Conversion Trigger Date definition

Conversion Trigger Date means the date on which seventy percent (70%) of the Project’s apartments have been leased.

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Conversion Trigger Date means the earlier of (a) the date on which the Authorized Share Effective Date has occurred and (b) October 11, 2023.

Conversion Trigger Date means any date on which the Closing Price per share of Common Stock for at least 20 consecutive Trading Days immediately preceding such date, including the last Trading Day of such period, exceeds $4.00 per share (as adjusted for any split, subdivision, combination, consolidation, recapitalization or similar event with respect to the Common Stock).

Examples of Conversion Trigger Date in a sentence

Lender and Borrower agree that, on and following the Conversion Trigger Date, Lender has the right to convert all or any portion of the Obligations (i.e., principal amount of all Credit Extensions and accrued and unpaid interest thereon under this Agreement) into shares of Series A Preferred Stock of RMG Networks Holdings Corporation (“Series A Preferred Stock”) on the terms set forth in the Certificate of Designation set forth as Exhibit B hereto.
The holders of Class A Preferred Units will be deemed a Class B Common Unit holder of record as of Mandatory Conversion Trigger Date.
For a period of ten (10) business days after the Conversion Trigger Date, the Company shall have the right to deliver to any or all of the holders of Series B Preferred Stock a Notice of Conversion, which states that the Company has elected to exercise its right to demand conversion of the number of shares of Series B Preferred Stock into Common Stock as set forth in such Notice of Conversion.
Class B Units are subject to Mandatory Exchange, in the following circumstances: (i) at the discretion of the Manager with the consent of Members whose Class B Units represent fifty percent (50%) of the Class B Units of all Members in the aggregate; or (ii) automatically, without the consent of any Members of the Company, upon the one-year anniversary of the Mandatory Conversion Trigger Date.
The Company will provide notice to holders of Class A Preferred Units within five days of the occurrence of the Mandatory Conversion Trigger Date (provided, however that failure of the Company to timely give such notice does not void the mandatory conversion).

More Definitions of Conversion Trigger Date

Conversion Trigger Date means the day that is the six (6) month anniversary of the Issuance Date.

Conversion Trigger Date means any date after August 23, 2005 as to which the Closing Price per share of Common Stock for at least 20 consecutive Trading Days immediately preceding such date, including the last Trading Day of such period, is greater than or equal to $5.00 per share (as adjusted for any split, subdivision, combination, consolidation, recapitalization or similar event with respect to the Common Stock).

Conversion Trigger Date means: (A) the final day of the last expiring Targeted Disposal Period (as such period may have been extended by the Majority Certificateholders), if on such date the Property Value Threshold is greater than 10%; or (B) the 6-month anniversary of the final day of the Targeted Disposal Period (as such period may have been extended by the Majority Certificateholders), if clause (A) does not apply. “Property Value Threshold” means (1) the value of Properties still owned, directly or indirectly, by the Trust based on their most recently-delivered quarterly BOVs (it being understood that any Trust Assets other than Properties, such as cash and other assets, shall not be included in such calculation), net of (2) any liabilities of the Trust as of such date; each as estimated in good faith by the Manager, divided by the value of all Properties initially transferred to the Trust (based on their initial quarterly BOVs).

Conversion Trigger Date means the earlier of (a) 150 days following the execution of the Merger Agreement or (b) the termination of the Merger Agreement pursuant to Sections 8.01(d) (failure to receive shareholder vote upon a final vote) or 8.01(e) (Company breach) thereof; provided that if the Borrower terminated the Merger Agreement under Section 8.01(h) of the Merger Agreement within the period referenced in clause (a) in order to enter into a definitive agreement with respect to a Superior Proposal (as defined in the Merger Agreement), the Conversion Trigger Date shall be the later of (1) 150 days following the execution of the Merger Agreement or (2) 100 days following the execution of such definitive agreement with respect to a Superior Proposal. Notwithstanding anything to the contrary, Lender shall have no right to convert the Obligations into any shares of Series A Preferred Stock if (a) the Penalty Loan Conditions are satisfied, (b) the Borrower shall have consummated prior to the Conversion Trigger Date an Unaffiliated Exit Event (as defined in Exhibit B hereof) pursuant to an acquisition agreement with a Person other than the Lender or its Affiliates and in which the public common stockholders of RMG Networks Holdings Corporation receive a fixed price in such transaction in excess of $1.27 per share of common stock or (c) Lender fails to escrow funds with (or provide a letter of credit to) the Escrow Agent in amount of $1,000,000 as required pursuant to Section 2.2(b) and Lender has not cured or rectified such failure (other than failing to perform by the initial required date) prior to the termination of the Merger Agreement.

Conversion Trigger Date means the earlier of the day that (i) is sixty (60) days from the execution of the Purchase Agreement or (ii) the Registration Statement is declared effective by the SEC; provided, that if the Maker enters into an underwriting agreement in connection with a Qualifying Offering within forty-five (45) days of the Issuance Date, the Conversion Trigger Date shall be no earlier than the sixty-first (61st) day after such agreement’s execution.

Conversion Trigger Date shall have the meaning given to such term in Section 5(a) of the certificates of designations relating to the Preferred Stock.

Conversion Trigger Date means any date on which the Closing Price per share of Common Stock for at least 20 consecutive Trading Days immediately preceding such date,

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