Conversion Ratios. The parties agree to the following minimum performance standards for FMN.
Conversion Ratios. 5.5.1. The IC shall convert energy efficiency surveys to signed Customer Authorization Forms at a minimum rate of 65% each month (or at a rate of 45% each month from the Effective Date through December 31, 2012) (the “Conversion Ratio Metric”). Measurement of this Conversion Ratio Metric will be monitored on a monthly basis.
Conversion Ratios. Except as provided below, the "Series D ----------------- Conversion Ratio" shall be equal to that number of shares of Entrust Common Stock that has a value (based upon an appraisal by independent competent appraisers engaged by the Company) equal to $11.82 (representing $9.46 per share (the "Liquidating Amount") plus $2.36 per share (the "Participating Amount") as set forth in Section 2 of Article IV of the Company's Articles of Incorporation). Except as provided below, the "Common Conversion Ratio" shall be equal to a fraction, (x) the numerator of which shall be the Total Consideration minus that number of shares of Entrust Common Stock that is equal to the Series D Conversion Ratio multiplied by the sum of (A) the number of shares of Series D Preferred (if any) outstanding immediately prior to the Effective Time and (B) the number of shares of Series D Preferred subject to the Warrant dated April 11, 2000 issued to Xxxxxxxx Consulting (the "Series D Warrant") (if any) outstanding immediately prior to the Effective Time and (y) the denominator of which shall be the sum of (i) the number of shares of Company Common Stock issued and outstanding immediately prior to the Effective Time (other than Company Shares held in the Company's treasury) and (ii) the number of shares of Company Common Stock issuable upon exercise of the Options (as defined below) and Warrants (as defined below), issued and outstanding immediately prior to the Effective Time, whether vested, unvested or subject to repurchase by the Company following such exercise. Notwithstanding the foregoing, in the event the Common Conversion Ratio is equal to a number of shares of Entrust Common Stock, the value (based upon an appraisal by independent competent appraisers engaged by the Company) per share of which is less than the Participating Amount, then (1) the Series D Conversion Ratio shall be equal to that number of shares of Entrust Common Stock that has a value per share (based upon an appraisal by independent competent appraisers engaged by the Company) equal to the Liquidating Amount (such number of shares being referred to as the "Liquidating Portion") plus that number of shares of Entrust Common Stock equal to the Common Conversion Ratio set forth in clause (2) of this sentence; and (2) the Common Conversion Ratio shall be equal to a fraction, (x) the numerator of which shall be the Total Consideration minus that number of shares of Entrust Common Stock that is equal to the Liquidating...
Conversion Ratios. (a) Each share of Series A Preferred Stock shall be convertible, at the option of the holder thereof, at any time and from time to time, and without the payment of additional consideration by the holder thereof, into such number of fully paid and
Conversion Ratios. At the Effective Time, by virtue of the Merger and without any action on the part of Merger Sub or the Company or the holders of any of the Company's Capital Stock:
Conversion Ratios. The following minimum performance standards shall apply to MDC's conversion of ILSI Loans from the indicated stage or category to a closed and funded loan.
