Examples of Notice of Conversion by the Holder in a sentence
Subject to the terms and conditions herein, upon submission of a Notice of Conversion by the Holder, (i) this Note shall be deemed converted into Conversion Shares and (ii) the Holder’s rights as the holder of this Note shall cease and terminate, excepting only the right to receive the Conversion Shares as set out herein and to any remedies provided herein or otherwise available at law or in equity to such Holder because of a failure by the Company to comply with the terms of this Note.
Each delivery of a Notice of Conversion by the Holder will constitute a representation by the Holder that it has evaluated the limitation set forth in this Section 4(c) and determined, based on this Section 4(c), that the issuance of the full number of Conversion Shares requested in such Notice of Conversion is permitted under this Section 4(c), and the Company shall have no obligation to verify or confirm such determination.
The Holder’s Optional Conversion is exercisable by the delivery of the Debenture and the Notice of Conversion by the Holder to the Issuer, duly signed and completed by the Holder.
The Figure 4-4 shows a progressive increase of the duration of “evaluation” and “analysis” tasks from Component Testing until Customer testing phases; later, the duration descend to values similar to the starting phases of the development.
The Company shall notify the Holder in writing within three (3) business days of the date Notice of Conversion by the Holder is received by the Company or three business days prior to the Maturity Date, as applicable, of the form in which the Company elects to pay accrued interest.
Any shares of Preferred Stock not previously converted or redeemed as of the Maturity Date, shall be automatically converted (an "Automatic Conversion"), without further action of any kind (including, but not necessarily limited to, the giving of a Notice of Conversion) by the Holder, as of the Maturity Date at the Conversion Price applicable on the Maturity Date.
If no un-collateralized principal is outstanding at a time when the Holder converts more than the sum of the Daily Redemption Amounts during a pending Settlement Period, such excess amount shall be applied to the end of the Redemption Period, unless otherwise indicated in the Notice of Conversion by the Holder.
Unless otherwise indicated in the Notice of Conversion by the Holder, any principal amount of this Debenture voluntarily converted during any Settlement Period which is in excess of the Holder's Pro Rata Portion of the sum of the Daily Redemption Amounts calculated during such Settlement Period shall be applied against that portion of the principal amount which is not collateralized by the Custodial Account (i.e. one-third of the original principal amount).
Each delivery of a Notice of Conversion by the Holder will constitute a representation by the Holder that it has evaluated the limitation set forth in this Section 4(c) and determined, based on this Section 4(c), that the issuance of the full number of Conversion Shares requested in such Notice of Conversion is permitted under this Section 4(c), and the Borrower shall have no obligation to verify or confirm such determination.
The Company shall notify the Holder in writing within one (1) business day of the date Notice of Conversion by the Holder is received by the Company or five (5) business days prior to the Maturity Date, as applicable, of the form in which the Company elects to pay accrued interest.