Voluntary Conversion definition

Voluntary Conversion means the conversion based on the election of the Participant of all or part of a Participant’s Director’s Fees otherwise payable to the Participant in cash into a Stock Unit Award pursuant to Section 4 hereof.

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Voluntary Conversion means a Wheelchair Accessible taxicab, for-hire vehicle, or transportation network company (TNC)-endorsed vehicle that is not required to be Wheelchair Accessible as a condition of the vehicle’s medallion or endorsement, but whose owner voluntarily chooses to be Wheelchair Accessible. Voluntary Conversions must be inspected and approved by the Director before transporting passengers in wheelchairs, and must comply with all eligibility requirements established in Sections III.A.1 and III.A.2 of this Rule.

Voluntary Conversion has the meaning specified in Section 13.15(a).

Examples of Voluntary Conversion in a sentence

• Such right of Voluntary Conversion shall be effected by the surrender of this Note to the Company for conversion at any time during normal business hours at the office of the Company, accompanied (i) by the Conversion Notice, (ii) if so required by the Company, by instruments of transfer, in a form satisfactory to the Company, duly executed by the registered holder or by his duly authorized attorney and (iii) transfer tax stamps or funds therefore, if required pursuant to Section 4(f) herein.

• The Company covenants and agrees that it will honor all Voluntary Conversion Notices tendered from the time of delivery of the Optional Redemption Notice through the date all amounts owing thereon are due and paid in full.

• As soon as practicable after the Voluntary Conversion Date, the Company shall deliver to, or as directed by, the Holder, certificates representing the number of shares of Common Stock issuable by reason of such conversion registered in such name or names and such denomination or denominations as the Holder shall have specified, together with cash as provided in Section 11 in respect of any fraction of a share of such stock otherwise issuable upon such conversion.

• The parties have executed this Voluntary Conversion Agreement as of the date first above written.

• Such conversion shall be deemed to have been made immediately prior to the close of business on the Forced Conversion Date or the Voluntary Conversion Date.

More Definitions of Voluntary Conversion

Voluntary Conversion means a conversion pursuant to Condition 4(c).

Voluntary Conversion means a conversion of Class A Shares into Class P Shares pursuant to Section D.2(a) of this Article Fourth prior to the Mandatory Conversion Date.

Voluntary Conversion is defined in Section 1.2.

Voluntary Conversion has the meaning set forth in Section 5(b)(i).

Voluntary Conversion means a Wheelchair Accessible taxicab, for-hire vehicle, or transportation network company (TNC)-endorsed vehicle that is not required to be

Voluntary Conversion. The Investor shall have the right to convert the Convertible Note into common stock of the Company (the “Common Stock”) at US$1.80 per share; provided, however, the Investor shall have the right to convert the Convertible Note into Common Stock of the Company at US$1.50 per share on or after September 15, 2024 (the “Conversion Price”). All such Conversion Price determinations are to be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or similar transaction that proportionately decreases or increases the Common Stock.

Voluntary Conversion shall have the meaning set forth in Section 3.1(a).