Conversion Price Reset. If on the 180th day following the Original Issue Date (the “Reset Day”), the closing bid price on the Trading Market for the Company’s Common Stock is below the Conversion Price, the Conversion Price will automatically adjust to 70% of the lowest VWAP in the 15 Trading Days prior to the Reset Day.
Conversion Price Reset. In addition to adjustments to the Conversion Price pursuant to Section 6(c), if the Equity Threshold Date has not occurred prior to July 1, 2010 and the Conversion Price in effect on such date exceeds $19.11 (such per share amount subject to appropriate adjustment for any stock split, reverse stock split, stock dividend, recapitalization or similar event), the Conversion Price in effect on such date will be reduced to $19.11 (such per share amount subject to appropriate adjustment for any stock split, reverse stock split, stock dividend, recapitalization or similar event).
Conversion Price Reset. Subject to the following sentence, on each Reset Date, the Conversion Price will be adjusted by the Calculation Agent to be equal to the Reset Conversion Price. An adjustment to the Conversion Price pursuant to this Condition 6.4 on any Reset Date (each such adjustment, a “Conversion Price Reset”) shall be made only if the Conversion Price so adjusted is lower than the Conversion Price that would, but for the operation of this Condition 6.4 in respect of such Reset Date, be in effect on such Reset Date.
Conversion Price Reset. Effective as of September 30, 2009, the Conversion Price shall be reset so as to equal the lower of (A) the then current Conversion Price and (B) the arithmetic average of the Weighted Average Price of the Common Stock for the 30 consecutive trading days preceding September 30, 2009 (the “Reset Trading Average”), provided that, in no event, shall the Conversion Price be reset to a conversion price below $3.24 per share (subject to adjustment in the same manner and as of any date as Section 4.05 hereof), as adjusted to give effect to any adjustments to the Conversion Price or Conversion Rate that would have been made prior to September 30, 2009 had Section 4.05(2)(a) been in effect prior to September 30, 2009. For the avoidance of doubt, in no event will the Conversion Price be adjusted upwards pursuant to this Section 4.10.
Conversion Price Reset. On each of the first anniversary and second anniversary of the Closing Date (each such anniversary, a “Reset Date”), if the Volume Weighted Average Closing Price of the Company’s Ordinary Shares during any consecutive 40-Trading Day period in the 12 months preceding the relevant Reset Date (the “Reference Price”) is below 85% of the Initial Conversion Price, the Conversion Price shall be adjusted to 115% of such Reference Price. If during the 12 months preceding a Reset Date there is more than one consecutive 40- Trading Day period when the Volume Weighted Average Closing Price is below 85% of the Initial Conversion Price, then the Conversion Price for the applicable Reset Date shall be calculated based on the lower of (i) the Volume Weighted Average Closing Price of the most recent applicable 40- Trading Day Period and (ii) the average Volume Weighted Average Closing Price for all applicable 40-Trading Day Periods within the most recent 6 months. Notwithstanding the foregoing, in no event shall the Conversion Price be lower than 60% of the Initial Conversion Price.
Conversion Price Reset. If the average of the Closing Prices (the Average Closing Price) for the period of twenty (20) consecutive Trading Days immediately prior to any of April 12, 2009 and February 18, 2012 (each a Reset Date) is lower than the Conversion Price on the relevant Reset Date, the Conversion Price will be adjusted so that such Average Closing Price shall be the Conversion Price in effect from, and including, the relevant Reset Date. The Issuer shall notify the Bondholders, Trustee and the Paying Agent of such adjustment within ten (10) business days after the relevant Reset Date, in accordance with Condition 18. Such adjusted Conversion Price shall be rounded upwards, if necessary, to the nearest one-tenth (1/10) of a United States cent. Provided that:
Conversion Price Reset. The initial Conversion Price of this Note shall be ten dollars ($10.00) per share. The Conversion Price shall reset one time upon the earlier to occur of (a) any date on which the aggregate gross proceeds generated by Maker's issuance after April 5, 1999 (the "Original Issue Date") of Common Stock and any securities convertible into Common Stock equals at least $15,000,000, or (b) April 5, 2000. In the case of (a), the Conversion Price shall be reset to the lesser of $10.00 per share and the lowest price at which Maker issued and sold shares of Common Stock after the Original Issue Date (other than: (i) pursuant to options, warrants or other convertible securities of the Company committed to by the Company or outstanding as of the Original Issue Date and disclosed prior to the Original Issue Date pursuant to Section 3.4 of the Purchase Agreement, (ii) in an amount not to exceed an aggregate of 500,000 shares of Common Stock, pursuant to any options granted to persons not employed by the Company as of the date hereof under the Company's 1995 or 1998 Stock Option Plans, successor plans thereto or otherwise eligible for registration on Form S-8 or any successor form thereto, and (iii) in an amount not to exceed an aggregate of 500,000 shares of Common Stock, pursuant to warrants granted to racetracks and other information content providers of the Company in consideration of agreements with the Company for the provision of such information content); PROVIDED, that solely for the purpose of determining the lowest price at which Maker issued and sold Common Stock after the Original Issue Date, (x) if Maker issues options or warrants to purchase Common Stock (other than options or warrants exempted above), Maker shall be deemed to have issued and sold shares of the underlying Common Stock at the exercise price of such option or warrant, irrespective of whether such option or warrant is in fact exercised (e.g., if Maker issues options to purchase Common Stock (not exempted above) at an exercise price of $5.00 per share, Maker shall be deemed to have issued the underlying Common Stock at a price of $5.00 per share), and (y) if Maker issues any securities (other than convertible securities exempted above) convertible into Common Stock (or options to purchase such securities), Maker shall be deemed to have issued and sold shares of the Common Stock issuable upon conversion of such securities at a price equal to the maximum number of shares of Common Stock issuable up...
Conversion Price Reset. If the arithmetic average of the daily Volume Weighted Average Price of the Shares for the period of 20 consecutive Trading Days ending on (but excluding) 7 November 2017 (the “Reset Date”) (the “Reset Reference Price”), is less than 0.242, the Conversion Price shall be adjusted on a one- time basis in accordance with the following formula and shall become effective as of the Reset Date: Adjusted Conversion Price = Reset Reference Price x (1+ CP) Where ‘‘CP’’ means 19 per cent. expressed as a fraction provided that:
Conversion Price Reset. Reserved.
Conversion Price Reset. If at any time during the period from August 15, 2007 to September 15, 2007, the 30-day historical VWAP (each, a “Reference Price”) of the Common Shares shall be less than $2.90 per share (as adjusted pursuant to Section 9.03, if any), the Conversion Price shall be adjusted downward to the lowest Reference Price, provided that the Conversion Price shall not be reduced to an amount below $2.00 per Common Share (as adjusted to reflect changes in the number of outstanding Common Shares as a result of any free distribution, share dividends, sub-division, consolidation or reclassification of Common Shares as set forth in Section 9.03(a)), and provided, further, that in no event shall the number of Conversion Shares issuable upon conversion of all the outstanding Notes exceed 49.9% of all outstanding Common Shares upon the conversion of all of the outstanding Notes.
