Examples of Voluntary Conversion Notice in a sentence
The Company shall not convert any Series B Preferred Stock pursuant to a Mandatory Conversion Notice until it shall have converted all Series B Preferred Stock pursuant to any Voluntary Conversion Notice.
The Voluntary Conversion Notice shall specify (i) the number of shares of Convertible Preferred Stock held by such holder, (ii) the name or names in which such holder wishes the certificate or certificates for Common Stock and Redeemable Preferred Stock to be issued upon such conversion and (iii) the address to which such holder wishes delivery to be made of such new certificates to be issued upon such conversion.
In the case of a dispute as to the arithmetic calculation of the number of Conversion Shares to be issued upon conversion in accordance with this Section 4, the Company shall cause its Transfer Agent to promptly issue to the holder the number of Conversion Shares that is not disputed and shall submit the arithmetic calculations to the holder via e-mail as soon as possible, but in no event later than two (2) business days after receipt of such holder's Voluntary Conversion Notice.
The conversion of the principal balance shall be deemed to have been made on the date that Borrower receives the Voluntary Conversion Notice (the "CONVERSION DATE") and Lender shall be treated for all purposes as the record holder of the Voluntary Conversion Units as of such date.
The conversion of the outstanding principal hereunder shall be deemed to have been made on the date that Borrower receives the Voluntary Conversion Notice (the "Conversion Date") and Lender shall be treated for all purposes as the record holder of the Voluntary Conversion Shares as of such date to the extent permitted under applicable law.
Subject to Article 6.8 ( Exceptional Voluntary Conversion of A Ordinary Shares) below, the voluntary conversion date (the “Voluntary Conversion Date”) shall be the date falling five (5) Business Days following the date that a Voluntary Conversion Notice is delivered to the Company in accordance with Article 6.7(a) (Voluntary Conversion of the A Ordinary Shares) and Article 6.7(b) (Voluntary Conversion of the A Ordinary Shares).
The conversion of the principal balance and accrued interest pursuant to Section 3(c) shall be deemed to have been made on the date that Payor actually receives the Voluntary Conversion Notice and Holder shall be treated for all purposes as the record holder of the Conversion Shares as of such date.
The Voluntary Conversion Notice shall specify (x) the number of shares of Convertible Preferred Stock held by such holder and the number of such shares to be converted, (y) the name or names in which such holder wishes the certificate or certificates for the Common Shares and Redeemable Preferred Stock to be issued upon such conversion and (z) the address to which such holder wishes delivery to be made of such new certificates to be issued upon such conversion.
The holder of any shares of the Series A Preferred Stock may exercise the conversion right specified in Section 5(a) by surrendering or causing to be surrendered to the Corporation or any transfer agent of the Corporation the certificate or certificates representing the shares of the Series A Preferred Stock to be converted, accompanied by written notice (the "Voluntary Conversion Notice") specifying the number of such shares to be converted.
The number of Common Shares to be issued on a Series B Voluntary Conversion shall be determined by applying the Series B Voluntary Conversion Rate in effect at the relevant Series B Voluntary Conversion Date to the number of Series B Preferred Shares to be converted (as stipulated in the Series B Voluntary Conversion Notice).