Voluntary Conversion definition

Voluntary Conversion means the conversion based on the election of the Participant of all or part of a Participant's Director Fees otherwise payable to the Participant in cash into a Share Unit Award pursuant to Section 6 hereof.

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 14.15(a).

Examples of Voluntary Conversion in a sentence

• In order to achieve the conversion of Preference Shares into Ordinary Shares in accordance with Sections 8.1 and 8.2, each Shareholder hereby undertakes to the other Shareholders to approve the necessary shareholder resolution(s) to effect the above conversion as soon as reasonably practicable after Notice of Voluntary Conversion and/or Notice of Mandatory Con- version has been given in accordance with this Section 8.

• All preferential rights accrued to the holder of Preference Shares under Section 7 and prior to the date of such Notice of Voluntary Conversion shall cease and terminate automatically upon receipt by the other Shareholders of such Notice of Voluntary Conversion and such holder of Preference Shares shall, with regard to such converted shares, have the same rights and obligations under this Agreement as the other Ordinary Shareholders.

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

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

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

Voluntary Conversion is defined in Section 1.2.

Voluntary Conversion has the meaning given to such term in the First Out Waterfall Notes.