Examples of Holder Conversion in a sentence
In the event that only a portion of the Principal Sum is subject to Holder Conversion, the Holder will be entitled to receive a replacement Debenture representing the Principal Sum not subject to Holder Conversion on the same terms and provisions contained herein.
Relevant Fraction means: (a) with respect to Conversion required after the occurrence of a Non-Viability Trigger Event, 0.2; and (b) with respect to a Holder Conversion, a fraction specified in the applicable Pricing Supplement.
As promptly as possible after receipt of the Conversion Notice and this Debenture, but subject to Section 4.03 hereto, the Company shall issue or cause to be issued and deliver or cause to be delivered to the Holder a certificate in the name of the Holder for the number of Common Shares deliverable upon the Holder Conversion.
In order to elect to Convert its Subordinated MTNs, a Subordinated MTN Holder must give a Holder Conversion Notice to the Issuer (with a copy to IAG) within the minimum notice period (if any) but not more than the maximum notice period (if any) specified in the relevant Pricing Supplement in accordance with Condition 12.
You can exercise your right to request Conversion by sending the Issuer a RES Holder Conversion Notice under the Amended RES Terms or by sending IAG a Preference Shareholder Conversion Notice under the Amended Preference Share Terms.
If this occurs, the nominee will sell those Ordinary Shares and pay you the proceeds less the sale charges.Number of Ordinary Shares issued following Holder ConversionThe number of Ordinary Shares issued to you following a Holder Conversion may be capped at the Maximum Conversion Number in some circumstances – see Section 6.7 (Conversion formulae) of this PDS.
The Issuer or IAG, as applicable, will respond with an Issuer Notice or a Preference Share Exchange Notice, as applicable, detailing which of Redemption, Conversion or Resale will apply.1.8.4 Are there any limitations on your right to request Conversion?Under the Amended RES Terms, an Issuer Notice given by the Issuer pursuant to its rights to initiate a Redemption, Conversion or Resale (see Section 1.9.1) will prevail over a RES Holder Conversion Notice regardless of which is given first.
Once given, a Holder Conversion notice cannot be revokedOrdinary Shares may be issued to a nominee instead of youIf any of your Notes are to be Converted on a Holder Conversion Date and you are not, or IAG believes you may not be, a New Zealand or Australian resident at the time of Conversion, the Ordinary Shares may be issued to a nominee instead of you.
Each Holder Conversion Notice shall be given by facsimile and by mail, postage prepaid, addressed to the attention of the Chief Financial Officer of the Company at the facsimile telephone number and address of the principal place of business of the Company.
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