Second Conversion Date definition

Second Conversion Date. As defined in Section 4.7 of this Agreement.

Second Conversion Date means, with respect to the Second Amount, the second anniversary of the First Conversion Date and the requirements set forth in Section 5.02(A) to convert the Loan are satisfied or, in the case of any conversion pursuant to Section 5.01(D), the Maturity Date. The Conversion Date with respect to any conversion at the Borrower’s option pursuant to Section 5.01(E) is the date on which the Borrower provides the notice contemplated by Section 5.01(E).

Second Conversion Date means the first day of the month following the month during which the Venturers, other than Cogen, shall have received distributions of Available Cash from the Venture (inclusive of distributions made prior to and including the First Conversion Date) in an aggregate amount equal to the Capital Contribution made by such Venturers plus an Internal Rate of Return thereon equal to 30%.

Examples of Second Conversion Date in a sentence

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• The BE acknowledges that the Freeman Project would degrade and remove suitable owl habitat, including extensive habitat within owl home range core areas.

• Each holder of Convertible Preference Share(s) shall be entitled in the manner set out in (and subject to the provisions of) this Part 4 to convert into fully paid Ordinary Shares such of his Convertible Preference Shares as have not, as at the Conversion Notice Date, either been redeemed or been the subject of a valid Notice of Redemption given under paragraph 2.6 of Part 1, 2 or 3 (as applicable) of this Schedule 2 and specifying a date on or before the Second Conversion Date as the Redemption Date.

• Any Convertible Preference Shares which were the subject of a Conversion Notice and which could not be converted under the Relevant Shareholder Approvals in place as at the First Conversion Date and the Second Conversion Date and which are not the subject of a Withdrawal Notice shall be ''Unconverted Preference Shares''.

• Any Additional Value Shares which could not be converted as at the First Conversion Date and the Second Conversion Date shall be ''Unconverted Additional Value Shares''.

• The Conversion Price shall be equal to the product of (A) the average closing price per share of the Company's Common Stock as reported on the OTC Bulletin Board (or such other market on which such shares of Common Stock are then listed) for the thirty (30) trading days immediately preceding the date of the applicable Conversion Date; multiplied by (B) 70% on the First Conversion Date, 60% on the Second Conversion Date, 50% on the Third Conversion Date and 40% on the Fourth Conversion Date.

• Notwithstanding anything herein to the contrary, Eligible Acquired Accounts shall not include any accounts receivable acquired by the Borrower after the Second Conversion Date.

• Converting Holders may, within 60 days of the Second Conversion Date submit a written notice to the Company (the ''Withdrawal Notice'') setting out the number of Convertible Preference Shares which they wish to withdraw from the conversion procedure set out in this Part 4.

• Each Second Redemption Share not redeemed by the Corporation prior to the Second Redemption Date shall automatically be converted into shares of Common Stock on July 17, 2000 (the "Second Conversion Date" and together with the First Conversion Date, the "Conversion Date").

• The remaining 50% of the Performance Units that are earned based on performance will be converted to service-based Restricted Stock Units (“RSUs”) that will vest and be converted to actual Shares (one Share per unit) on the Second Conversion Date.

More Definitions of Second Conversion Date

Second Conversion Date means the earlier of (a) the first anniversary of the Closing Date, or if such day is not a Business Day, the immediately preceding Business Day; provided that if Borrower has timely submitted prior to the Second Conversion Date an Approval Request and the required conditions precedent set forth in this Agreement for the addition of such proposed Borrowing Base Project have been satisfied except for any consent and evaluation of the Administrative Agent and the Required Lenders, then the Second Conversion Date, to the extent it is applicable, shall be automatically extended to the date the Administrative Agent and Required Lenders formally approve or reject such proposed Borrowing Base Project, and (b) the date that the aggregate Commitments have been fully drawn.

Second Conversion Date means the third anniversary of the Closing Date.

Second Conversion Date means the date on which the interest on some or all of the Bonds converts to a Fixed Interest Rate, after having been converted to a Variable Rate.

Second Conversion Date means the date on which VDM receives or is deemed to receive a conversion notice from Kengkong in respect to the Second Conversion;

Second Conversion Date means five dealing days after the earlier of the publication of the Company's preliminary financial results for the financial year ended 31 March 2014 and 31 May 2014; and

Second Conversion Date means, with respect to the Second Amount, the second anniversary of the First Conversion Date and the requirements set forth in Section 5.02(A) to convert the Loan are satisfied or, in the case of any conversion pursuant to Section 5.01(D), the Maturity Date. The Conversion Date with respect to any conversion at the Borrower’s option pursuant to ‎Section 5.01(E) is the date on which the Borrower provides the notice contemplated by ‎Section 5.01(E).