Examples of Convertible Obligation in a sentence
Convertible Obligation means any obligation that is convertible, in whole or in part, into Equity Securities solely at the option of holders of such obligation or a trustee or similar agent acting for the benefit only of holders of such obligation (or the cash equivalent thereof, whether the cash settlement option is that of the issuer or of (or for the benefit of) the holders of such obligation).
If a Reference Obligation is a Convertible Obligation or an Exchangeable Obligation, then (subject to Section 7.4 hereof) such Reference Obligation may be included as a Reference Obligation only if the rights referred to in clauses (A) and (B) of this Section 2.20(b)(i) have not been exercised (or such exercise has been effectively rescinded) on or before the relevant Relevant Date.
The analysis results of both tools are presented in the next sub-sections.
The third paragraph of Section 2.20(b) beginning "If a Reference Obligation is a Convertible Obligation" shall be deleted and replaced with the following: "If an Obligation is a Convertible Obligation or an Exchangeable Obligation, then such Obligation may only be included in the Reference Portfolio if the rights referred to in clauses (A) and (B) of Section 2.20(b)(i) have not been exercised (or such exercise has been effectively rescinded) on or before the relevant Valuation Date".
Stapled Unit Register means the register of Stapled Units to be established and maintained by or on behalf of the Responsible Entity in accordance with clause 17.7. Stapling means the linking together of the rights and obligations which attach to a Stapled Unit so that a Unit (or other class of unit or Convertible Obligation issued by the Trust) and a Vital NZ Unit (or other class of unit or convertible obligation issued by Vital NZ) may only be dealt with together, and Stapled has a corresponding meaning.
If a Reference Obligation is a Convertible Obligation or an Exchangeable Obligation, then such Reference Obligation may be included as a Deliverable Obligation only if the rights referred to in clauses (A) and (B) above have not been exercised (or such exercise has been effectively rescinded) on or before the date of occurrence of the Relevant Credit Event.
The third paragraph of Section 2.20(b) beginning "If a Reference Obligation is a Convertible Obligation" shall be deleted and replaced with the following: "If an Obligation is a Convertible Obligation or an Exchangeable Obligation, then such Obligation may only be included in the Portfolio if the rights referred to in clauses (A) and (B) of Section 2.20(b)(i) have not been exercised (or such exercise has been effectively rescinded) on or before the relevant Valuation Date".
Additionally, the 2019 Trust owns $2,255,500 principal amount of the Company’s 2020 Convertible Obligation (“CVObligation”) which is convertible @ $0.50 into 4,511,000 shares and 3,008,837 warrants.
Convertible Obligation means any obligation that is convertible, in whole or in part, into Equity Securities solely at the option of holders of such obligation or a trustee or similar agent acting for the benefit only of holders of such obligation (or the cash equivalent thereof, whether the cash settlement option is that of the Issuer or of (or for the benefit of) the holders of such obligation).
Capped Convertible Obligation: In respect of an Exercise Date occurring on a Conversion Date, the Convertible Obligation that would apply if the “Daily VWAP” for each “VWAP Trading Day” in the “Observation Period” (as defined in the Indenture but determined, for the avoidance of doubt, without regard to Section 4.06(b) of the Indenture) were the lesser of (x) the Cap Price and (y) the actual Daily VWAP for such VWAP Trading Day.