Examples of Conversions in a sentence
Conversions hereunder shall have the effect of lowering the outstanding principal amount of this Note plus all accrued and unpaid interest thereunder in an amount equal to the applicable conversion, which shall be evidenced by entries set forth in the Conversion Notice and the Loan Schedule.
Conversions hereunder shall have the effect of lowering the outstanding principal amount of this Debenture in an amount equal to the applicable conversion.
Immediately following the Class G Conversions and immediately prior to the Closing, Company LLC shall be deemed to issue to the Company a number of Common Units equal to the number of shares of Class A Common Stock issued by the Company in connection with the Class G Conversions in accordance with Section 4.01(a) of the Company LLC Agreement (the “Issuance”).
For the avoidance of doubt, the Company LLC Units Redemptions, the Class G Conversions and the Issuance shall not be effective if the Mergers are not consummated in accordance with the terms hereof.
The Conversion Ratio for the Bonds is $1.40 per share of Non-Voting Common Stock, subject to adjustments as provided below in Section 3.4. Conversions resulting in fractional shares shall be rounded up to the nearest whole share.