Provisional Conversion Date

Provisional Conversion Date. Means the date fixed for conversion of shares of Series for shares of Common Stock pursuant to Section 7 above, or if the Corporation shall default in the cash payment of (a) an amount equal to any accrued and unpaid dividends on the shares of Series then outstanding, whether or not declared, and (b) the present value of all remaining dividend payments on the shares of Series then outstanding, through and including July 1, 2006, in connection with such conversion on such date, the date the... Corporation actually makes such payment. View More

Provisional Conversion Date. Means the date fixed for conversion of shares of Convertible Preferred Stock into shares of Common Stock pursuant to Section 9 above or, if the Corporation shall default in the cash payment of (1) an amount equal to any accrued and unpaid dividends on the shares of Convertible Preferred Stock then outstanding (including any dividends accumulated thereon), whether or not declared, and (2) the present value of all remaining dividend payments on the shares of Convertible Preferred Stock then... outstanding, through and including the Mandatory Conversion Date, in connection with such conversion on such date, the date the Corporation actually makes such payment. View More