Conversion Rate definition

Conversion Rate shall have the meaning specified in Section 14.01(a).

Conversion Rate initially means 2,702.7027 shares of Common Stock per $1,000 Principal Amount of Notes; Notwithstanding anything to the contrary herein, the Conversion Rate is subject to adjustment pursuant to Section 8 at all times, and whenever this Note refers to the Conversion Rate as of a particular date without setting forth a particular time on such date, such reference will be deemed to be to the Conversion Rate immediately after the Close of Business on such date.

Conversion Rate initially means 6.0118 ADSs per $1,000 principal amount of Notes; provided, however, that the Conversion Rate is subject to adjustment pursuant to Article 5; provided, further, that whenever this Indenture refers to the Conversion Rate as of a particular date without setting forth a particular time on such date, such reference will be deemed to be to the Conversion Rate immediately after the Close of Business on such date.

Examples of Conversion Rate in a sentence

• The Trustee, the Paying Agent and the Conversion Agent shall not at any time be under any duty or responsibility to any Holder to determine the Conversion Rate or whether any facts exist which may require any adjustment of the Conversion Rate, or with respect to the nature or extent or calculation of any such adjustment when made, or with respect to the method employed in making the same.

• Whenever the Conversion Rate is adjusted as herein provided, the Company will deliver to the Trustee (and the Conversion Agent if not the Trustee) an Officers’ Certificate setting forth the Conversion Rate, detailing the calculation of the Conversion Rate and describing the facts upon which the adjustment is based upon which such Officers’ Certificate the Trustee may conclusively rely.

• If any dividend or distribution of the type described in this Section 2.05(a) is declared but not so paid or made, then the Conversion Rate shall immediately be readjusted, effective as of the date the Board of Directors determines not to pay such dividend or distribution, to the Conversion Rate that would then be in effect had such dividend or distribution not been declared or announced.

• To the extent that shares of Common Stock are not delivered after the expiration of such rights, options or warrants, the Conversion Rate shall be readjusted, as of the date of such expiration, to the Conversion Rate that would then be in effect had the adjustment made upon the issuance of such rights, options or warrants been made on the basis of delivery of only the number of shares of Common Stock actually delivered.

• If such distribution is not so paid or made, or if any rights, options or warrants are not exercised before their expiration date, the Conversion Rate shall be readjusted, as of the date the Board of Directors determines not to make or pay such distribution or as of such expiration date, as the case may be, to be the Conversion Rate that would then be in effect had such distribution not been declared or to the extent such rights, options or warrants are not exercised, as applicable.

More Definitions of Conversion Rate

Conversion Rate has the meaning assigned to such term in the Indenture.

Conversion Rate means the relevant conversion rate as determined by Bloomberg Index Services Limited for the Valuation Date and as published on the website http://www.bloomberg.com/markets/currencies/fx-fixings around 2:00 pm (local time Frankfurt am Main) (BFIX).If such a Conversion Rate is not determined or published or if the method of calculating the Conversion Rate changes materially or the time of the regular publication is changed by more than 30 minutes, the Calculation Agent shall specify the Conversion Rate applicable at the time of determination of the Reference Price on the Valuation Date in its reasonable discretion.Exercise Agent shall mean Bank Vontobel AGfor the attention of Corporate Actions Gotthardstrasse 438002 Zurich SwitzerlandTelephone: +41 (0)58 283 74 90Fax: +41 (0)58 283 51 60 Exercise Cut-Off Date shall mean each tenth (10th) Business Day before an Exercise Date.Exercise Date shall mean the last Business Day in each calender month, commencing as of 30 December 2022.Exercise Time is 11:00 am (local time Stockholm)Governing Law The Securities shall be governed by German Law.Issue Date shall be 16 December 2022.Issue Size (up to) 45,000,000 Securities which shall be consolidated and form a single issue pursuant to § 13 of the General Conditions with the Securities issued on 18 November 2022 (ISIN DE000VV9KQ48 / WKN VV9KQ4 / Valor 123080890).The new Total Issue Size shall amount to 50,000,000 Securities.Maturity Date shall be the ninth (9th) Business Day following the Valuation Date.Minimum Exercise Number 1 SecurityRatio The Ratio shall be expressed as a number and shall amount to 0.0096.Reference Price The Reference Price shall be the relevant price of the Underlying for the purpose of determining and calculating the Cash Amount and shall correspond to the index closing value determined and published by the Index Calculation Agent on the Valuation Date.Registry Type Swedish Registered SecuritiesSettlement Currency of the Securities shall mean SEK.Termination Cut-Off Date shall be ten (10) Business Days prior to the relevant Termination Date. Termination Date shall mean the last Business Day in each calender month, commencing as of 30December 2022.Underlying 12X Short Index linked to Natural Gas (Henry Hub) Future V31 ISIN Underlying: CH1201389835Currency of the Underlying:USD ID-1559931057-15599310573/4 Final Terms dated 15 December 2022 / DE000VV9KQ48 Vontobel Valuation Date: shall mean

Conversion Rate means the price of USD 1.00 in SEK, as actually traded on the international interbank spot market on the Valuation Date at such point in time at which the Reference Price of the Underlying is determined and published.

Conversion Rate means initially 733.14 shares of Common Stock per $1,000 Principal Amount of Notes, subject to adjustment as set forth herein.

Conversion Rate has the meaning specified in Section 11.1.

Conversion Rate means for each share of Series L Preferred Stock, 6.3814 shares of Common Stock, plus cash in lieu of fractional shares, subject to adjustment as set forth herein.

Conversion Rate means the factor that determines the number of shares or other instruments of ownership into which a liability of a specific class will be converted, by reference either to a single instrument of the class in question or to a specified unit of value of a debt claim;