Examples of Event of Conversion in a sentence
Until the occurrence of a Series A/KBL Event of Conversion, the Series A/KBL Holders shall be entitled to subscribe for their respective Preemptive Share of any New Securities which the Corporation may, from time to time, propose to issue and sell, at any time while any Series A/KBL Stock is outstanding and subject to the terms, conditions and procedures set forth below.
Conversion shall be deemed to have been effected with respect to conversion under (a) Section 7(a)(i) above, on the date when the aforesaid delivery is made and (b) Section 7(b) on the date of occurrence of a Series A/KBL Event of Conversion, as the case may be, and any such date is referred to herein as the "SERIES A/KBL CONVERSION DATE".
Conversion shall be deemed to have been effected with respect to conversion under (a) Section 7(a)(i) above, on the date when the aforesaid delivery is made and (b) Section 7(b) on the date of occurrence of a Series B/KBH Event of Conversion, as the case may be, and any such date is referred to herein as the "SERIES B/KBH CONVERSION DATE".
Until the occurrence of a Series B/KBH Event of Conversion, the Series B/KBH Holders shall be entitled to subscribe for their respective Preemptive Share of any New Securities which the Corporation may, from time to time, propose to issue and sell, at any time while any Series B/KBH Stock is outstanding and subject to the terms, conditions and procedures set forth below.
Until the occurrence of a Series KBL Event of Conversion, the Series KBL Holders shall be entitled to subscribe for their respective Preemptive Share of any New Securities which the Corporation may, from time to time, propose to issue and sell, at any time while any Series KBL Stock is outstanding and subject to the terms, conditions and procedures set forth below.
Until the Series A Event of Conversion, the holders of a majority of the outstanding shares of Series A Preferred Stock, voting as a separate class, shall be entitled to elect one director of the Corporation (the "SERIES A DIRECTOR").
Until the Series A Event of Conversion, the Series A Holders shall have the pre-emptive right to purchase, on a pro rata basis, all or any part of any New Securities which the Corporation may, from time to time, propose to issue and sell, at any time while any Series A Preferred Stock is outstanding and subject to the terms and conditions set forth below.
Until the occurrence of a Series A Event of Conversion, the Series A Holders shall be entitled to subscribe for their respective Preemptive Share of any New Securities which the Corporation may, from time to time, propose to issue and sell, at any time while any Series A Stock is outstanding and subject to the terms, conditions and procedures set forth below.
Due to stakeholder feedback regarding internal needs for total contributions expressed as a percentage of payroll, the reports have been modified to include such results in the contribution projection on page 5.
Conversion shall be deemed to have been effected with respect to conversion under (a) Section 7(a)(i) above, on the date when the aforesaid delivery is made and (b) Section 7(b) on the date of occurrence of a Series A Event of Conversion, as the case may be, and any such date is referred to herein as the "SERIES A CONVERSION DATE".