Examples of Conversion Unit in a sentence
A Revenue Conversion Unit is a currency-independent measure of a Revenue amount relevant to the Cloud Service.
Each Conversion Unit consists of one common share of the Company and ½ of one common share purchase warrant (“Offering Warrants”) exercisable at a price of $9.45 per warrant until October 16, 2023.
A Revenue Conversion Unit is a currency-independent measure of a Revenue amount relevant to the IBM SaaS.
Each Conversion Unit will consist of one common share of the Company, and one-half-of-one common share purchase warrant (each whole warrant, a “Conversion Warrant”).
The Convertible Debentures are convertible, at the holders option, into Conversion Units consisting of one common share and one half of one Offering Warrant per Conversion Unit.