PRINCIPAL CONVERSION SETTLEMENT ELECTION definition

PRINCIPAL CONVERSION SETTLEMENT ELECTION has the meaning set forth in Section 12.12(a).
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PRINCIPAL CONVERSION SETTLEMENT ELECTION has the meaning set forth in Section 12.2.
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PRINCIPAL CONVERSION SETTLEMENT ELECTION has the meaning set forth in Section 12.13(a).
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Examples of PRINCIPAL CONVERSION SETTLEMENT ELECTION in a sentence

  • On the first date the Securities become convertible under the circumstances described in Section 12.1, the Company shall make an election (the "PRINCIPAL CONVERSION SETTLEMENT ELECTION") and notify the Holders in writing whether a Holder who surrenders a Security (each, a "SURRENDERED SECURITY") will be entitled to receive, in respect of the Principal Amount at Issuance of such Security upon surrender thereof, 100% Common Stock, 100% cash or a combination of cash and Common Stock.

  • At any time after the Issue Date, the Company may make an election at its sole and absolute discretion (the "PRINCIPAL CONVERSION SETTLEMENT ELECTION") (in which case it will notify the Holders in writing and make a Public Notice) that the Company will satisfy the Conversion Obligation applicable to the principal amount of all Notes thereafter converted by paying 100% of the principal amount of such Notes in cash.

  • On the first date the Notes become convertible under the circumstances described in Section 12.1, the Company shall make an election (the "PRINCIPAL CONVERSION SETTLEMENT ELECTION") and notify the Holders in writing whether a Holder who surrenders a Note (each, a "SURRENDERED SECURITY") will be entitled to receive, in respect of the principal amount of such Note upon surrender thereof, 100% Common Stock, 100% cash or a combination of cash and Common Stock.

Related to PRINCIPAL CONVERSION SETTLEMENT ELECTION

  • Make-Whole Fundamental Change Conversion Period has the following meaning:

  • Mandatory Conversion Notice has the meaning set forth in Section 4.7.C hereof.

  • 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.

  • 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.

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

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

  • Physical Settlement Amount For any Settlement Date for which Physical Settlement is applicable, an amount in cash equal to the product of (a) the Forward Price in effect on the relevant Settlement Date multiplied by (b) the Settlement Shares for such Settlement Date.

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

  • Forced Conversion Notice Date shall have the meaning set forth in Section 6(d).

  • Optional Redemption Amount (Call) means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, the relevant Final Terms;

  • 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.

  • Combination Settlement shall have the meaning specified in Section 14.02(a).

  • Subscription Settlement Date means the second Valuation Date after the Subscription Trade Date, provided that such Valuation Date is not a Disrupted Day and that such Valuation Date is both a Currency Business Day and a Clearing System Business Day.

  • Automatic Conversion means the irrevocable and automatic release of all of the Company’s obligations under the Securities (other than the CSO Obligations, if any) in consideration of the Company’s issuance of the Conversion Shares at the Conversion Price to the Conversion Shares Depository (on behalf of the Holders and Beneficial Owners of the Securities) or to the relevant recipient of such Conversion Shares, all in accordance with the terms of the Securities.

  • Mandatory Settlement Date means the earliest of:

  • Call Settlement Date means the fifth Business Day following the last Index Business Day in the Call Measurement Period.

  • Forced Conversion Notice has the meaning set forth in Section 4.05(c) hereof.

  • Physical Settlement Date means the date specified as such in any Physical Settlement Notice, which shall be not earlier than 10 nor later than 20 Business Days after the date on which the Physical Settlement Notice is given.

  • Cash Settlement Amount means, in respect of every Board Lot, an amount calculated by the Issuer in accordance with the following formula (and, if appropriate, either (I) converted (if applicable) into the Settlement Currency at the Exchange Rate or, as the case may be, (II) converted into the Interim Currency at the First Exchange Rate and then (if applicable) converted into Settlement Currency at the Second Exchange Rate):

  • Failed Remarketing Condition—Purchased VRDP Shares Redemption means redemption by the Fund, at a Redemption Price equal to $100,000 per share plus accumulated but unpaid dividends thereon (whether or not earned or declared) to, but excluding, the date fixed by the Board of Directors for redemption, of VRDP Shares that the Liquidity Provider shall have acquired pursuant to the Purchase Obligation and continued to be the beneficial owner of for federal income tax purposes for a period of six months during which such VRDP Shares cannot be successfully remarketed (i.e., a Failed Remarketing Condition--Purchased VRDP Shares shall have occurred and be continuing for such period of time with respect to such VRDP Shares), determined by the Fund on a first-in, first-out basis, in accordance with and subject to the provisions of the VRDP Fee Agreement and this Statement.

  • Initial Conversion Price has the meaning specified in Section 13.01.

  • Cash Settlement shall have the meaning specified in Section 14.02(a).