Common use of Adjustment to the Conversion Price Clause in Contracts

Adjustment to the Conversion Price. In relation to each Note for which the Conversion Date has not occurred prior to the Effective Date, the Conversion Price shall be adjusted by multiplying the Conversion Price in effect immediately prior to the Effective Date by the following fraction: where: A = the number of Shares in issue on the Exchange Business Day immediately preceding the date of such announcement; B = the number of Shares which the Aggregate Consideration would purchase at such Current Market Price; and

Appears in 1 contract

Samples: Bema Gold Corp /Can/

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Adjustment to the Conversion Price. In relation to each Note for which the Conversion Date has not occurred prior to the Effective Date, the Conversion Price shall be adjusted by multiplying the Conversion Price in effect immediately prior to the Effective Date by the following fraction: where: A = the number of Shares in issue on the Exchange Business Day immediately preceding the date of such announcement; B = the number of Shares which the Aggregate Consideration would purchase at such Current Market Price; andand C = (1) in the case of an issue of Shares, the number of Shares issued; or

Appears in 1 contract

Samples: BMB Munai Inc

Adjustment to the Conversion Price. In relation to each Note for which the Conversion Date has not occurred prior to the Effective Date, the Conversion Price shall be adjusted by multiplying the Conversion Price in effect immediately prior to the Effective Date by the following fraction: where: A = the number Current Market Price of Shares in issue one Share on the Exchange Business Day immediately preceding the date of the first public announcement of the terms of such announcementissue or grant; and B = the number Fair Market Value on the date of Shares which such announcement of the Aggregate Consideration would purchase at such Current Market Price; andportion of the rights attributable to one Share.

Appears in 1 contract

Samples: BMB Munai Inc

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Adjustment to the Conversion Price. In relation to each Note for which the Conversion Date has not occurred prior to the Effective Date, the Conversion Price shall be adjusted by multiplying the Conversion Price in effect immediately prior to the Effective Date by the following fraction: where: A = the number of Shares in issue on the Exchange Business Day immediately preceding the date of such announcement; B = the number of Shares which the Aggregate Consideration would purchase at such Current Market Price; andand C = (1) in the case of an issue, grant or offer of Shares, the number of Shares comprised in the issue, grant or offer; or

Appears in 1 contract

Samples: BMB Munai Inc

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