Applicable Conversion Period definition

Applicable Conversion Period means, with respect to a conversion of Securities, the 10 consecutive Trading Day period commencing on the third Trading Day following the date the Securities are tendered for conversion.
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Applicable Conversion Period means, with respect to a conversion of Notes, the 10 consecutive Trading Day period commencing on the third Trading Day following the date the Notes are tendered for conversion.
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Applicable Conversion Period means the 10 consecutive Trading Day periods commencing after the second Trading Day following the date the Debentures are tendered for conversion.
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Examples of Applicable Conversion Period in a sentence

  • The Company may elect to deliver any portion of the Net Amount in cash (the “Net Cash Amount”) or Common Stock, and any portion of the Net Amount the Company elects to deliver in Common Stock (the “Net Shares”) will be the sum of the Daily Share Amounts for each Trading Day during the Applicable Conversion Period.

  • The 2008 Convertible Bondholders will be notified by the CB Issuer prior to the commencement of the Applicable Conversion Period as to the size of the Cash Return.

  • If the CB Issuer elects to deliver a Cash Return greater than zero, the number of Units (if any) to be issued shall be determined over the Applicable Conversion Period by dividing the Net Amount (being, on each trading day, the greater of: (1) zero; and (2) the difference between the Conversion Value and the Cash Return) by the closing price of the Units on the relevant trading day and taking the average of such results over the Applicable Conversion Period.

  • For the purposes of Sections 4.13(a) and (b), in the event that any of the Conversion Value, Principal Return, Net Amount, Net Cash Amount and the number of Net Shares, as applicable cannot be determined for all portions of the Applicable Conversion Period, the Company’s Board of Directors shall in good faith determine the values necessary to calculate the Conversion Value, Principal Return, Net Amount, Net Cash Amount and the number of Net Shares, as applicable.

  • The Company shall not issue any fraction of a share of Common Stock in connection with any conversion of Securities, but instead shall, subject to Section 10.03 hereof, make a cash payment (calculated to the nearest cent) equal to such fraction multiplied by the Closing Sale Price of the Common Stock on the final Trading Day of the Applicable Conversion Period.

  • In addition, the Company will make any carry forward adjustments not otherwise effected, without duplication, prior to any Fundamental Change Repurchase Date, upon any conversion of the Securities on each Trading Day of the Applicable Conversion Period and on every one year anniversary from the original issue date of the Securities.

  • If the foregoing calculations would require the Company to deliver a fractional share of any security comprising a portion of a unit of Reference Property to a Holder of Securities being converted, the Company shall deliver cash in lieu of such fractional share or unit based on the Closing Sale Price of such security on the last Trading Day of the Applicable Conversion Period.

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  • The “ordinary default rule” is that the person seeking to change the status quo bears the burden.

  • If the Issuer elects to deliver or cause to be delivered a Cash Amount and Units in accordance with Condition 5.4(a)(iii), the number of Units to be issued or caused to be issued by the Issuer in respect of each Bond will be equal the sum of the Daily Unit Amounts (calculated as described below) for each Trading Day during the Applicable Conversion Period, and the Conversion Date shall be deemed to be one Business Day after the Applicable Conversion Period.


More Definitions of Applicable Conversion Period

Applicable Conversion Period means, with respect to a conversion of Series A Notes, the ten consecutive Trading Day period commencing on the third Trading Day following the date the Series A Notes are tendered for conversion. Table of Contents
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Applicable Conversion Period means the 40 consecutive Trading Day period (1) with respect to conversion notices received during the period beginning on, and including, the 45th Scheduled Trading Day immediately preceding the Stated Maturity and ending on, and including, the second Scheduled Trading Day immediately preceding the Stated Maturity, beginning on, and including, the 42nd Scheduled Trading Day immediately preceding the Stated Maturity; and (2) in all other cases, beginning on, and including, the third Trading Day following the Conversion Date.
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Applicable Conversion Period means, in connection with any Debentures surrendered for conversion, the ten consecutive Trading Day period commencing after the third Trading Day following the date the Debentures are tendered for conversion, subject to Section 15.01(d).
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Applicable Conversion Period means a period of the 10 consecutive Trading Days commencing on the fifth Trading Day following the date a Conversion Notice is deposited with the Conversion Agent in accordance with Condition 5.2(a)(i) (Conversion Notice);
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Applicable Conversion Period means, with respect to any Note:
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Applicable Conversion Period has the meaning set forth in Section 12.13(a).
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Related to Applicable Conversion Period

  • Applicable Conversion Rate means the Conversion Rate in effect at any given time.

  • Applicable Conversion Price means the Conversion Price in effect at any given time.

  • Final Conversion Date means 5:00 p.m. in New York City, New York on the earlier to occur following the IPO of (i) the first Trading Day falling on or after the date on which the outstanding shares of Class B Common Stock represent less than ten percent (10%) of the aggregate number of shares of the then outstanding Class A Common Stock and Class B Common Stock, (ii) the tenth (10th) anniversary of the IPO or (iii) the date specified by affirmative vote of the holders of a majority of the outstanding shares of Class B Common Stock, voting as a single class.

  • Conversion Period means the period of time commencing on the eighth day after the Offer Date and terminating on the Expiry Date;

  • Variable Conversion Price means the lesser of (i) the Conversion Price or (ii) 25% multiplied by the Market Price (as defined herein) (representing a discount rate of 75%). “Market Price” means the average of the lowest three (3) Trading Prices (as defined below) for the Common Stock during the ten (10) Trading Day period ending on the latest complete Trading Day prior to the Conversion Date. “Trading Price” means, for any security as of any date, the closing bid price on the Over-the-Counter Market, or applicable trading market (the “OTCQB”) as reported by a reliable reporting service (“Reporting Service”) designated by the Holder (i.e. Bloomberg) or, if the OTCQB is not the principal trading market for such security, the closing bid price of such security on the principal securities exchange or trading market where such security is listed or traded or, if no closing bid price of such security is available in any of the foregoing manners, the average of the closing bid prices of any market makers for such security that are listed in the “pink sheets” by the National Quotation Bureau, Inc. If the Trading Price cannot be calculated for such security on such date in the manner provided above, the Trading Price shall be the fair market value as mutually determined by the Borrower and the holders of a majority in interest of the Notes being converted for which the calculation of the Trading Price is required in order to determine the Conversion Price of such Notes. “Trading Day” shall mean any day on which the Common Stock is tradable for any period on the OTCQB, or on the principal securities exchange or other securities market on which the Common Stock is then being traded, provided, however, that at no time, notwithstanding the occurrence of an Event of Default, may the Conversion Price be less than par value of Common Stock.

  • Forced Conversion Date shall have the meaning set forth in Section 6(d).

  • Interest Conversion Price means, with respect to any Interest Date, that price which shall be computed as 100.0% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the ten (10) consecutive Trading Days immediately preceding the applicable Interest Date (each, an “Interest Measuring Period”). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during such period.

  • Forced Conversion Amount means the sum of (i) 100% of the aggregate Stated Value then outstanding, (ii) accrued but unpaid dividends and (iii) all liquidated damages and other amounts due in respect of the Series B Preferred Stock.

  • Make-Whole Fundamental Change Conversion Period has the following meaning:

  • Default Conversion Price shall have the meaning set forth in Section 4(b).

  • Optional Conversion Date means, with respect to the Optional Conversion of any Convertible Preferred Stock, the first Business Day on which the requirements set forth in Section 10(d)(ii) for such conversion are satisfied.

  • Initial Conversion Price has the meaning specified in Section 13.01.

  • Forced Conversion Notice Date shall have the meaning set forth in Section 6(d).

  • Daily Conversion Value means, for each of the 40 consecutive Trading Days during the relevant Observation Period, 2.5% of the product of (a) the Conversion Rate on such Trading Day and (b) the Daily VWAP on such Trading Day.

  • Fixed Conversion Price shall have the meaning set forth in Section 4(b).

  • Interest Conversion Rate means the lesser of (a) the Conversion Price or (b) 90% of the lesser of (i) the average of the VWAPs for the 20 consecutive Trading Days ending on the Trading Day that is immediately prior to the applicable Interest Payment Date or (ii) the average of the VWAPs for the 20 consecutive Trading Days ending on the Trading Day that is immediately prior to the date the applicable Interest Conversion Shares are issued and delivered if such delivery is after the Interest Payment Date.

  • Mandatory Conversion Date has the meaning set forth in Section 7(a).

  • Interest Conversion Shares shall have the meaning set forth in Section 2(a).

  • Automatic Conversion Date has the meaning set forth in Section 7(c).

  • Base Conversion Price shall have the meaning set forth in Section 5(b).

  • Conversion Date shall have the meaning set forth in Section 4(a).

  • Judgment Conversion Date as defined in subsection 10.8(a).

  • New Conversion Price means the amount determined in accordance with the following formula, which shall apply from the QTE Effective Date: NCP = ECP * (VWAPAES / VWAPOS) where:

  • Forced Conversion Notice shall have the meaning set forth in Section 6(d).

  • Company Conversion Price means, the lower of (i) the applicable Conversion Price and (ii) that price which shall be computed as ninety five percent (95%) of the lowest Volume Weighted Average Price of the Common Stock during the fifteen (15) consecutive Trading Days immediately preceding the applicable Installment Date. All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction.

  • Change of Control Conversion Date shall have the meaning provided in the Articles Supplementary.