Examples of Optional Conversion Event in a sentence
The maximum principal amount of the Convertible Note which can be converted into Conversion Shares without resulting in the percentage of issued share capital of the Company in the hands of the public shareholders being less than 25% (after taking into account the dilutive effect of the Conversion Shares) upon the occurrence of an Optional Conversion Event shall be referred to as the ‘‘Maximum Optional Principal Amount’’.
The Company shall use commercially reasonable efforts to provide the SRN Majority Holders, if any, with written notice of any SRN Special Optional Conversion Event (as defined in the Company Charter) no later than ten (10) business days after the occurrence of such SRN Special Optional Conversion Event.
Optional conversion at the election of SCA Group:Upon the occurrence of an Optional Conversion Event, the Company shall notify SCA Group in writing within one business day from the date of occurrence of such Optional Conversion Event.
The Company shall provide the SRN Majority Holders (as defined below), if any, with (i) written notice of an SRN Optional Conversion Event (as defined in the Company Charter) no later than thirty (30) days prior to the effectiveness of such SRN Optional Conversion Event and (ii) written notice of final approval of such SRN Optional Conversion Event no later than seven (7) business days after the occurrence of such event.
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