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

  • 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.

  • 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.

  • 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.

  • 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.

  • As soon as reasonably practicable upon 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.

  • During any period following delivery of the Election to Exercise or the Election to Convert until such time or times (or such withdrawal or revocation) such Warrant or portion thereof shall continue to be outstanding for all purposes, including for purposes of adjustments pursuant to Article III.

  • 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").

  • Immediately upon 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 shares of Preferred Class B stock (“Preferred Class B Shares”) so purchased upon conversion of the Note.

  • As promptly as practicable after delivery of an Election to Convert in accordance with this Section 4.3, 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.

  • To convert this Note, the Holder must give the Maker written Notice of Election to Convert, in a form substantially similar to that attached hereto as Exhibit A, properly completed and executed by the Holder or a duly authorized attorney.