Conversion Share Delivery Date definition
Examples of Conversion Share Delivery Date in a sentence
If the Company fails to cause the Transfer Agent to transmit to the Holder the Conversion Shares pursuant to Section 4(c)(i) by the Conversion Share Delivery Date, then the Holder will have the right to rescind such conversion.
If the Company is able to deliver Conversion Shares through DWAC Delivery but fails to deliver such Conversion Shares by the Conversion Share Delivery Date, the Company shall pay to Holder, in cash as liquidated damages and not as a penalty, $20 per Trading Day for each $1,000 of Conversion Shares subject to such delay.
Notwithstanding the foregoing or anything to the contrary contained herein, if any principal amount of a Note is converted into Conversion Shares or, in the case of a Series B Note, a Cash Settlement Amount, as applicable, all accrued but unpaid interest on such principal amount shall be payable, in cash, on the Conversion Share Delivery Date applicable to such conversion.
On the Conversion Share Delivery Date or the date of payment of the Cash Settlement Amount, as applicable, the Company shall deliver a statement to the converting Holder, the Trustee and the Conversion Agent stating in reasonable detail a calculation of the amounts payable in connection with such conversion, and shall include a written authorization for the Trustee to approve the cancellation or reduction of Physical Notes or DWAC withdrawal of interests in the Global Notes, as applicable.
If the Company fails to cause the Transfer Agent to transmit to the Holder the Phase I Units pursuant to Section 4(c)(i) by the Conversion Share Delivery Date, then the Holder will have the right to rescind such conversion.
In addition to any other remedies of the Holder hereunder, in connection with any Notice of Conversion, if the Company does not deliver the applicable Conversion Shares by the applicable Conversion Share Delivery Date, the Holder may, at its option, in connection with any conversion of this Debenture pursuant to Section 4(b), apply any Available Advance Shares to the satisfaction of the Company’s obligation to deliver the applicable Conversion Shares on the applicable Conversion Share Delivery Date.
If the Company fails to cause the Transfer Agent to transmit to the Holder the Conversion Shares pursuant to Section 5(c)(i) by the Conversion Share Delivery Date, then the Holder will have the right to rescind such conversion.
In addition to any other remedies of the Holder hereunder, in connection with any Notice of Conversion, if the Company does not deliver the applicable Conversion Shares by the applicable Conversion Share Delivery Date, the Holder may, at its option, in connection with any conversion of this Note pursuant to Section 4(b), apply any Available Advance Shares to the satisfaction of the Company’s obligation to deliver the applicable Conversion Shares on the applicable Conversion Share Delivery Date.