Mandatory Conversion definition

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

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

Mandatory Conversion means a conversion pursuant to Section 5.

Examples of Mandatory Conversion in a sentence

• The Company may exercise its right to require conversion under this Section 4(e) by delivering within not more than five (5) Trading Days following the end of such Mandatory Conversion Measuring Period a written notice thereof by electronic mail to the Holder (the “Mandatory Conversion Notice” and the date that the Holder received such notice is referred to as the “Mandatory Conversion Notice Date”).

• If the Mandatory Conversion Conditions cease to be satisfied during Mandatory Conversion Measuring Period then, at the option of the Holder, the Mandatory Conversion shall be deemed withdrawn and void ab initio.

• The Mandatory Conversion Notice shall state (I) the Trading Day on which the Mandatory Conversion shall occur, which shall be the second (2nd) Trading Day following the Mandatory Conversion Notice Date (the “Mandatory Conversion Date”) and (II) the aggregate amount of the Note which the Company has elected to be subject to such Mandatory Conversion from the Holder (the “Mandatory Conversion Amount”) pursuant to this Section 4(e).

• For clarity, the Holder shall be entitled to convert the Note at any time and from time to time during the Mandatory Conversion Measuring Period pursuant to Section 4(a).

• CREDIT AGREEMENT LEGAL_43503785.7 Section 3.7 Mandatory Conversion Subject to Section 11.211.3, if a Default or Event of Default has occurred and is continuing on the last day of a Contract Period, the Master LP Borrowers shall be deemed to have converted each XXXXX Loan that is not repaid on such last day into a Prime Loan, as applicable in an amount equal to the face amount of the XXXXX Loan.

More Definitions of Mandatory Conversion

Mandatory Conversion means a conversion pursuant to Section 14.03(a).

Mandatory Conversion has the meaning set forth in Section 10(c)(i).

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

Mandatory Conversion shall have the meaning set forth in Section 3(1).

Mandatory Conversion means conversion of the Notes at the option of the Company pursuant to Condition 6D.

Mandatory Conversion means the required conversion of 50 percent of a Participant's Director Fees into a Share Unit Award pursuant to Section 6 hereof.

Mandatory Conversion is defined in Section 5(c).