Class A Conversion Notice definition
Examples of Class A Conversion Notice in a sentence
In lieu of issuing any such fractional Common Units, the Partnership shall round the number of Common Units – Class A issued to each Class A Converting Unitholder down to the nearest whole number of Common Units – Class A and pay cash in lieu of any such fractional Unit (with the amount of such cash payment being based on the Closing Price of the Common Units – Class A on the Trading Day immediately preceding the Class A Conversion Notice Date or the Class A Forced Conversion Notice Date, as applicable).
If a Class A Conversion Notice is delivered by a Class A Preferred Unitholder to the Partnership or a Class A Forced Conversion Notice is delivered by the Partnership to a Class A Preferred Unitholder, each in accordance with Section 5.12(b)(iv)(D), the Partnership shall issue the applicable Class A Conversion Units no later than three (3) Business Days after the Class A Conversion Notice Date or the Class A Forced Conversion Notice Date, as the case may be, occurs.
Within two business days following the Company's receipt of notice from Class A Holders of a Class A Conversion, the Company shall provide written notice to each holder of this Warrant (a "Class A Conversion Notice") of such Class A Conversion, including (i) the names of the Class A Holders making the Class A Conversion and (ii) the number of shares of Class A Preferred Stock being converted by each such Class A Holder.
Upon receipt of a Class A Conversion Notice, a holder of this Warrant shall be entitled to exercise this Warrant with respect to such Class A Conversion for a period of ten (10) days following such receipt.