Series C Conversion Date definition

Series C Conversion Date has the meaning assigned to such term in Section 5.14(b)(viii)(D).

Series C Conversion Date means, as the case may be, (a) with respect to any shares of Series C Convertible Preferred Stock voluntarily converted into Common Stock pursuant to Section 7.5.1, the date on which the Company receives a Conversion Notice relating to such shares, together with the certificate or certificates representing such shares, or (b) with respect to all shares of Series C Convertible Preferred Stock automatically converted into Common Stock pursuant to Section 7.5.2, the date of the Conversion Event.

Series C Conversion Date means the consummation date of an IPO that is not a Qualified IPO.

Examples of Series C Conversion Date in a sentence

• On the Series C Conversion Date, the Partnership shall issue to such Series C Unitholder (or designated recipient(s)) a Certificate or Certificates for the number of Series C 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 C Conversion Date, and at such time the rights of the holder as holder of the converted shares of Series C 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.

• Subject to the terms and conditions of this Section 6.5(d)(i), each holder of outstanding Series C Preferred Shares shall be entitled to receive either (but not both) (x) dividends pursuant to Section 6.5(d)(i)(A) (“Series C Participation Dividends”); or (y) if determined prior to the Series C Conversion Date pursuant to Section 4.9 of the Pre-IPO Shareholders Agreement, dividends pursuant to Section 6.5(d)(i)(B) (“Series C Fixed Dividends” and, either (x) or (y), as applicable, the “Applicable Dividend”).

• If the Trust issues any securities on or after the Series C Conversion Date containing provisions protecting the holders thereto against dilution in any manner more favorable to such holders thereof than those set forth in this Section 6.5, such more favorable portions thereof shall be deemed to be incorporated herein as if fully set forth in this Section 6.5, and to the extent inconsistent with any provisions of this Section 6.5, shall be deemed to be substituted therefor.

• No fractional shares of Common Stock or scrip representing fractional shares shall be issued upon the conversion of shares of Series C 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 C Conversion Date.

More Definitions of Series C Conversion Date

Series C Conversion Date means: (i) the date when such written notice required by Section 4.6 is received by the Company, together with the certificate or certificates representing the shares of Series C Stock being converted, or (ii) the date on which any event occurs causing an automatic conversion of the shares of Series C Stock pursuant to Section 4.1(b).

Series C Conversion Date means September 30, 2017, and September 30 in every fifth year thereafter. “Series D Conversion Date” means September 30, 2022, and September 30 in every fifth year thereafter.

Series C Conversion Date has the meaning set forth in Section 18.06(a). “Series C Corporation Preferred Shares” means the Series C cumulative convertible preferred stock of the Corporation, par value $0.00001 per share. “Series C Distributions” has the meaning set forth in Section 18.03(a). “Series C Distribution Payment Date” means June 30 and December 31 of each year (except that if such date is not a Trading Day, the payment date shall be the next succeeding Trading Day). “Series C Distribution Rate” has the meaning set forth in Section 18.03(a). “Series C Event Effective Date” has the meaning set forth in Section 18.07(b). “Series C Ex-Distribution Date” means, with respect to an issuance distribution on the Class A Common Units, the first date on which shares of Class A Common Stock trade on the applicable Trading Market, regular way, without the right to receive such issuance, dividend or distribution (including pursuant to due bills or similar arrangements required by the relevant stock exchange). “Series C Expiration Date” has the meaning set forth in Section 18.07(a)(iv). “Series C Holder” means a Person in whose name the Series C Preferred Mirror Units are registered, which Person shall be treated by the Company as the absolute owner of the Series C Preferred Mirror Units for the purpose of making payment and settling conversions and for all other purposes; provided, that, to the fullest extent permitted by law, no Person that has received by transfer Series C Preferred Mirror Units in violation of this Agreement or any other agreement to which the Company is a party and by which the Series C Holder is bound, shall be a Series C Holder, and the Company shall not recognize any such Person as a Series C Holder, and the Person in whose name the Series C Preferred Mirror Units were registered immediately prior to such transfer shall remain the Series C Holder of such units.

Series C Conversion Date is defined in Section 2.2(b). “Series B Warrants” and “Series B Warrant” are defined in Section 6.1(a).

Series C Conversion Date means June 30, 2017, and June 30, in every fifth year thereafter. "Series D Conversion Date" means June 30, 2022, and June 30, in every fifth year thereafter.

Series C Conversion Date means March 31, 2019, and March 31 in every fifth year thereafter. "Series D Conversion Date" means March 31, 2024, and March 31 in every fifth year thereafter.

Series C Conversion Date with respect to any Series C Preferred Unit converted will be the date on which: