Full Conversion Date definition
Examples of Full Conversion Date in a sentence
The Company agrees to use its reasonable efforts to keep the Issuance Registration Statement continuously effective (a) until the earlier of (i) the S-3 Expiration Date, or (ii) the first date (the "Full Conversion Date") on which no Exchangeable LLC Units (other than those held by the Company) remain outstanding, and (b) during any Reinstatement Period.
Following the Full Conversion Date, any newly requested reports not part of MasterCard’s standard product offering will be developed and provided as mutually agreed upon by the parties.
Prior to the Full Conversion Date, MasterCard and Customer shall agree on reporting needs mandated by a Network or a third party provider and not currently part of MasterCard’s standard product offering; MasterCard will build the functionality for those reports [*].
The parties will memorialize the Full Conversion Date in written correspondence.
After a Full Conversion Date occurs, then as of the first Business Day following such date, each Series B-1 Holder has the sole discretion, at any time and from time to time, to elect to convert any of its shares of Series B-1 Preferred Stock into shares of Common Stock at the conversion rate set forth in Section 8(a).