Applicable Conversion Date definition
Examples of Applicable Conversion Date in a sentence
In the case of any Outstanding Obligations denominated in Pesos, the Dollar amount thereof shall be determined by reference to the Conversion Rate as of the relevant Applicable Conversion Date.
Notwithstanding anything contained herein to the contrary, no conversion under Section 18.1 or Section 18.2 shall be effective unless Ultimate Holdings has received (or is deemed to have obtained) the Requisite Shareholder Approval prior to the Applicable Conversion Date to the extent required under the rules of the Applicable Exchange with respect to a conversion of Outstanding Obligations.
Ultimate Holdings shall deliver any Conversion Payment Shares required to be delivered to a Lender under this Article XVIII no later than the second Business Day immediately following the Applicable Conversion Date.
As of the Applicable Conversion Date with respect to an Existing L/C, such Existing L/C shall be deemed converted to a Tranche B Letter of Credit that shall be deemed for purposes of this Agreement to be issued on such Applicable Conversion Date.