Examples of Adjusted Conversion Rate in a sentence
Upon receipt of such stockholder approval, the Corporation shall further adjust the Partially Adjusted Conversion Rate to equal the Fully Adjusted Conversion Rate, as such Conversion Rate may be further adjusted pursuant to the Certificate of Designation.
The "Specially Adjusted Conversion Rate" is 110% of the Maker's Average Stock Price for the trading days occurring during the 30 calendar days immediately preceding the Special Adjustment Date; provided, that the Specially Adjusted Conversion Rate shall not be lower than $1.00 per share (as adjusted after the date of this Note for events described in the first sentence of Section 5(b) above).
With effect as of immediately prior to the Closing, the Board of Directors of the Company shall increase the Conversion Rate from the Conversion Rate (as such term is defined in the Series B CoD) to the Adjusted Conversion Rate pursuant to, and in accordance with, Section 11(a)(xii) of the Series B CoD.
A Buyer shall not sell, assign or otherwise transfer any of their respective Notes during the period that the Adjusted Conversion Rate is in effect unless such transferee agrees in writing to comply with all of the provisions of this Agreement, including Section 1.2 of this Agreement.
In accordance with the provisions of Section 1209 of the Indenture, following the Merger, a Holder of a Security shall have the right to convert such Security into shares of St. Xxxx Common Stock at a rate of 8.3217 shares of St. Xxxx Common Stock per $1,000 principal amount at maturity of the Securities (the "Adjusted Conversion Rate").