Conversion Option definition

Conversion Option means the option of a Converting Lender to convert all or a portion of the Loans into an equivalent principal amount of Class A-1a Notes pursuant to Section 3.7(a) hereof and Section 2.5(n) of the Indenture.
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Conversion Option means the option granted to the Company in Section 5.01 hereof pursuant to which the interest rate on the Bonds is converted from the Floating Rate to the Fixed Rate as of the Optional Conversion Date.
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Conversion Option means an NQSO granted under Section 6(b)(v).
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Examples of Conversion Option in a sentence

  • The Conversion Option will only be deemed to be validly exercised (a Valid Exercise) in relation to any Fixed Rate and Related Information and a Conversion Period where the Calculation Agent has explicitly confirmed that to be the case to the Exercising Holder by email sent to the Exercising Holder Contact Details (regardless of whether or not such email was received) (the Confirmation).

  • This conversion is subject to all conditions specified in the Conversion Option provision of the Basic Life coverage, and any amount converted is included as part of the maximum amount available.

  • As soon as reasonably practicable upon the Valid Exercise or the Invalid Exercise (as applicable) of the Conversion Option, the Issuer shall notify (i) the Principal Paying Agent and (ii) the Noteholder pursuant to Condition 13 of the English Law Notes.

  • The Fixed Rate and Related Information set out in the Confirmation shall be the "Agreed Fixed Rate and Related Information" in respect of the Valid Exercise of the Conversion Option and the relevant Conversion Period.

  • In the case of an Invalid Exercise, the notice shall specify that the Conversion Option has not been exercised and shall set out the number of remaining opportunities to exercise the Conversion Option until the Maximum Exercise Number is reached.


More Definitions of Conversion Option

Conversion Option means the Company’s option to convert some or all of the Series C Preferred Stock into that number of shares of Common Stock that are issuable at the then-applicable conversion rate as described in Section 8(c) of these Articles Supplementary.
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Conversion Option means the Company’s option to convert some or all of the Series D Preferred Stock into that number of shares of Common Stock that are issuable at the then-applicable conversion rate as described in Section 8(c) of these Articles Supplementary.
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Conversion Option means Holder’s option to convert some or all of the Obligations into Common Stock as provided in Section 4.
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Conversion Option has the meaning set forth in Section 6(a)(i)(A).
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Conversion Option means the option granted to the Company in Section 2.07 hereof to convert from one type of Interest Period to another type of Interest Period.
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Conversion Option is the Borrower’s option to (i) cancel and convert the interest rate specified in this Note from a variable rate with no interest rate limits to the rate calculated under Section C(2) below; and (ii) terminate and cancel the Revolving Loan provisions.
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Conversion Option means the right of the Holder hereunder to convert the Accumulated Debt to Common Shares.
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