Conversion Notices Sample Clauses
The Conversion Notices clause outlines the process by which a party formally notifies the other of its intention to convert a security or instrument, such as a convertible note, into equity or another form of security. Typically, this clause specifies the required format, timing, and method for delivering such notice, and may detail any information or documentation that must accompany the notice. Its core practical function is to ensure a clear, standardized procedure for initiating conversions, thereby reducing misunderstandings and disputes between parties.
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Conversion Notices. Promptly upon request from time to time, the Issuer will provide the Conversion Agents with copies of the form of Conversion Notice for the time being current.
Conversion Notices. (a) In the event that a Conversion Notice is served on the Manager pursuant to Clause 20.5, the Prescribed Equity of the defaulting Joint Venturer ("the Reducing Party") shall be reduced and of the Electing Party shall be correspondingly increased in accordance with the following formula : CPE = DP/V x 100 where CPE is the change in Prescribed Equities of the Reducing Party and the Electing Party; DP is the amount of the Default Payment (as defined in Clause 20.5) as at the date the change in Prescribed Equity takes effect; and is the fair value of the entire Joint Venture determined and certified by the Auditor (who shall be engaged by the Manager for this purpose), acting as expert and not as an arbitrator, as what in its opinion is the fair value of the entire Joint Venture on a going concern basis assuming a willing (but not anxious) vendor and a willing (but not anxious) purchaser contracting at arm's length.
(b) For the sake of clarity, the Joint Venturers agree that in the event that an Electing Party's Prescribed Equity is to be increased in accordance with this clause, its new Prescribed Equity shall be equal to its Prescribed Equity prior to such increase plus CPE.
Conversion Notices. A Noteholder may exercise its Conversion Rights at any time during the term of the relevant Note (the "Exercise Period") by serving a Conversion Notice to the Issuer whereupon the Issuer shall procure the issue or transfer and delivery to, or as directed by, that Noteholder of Issuer Shares credited as fully paid in accordance with Condition 8(i) (
Conversion Notices. Conversion notices in the form attached hereto as Exhibit A (each, a “Holder Conversion Notice”) may be effectively delivered to Company by any method set forth in the “Notices” section of the Purchase Agreement, and all Holder Conversions shall be cashless and not require further payment from Holder. Company shall deliver the Conversion Shares from any Holder Conversion to Holder in accordance with Section 10 below.
Conversion Notices. The Lender may exercise its Conversion Right at any time between the date of this Agreement and the date that all amounts outstanding under the Finance Documents have been repaid in full (the "Exercise Period") by serving a Conversion Notice to the Borrower. The Conversion Notice, once delivered, shall be irrevocable. If the Conversion Notice is delivered after the end of normal business hours or on a day which is not a Business Day, such delivery shall be deemed for all purposes of this Agreement to have been made on the following Business Day.
Conversion Notices. As soon as reasonably practicable following receipt of a request from time to time, the Issuer will provide the Paying, Transfer and Conversion Agents, the Registrar and the holders of the Bonds with copies of the form of Conversion Notice for the time being current (which initially shall be in the form appearing in Schedule 5).
Conversion Notices. (a) Immediately upon Jupiters releasing to ASX the independent expert's report included in the Scheme Booklet in relation to the Ordinary Scheme, Jupiters will dispatch to the RPS Holders the notice referred to in clause 4.2(a) of the RPS Terms.
(b) Jupiters must notify TABCORP on each occasion on which it receives a request for conversion from an RPS Holder under clause 4.2 (arising as a result of the release by Jupiters to ASX of the independent expert's report included in the Scheme Booklet in relation to the Ordinary Scheme) or 4.3 of the RPS Terms and no later than one Business Day after it receives the request, specifying the number of RPS to which the request for conversion relates and the provision of the RPS Terms pursuant to which the request has been made.
Conversion Notices. The Company will honor all conversion notices delivered pursuant to the terms of the Series C Preferred Stock.
Conversion Notices. The Company shall have received irrevocable conversion notices for 35% of all outstanding Series B Preferred Stock, including as to accumulated dividends thereunder, pursuant to the Preferred Stock Agreements;