Examples of Holder Conversion Right in a sentence
Conversion shall be deemed to have been effected on (a) in the case of the Holder Conversion Right, the date that such delivery of the Debenture and conversion notice is actually made, or(b) in the case of a Company Conversion, as of the 5:00 p.m. San Francisco, California time on the sixth (6th) Trading Day following the delivery to the Holder by the Company of written notice of such Company Conversion (as applicable, the “Conversion Date”).
Playing when under suspensionKnowingly participates in a game while under suspensionAdministrativeNonen/a6-12 months24 - 60 monthsUp to lifetime42.
Holder Conversion Right means the right of a Holder to convert some or all of its Notes into Shares as set out in Condition 7.2 (“Holder Conversion Right).
Convert all (or any amount) of the Class B Notes (with the exception of the Mandatory Conversion Notes),into Shares at the Conversion Price ( Holder Conversion Right).
Prior to the date of prepayment specified in the notice, a holder may elect to exercise the Holder Conversion Right.
A Holder Conversion Right may be exercised by a Holder during the Holder Conversion Period by delivering a duly signed and completed Holder Conversion Notice to the Specified Office of the Issuer.
The Shares to be delivered through CHESS will be delivered to the account specified by the Holder exercising such Holder Conversion Right in the Holder Conversion Notice by a date which is generally expected to be not later than three Sydney business days after the relevant Conversion Date.
The Company covenants that, for so long as any Debentures remain outstanding, the Company will at all times have authorized and reserved for the purpose of issue upon exercise of the Holder Conversion Right or upon a Company Conversion, a sufficient number of shares of Common Stock to provide for the full exercise of the Holder Conversion Right or the conversion pursuant to a Company Conversion.
The Holder Conversion Right may be exercised by the Holder by the surrender of this Debenture (or of any replacement Debenture issued hereunder) with the conversion notice attached hereto duly executed, at the principal office of the Company or the transfer agent of the Company.