Event of Default Conversion Period means, with respect to an Event of Default, the period beginning on, and including, the date such Event of Default occurs and ending on later of (A) the twentieth (20th) Trading Day after the Holder’s receipt of an Event of Default Notice and (B) five (5) Trading Days after the date the Holder receives notice from the Company that such Event of Default has been cured.
Event of Default Conversion Period means, with respect to an Event of Default, the period beginning on, and including, the date such Event of Default occurs.
Event of Default Conversion Period means, with respect to an Event of Default, the period beginning on, and including, the date such Event of Default occurs and ending on later of
Examples of Event of Default Conversion Period in a sentence
If an Event of Default occurs and the Conversion Date for the conversion of a Note occurs during the related Event of Default Conversion Period, then, subject to Section 8(J), the Conversion Rate applicable to such conversion will be increased by a number of shares equal to the Event of Default Additional Shares.
If an Event of Default occurs and the Conversion Date for the conversion of a Note occurs during the related Event of Default Conversion Period, then the Conversion Rate applicable to such conversion will be increased by a number of shares equal to the Event of Default Additional Shares.
Chapter modified with the Model’s update approved by Azimut’s Board of Directors on 27th July 2018.
More Definitions of Event of Default Conversion Period
Event of Default Conversion Period means, with respect to an Event of Default, the period beginning on, and including, the date such Event of Default occurs and ending on the later of (A) the twentieth (20th) Trading Day after the Holder’s receipt of an Event of Default Notice and (B) the date such Event of Default is cured.
Event of Default Conversion Period has the meaning set forth in Section 10(D)(i).
Event of Default Conversion Period means the period from, and including, the fifth (5th) Business Day after the date such Event of Default Conversion Trigger Notice is delivered and ending on the date such Event of Default is waived (if at all) by the Holder; provided, however, that if the Company pays the Holder cash in an amount equal to the Event of Default Acceleration Amount plus all accrued and unpaid Default Interest on this Note, then (for the avoidance of doubt, regardless of whether a notice has been delivered by the Holder pursuant to Section 10(B)(ii)) the Event of Default Conversion Period will instead end on the date of such payment (and, for the avoidance of doubt, if such payment is made before the fifth (5th) Business Day after the date such Event of Default Conversion Trigger Notice is delivered, then the Event of Default Conversion Period will not begin). Upon payment of such Event of Default Acceleration Amount in full, this Note will cease to be outstanding and notice thereof shall be provided to the Trustee.
Event of Default Conversion Period means any time from and after the initial occurrence of an Event of Default. A “Conversion Period” means a QPO Conversion Period and/or an Event of Default Conversion Period. A “Qualified Private Offering” shall mean a private offering of the Company’s securities resulting in gross proceeds to the Company of at least $3 million after March 31, 2016 and prior to or on April 14, 2016. This Note is solely convertible during a Conversion Period.”