on such day, regular way, in either case as reported on the New York Stock Exchange (“NYSE”) or, if such security is not listed or admitted for trading on the NYSE, on the principal national securities exchange on which such security is listed or admitted for trading or, if not listed or admitted for trading on any national securities exchange, on the Nasdaq National Market or, if such security is not quoted on the Nasdaq National Market, the average of the closing bid and asked prices on such day in the over-the-counter market as reported by Nasdaq or, if bid and asked prices for such security on such day shall not have been reported through Nasdaq, the average of the bid and asked prices on such day as furnished by any NYSE member firm regularly making a market in such security and selected for such purpose by the Board or, if such security is not so listed or quoted, as determined in good faith at the sole discretion of the Board, which determination shall be final, conclusive and binding.
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Conversion Vote shall have the meaning set forth in Section 2.17.
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Examples of Conversion Vote in a sentence

  • If a Conversion Notice is given or a Conversion Vote is taken within such thirty (30) day period (unless stated to the contrary in such Conversion Notice or Conversion Vote), the Conversion Date applicable to such conversion shall be the intended Redemption Date set forth in the Redemption Notice.

  • If the conversion is approved by stockholders on the Conversion Vote Date, the Corporation will seek to convert to an open-end investment company within 12 months of such approval.

  • The rate at which dividends on the Convertible Preferred accrues is subject to adjustment in the event the Stockholder Conversion Vote has not been obtained within the time period provided in the immediately succeeding sentence.

  • The rights of the holders of Series B Preferred Stock to convert such stock into Regular Common Stock as set forth in subsection (a) of this Section 7 shall be exercisable (i) by delivery of written notice (a "Conversion Notice") to the Secretary of the Corporation signed by the holders of a majority of the shares of Series B Preferred Stock then outstanding, or (ii) by the affirmative vote (a "Conversion Vote") of the holders of a majority of the Series B Preferred Stock then outstanding.

  • If the requisite number of votes to convert the Corporation to an open-end management investment company is not obtained on the Conversion Vote Date, the Corporation will continue in operation as a closed-end investment company.

  • If no Conversion Notice has been given or Conversion Vote taken within such thirty (30) day period, the Series B Preferred Stock shall thereafter temporarily cease to be convertible until after the intended Redemption Date set forth in the Redemption Notice.

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  • The affirmative vote of the holders of 66 2/3% of the outstanding shares of McDATA Series A Preferred Stock and McDATA Series B Preferred Stock, voting together as a single class (the "Conversion Vote"), are the only votes required to automatically convert all outstanding shares of McDATA Series A Preferred Stock, McDATA Series B Preferred Stock and McDATA Class B Common Stock into McDATA Class A Common Stock (the "Conversion").

  • A Stock Option shall be exercised, only by the Optionee, by the guardian or legal representative of the Optionee, or permitted transferee, it being understood that the terms "holder" and "Optionee" include any such guardian, legal representative or beneficiary or permitted transferee.

  • On or after the date on which the Series E Preferred Stock becomes convertible into Common Stock pursuant to Section 7(a) of this Part E, if the Company gives a Redemption Notice to the holders of the Series E Preferred Stock pursuant to Section 6(a) of this Part E, the holders of the Series E Preferred Stock shall have a period of thirty (30) calendar days from the date of such Redemption Notice during which to C-31 deliver a Conversion Notice or conduct a Conversion Vote.


More Definitions of Conversion Vote

Conversion Vote has the meaning set forth in Section 4.03(a).
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Related to Conversion Vote

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

  • 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.

  • Series A Conversion Price shall initially be equal to $0.71. Such initial Series A Conversion Price, and the rate at which shares of Series A Preferred Stock may be converted into shares of Common Stock, shall be subject to adjustment as provided below.

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

  • 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:

  • Series A Conversion Rate means, as adjusted pursuant to Section 5.8(b)(vi)(E), the number of Common Units issuable upon the conversion of each Series A Preferred Unit, which shall be the quotient of (a) the sum of (i) the Series A Issue Price, plus (ii) any Series A Unpaid Distributions on the applicable Series A Preferred Unit, plus (iii) only for purposes of the definition of “Series A COC Conversion Rate,” any Series A Partial Period Distributions on the applicable Series A Preferred Unit, divided by (b) the Series A Issue Price.

  • Conversion Plan shall have the meaning given to such term in Section 2.05 of this Agreement.

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

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

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

  • 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.

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

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

  • Certificate of Conversion means the Certificate of Conversion to Limited Liability Company of the Corporation to the Company as filed in the office of the Secretary of State of the State of Delaware pursuant to the Delaware Act.

  • 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.

  • Conversion Consideration shall have the meaning specified in Section 14.12(a).

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

  • Date of Conversion Conversion Price:_______________________________________________________________

  • Series B-2 Preferred Stock means shares of the Company’s Series B-2 Preferred Stock, par value $0.001 per share.

  • 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.

  • Series F Preferred Stock means shares of the Company’s Series F Preferred Stock, par value $0.0001 per share.

  • Alternate Conversion Price means, with respect to any Alternate Conversion that price which shall be the lowest of (i) the applicable Conversion Price as in effect on the applicable Conversion Date of the applicable Alternate Conversion, and (ii) the greater of (x) the Floor Price and (y) 80% of the lowest VWAP of the Common Stock during the five (5) consecutive Trading Day period ending and including the Trading Day immediately preceding the delivery or deemed delivery of the applicable Conversion Notice (such period, the “Alternate Conversion Measuring Period”). All such determinations to be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or similar transaction that proportionately decreases or increases the Common Stock during such Alternate Conversion Measuring Period.

  • Series C Preferred means the Company's Series C Preferred Stock, par value $0.01 per share.

  • Series H Preferred Stock means the Corporation's Series H Convertible Preferred Stock, par value $0.004 per share.

  • Series B-2 Preferred Shares means the Company’s series B-2 preferred shares, par value US$0.00001 per share.

  • 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.