First Conversion Date definition

First Conversion Date means the earliest of (i) the 180th day following the Issuance Date, (ii) the date any person, group or entity (including the Corporation) publicly announces a tender offer, exchange offer or another transaction to purchase 50% or more of the Corporation's outstanding Common Stock or otherwise publicly announces an intention to replace a majority of the Corporation's Board of Directors by waging a proxy battle.

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First Conversion Date means the first day following the last day of the underwriters’ lock-up period (including any extension of such lock-up period in accordance with the terms thereof) provided for in the underwriting agreement (the “Underwriting Agreement”) among the Corporation and the underwriters with respect to the first underwritten public offering by the Corporation that results in its Class A Common Stock being listed for trading on a U.S. national securities exchange.

First Conversion Date means, with respect to Series B Preferred Stock issued on any Issue Date the earliest of (i) the 181st day following the Initial Issuance Date, (ii) the date the Corporation makes a public announcement that it intends to merge or consolidate with any other entity (other than a merger in which the Corporation is the surviving or continuing entity and the voting capital stock of the Corporation immediately prior to such merger represents at least 50% of the voting power of the capital stock of the Corporation after the merger) or to sell or transfer all or substantially all of the assets of the Corporation, (iii) the date any person, group or entity (including the Corporation) publicly announces a tender offer, exchange offer or another transaction to purchase 50% or more of the Corporation's outstanding Common Stock or otherwise publicly announces an intention to replace a majority of the Corporation's Board of Directors by waging proxy battle or otherwise, or (iv) the date on which a Redemption Event described in Article VIII.A(iv) occurs.

Examples of First Conversion Date in a sentence

The Administrative Agent shall provide the Borrowers with Conversion Obligation payment schedules within thirty (30) days of the First Conversion Date.
No shares of Series B Preferred Stock may be converted prior to the date (the "First Conversion Date") which is the earlier of (i) the effective date of the registration statement covering the resale of the shares of Common Stock issuable upon conversion of the Series B Preferred Stock, and (ii) the one hundred eightieth day after the closing date (the "Closing Date") of the issuance of the Series B Preferred Stock.
Commencing on the day following the First Conversion Date until the second anniversary of the Closing Date (also known as the Development Line of Credit Termination Date), the Borrowers may borrow the unused portion of the Development Line of Credit Loan on the same terms provided in Sections 4.1, 4.2, 4.3 and 4.4 hereof.
The First Conversion Obligation will not be termed if on the First Conversion Date, there exists a Default or an Event of Default, in which case the aggregate unpaid principal balance of all Line Advances made under the Development Line of Credit Loan and all accrued interest thereon shall be due and payable upon acceleration but no later than on the Development Line Termination Date (unless earlier accelerated).
No shares of Series A Preferred Stock may be converted prior to the date (the "First Conversion Date") which is the earlier of (i) the effective date of the registration statement covering the resale of the shares of Common Stock issuable upon conversion of the Series A Preferred Stock, and (ii) the ninetieth day after the closing date (the "Closing Date") of the issuance of the Series A Preferred Stock.

More Definitions of First Conversion Date

First Conversion Date means the earliest of (i) the 360th day following the Issuance Date or (ii) the date that the Corporation receives net cash proceeds of any equity of quasi-equity (e.g. preferred or convertible preferred stock) financing exceeding five hundred thousand dollars ($500,000) that allows the Corporation to redeem all or a portion of the Series A Stock.

First Conversion Date. As defined in Section 2(b) hereof.

First Conversion Date means June 1, 2019.

First Conversion Date shall have the meaning set forth in Section 2(a) of this Agreement.

First Conversion Date means the first Monday that is at least four (4) Trading Days subsequent to the Initial Conversion Event; provided however, if such Monday is not a Trading Day, then the First Conversion Date shall be the next Trading Day.

First Conversion Date. As defined in Section 4.7 of this Agreement.

First Conversion Date means the first date on which a Rightsholder is permitted to convert any portion of the Convertible Notes into Common Stock.

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