Proposed Conversion Date definition

Proposed Conversion Date means the date on which a holder of Series A Preferred Shares proposes to convert any or all of the Series A Preferred Shares, as set forth in its notice to the Corporation properly delivered in accordance with paragraph (e) of Section 4.

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Proposed Conversion Date means the date on which a holder of Series B Convertible Preferred Shares proposes to convert any or all of such holder's Series B Convertible Preferred Shares, as set forth in its notice to the Corporation properly delivered in accordance with paragraph (d) of Section 4.

Proposed Conversion Date means any Business Day designated by the Company as a Conversion Date with respect to the Bonds.

Examples of Proposed Conversion Date in a sentence

Notwithstanding anything to the contrary in this paragraph (a), the holder of Series A Preferred Shares may provide notice of its intention to convert any or all of such shares prior to the fourth anniversary of the Issuance Date of such Series A Preferred Shares, so long as the Proposed Conversion Date specified in such notice is a date after the date of such fourth anniversary.
In order to properly effect the revocation or amendment of such notice, the holder shall provide notice to the Corporation of its revocation or amendment not less than three (3) Business Days prior to the Proposed Conversion Date.
Notwithstanding the provisions of Section 202 of this Indenture, in the event the Company obtains an opinion of Bond Counsel, and delivers a copy of the same to the Trustee, the Remarketing Agent and the Bank, to the effect that Non-Taxability Opinions should no longer be required in each instance of a Proposed Conversion Date, such opinions shall thereafter no longer be required as a precondition to a Conversion Date.
Notwithstanding anything to the contrary in paragraph (a) of this Section 4, at any time after the occurrence of a Special Conversion Event, any holder of Series A Preferred Shares shall be entitled, at the option of such holder, to cause any or all of such shares to be converted into shares of Common Stock of the Corporation at the Special Conversion Rate as of the Proposed Conversion Date specified in such holder's notice to the Corporation delivered pursuant to paragraph (e) of this Section 4.
Subject to the provisions of subsection (c) of this Section, the Holder of each Bond shall be required to tender such Bond to the Tender Agent for purchase on (i) each Proposed Conversion Date, and (ii) the first day of the calendar month in which the Stated Expiration Date of the Letter of Credit occurs; or, if any of such dates is not a Business Day, the next succeeding Business Day (each such date, a "Mandatory Tender Date"), all as more fully provided in this Section.
Such Bond shall remain in the Interest Rate Mode that was applicable on the Proposed Conversion Date.
In the event that any Proposed Conversion Date established by the delivery of a Conversion Notice does not become the Conversion Date, the Company shall have the right to establish another Proposed Conversion Date in the same manner.
If the Proposed Conversion Date was not also a Mandatory Tender Date under the terms of Section 5.2(b)(1), the Mandatory Tender on the Proposed Conversion Date shall be deemed cancelled, and the tendered Bond shall be returned to the Holder of such Bond.
If for any reason the Remarketing Agent fails to determine the Fixed Rate by the close of business on the fifth (5th) Business Day preceding the Proposed Conversion Date, the Bonds shall continue to bear interest at the Variable Rate as described in Section 204(b) hereof.
With respect to Bonds in the Fixed Rate Mode, the Fixed Rate applicable to the Bonds shall be the rate or rates determined by the Remarketing Agent on a date not more than 35 days nor less than 10 days prior to the Proposed Conversion Date or Fixed Rate Mandatory Tender Date; provided that no such rate shall exceed the Maximum Rate and all Bonds of the same maturity shall bear the same rate.

More Definitions of Proposed Conversion Date

Proposed Conversion Date means the date identified in a Conversion Notice properly delivered by the Borrower pursuant to Section 402(B)(1) hereof as the date on which the interest rate on the Bonds is to be converted from the Variable Rate to the Fixed Rate.

Proposed Conversion Date means that Interest Payment Date elected by the Company in accordance with Section 202(g) hereof as the date on which the interest rate borne by the Bonds is intended to convert from the Seven-Day Rate to the Fixed Rate.

Proposed Conversion Date means the date on which a holder of Series B Preferred Shares proposes to convert any or all of the Series B Preferred Shares, as set forth in its notice to the Company properly delivered in accordance with paragraph (b) of Section 6 hereof.

Proposed Conversion Date means any date designated by the Borrower as the Conversion Date in accordance with Section 204 of this Indenture.

Proposed Conversion Date means the day proposed by the SystemBorrower for conversion of the Interest Rate Mode on a Bond from one Interest Rate Mode to another Interest Rate Mode.

Related to Proposed Conversion Date

Mandatory Conversion Date has the meaning set forth in Section 7(a).
Forced Conversion Date shall have the meaning set forth in Section 6(d).
Optional Conversion Date means, with respect to the Optional Conversion of any Convertible Preferred Stock, the first Business Day on which the requirements set forth in Section 10(d)(ii) for such conversion are satisfied.
Automatic Conversion Date shall have the meaning specified in Section 15.11(a).
Forced Conversion Notice Date shall have the meaning set forth in Section 6(d).

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