Election to Convert definition

Election to Convert is defined in Section 2.3. -----------
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Election to Convert means an election to convert that sets forth the Principal Sum in respect of which the Conversion Right set forth in Section 5.1(a) is being exercised, the address of the Debentureholder which is to appear on the Share Register of the Corporation and the address where the new Debenture, if any, representing the unconverted portion of its Debenture may be sent;
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Election to Convert. To: Budget Group, Inc.
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Examples of Election to Convert in a sentence

  • Such certificate or certificates shall be deemed to have been issued and any person so designated to be named therein shall be deemed to have become a holder of record of such securities as of the date of delivery of the Election to Convert, notwithstanding that the certificate or certificates representing such securities shall not actually have been delivered or that the stock transfer books of the Company shall then be closed.

  • In order to effect a conversion, the holder of any Security to be converted, in whole or in part, shall surrender such Security to the Trustee or conversion agent at the office or agency maintained by the Issuer for such purpose, as provided in Section 3.2 and shall deliver written notice of conversion, which shall be substantially in the Form of Election to Convert as provided for in Section 2.17, to such office or agency.

  • As promptly as practicable after delivery of an Election to Convert in accordance with this Section 4.2, the Company shall issue and deliver to Holder, a certificate or certificates for the full number of whole Shares issuable upon the conversion of this Note in accordance with the provisions of this Article IV.

  • In order to convert pursuant to Section 5(a) above, the Holder must surrender this Debenture and deliver to the Company a duly completed and executed Notice of Election to Convert in the form attached hereto as Schedule 1 (an "ELECTION NOTICE").

  • In order to convert the Outstanding Balance, Noteholder shall deliver to the Company a written Election to Convert, a form of which is attached hereto as Exhibit A.

  • By executing this Notice of Election to Convert, the Holder also acknowledges and agrees to the partial redemption of each share of Noteholder Preferred Stock issuable to such Holder upon conversion of such Holders' Notes.

  • Noteholder shall deliver to the Company a written Election to Convert, a form of which is attached hereto.

  • As soon as reasonably practicable after receipt of the written Election to Convert, the Company shall issue and cause to be delivered with all reasonable dispatch to or upon the written order of the Noteholder, and in such name or names as the Noteholder may designate, a certificate or certificates for the full number of Note Shares so purchased upon conversion of the Note.

  • Prior to delivery of such Conversion Shares upon conversion of a Security at the option of a Holder, the Issuer shall require a written notice, which shall be substantially in the Form of Election to Convert as provided for in Section 2.15, to be delivered to its office or agency from the Holder of the Security or Securities so surrendered stating that the Holder irrevocably elects to convert such Security or Securities for Common Shares or ADSs, as specified in such notice.

  • The Company shall send the Holder a notice via facsimile or electronic mail confirming receipt of the Notice of Election to Convert within two (2) days of receipt thereof.Any certificates representing shares of Common Stock issued pursuant to this Section 4 shall bear the following legend:THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR UNDER THE SECURITIES LAWS OF CERTAIN STATES.

Related to Election to Convert

  • Notice of Election to Purchase has the meaning assigned to such term in Section 15.1(b).

  • Election to Foreclose Any election by the Purchaser to proceed with the Commencement of Foreclosure, made in accordance with Section 2.03(a).

  • Election to Exercise shall have the meaning ascribed thereto in Clause 2.2(d)(ii);

  • Election Notice has the meaning set forth in Section 11.01(b).

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

  • Early Opt-in Election means the occurrence of:

  • Notice of Interest Rate Election has the meaning set forth in Section 2.10.

  • Continuation/Conversion Notice means a notice of continuation or conversion and certificate duly executed by an Authorized Officer of the Borrower, substantially in the form of Exhibit C hereto.

  • Nomination Notice means all information and documents that a Nominating Shareholder is required to submit to the Secretary of the Corporation pursuant to Section 3.11f.

  • 10) Election has the meaning set forth in Section 6.05(a).

  • Election Sign means a sign advertising or promoting the election of a political party or a candidate for public office in a federal, provincial or municipal election;

  • Exchange Election shall have the meaning specified in Section 14.12(a).

  • Form of Fundamental Change Purchase Notice means the “Form of Fundamental Change Purchase Notice” attached as Attachment 2 to the Form of Note attached hereto as Exhibit A.

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

  • Series A Redemption Notice has the meaning set forth in Section 16.6(b).

  • Conversion Notice has the meaning specified in Section 4.02(b).

  • Form of Notice of Conversion means the “Form of Notice of Conversion” attached as Attachment 1 to the Form of Note attached hereto as Exhibit A.

  • Form of Fundamental Change Repurchase Notice means the “Form of Fundamental Change Repurchase Notice” attached as Attachment 2 to the Form of Note attached hereto as Exhibit A.

  • Notice of Conversion/Extension means the written notice of conversion of a LIBOR Rate Loan to an Alternate Base Rate Loan or an Alternate Base Rate Loan to a LIBOR Rate Loan, or extension of a LIBOR Rate Loan, in each case substantially in the form of Exhibit 1.1(e).

  • Conversion Option means the Company’s option to convert some or all of the Series D Preferred Stock into that number of shares of Common Stock that are issuable at the then-applicable conversion rate as described in Section 8(c) of these Articles Supplementary.

  • Form of Election has the meaning assigned in Section 3.3(b).

  • Notice of Extension/Conversion means the written notice of extension or conversion in substantially the form of Schedule 3.2, as required by Section 3.2.

  • Stock Election shall have the meaning set forth in Section 3.2.2.

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

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

  • 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.