Involuntary Conversion definition

Involuntary Conversion means a conversion pursuant to Section 2(f)(vii) of Article IV of the Charter which results from the death of a Principal or a judgment of a governmental entity or other involuntary action.
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Involuntary Conversion has the meaning set forth in Section 10.6(a).
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Involuntary Conversion. , in relation to an asset, means the conversion of an asset by whatever means which, in the opinion of the Commissioner, is beyond the control of the taxpayer, including, but not limited to, destruction in whole or in part, theft, seizure, requisition, condemnation, or threat or imminence of destruction;
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Examples of Involuntary Conversion in a sentence

  • Gain On the Sale, Exchange or Involuntary Conversion of Property Used in a Trade or Business and Held for One Year or LessEnter from U.S. Form 4797 the amount of gain from the sale, ex- change or involuntary conversion of property used in a trade or busi- ness and held for one year or less.Line 36.

  • Gain On the Sale, Exchange or Involuntary Conversion of Property Used in a Trade or Business and Held for One Year or LessEnter from U.S. Form 4797 the amount of gain from the sale, ex- change or involuntary conversion of property used in a trade or busi- ness and held for one year or less.

  • Involuntary Conversion: Contributions resulting from condemnation or involuntary conversion of company facilities, or the threat or imminence thereof may be excluded from the ITCC requirement when supported by evidence acceptable to PG&E provided by the Eminent Domain Agency.

  • Such conversions shall be deemed to have been made immediately prior to the close of business on the day of the mailing of the Involuntary Conversion Notice, and the person or persons entitled to receive the shares of Common Stock issuable upon such conversions shall be treated for all purposes as the record holder or holders of such shares of Common Stock as of such date.

  • The words "hereof," "herein," "hereby," "hereunder" and similar terms in this Deed of Trust refer to this Deed of Trust as a whole including the Preamble, the Recitals and all Schedules and Exhibits, but subject to Section 1.4 of the Loan Agreement) and not to any particular provision of this Deed of Trust.

  • Where, in the opinion of PG&E, payments or other forms of compensation received by PG&E from an Eminent Domain Agency satisfy the requirements of Internal Revenue Code (IRC) section 1033 as an Involuntary Conversion, the value of such payments, property or other permis sible forms of compensation will not be treated as taxable income by PG&E and, as a result, the ITCC component of the Contribution will not be collected.

  • In the event of an involuntary conversion pursuant to Section 6.2 hereof, from and after the Involuntary Conversion Date this Note shall only represent the right to receive the shares of Common Stock issuable pursuant to such involuntary conversion, and the Company shall have no obligation under this Note other than to issue such Common Stock.

  • Such conversion shall be deemed to have been made immediately prior to the close of business on the date of the mailing of the Involuntary Conversion Notice, and the person or persons entitled to receive the shares of Common Stock issuable upon such conversion shall be treated for all purposes as the record holder or holders of such shares of Common Stock as of such date.

  • Gain On the Sale, Exchange or Involuntary Conversion of Property Used in a Trade or Business and Held for One Year or LessEnter from U.S. Form 4797 the amount of gain from the sale, ex- change or involuntary conversion of property used in a trade or busi- ness and held for one year or less.Line 24.

  • On any Involuntary Conversion Date, the Note is convertible into shares of the Company’s common stock (the “Involuntary Conversion Shares”) at a conversion price equal to a twenty five percent (25%) discount to the average closing price (ACP) of the Company’s common stock for the trailing fifteen (15) days immediately prior to the Voluntary Conversion Date (the “Involuntary Conversion Price”).


More Definitions of Involuntary Conversion

Involuntary Conversion. , in relation to an asset, means the conversion of an asset by whatever means which, in the opinion of the Commissioner, is beyond the control of the taxpayer, including, but
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Related to Involuntary Conversion

  • Mandatory Conversion shall have the meaning set forth in Section 6.

  • Automatic Conversion means the irrevocable and automatic release of all of the Issuer’s obligations under the Securities (other than the CSO Obligations, if any) in consideration of the Issuer’s issuance of the Conversion Shares at the Conversion Price to the Conversion Shares Depository (on behalf of the holders of the Securities) or to the relevant recipient, in accordance with the terms of the Securities.

  • Mandatory Conversion Date has the meaning set forth in Section 7(a).

  • Change of Control Conversion Date shall have the meaning provided in the Articles Supplementary.

  • Automatic Conversion Date shall have the meaning specified in Section 15.12(a).

  • Conversion Period means the period of time commencing on the eighth day after the Offer Date and terminating on the Expiry Date;

  • Forced Conversion shall have the meaning set forth in Section 6(d).

  • Mandatory Conversion Notice shall have the meaning ascribed to it in Section 4.01(b)(ii) hereof.

  • Forced Conversion Date shall have the meaning set forth in Section 6(d).

  • Conversion Event means the cessation of use of (i) a Foreign Currency both by the government of the country which issued such currency and for the settlement of transactions by a central bank or other public institutions of or within the international banking community, (ii) the ECU both within the European Monetary System and for the settlement of transactions by public institutions of or within the European Communities or (iii) any currency unit (or composite currency) other than the ECU for the purposes for which it was established.

  • Make-Whole Fundamental Change Conversion Period has the following meaning:

  • Optional Conversion means the conversion of any Convertible Preferred Stock other than a Mandatory Conversion.

  • Continuation/Conversion Date means the date on which a Loan is converted into or continued as a LIBOR Rate Loan.

  • Company Conversion Price means, the lower of (i) the applicable Conversion Price and (ii) that price which shall be computed as ninety five percent (95%) of the lowest Volume Weighted Average Price of the Common Stock during the fifteen (15) consecutive Trading Days immediately preceding the applicable Installment Date. All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction.

  • Major conversion means a conversion of an existing ship:

  • Conversion Amount means the sum of the Stated Value at issue.

  • Forced Conversion Amount means the sum of (a) 100% of the aggregate Stated Value then outstanding and (b) all liquidated damages and other amounts due in respect of the Preferred Stock.

  • Optional Conversion Date means, with respect to the Optional Conversion of any Convertible Preferred Stock, the first Business Day on which the requirements set forth in Section 10(d)(ii) for such conversion are satisfied.

  • Adjusted Conversion Price means the lesser of the Fixed Conversion Price or the Floating Conversion Price one day prior to the record date set for the determination of stockholders entitled to receive dividends, distributions, rights or warrants as provided for in Sections 4(c)(ii), (iii) and (iv).

  • Interest Conversion Price means, with respect to any Interest Date, that price which shall be computed as 100.0% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the ten (10) consecutive Trading Days immediately preceding the applicable Interest Date (each, an “Interest Measuring Period”). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during such period.

  • Exercise Termination Event (i) the Effective Time (as defined in the Merger Agreement) of the Merger; (ii) termination of the Merger Agreement in accordance with the provisions thereof if such termination occurs prior to the occurrence of an Initial Triggering Event, except a termination by Grantee pursuant to Section 8.1(d) of the Merger Agreement (unless the breach by Issuer giving rise to such right of termination is non-volitional); or (iii) the passage of 12 months after termination of the Merger Agreement if such termination follows the occurrence of an Initial Triggering Event or is a termination by Grantee pursuant to Section 8.1(d) of the Merger Agreement (unless the breach by Issuer giving rise to such right of termination is non-volitional) (provided that if an Initial Triggering Event continues or occurs beyond such termination and prior to the passage of such 12-month period, the Exercise Termination Event shall be 12 months from the expiration of the Last Triggering Event but in no event more than 18 months after such termination). The "Last Triggering Event" shall mean the last Initial Triggering Event to expire. The term "Holder" shall mean the holder or holders of the Option.

  • Conversion and “Converted” each refers to a conversion of Advances of one Type into Advances of the other Type pursuant to Section 2.08 or 2.09.

  • Interest Conversion Shares shall have the meaning set forth in Section 2(a).

  • Early Preference Share Redemption Event means the event that occurs if:

  • Default Conversion Price shall have the meaning set forth in Section 4(b).

  • Conversion Date shall have the meaning set forth in Section 4(a).