Applicable Conversion Ratio definition

Applicable Conversion Ratio has the meaning specified in Section 13.01.

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Applicable Conversion Ratio means, unless otherwise specified in the corresponding Certificate of Designation, the amount (calculated to the nearest five decimal places) obtained by dividing (i) the Fair Value of a share of the corresponding Tracking Series, by (ii) the Fair Value of a share of Platform Common Stock.

Applicable Conversion Ratio is the Conversion Ratio that is tied to the specific Terminal Equity Value and is used to determine the Then Effective Ownership Percentage. The Conversion Ratios as they relate to the varying Terminal Equity Values are set forth on Schedule A hereof.

Examples of Applicable Conversion Ratio in a sentence

• The conversion ratio and equivalent conversion price in effect at any time are known as the "Applicable Conversion Price" and the "Applicable Conversion Ratio," respectively, and are subject to adjustment under certain circumstances.

• The conversion ratio and the equivalent conversion price in effect at any given time are known as the "Applicable Conversion Ratio" and the "Applicable Conversion Price", respectively, and are subject to adjustment as described in this Article XIII.

• The exercise price per share of each Parent Warrant shall be equal to the exercise price of the Warrant prior to substitution divided by the Applicable Conversion Ratio (rounded to the nearest whole cent, and with $0.005 rounded upward to the nearest whole cent (unless such Company Warrant provides for different treatment of fractions of a cent in such circumstance, in which case the terms of such Company Warrant pertaining to the treatment of a fraction of a cent shall control)).

• A Holder of Securities may convert any portion of the principal amount of the Securities into that number of fully paid and nonassessable shares of Common Stock (calculated as to each conversion to the nearest 1/100th of a share) obtained by dividing the principal amount of the Securities to be converted by the Applicable Conversion Ratio.

• A Holder of Securities may convert any portion of the principal amount of the Securities into that number of fully paid and nonassessable shares of Capital Stock (calculated as to each conversion to the nearest 1/100th of a share) obtained by dividing the principal amount of the Securities to be converted by the Applicable Conversion Ratio.

• In the event of a Trigger Event following a Qualifying Termination of Service, Executive's Then Effective Ownership Percentage shall equal the product of: - the quotient of (x) the Vested Bonus Equivalent divided by (Y) the Total Shares of Common Stock Outstanding; - multiplied by, the Applicable Conversion Ratio for the Terminal Equity Value.

• Each Parent Option as so assumed and converted shall constitute an option to acquire such number of shares of Parent Common Stock as is equal to the number of shares of Company Common Stock subject to the unexercised portion of the Company Option multiplied by the Applicable Conversion Ratio for Company Common Stock (with any fraction resulting from such multiplication to be rounded down to the nearest whole number).

• In the event of a Trigger Event during the Period of Employment, Executive's Then Effective Ownership Percentage shall equal the product of: - the quotient of (x) Executive's Maximum Bonus Equivalent divided by (Y) the Total Shares of Common Stock Outstanding; - multiplied by, the Applicable Conversion Ratio for the Terminal Equity Value for such Trigger Event.

• The exercise price per share of each Parent Option as so assumed and converted shall be equal to the exercise price of the Company Option prior to the assumption divided by the Applicable Conversion Ratio (rounded up to the nearest whole cent), and the vesting schedule shall be the same as that of the Company Option that is converted into the Parent Option.

• Date of Conversion: Applicable Conversion Ratio: Number of shares of Series C Preferred Stock to be Converted: Number of shares of Common Stock to be Issued: Signature: Name: 2 Delete bracketed language if this Notice of Conversion is used with respect to uncertificated shares.

More Definitions of Applicable Conversion Ratio

Applicable Conversion Ratio means the number of shares of Common Stock to be received upon the conversion of each share of Series 2011 Preferred Stock determined by dividing $500 by the greater of (i) $4.00 or (ii) the Closing Price of the Common Stock on the Trading Day immediately preceding the date of issuance of such share of Series 2011 Preferred Stock, plus cash in lieu of fractional shares, subject to adjustment as set forth herein.

Applicable Conversion Ratio means the number of shares of Common Stock to be received upon the conversion of each share of Series 2009 Preferred Stock determined by dividing $1,000 by the greater of (i) $6.00 or (ii) the consolidated closing bid price of the Corporation’s Common Stock quoted on the Nasdaq Capital Market immediately preceding the Series 2009 Issuance Date, plus cash in lieu of fractional shares, subject to adjustment as set forth herein.

Applicable Conversion Ratio with respect to each series of Preferred Stock, the sum of the Fixed Conversion Ratio and the Variable Conversion Ratio applicable to each such series.

Applicable Conversion Ratio means the number of shares of Common Stock to be received upon the conversion of each share of Series 2009 Preferred Stock determined by dividing $1,000 by $5.50, plus cash in lieu of fractional shares, subject to adjustment as set forth herein.

Applicable Conversion Ratio means (i) for each share of Company Series A Preferred Stock and Company Series A-1 Preferred Stock, a number equal to 1.21558791, (ii) for each share of Company Series A-2 Preferred Stock, a number equal to 1.07046892, and (iii) for each share of Company Common Stock, Company Series B Preferred Stock, Company Series C Preferred Stock and Company Series D Preferred Stock, a number equal to 1.