Mandatory Conversion shall have the meaning set forth in Section 6.
Date of Conversion Conversion Price:_______________________________________________________________
Mandatory Conversion Date has the meaning set forth in Section 7(a).
Major conversion means a conversion of an existing ship:
Optional Conversion means the conversion of any Convertible Preferred Stock other than a Mandatory Conversion.
Mandatory Conversion Notice shall have the meaning ascribed to it in Section 4.01(b)(ii) hereof.
Automatic Conversion means the irrevocable and automatic release of all of the Issuer’s obligations under the Securities (other than the CSO Obligations, if any) in consideration of the Issuer’s issuance of the Conversion Shares at the Conversion Price to the Conversion Shares Depository (on behalf of the holders of the Securities) or to the relevant recipient, in accordance with the terms of the Securities.
Forced Conversion shall have the meaning set forth in Section 6(d).
Optional Conversion Date means, with respect to the Optional Conversion of any Convertible Preferred Stock, the first Business Day on which the requirements set forth in Section 10(d)(ii) for such conversion are satisfied.
Forced Conversion Notice Date shall have the meaning set forth in Section 6(d).
Interest Conversion Shares shall have the meaning set forth in Section 2(a).
Continuation/Conversion Notice means a notice of continuation or conversion and certificate duly executed by an Authorized Officer of the Borrower, substantially in the form of Exhibit C hereto.
Forced Conversion Notice shall have the meaning set forth in Section 6(d).
Continuation/Conversion Date means the date on which a Loan is converted into or continued as a LIBOR Rate Loan.
Forced Conversion Date shall have the meaning set forth in Section 6(d).
Conversion Date shall have the meaning set forth in Section 4(a).
Conversion Plan shall have the meaning given to such term in Section 2.05 of this Agreement.
Forced Conversion Amount means the sum of (a) 100% of the aggregate Stated Value then outstanding and (b) all liquidated damages and other amounts due in respect of the Preferred Stock.
Automatic Conversion Date shall have the meaning specified in Section 15.12(a).
New Conversion Price means the amount determined in accordance with the following formula, which shall apply from the QTE Effective Date: NCP = ECP * (VWAPAES / VWAPOS) where:
Final Conversion Date means 5:00 p.m. in New York City, New York on the earlier to occur following the IPO of (i) the first Trading Day falling on or after the date on which the outstanding shares of Class B Common Stock represent less than ten percent (10%) of the aggregate number of shares of the then outstanding Class A Common Stock and Class B Common Stock, (ii) the tenth (10th) anniversary of the IPO or (iii) the date specified by affirmative vote of the holders of a majority of the outstanding shares of Class B Common Stock, voting as a single class.
Series B Conversion Price means, as of the applicable Conversion Date, the greater of (A) the average of the Market Values of the Common Stock for the five consecutive Trading Days preceeding (but not including) such Conversion Date, or (B) the then effective Series B Minimum Conversion Price.
Company Conversion Price means, the lower of (i) the applicable Conversion Price and (ii) that price which shall be computed as ninety five percent (95%) of the lowest Volume Weighted Average Price of the Common Stock during the fifteen (15) consecutive Trading Days immediately preceding the applicable Installment Date. All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction.
Fixed Conversion Price shall have the meaning set forth in Section 4(b).
Default Conversion Price shall have the meaning set forth in Section 4(b).
Notice of Conversion/Continuation shall have the meaning provided in Section 2.06.