Conversion Notice means the notice to be given by a holder of Preferred Securities to the Conversion Agent directing the Conversion Agent to convert such Preferred Securities into Securities and to convert such Securities into Common Securities on behalf of such holder.
What is a conversion?
Conversion is the deprivation of the right of others to use or possess personal property. … Conversion is when a person, without authority or permission, willfully takes the personal property of another or deprives another of possession of personal property.
What does a share conversion mean?
The conversion price is the price per share at which a convertible security, such as a B. corporate bonds or preferred stock, can be converted into common stock.
What is a conversion?
Conversion is the deprivation of the right of others to use or possess personal property. … Conversion is when a person, without authority or permission, willfully takes the personal property of another or deprives another of possession of personal property.
What are examples of a conversion?
An example of conversion is exchanging dollars for euros. An example of the conversion is determining the number of cups in a liter. Unauthorized appropriation of someone else’s property. Change in the form of a quantity, unit, or expression with no change in value.
What are the 4 types of conversion?
Direct change. Parallel conversion. Gradual or progressive conversion. Modular transformation.
What does conversion into law mean?
Conversion is a premeditated offense consisting in taking property incompatible with the right of possession of the actual owners with the intention of disposing of the movable property. In England and Wales it is a strike liability offence. Criminal law equivalents include theft or theft and criminal proselytization.
What is a commutation in a court proceeding?
Conversion in California is a civil cause of action that applies when a person has unlawfully and without permission appropriated or encroached on the property of another person. The victim can make a claim for the recovery of the property or for compensation for the value of the lost property.
How do stock conversions work?
Stock option conversion takes advantage of an overpriced option to generate a risk-free profit for the converter. A mutual share conversion takes place when a member company, such as a mutual insurance company, to a share ownership system.
Can you convert an action into another action?
You can transfer an entire stock trading account or individual stocks from one broker to another. Transferring an entire account is done through a centralized system called the Automated Customer Account Transfer Service, or ACATS.
What is a conversion operation?
Conversion Transaction means a merger, consolidation, recapitalization or other transaction involving the Purchaser that results in the conversion of the Purchaser’s shares into a right to receive cash or other securities.
Why do companies convert their stocks into shares?
Resolution at Shareholders Meeting: A limited liability company with share capital may, to the extent permitted by its articles of association, convert fully paid shares into shares and convert those shares back into fully paid shares of any denomination by adopting a resolution at its general meeting. To meet.