Examples of Series B Conversion Notice in a sentence
Promptly (but in no event more than two (2) business days) following its receipt of the Series B Conversion Notice, the Corporation shall forward a copy of the Series B Conversion Notice to each holder of Series B Preferred who or which has not consented to the exercise of the Series B Conversion Right by the Series B Conversion Notice, at such holder's address as set forth in the records of the Corporation.
The Series B Conversion Notice shall be sent by the Corporation no more than seven (7) and no less than three (3) days prior to the Series B Conversion Date.
The Series B Conversion Notice shall also set out the number of Series B CCPS proposed to be converted and the Equity Shares to be allotted upon conversion of the Series B CCPS which shall be determined in accordance with the ratio determined in accordance with Paragraph 3 of this Schedule 4.
In order to exercise the Series B Conversion Right pursuant to Section 3(b), the Series B Consenting Holders shall collectively provide written notice (the "Series B Conversion Notice") to the Corporation at its principal place of business, setting forth (i) such holders' intent to exercise the Series B Conversion Right, and (ii) the proposed date for such exercise (the "Series B Conversion Date").
In order to exercise the Series B Conversion Right pursuant to Section A.3(b), the Series B Consenting Holders shall collectively provide written notice (the "Series B Conversion Notice") to the Corporation at its principal place of business, setting forth (i) such holders' intent to exercise the Series B Conversion Right, and (ii) the proposed date for such exercise (the "Series B Conversion Date").
Upon the submission to GreenShift by the Employee of a completed written notice of conversion (each a "Series B Conversion Notice"), a copy of which Series B Conversion Notice is attached hereto as Exhibit A, GreenShift shall, within no more than FIVE (5) days following the submission of each such Series B Conversion Notice, issue to Employee the relevant number of GreenShift common shares (which shares shall be either registered or issued pursuant to an applicable exemption from registration).
The Corporation shall immediately send via facsimile or other electronic transmission to the holder, upon receipt of a copy of a Series B Conversion Notice from the holder which cannot be fully satisfied as described in Section 5(d) above, a notice of the Corporation’s inability to fully satisfy the Series B Conversion Notice (the “Inability to Fully Convert Notice”).
Notwithstanding anything to the contrary contained herein, the holder shall be entitled to withdraw a Series B Conversion Notice, and upon such withdrawal the Corporation shall only be obligated to pay the liquidated damages accrued in accordance with this Section 5(b) through the date the Series B Conversion Notice is withdrawn.
Within ten (10) days of the Corporation’s receipt of the Series B Conversion Notice, the Corporation shall be required to provide the respective Series B Preferred Stock holder with written notice setting forth the applicable Series B Conversion Price calculated as of the Series B Conversion Date, including back up calculations therefor, and the number of shares of Common Stock into which the shares of Series B Preferred Stock are being converted.
Such Inability to Fully Convert Notice shall indicate (x) the reason why the Corporation is unable to fully satisfy such holder’s Series B Conversion Notice and (y) the aggregate Stated Value of Series B Preferred Stock the for which conversion has been requested and which cannot be converted.