Forced Conversion Date shall have the meaning set forth in Section 6(d).
Optional Conversion Date means, with respect to the Optional Conversion of any Convertible Preferred Stock, the first Business Day on which the requirements set forth in Section 10(d)(ii) for such conversion are satisfied.
Mandatory Conversion Date has the meaning set forth in Section 7(a).
Final Conversion Date means 5:00 p.m. in New York City, New York on the earlier to occur following the IPO of (i) the first Trading Day falling on or after the date on which the outstanding shares of Class B Common Stock represent less than ten percent (10%) of the aggregate number of shares of the then outstanding Class A Common Stock and Class B Common Stock, (ii) the tenth (10th) anniversary of the IPO or (iii) the date specified by affirmative vote of the holders of a majority of the outstanding shares of Class B Common Stock, voting as a single class.
Automatic Conversion Date shall have the meaning specified in Section 15.12(a).
Term Loan Conversion Date means the Termination Date on which all Revolving Credit Advances outstanding on such date are converted into a term loan pursuant to Section 2.06.
Change of Control Conversion Date shall have the meaning provided in the Articles Supplementary.
Forced Conversion Notice Date shall have the meaning set forth in Section 6(d).
Initial Conversion Price has the meaning specified in Section 13.01.
Make-Whole Fundamental Change Conversion Period has the following meaning:
Default Conversion Price shall have the meaning set forth in Section 4(b).
Adjusted Conversion Price means the lesser of the Fixed Conversion Price or the Floating Conversion Price one day prior to the record date set for the determination of stockholders entitled to receive dividends, distributions, rights or warrants as provided for in Sections 4(c)(ii), (iii) and (iv).
Judgment Conversion Date as defined in subsection 10.8(a).
Forced Conversion Amount means the sum of (a) 100% of the aggregate Stated Value then outstanding and (b) all liquidated damages and other amounts due in respect of the Preferred Stock.
Conversion Date shall have the meaning set forth in Section 4(a).
Continuation/Conversion Date means the date on which a Loan is converted into or continued as a LIBOR Rate Loan.
Major conversion means a conversion of an existing ship:
Fixed Conversion Price shall have the meaning set forth in Section 4(b).
Forced Conversion Notice shall have the meaning set forth in Section 6(d).
Optional Conversion means the conversion of any Convertible Preferred Stock other than a Mandatory Conversion.
Interest Conversion Price means, with respect to any Interest Date, that price which shall be computed as 100.0% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the ten (10) consecutive Trading Days immediately preceding the applicable Interest Date (each, an “Interest Measuring Period”). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during such period.
Class B Final Scheduled Payment Date means the Payment Date occurring in June 2021.
Forced Conversion shall have the meaning set forth in Section 6(d).
Interest Conversion Rate means the lesser of (a) the Conversion Price or (b) 90% of the lesser of (i) the average of the VWAPs for the 20 consecutive Trading Days ending on the Trading Day that is immediately prior to the applicable Interest Payment Date or (ii) the average of the VWAPs for the 20 consecutive Trading Days ending on the Trading Day that is immediately prior to the date the applicable Interest Conversion Shares are issued and delivered if such delivery is after the Interest Payment Date.
Mandatory Conversion Notice shall have the meaning ascribed to it in Section 4.01(b)(ii) hereof.
Fixed Conversion Rates means the Maximum Conversion Rate and the Minimum Conversion Rate.