Optional Conversion means the conversion of any Convertible Preferred Stock other than a Mandatory Conversion.
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.
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.
Date of Conversion Conversion Price:_______________________________________________________________ Shares To Be Delivered:_________________________________________________________ Signature:______________________________________________________________________ Print Name:_____________________________________________________________________ Address:________________________________________________________________________
Major conversion means a conversion of an existing ship:
Mandatory Conversion shall have the meaning set forth in Section 6.
Mandatory Conversion Date has the meaning set forth in Section 7(a).
Forced Conversion has the meaning set forth in Section 4.05(c) hereof.
Change of Control Conversion Date shall have the meaning provided in the Articles Supplementary.
Automatic Conversion Date has the meaning specified in Section 13.14(a).
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.
Interest Conversion Shares shall have the meaning set forth in Section 2(a).
Forced Conversion Date shall have the meaning set forth in Section 6(d).
Conversion Plan shall have the meaning given to such term in Section 2.05 of this Agreement.
Continuation/Conversion Date means the date on which a Loan is converted into or continued as a LIBOR Rate Loan.
Mandatory Conversion Notice has the meaning set forth in Section 4.7.C hereof.
Company Conversion Price means, the lower of (i) the applicable Conversion Price and (ii) that price which shall be computed as 90% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the twenty (20) consecutive Trading Days immediately following the applicable Installment Date (each such period, a "Company Conversion Measuring Period"). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction that proportionately decreases or increases the Common Stock the applicable such Company Conversion Measuring Period.
Rollover Notice shall have the meaning ascribed thereto in Section 5.2.
Rollover Contribution means any rollover contribution to the Plan made by a Participant as may be permitted under Article V.
Plan of Conversion has the meaning given such term in Section 14.1.
Forced Conversion Notice Date shall have the meaning set forth in Section 6(d).
Conversion Date shall have the meaning set forth in Section 4(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 has the meaning set forth in Section 4.05(c) hereof.
Rollover means the renewal of all or any part of any LIBOR Rate Loan upon the expiration of the Interest Period with respect thereto, pursuant to Section 2.3.
Certificate of Conversion means the certificate of conversion converting the Company’s prior partnership into the Company filed with the office of the Secretary of State of the State of Delaware on March 2, 2000.