Election to Convert definition
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.