Conversion condominium means a condominium containing structures which before the recording of the declaration, were wholly or partially occupied by persons other than those who have contracted for the purchase of condominium units and those who occupy with the consent of such purchasers.
Certificate of Conversion means the Certificate of Conversion to Limited Liability Company of the Corporation to the Company as filed in the office of the Secretary of State of the State of Delaware pursuant to the Delaware Act.
Major conversion means a conversion of an existing ship:
Initial Conversion Price has the meaning specified in Section 13.01.
New Conversion Price means the amount determined by the Conversion Calculation Agent in accordance with the following formula: