Series D Conversion Notice definition
Examples of Series D Conversion Notice in a sentence
If a Series D Conversion Notice is delivered by a Series D Unitholder to the Partnership, in accordance with Section 5.15(b)(viii)(B), the Partnership shall issue the Series D Conversion Units no later than seven (7) days after a Series D Conversion Notice Date (any date of issuance of such Common Units, a “Series D Conversion Date”).
For the avoidance of doubt, if a Series D Conversion Notice Date occurs prior to the close of business on a Record Date for payment of a distribution on the Common Units, the applicable holder of Series D Preferred Units shall receive only the Common Unit distribution with respect to such period.
The date any Series D Conversion Notice is received by the Partnership shall be hereinafter referred to as a “Series D Trigger Event Conversion Notice Date”).
At closing, Holder shall deliver the Series C Conversion Notice and the Series D Conversion Notice to the Company and the Company shall deliver to such Holder a certificate in the name of the Holder evidencing that number of Conversion Shares such that the Holder will not hold in excess of 9.99% of the issued and outstanding Common Stock of the Company (such number of shares, the “Threshold Shares”).
Upon the submission to GreenShift by Viridis of a completed written notice of conversion (each a "Series D Conversion Notice"), a copy of which Series D Conversion Notice is attached hereto as Exhibit A, GreenShift shall, within no more than FIVE (5) days following the submission of each such Series D Conversion Notice, issue to Viridis the relevant number of GreenShift common shares (which shares shall be either registered or issued pursuant to an applicable exemption from registration).