Trust Conversion definition

Trust Conversion means the plan of arrangement pursuant to Section 193 of the ABCA, which closed on July 9, 2009 and pursuant to which, among other things, the Trust was dissolved and the Corporation became the resulting entity;
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Trust Conversion shall have the meaning ascribed thereto in the Existing Credit Agreement.
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Trust Conversion means a merger, reorganization, conversion, sale, acquisition or other transaction undertaken by the Fund having regard to the potential application of the SIFT Rules.
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Examples of Trust Conversion in a sentence

  • Trust Conversion Profit means 65% of the net profits arising from a Conversion, calculated as if the Property were acquired at its Fair Market Value as at the commencement of its Conversion.

  • To calculate our consumption and GHG emissions, we have followed the GHG Reporting Protocol – Corporate Standard and have used the 2020 UK Government's Conversion Factors for Company Reporting and the Carbon’s Trust Conversion Factors to calculate litres of gas oil and burning oil into kWh. GHG protocol scopeDefinitionScope 1 (Direct) GHG emissionsThese include emissions from activities owned or controlled by your organisation that release emissions into the atmosphere.

  • Trust Conversion Profit means 65% of the net profits arising from a Conversion, calculated as if the Property were acquired at its Fair Market Value as at the commencement of its Conversion.Trust Declaration means the Declaration of Trust dated January 24, 2012 and as amended March 25, 2013, January 1, 2015 and April 9, 2015 and as amended and restated September 1, 2016 in respect of the Trust, as may be amended, restated modified or supplemented from time to time.

  • General Development of the Business Trust Conversion Westfield Properties Ltd., the predecessor to Artis, was incorporated on December 18, 2003.

  • Item D-4 – Orlando Community & Youth Trust Conversion of Tennis Court to Hard Court Soccer PitchAlso on today’s agenda is a grant from the US Soccer Federation to convert an underutilized tennis court into a hard court pitch at the Jackson Community Center in District 5.

  • Prior to the Trust Conversion, the price ranges and volumes represent such information for the Common Shares.

  • WCF resources were used to buy 342,000 mt of food, compared with the planned 21,000 mt, on the basis of expected cash contributions.

  • Effective September 1, 2020, the Trust issued 35,583,883 Trust Units pursuant to the Trust Conversion in connection with the acquisition by the Trust of all 35,583,883 Common Shares then issued and outstanding.

  • Washington moved to approve Wenner Trust Conversion, seconded by Garver.

  • In connection with the Trust Conversion, all 379,828 RTUs and 1,433,866 Options then outstanding (as obligations by the Company) were exchanged with the Trust for equivalent securities of the Trust.

Related to Trust Conversion

  • Interest Conversion Shares shall have the meaning set forth in Section 2(a).

  • Mandatory Conversion shall have the meaning set forth in Section 6.

  • Interest Conversion Price means, with respect to any Interest Date, that price which shall be computed as 100.0% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the ten (10) consecutive Trading Days immediately preceding the applicable Interest Date (each, an “Interest Measuring Period”). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during such period.

  • Certificate of Conversion means the certificate of conversion converting the Company’s prior partnership into the Company filed with the office of the Secretary of State of the State of Delaware on March 2, 2000.

  • Automatic Conversion means the irrevocable and automatic release of all of the Company’s obligations under the Securities (other than the CSO Obligations, if any) in consideration of the Company’s issuance of the Conversion Shares at the Conversion Price to the Conversion Shares Depository (on behalf of the Holders and Beneficial Owners of the Securities) or to the relevant recipient of such Conversion Shares, all in accordance with the terms of the Securities.

  • Interest Conversion Rate means the lesser of (a) the Conversion Price or (b) 85% of the lesser of (i) the average of the VWAPs for the 10 consecutive Trading Days ending on the Trading Day that is immediately prior to the applicable Interest Payment Date or (ii) the average of the VWAPs for the 10 consecutive Trading Days ending on the Trading Day that is immediately prior to the date the applicable Interest Conversion Shares are issued and delivered if after the Interest Payment Date.

  • Place of Conversion has the meaning specified in Section 3.1.

  • Date of Conversion Conversion Price:_______________________________________________________________ Shares To Be Delivered:_________________________________________________________ Signature:______________________________________________________________________ Print Name:_____________________________________________________________________ Address:________________________________________________________________________

  • Plan of Conversion has the meaning given such term in Section 14.1.

  • Mandatory Conversion Date has the meaning set forth in Section 7(a).

  • Conversion Plan shall have the meaning given to such term in Section 2.05 of this Agreement.

  • Optional Conversion means the conversion of any Convertible Preferred Stock other than a Mandatory Conversion.

  • Base Conversion Price shall have the meaning set forth in Section 5(b).

  • New Conversion Price means the amount determined in accordance with the following formula, which shall apply from the QTE Effective Date: NCP = ECP * (VWAPAES / VWAPOS) where:

  • Conversion and “Converted” each refers to a conversion of Advances of one Type into Advances of the other Type pursuant to Section 2.08 or 2.09.

  • Default Conversion Price shall have the meaning set forth in Section 4(b).

  • Judgment Conversion Date as defined in subsection 10.8(a).

  • Continuation/Conversion Date means the date on which a Loan is converted into or continued as a LIBOR Rate Loan.

  • Initial Conversion Price has the meaning specified in Section 13.01.

  • Series B Conversion Price means, as of the applicable Conversion Date, the greater of (A) the average of the Market Values of the Common Stock for the five consecutive Trading Days preceeding (but not including) such Conversion Date, or (B) the then effective Series B Minimum Conversion Price.

  • Final Conversion Date means 5:00 p.m. in New York City, New York on the earlier to occur following the IPO of (i) the first Trading Day falling on or after the date on which the outstanding shares of Class B Common Stock represent less than ten percent (10%) of the aggregate number of shares of the then outstanding Class A Common Stock and Class B Common Stock, (ii) the tenth (10th) anniversary of the IPO or (iii) the date specified by affirmative vote of the holders of a majority of the outstanding shares of Class B Common Stock, voting as a single class.

  • Conversion Securities has the meaning set forth in Section 4.08(b).

  • Series A Conversion Price shall initially be equal to $0.71. Such initial Series A Conversion Price, and the rate at which shares of Series A Preferred Stock may be converted into shares of Common Stock, shall be subject to adjustment as provided below.

  • Series A Conversion Rate means, as adjusted pursuant to Section 5.8(b)(vi)(E), the number of Common Units issuable upon the conversion of each Series A Preferred Unit, which shall be the quotient of (a) the sum of (i) the Series A Issue Price, plus (ii) any Series A Unpaid Distributions on the applicable Series A Preferred Unit, plus (iii) only for purposes of the definition of “Series A COC Conversion Rate,” any Series A Partial Period Distributions on the applicable Series A Preferred Unit, divided by (b) the Series A Issue Price.

  • Mandatory Conversion Notice has the meaning set forth in Section 4.7.C hereof.

  • Conversion condominium means a condominium containing structures which before the recording of the declaration, were wholly or partially occupied by persons other than those who have contracted for the purchase of condominium units and those who occupy with the consent of such purchasers.