Automatic Conversion Amount definition

Automatic Conversion Amount means, as of the applicable date of determination, with respect to a particular Holder, a number of shares of Series A Preferred Stock equal to (i) the product of (1) the Aggregate Automatic Conversion Amount multiplied by (2) such Holder’s Pro Rata Amount (with such product being rounded to the nearest whole number) or (ii) all shares of Series A Preferred Stock then held by such Holder only if such number of shares of Series A Preferred Stock then held by such Holder is less than the amount determined under the immediately preceding clause (i) (as applicable).
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Automatic Conversion Amount means the sum of (i) the principal amount of the Debenture then outstanding, (ii) accrued but unpaid interest and (iii) accrued but unpaid liquidated damages.
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Examples of Automatic Conversion Amount in a sentence

  • In the event that a Holder elects to convert such Holder’s Automatic Conversion Amount prior to the applicable Automatic Conversion Date as set forth in the immediately preceding sentence, the Automatic Conversion Amount so converted shall be deducted from the Automatic Conversion Amount(s) relating to the applicable Automatic Conversion Date(s) as set forth in the applicable Conversion Notice.

  • All Conversion Amounts converted by the Holder after the Automatic Conversion Notice Date shall reduce the Automatic Conversion Amount of this Note required to be converted on the Automatic Conversion Date.

  • Notwithstanding anything to the contrary in this Section 6(b), but subject to 4(e), until the Company delivers Common Stock representing all of such Holder’s Automatic Conversion Amount to such Holder pursuant to an Automatic Conversion, such Holder’s Automatic Conversion Amount may be converted by such Holder into Common Stock pursuant to Section 4.

  • Whenever the Company shall be required to issue and deliver shares for the Automatic Conversion Amount, the QPO True-Up Amount, or the Non-QPO True-Up Amount, the Company shall issue and deliver such shares in accordance with the requirements of Section 6 of the Certificate as if such shares were being issued upon conversion of the Preferred Stock in accordance with the Certificate.

  • In the event that the initial holder of any Notes shall sell or otherwise transfer any of such holder’s Notes, the transferee shall be allocated a pro rata portion of such holder’s Automatic Conversion Allocation Percentage and Pro Rata Automatic Conversion Amount.

  • If the Company elects, or is required to elect, a Company Redemption in accordance with Section 6(a), then each Holder’s Automatic Conversion Amount shall be redeemed by the Company on the applicable Automatic Conversion Date for, and the Company shall pay to each such Holder on such Automatic Conversion Date by wire transfer of immediately available funds, an amount in cash equal to 115% of the aggregate Conversion Amount of such Holder’s Automatic Conversion Amount (the “Company Redemption Price”).

  • Notwithstanding anything to the contrary in this Section 6(c), but subject to Section 4(e), until the Company Redemption Price is paid in full, such Holder’s Automatic Conversion Amount may be converted, in whole or in part, by such Holder into Common Stock pursuant to Section 4.

  • On the 30th day after the Second Closing Date and each 30th day thereafter until the 360th day after the Second Closing Date (each such date an "Automatic Conversion Date"), provided an Event of Default under the Note or this Agreement has not occurred, one-twelfth (1/12th) of the principal amount of the Notes (each an "Automatic Conversion Amount") shall automatically be converted into Shares at the Conversion Price in effect on the respective Automatic Conversion Dates ("Automatic Conversions").

  • If, on any Automatic Conversion Date, the Conversion Price is less than $1.00 per share, Lender may, at his election and upon written notice to Maker, convert the Automatic Conversion Amount into shares of Accentia Common Stock (also, the “ Conversion Shares”) at a conversion rate equal to $1.00 per share of Accentia Common Stock (i.e., Lender will receive that number of shares of Accentia Common Stock determined by dividing the Automatic Conversion Amount by $1.00).

  • On each Automatic Conversion Date, the outstanding Principal Amount of this Note shall be reduced by the Automatic Conversion Amount (excluding the accrued interest).

Related to Automatic Conversion Amount

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

  • 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.

  • Conversion Amount means the sum of the Stated Value at issue.

  • Automatic Conversion means the irrevocable and automatic release of all of the Company’s obligations under the Securities (other than the CSO Obligations, if any) in consideration of the Company’s issuance of the Conversion Shares at the Conversion Price to the Conversion Shares Depository (on behalf of the Holders and Beneficial Owners of the Securities) or to the relevant recipient of such Conversion Shares, all in accordance with the terms of the Securities.

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

  • Series A Conversion Rate means, as adjusted pursuant to Section 5.8(b)(vi)(E), the number of Common Units issuable upon the conversion of each Series A Preferred Unit, which shall be the quotient of (a) the sum of (i) the Series A Issue Price, plus (ii) any Series A Unpaid Distributions on the applicable Series A Preferred Unit, plus (iii) only for purposes of the definition of “Series A COC Conversion Rate,” any Series A Partial Period Distributions on the applicable Series A Preferred Unit, divided by (b) the Series A Issue Price.

  • Automatic Early Redemption Amount means the Automatic Early Redemption Amount specified in the relevant Final Terms.

  • Final Preference Share Redemption Amount means, subject to the provisions of the Articles and the Conditions, in respect of each Preference Share, an amount expressed in the Settlement Currency determined by the Calculation Agent equal to the Notional Amount multiplied by:

  • Early Preference Share Redemption Amount means, subject to the provisions of the Articles and the Conditions, in respect of each Preference Share, an amount expressed in the Settlement Currency calculated by the Calculation Agent as the fair market value (calculated without taking into account the creditworthiness of the Company) of a Preference Share as of the Early Preference Share Valuation Date taking into account such factor(s) as the Calculation Agent determines appropriate, including, but not limited to, the relevant Early Preference Share Redemption Event after deducting any Associated Costs (to the extent not already reflected in such fair market value).

  • 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.

  • Series A Conversion Price shall initially be equal to $0.71. Such initial Series A Conversion Price, and the rate at which shares of Series A Preferred Stock may be converted into shares of Common Stock, shall be subject to adjustment as provided below.

  • 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:

  • Series B Conversion Price means, as of the applicable Conversion Date, the greater of (A) the average of the Market Values of the Common Stock for the five consecutive Trading Days preceeding (but not including) such Conversion Date, or (B) the then effective Series B Minimum Conversion Price.

  • 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.

  • 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.

  • 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.

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

  • Fixed 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.

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

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

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

  • Final Preference Share Redemption Date means the date that falls twenty Business Days following the Valuation Date on which the Calculation Agent has determined the Final Preference Share Redemption Amount or, if earlier, the first Auto-Call Valuation Date on which an Auto-Call Trigger Event has occurred.

  • Mandatory Conversion Notice has the meaning ascribed thereto in Section 4.5(a);

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

  • Automatic Early Redemption Event means that: