Holder Conversion Notice definition

Holder Conversion Notice means a written notice in the form attached hereto as Exhibit A.

Holder Conversion Notice is defined in Section 5.12(b)(vii)(D).

Holder Conversion Notice substantially in the form provided in Exhibit B hereto, stating that the holder of Class C Convertible Preferred Units elects to convert the Class C Convertible Preferred Units represented by such Certificate, or, if less than the entire number of Class C Convertible Preferred Units represented by such Certificate are to be converted, the whole number of such Class C Convertible Preferred Units to be converted. Any such delivery of Certificates and the Holder Conversion Notice shall be irrevocable. Only whole numbers of Class C Convertible Preferred Units may be converted.

Examples of Holder Conversion Notice in a sentence

• If no Holder Conversion Date is specified in a Holder Conversion Notice, the Holder Conversion Date shall be the date that such Holder Conversion Notice is deemed delivered hereunder.

• In the event of a conversion of any Series A1 Preference Shares pursuant to an Holder Conversion Notice, the Company shall issue to the holder of such Series A-1 Preference Shares a number of Conversion Shares equal to (i) the Series A-1 Face Value multiplied by (ii) the number of such Series A-1 Preference Shares subject to the Holder Conversion Notice divided by (iii) the applicable Conversion Price with respect to such Series A-1 Preference Shares.

• If the Holder is converting less than all of the principal amount represented by the Debenture(s) tendered by the Holder with the Holder Conversion Notice, or if a conversion hereunder cannot be effected in full for any reason, the Company shall honor such conversion to the extent permissible hereunder and shall promptly deliver to such Holder (in the manner and within the time set forth in Section 4(b)) a new Debenture for such principal amount as has not been converted.

• The Holder Conversion Notice shall be irrevocable and shall state (i) the date on which the Holder Conversion shall be consummated, and (ii) the aggregate Conversion Amount to be converted pursuant to this Section 3(a).

• Subject to Section 4(b), each Holder Conversion Notice, once given, shall be irrevocable.

More Definitions of Holder Conversion Notice

Holder Conversion Notice has the meaning given to it in clause 4 Issue Date the date of issuance of the Note. Issuance Deadline has the meaning given to it in clause 6.1.

Holder Conversion Notice has the meaning set forth in Section 5.3 of this Note.

Holder Conversion Notice means a written notice in the form attached hereto as Exhibit A. "Holder Prepayment Price" for any Secured Debentures required to be prepaid pursuant to: (x) Section 9(b)(i), shall equal the sum of: (i) the principal amount of Secured Debentures to be prepaid, plus all accrued and unpaid interest thereon and (ii) all other amounts, costs, expenses and liquidated damages due in respect of such Secured Debentures and (y) Section 9(b)(ii), shall equal the sum of: (i) 110% of the principal amount of Secured Debentures to be prepaid, plus all accrued and unpaid interest thereon and (ii) all other amounts, costs, expenses and liquidated damages due in respect of such Secured Debentures.

Holder Conversion Notice means a written notice that is executed and delivered to the Secretary of the Company by the Holders of a majority of the outstanding shares of Series D Preferred Stock at any time after the Initial Shareholders’ Meeting if Shareholder Approval is not obtained at the Initial Shareholders’ Meeting and that expressly states in such written notice that it is intended to result in the mandatory conversion of the Series D Preferred Stock pursuant to Section 9 and be the written notice contemplated by this definition. Notwithstanding anything contained herein to the contrary, the Holders may not deliver a Holder Conversion Notice between the time of the Initial Shareholders’ Meeting and prior to the date that is 180 days following the Effective Date if (i) Shareholder Approval is not obtained at the Initial Shareholders’ Meeting and (ii) the Holders of a majority of the outstanding shares of Series D Preferred Stock and the Company mutually agree in writing that the Company shall call a Subsequent Shareholder Meeting.

Holder Conversion Notice means a written notice in the form attached hereto as Exhibit A. "Holder Prepayment Price" for any Debentures required to be prepaid pursuant to Section 7, shall equal the sum of: (i) the principal amount of Debentures to be prepaid, plus all accrued and unpaid interest thereon and (ii) all other amounts, costs, expenses and liquidated damages due in respect of such Debentures.

Holder Conversion Notice has the meaning assigned to such term in Section 5.10(b)(ix)(B).

Holder Conversion Notice means a written notice (together with a Conversion Schedule) in the form attached hereto as Exhibit A.