Change of Control Conversion Amount definition
Examples of Change of Control Conversion Amount in a sentence
If the Holder timely delivers a Change of Control Election, the Change of Control Conversion Amount shall automatically convert immediately prior to the Change of Control Effective Date into an amount of Conversion Shares equal to 1.15 times the result of (x) the Change of Control Conversion Amount divided by (y) the Conversion Price in effect on the last Trading Day immediately preceding the Change of Control Election Deadline.
For the avoidance of doubt, the Holder may demand that none or any amount up to all of the Maximum Change of Control Conversion Amount portion of the Change of Control Redemption Price be paid in Common Stock and that the remainder portion of the Change of Control Redemption Price be paid in cash.
For the avoidance of doubt, the Holder may demand that up to the Maximum Change of Control Conversion Amount portion of the Change of Control Redemption Price be paid in Common Stock and that the remainder portion of the Change of Control Redemption Price be paid in cash, but the Holder shall otherwise have no right to demand or receive the Change of Control Redemption Price in both cash and Common Stock.
Notwithstanding anything to the contrary in this Section 5, but subject to Section 3(d), until the Change of Control Redemption Price (together with any Late Charges thereon) is paid in full, the Change of Control Conversion Amount submitted for redemption under this Section 5(a) (together with any Late Charges thereon) may be converted, in whole or in part, by the Holder into Ordinary Shares pursuant to Section 3.
Notwithstanding anything to the contrary in this Section 5.8(b)(vi), but subject to Section 5.8(b)(iv), until the Partnership delivers Common Units representing the applicable Change of Control Conversion Amount to such Series A Preferred Holder, such Change of Control Conversion Amount may be converted by such Series A Preferred Holder into Common Units pursuant to Section 5.8(b)(iii) without regard to this Section 5.8(b)(vi).