Full Conversion Date means with respect to a holder of the LTIP Units, the date on which the Economic Capital Account Balance of such holder first equals or exceeds the Target Balance.
Full Conversion Date has the meaning set forth in Section 2.1 hereof.
Full Conversion Date means the date on which Customer is in full production, with [*]% of all portfolios converted to the IPS Platform (which excludes a limited number of portfolios that remain on the pre-existing processing platform to be closed out, rather than converting to the IPS Platform).
Examples of Full Conversion Date in a sentence
This section provides a current snapshot of an evolving customer-sited DER market.
Prior to the Full Conversion Date, the conversion of Vested LTIP Units shall be subject to the limitation set forth in Section 4.2.
The maximum number of Vested LTIP Units that may be converted prior to the Full Conversion Date is equal to the product of (a) the result obtained by dividing (1) the Economic Capital Account Balance of the Vested LTIP Units by (2) the Target Balance of the Vested LTIP Units, in each case determined as of the effective date of the conversion and (b) the number of Vested LTIP Units.
More Definitions of Full Conversion Date
Full Conversion Date means with respect to an LTIP Unitholder, the date on which the Economic Capital Account Balance of the LTIP Unitholder’s LTIP Units first equals or exceeds the Target Balance.
Full Conversion Date means the earlier to occur of (i) the Shareholder Approval Date and (ii) September 5, 2015.
Full Conversion Date means, with respect to the Combined Preferred Stock of any Holder, the date the Company and such Holder, as applicable, have received all Conversion Approvals necessary to permit such Holder to convert such shares of Combined Preferred Stock into authorized Common Stock without such conversion resulting in a Violation.
Full Conversion Date means the date on which the Economic Capital Account Balance of the holder of the LTIP Units first equals or exceeds the Target Balance.
Full Conversion Date means a day which is on or after the Opening Date and the first day on which the last Affiliate Hotel is operating as a Hyatt Place Hotel pursuant to the terms of the applicable Franchise Agreement.
Full Conversion Date means with respect to a Profits Unitholder holding Vested Profits Units, the date on which the Economic Capital Account Balance of such Profits Unitholder’s Time-Based Profits Units or Performance Based Profits Units, as applicable, first equals or exceeds the Target Balance.
Full Conversion Date means with respect to a holder of the LTIP Units, the date on which the Economic Capital Account Balance of such