Examples of Forced Conversion Right in a sentence
All shares of any class or other securities which the Holder is at the time in question entitled or obligated to receive on the exercise of the Conversion Right or Forced Conversion Right, whether or not as a result of adjustments made pursuant to this Article 7, shall, for the purposes of the interpretation of this Debenture, be deemed to be shares which the Holder is entitled or obligated to acquire pursuant to the exercise of the Conversion Right or Forced Conversion Right.
Notwithstanding anything herein contained, Common Shares will be issued pursuant to the Forced Conversion Right in compliance with Applicable Securities Laws and the limitation set forth in Section 4.9.
If the Corporation elects to exercise its Forced Conversion Right with respect to less than all of the then outstanding Series A Preferred Shares, the Series A Preferred Shares to be converted shall be converted pro rata by each holder of Series A Preferred Shares based upon the total Series A Preferred Shares then outstanding and held by each holder of Series A Preferred Shares.
Struan Teague denotes the mobility of interjections, the mimicry of a tiny needle that has learned to subtract and contract words.
For the sake of clarity, the Lock-up Period shall not prevent the exercise of the Series N Forced Conversion Right or the Special Redemption Rights.
For greater certainty and without limiting the generality of the foregoing, the Corporation shall not be able to exercise the Forced Conversion Right following the occurrence of an Event of Default, such that upon a declaration by the Holder made pursuant to this Section 6.2 that all moneys payable hereunder are immediately due and payable, such payment may only be made by way of cash as opposed to any shares in the capital of the Corporation.
In the event that the Corporation elects to exercise the Forced Conversion Right, the Holder shall cause a representative of ● who has investment making decision with respect to the Holder to file a Form 2A – Personal Information Form with the Exchange as soon as practicable, provided that the issuance of Common Shares pursuant to such Forced Conversion will result in the Attribution Group meeting or exceeding the Debenture Ownership Threshold Restriction.