Examples of Conversion Event in a sentence
Subject to Section 4(c), interest will only be payable in respect of each Loan at the Interest Rate: (i) on an Event of Default; or (ii) on a Conversion Event ("Interest").
This Agreement shall commence on the date hereof and shall terminate on the first to occur of the following (a) the date of Conversion (other than a Conversion based solely on a Dilution Conversion Event), (b) the date of removal of Wichita GP as a Partner, or (c) the date of withdrawal of Wichita GP as a Partner.
If, upon a Potential Conversion Event, INVESTOR does not convert the Indebtedness, the Corporation may, concurrent with the closing of the Potential Conversion Event, choose, in its sole discretion, to prepay all Indebtedness owing under this Loan Agreement on the date of the Conversion Event.
The Variable Annual Interest Rate may change on each of the following: First Change Date Subsequent Change Dates if Borrower receives Notice from Lender that an Index Conversion Event occurs, on the applicable Index Conversion Change Date specified in such Notice Each of the First Change Date, the Subsequent Change Dates, and any Index Conversion Change Dates is a “Change Date.” The new Variable Annual Interest Rate will become effective on each Change Date.
The Automatic Conversion shall occur upon an Automatic Conversion Event (the “Conversion Time”).