Class A Conversion Price definition

Class A Conversion Price means, as of any date of determination, an amount equal to the quotient obtained by dividing the Class A Convertible Preferred Unit Liquidation Preference Amount by the Class A Convertible Preferred Unit Conversion Factor. As of the date of this Agreement, the initial Class A Conversion Price is $3.49 (i.e., $25.00 divided by 7.1717).

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Class A Conversion Price means the greater of (a) the Adjusted VWAP Price and (b) $5.00 (subject to adjustment for any splits, combinations or recapitalizations).

Class A Conversion Price has the meaning specified in Section 14.1 hereof.

Examples of Class A Conversion Price in a sentence

In lieu of any fractional Common Units to which the holder would otherwise be entitled, the Partnership shall pay cash equal to such fraction multiplied by the Class A Conversion Price.
In lieu of any fractional shares to which the holder would otherwise be entitled, the Partnership shall pay cash equal to such fraction multiplied by the Class A Conversion Price.
If the Company, at any time or from time to time after the Class A Preferred Share Original Issue Date, combines the outstanding Common shares, the Class A Conversion Price in effect immediately before the combination shall be proportionately increased so that the number of Common shares issuable on conversion of each share of such class be decreased in proportion to such decrease in the aggregate number of Common shares outstanding.
Upon any adjustment of the Class A Conversion Price, the Corporation shall give written notice thereof, by first class mail, postage prepaid, addressed to each holder of shares of Class A Preferred Stock at the address of such holder as shown on the books of the Corporation, which notice shall state the Class A Conversion Price resulting from such adjustment, setting forth in reasonable detail the method of calculation and the facts upon which such calculation is based.
The price at which Common Shares shall be deliverable upon conversion (the "Class A Conversion Price") shall initially be $0.375.
No adjustment of the Class A Conversion Price, however, shall be made in an amount less than $0.001 per share, and any such lesser adjustment shall be carried forward and shall be made at the time and together with the next subsequent adjustment which together with any adjustments so carried forward shall amount to $0.001 per share or more.
Each Class A Preferred share may be converted, at the option of its holder, at any time and from time to time, and without the payment of additional consideration by its holder, into such number of fully paid and non-assessable Common shares as is determined by dividing the Class A Preferred Share Original Issue Price by the Class A Conversion Price (as defined below) in effect at the time of conversion.
No adjustment in either the Class A Conversion Price or the Class B Conversion Price shall be made in respect of the issuance of Additional Common Shares unless the Net Cash Consideration (as defined below) per share for an Additional Common Share issued or deemed to be issued by the Corporation is less than the Class A Conversion Price or Class B Conversion Price, as the case may be, in effect on the date of, and immediately prior to such issue for such Special Shares.
For greater certainty, the applicable Class A Conversion Price of each series shall be adjusted as provided above only to the extent required under this Section 27.3(9).
The Class A Conversion Price will be adjusted in accordance with the provisions set out in these articles.

More Definitions of Class A Conversion Price

Class A Conversion Price means, subject to Section 5.12(d)(x), the Class A Preferred Unit Price; provided, however, that if the VWAP Price for the fifteen (15) consecutive trading days ending on the trading day immediately preceding the Initial Conversion Date is less than the Class A Preferred Unit Price (such price, the “Adjusted VWAP Price”), then at all times on and after the Initial Conversion Date, “Class A Conversion Price” shall mean the greater of (a) the Adjusted VWAP Price and (b) $5.00 (subject to adjustment for any splits, combinations or recapitalizations).

Class A Conversion Price has the meaning set forth in Section 10.4(b).

Class A Conversion Price means $3.3402.

Class A Conversion Price has the meaning specified in Section 3.9(d).