Scheduled Mandatory Conversion Date definition

Scheduled Mandatory Conversion Date means May 1, 2024.
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Scheduled Mandatory Conversion Date means the Interest Payment Date falling on 25 May 2022. Special Resolution means either (i) a resolution passed at a meeting of Holders by at least 75% of the votes validly cast on a poll by Holders in person or by proxy or (ii) a resolution signed by Holders of at least 75% of the aggregate Face Value of Outstanding Notes at that time. Subsidiary has the meaning given in the Corporations Act.
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Scheduled Mandatory Conversion Date means [_____]10.
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Examples of Scheduled Mandatory Conversion Date in a sentence

  • If Mandatory Conversion does not occur on the Scheduled Mandatory Conversion Date, Mandatory Conversion would then occur on the first Distribution Payment Date following the Scheduled Mandatory Conversion Date on which all of the Mandatory Conversion Conditions are satisfied unless Notes are otherwise Exchanged on or before that date.

  • This could be before or after the Scheduled Mandatory Conversion Date.

  • There is a risk that Mandatory Conversion may not occur on the Scheduled Mandatory Conversion Date or at all.Capital Notes are expected to Convert into Ordinary Shares on 16 June 2025 (subject to certain conditions being satisfied, unless Exchanged or Written-Off prior to that date).

  • However, Mandatory Conversion is subject to satisfaction of the Mandatory Conversion Conditions and may not occur on the Scheduled Mandatory Conversion Date, or at all.

  • Accordingly, there is a risk that Bendigo and Adelaide Bank’s Common Equity Tier 1 Capital Ratio will fall to 5.125% or below and that as a result, CPS4 will Convert into Ordinary Shares before the Scheduled Mandatory Conversion Date.

  • Challenger Capital Notes 3 must be Converted into Ordinary Shares on the Scheduled Mandatory Conversion Date (25 May 2028) (unless they have been Redeemed for cash, Converted to Ordinary Shares or Written-Off on an earlier date).

  • The Mandatory Conversion Date will be the earlier of: (a)1 September 2019 (the Scheduled Mandatory Conversion Date); and (b)the first Dividend Payment Date after the Scheduled Mandatory Conversion Date (a Subsequent Mandatory Conversion Date), (each a Relevant Date) on which the Mandatory Conversion Conditions are satisfied.

  • RESOLVED: that Miranda Wixon (Healthwatch chair) and Daksha Keys (a Healthwatch Brent CIC director) be appointed as first and second alternates respectively to Ann O’Neill on the Health and Wellbeing Board.

  • Replacement has the meaning given in clause 18.4. Scheduled Mandatory Conversion Date has the meaning given in clause 13.5(c).

Related to Scheduled Mandatory Conversion Date

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

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

  • 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.

  • Mandatory Conversion Notice shall have the meaning ascribed to it in Section 4.01(b)(ii) hereof.

  • Automatic Conversion Date shall have the meaning specified in Section 15.12(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.

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

  • Change of Control Conversion Date shall have the meaning provided in the Articles Supplementary.

  • Term Loan Conversion Date means the Termination Date on which all Revolving Credit Advances outstanding on such date are converted into a term loan pursuant to Section 2.06.

  • Conversion Date shall have the meaning set forth in Section 4(a).

  • Continuation/Conversion Date means the date on which a Loan is converted into or continued as a LIBOR Rate Loan.

  • Judgment Conversion Date as defined in subsection 10.8(a).

  • Default Conversion Price shall have the meaning set forth in Section 4(b).

  • Major conversion means a conversion of an existing ship:

  • Interest Conversion Rate means the lesser of (a) the Conversion Price or (b) 90% of the lesser of (i) the average of the VWAPs for the 20 consecutive Trading Days ending on the Trading Day that is immediately prior to the applicable Interest Payment Date or (ii) the average of the VWAPs for the 20 consecutive Trading Days ending on the Trading Day that is immediately prior to the date the applicable Interest Conversion Shares are issued and delivered if such delivery is after the Interest Payment Date.

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

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

  • Interest Conversion Price means, with respect to any Interest Date, that price which shall be computed as 100.0% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the ten (10) consecutive Trading Days immediately preceding the applicable Interest Date (each, an “Interest Measuring Period”). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during such period.

  • 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.

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

  • Series A Conversion Rate means, as adjusted pursuant to Section 5.8(b)(vi)(E), the number of Common Units issuable upon the conversion of each Series A Preferred Unit, which shall be the quotient of (a) the sum of (i) the Series A Issue Price, plus (ii) any Series A Unpaid Distributions on the applicable Series A Preferred Unit, plus (iii) only for purposes of the definition of “Series A COC Conversion Rate,” any Series A Partial Period Distributions on the applicable Series A Preferred Unit, divided by (b) the Series A Issue Price.

  • 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.

  • 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.

  • Mandatory Settlement Date means the earliest of:

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

  • Scheduled Redemption Date means the first (1st) Business Day following the twenty first (21st) anniversary of the Issue Date.