Series B Conversion Date definition

Series B Conversion Date means the date that is the second anniversary of the initial issuance of Series B Units pursuant to the Series B Unit Purchase Agreement.

Series B Conversion Date has the meaning assigned to such term in Section 5.10(b)(viii)(D).

Series B Conversion Date means the date on which all of the Series B Preferred Units are convertible into Common Units pursuant to the terms of the Partnership Agreement.

Examples of Series B Conversion Date in a sentence

• Upon the Series B Conversion Date, all Series B Units shall be deemed to be transferred to, and cancelled by, the Partnership in exchange for the Common Units into which the Series B Units converted.

• On the Series B Conversion Date, the Partnership shall issue to such Series B Unitholder (or designated recipient(s)) a Certificate or Certificates for the number of Series B Conversion Units to which such holder shall be entitled.

• Such conversion shall be deemed to have been effected immediately prior to the close of business on the Series B Conversion Date, and at such time the rights of the holder as holder of the converted shares of Series B Stock shall cease and the person or persons in whose name or names any certificate or certificates for shares of Common Stock shall be issuable upon such conversion shall be deemed to have become the holder or holders of record of the shares of Common Stock represented thereby.

• Such conversion shall be deemed to have been effected immediately prior to the close of business on the Series B Conversion Date, and at such time the rights of the holder as holder of the converted shares of Series B Preferred Stock shall cease and the person or persons in whose name or names any certificate or certificates for shares of Common Stock shall be issuable upon such conversion shall be deemed to have become the holder or holders of record of the shares of Common Stock represented thereby.

• No fractional shares of Common Stock or scrip representing fractional shares shall be issued upon the conversion of shares of Series B Stock, but the Corporation shall pay to the holder of such shares a cash adjustment in respect of such fractional shares in an amount equal to the same fraction of the market price per share of the Common Stock (as determined in a reasonable manner prescribed by the board of directors) at the close of business on the Series B Conversion Date.

More Definitions of Series B Conversion Date

Series B Conversion Date shall have the meaning given to such term in the ENLK Partnership Agreement.

Series B Conversion Date means either (i) the date which is 45 months after the Series B Initial Issuance Date or (ii) the date which is 60 months after the Series B Initial Issuance Date.

Series B Conversion Date means December 31, 2023 and December 31 (or, if such date is not a Business Day, the immediately following Business Day) of every fifth year thereafter;

Series B Conversion Date means each date on which the Corporation receives by telecopy written notice in accordance with Section 5(j) hereof from a holder of Series B Preferred Stock that such holder elects to convert shares of its Series B Preferred Stock, provided that if the Corporation does not receive the original certificate(s) representing the shares of Series B Preferred Stock being converted together with an originally executed copy of the notice of conversion within two (2) trading days after receipt of such telecopied notice, then the date on which the Corporation receives such original certificate(s) and notice shall be the Series B Conversion Date with respect to such conversion.

Series B Conversion Date is defined in Section 3.7.4(a).

Series B Conversion Date means the date on which all of the Purchased Units are convertible into Common Units pursuant to the terms of the Partnership Agreement.

Series B Conversion Date has the meaning assigned to such term in Paragraph 10(d) of this Supplemental Terms Annex.