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 and any other Conversion Agent shall not at any time be under any duty or responsibility to any Holder to determine the Conversion Rate (or any adjustment thereto) or whether any facts exist that may require any adjustment (including any increase) 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, or herein or in any supplemental indenture provided to be employed, in making the same.

  • However, if, prior to any conversion of Notes, the rights have separated from the shares of Common Stock in accordance with the provisions of the applicable stockholder rights plan, the Conversion Rate shall be adjusted at the time of separation as if the Company distributed to all or substantially all holders of the Common Stock Distributed Property as provided in Section 14.04(c), subject to readjustment in the event of the expiration, termination or redemption of such rights.

  • These calculations include, but are not limited to, determinations of the Last Reported Sale Prices of the Common Stock, the Trading Price of the Notes (for purposes of determining whether the Notes are convertible as described in Section 14.01(b)(i)), the Daily VWAPs, the Daily Conversion Values, the Daily Net Settlement Amounts, the Daily Settlement Amounts, accrued interest (including Additional Interest) payable on the Notes and the Conversion Rate of the Notes.

  • To the extent such dividend or distribution is declared but not made or paid, the Conversion Rate will be readjusted to the Conversion Rate that would then be in effect had the adjustment been made on the basis of only the dividend or distribution, if any, actually made or paid.

  • The Issuer will not engage in or be a party to any transaction or event that would require the Conversion Rate to be adjusted pursuant to Section 2.8(d) or Section 2.9 to an amount that would result in the Conversion Price per share of Common Stock being less than the par value per share of Common Stock or in a manner which is inconsistent with the listing rules of the ASX.


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 November 2023.Exercise Time is 11:00 am (local time Stockholm)Governing Law The Securities shall be governed by German Law.Issue Date shall be 30 January 2024.Issue Size (up to) 950,000 Securities which shall be consolidated and form a single issue pursuant to § 13 of the General Conditions with the Securities issued on 16 October 2023 (ISIN DE000VM3HLS6 / WKN VM3HLS / Valor 127566709). Thenew Total Issue Size shall amount to 1,000,000 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 0.0046.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 30November 2023.Underlying 16X Short Index linked to WTI Light Sweet Crude Oil Future V27 ISIN Underlying: CH1263239084Currency of the Underlying:USD 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 228.3105 shares of Common Stock per $1,000 Principal Amount of Notes (equivalent to an initial Conversion Price of approximately $4.38), 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;