Optional Conversion definition

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

Optional Conversion has the meaning set forth in Section 6(a).

Optional Conversion means the conversion of units of the Designated Preferred into Common Interests at the then-applicable Conversion Rate, either (i) in whole or in part, at any time or from time to time, at the election of the Issuer, subject to the requirements and conditions set forth in Section 6(a)(i)(A), or (ii) in whole or in part, at the election of the Holder, upon any public offering of the Common Interests or upon the occurrence of a Change of Control of the Issuer, subject to the requirements and conditions set forth in Section 6(a)(i)(B).

Examples of Optional Conversion in a sentence

• A Holder shall exercise its Optional Conversion Right by providing written notice to the Company of its intent to convert and the number of shares of Series C Preferred Stock to be converted (the “Conversion Notice”).

• For the avoidance of doubt, if, prior to the Optional Conversion Date, the Company has provided notice of its election to redeem some or all of the shares of Series C Preferred Stock (whether pursuant to its Optional Redemption Right or its Special Optional Redemption Right), the Holders will not have the Optional Conversion Right with respect to such shares of Preferred Stock.

• The Company shall fix the Optional Conversion Date in accordance with the terms of this Certificate of Designation and notify the converting Holder within a reasonable amount of time following the receipt of such Xxxxxx’s notice of conversion.

• The Company shall not be obligated to honor a Notice of Conversion tendered after the time of delivery of an Optional Conversion Notice.

• Within one business days after the Optional Conversion Date, the Company shall issue and deliver to such Holder, or its nominee, in book entry or at such Holder’s address as it appears on the records of the stock transfer agent for the Series C Preferred Stock, if any, or, if none, of the Company, a certificate or certificates for the number of whole shares of Common Stock issuable upon such conversion in accordance with the provisions hereof.

More Definitions of Optional Conversion

Optional Conversion means a conversion of this Note to Common Stock at the option of the Holder in accordance with Section 3.1(a).

Optional Conversion has the meaning specified in Section 7.

Optional Conversion shall have the meaning specified in Section 14.02.

Optional Conversion means the conversion of shares of the Designated Preferred Stock into Common Stock at the then-applicable Conversion Rate, either (i) in whole or in part, at any time or from time to time, at the election of the Issuer, subject to the requirements and conditions set forth in Section 6(a)(i)(A), or (ii) in whole or in part, at the election of the Holder, upon any public offering of the Common Stock or upon the occurrence of a Change of Control of the Issuer, subject to the requirements and conditions set forth in Section 6(a)(i)(B).

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

Optional Conversion means an optional conversion of Senior Preferred pursuant to Article II, Section 4(a).

Optional Conversion means an optional conversion of all or any portion of this Note as provided in Section 4(a)(i).