Class A Conversion Rate definition

Class A Conversion Rate means, as adjusted pursuant to Section 5.12(b)(iv)(F), the quotient of (a) the sum of (i) the Class A Issue Price, plus (ii) any Class A Unpaid Distributions on the applicable Class A Preferred Unit, divided by (b) the Class A Issue Price.
Class A Conversion Rate has the meaning specified in Section 14.1 hereof.
Class A Conversion Rate means the ratio at which Class A Shares are converted into Ordinary Shares which shall be ten (10) Class A Shares for one (1) Ordinary Share, subject to such adjustments as may be made from time to time in accordance with this Agreement and the Articles;

Examples of Class A Conversion Rate in a sentence

The Class A Conversion Rate shall entitle the holder of Class A Common Stock to convert such shares into that number of shares of Common Stock equal to the product of (x) the number of shares of Class A Common Stock held by such holder, multiplied by (y) the Class A Conversion Rate.

Notwithstanding anything in this Agreement to the contrary, whenever the issuance of Partnership Securities or another event would require an adjustment to the Class A Conversion Rate under one or more provisions of this Agreement, only one adjustment shall be made to the Class A Conversion Rate in respect of such issuance or event.

For purposes of the Conversion Rights, the Class A Conversion Rate shall initially be equal to one (1), subject to further adjustment as may be required pursuant to subsections 4(e), (f), (g) and (h) of this Article V.

Immediately before liquidation of the Partnership, Class A Units will automatically convert to Class M-I Units at the Class A Conversion Rate, Class A-I Units will automatically convert to Class M-I Units at the Class A-I Conversion Rate, Class M Units will automatically convert to Class M-I Units at the Class M Conversion Rate and Class D Units will automatically convert to Class M-I Units at the Class D Conversion Rate.

Each Class A Preferred Unit converted into Common Units pursuant to this Section 5.12(d)(i) shall be converted into a number of Common Units equal to the Class A Conversion Rate then in effect.


More Definitions of Class A Conversion Rate

Class A Conversion Rate means a number of Common Units, rounded down to the nearest whole number, equal to the quotient of (a) the Class A Preferred Unit Price divided by (b) the Class A Conversion Price.
Class A Conversion Rate means the number (calculated to the third decimal place, and the digit in the third decimal place will be omitted) obtained by dividing the Class A Investment Amount (defined in 13.(2) below; hereinafter the same) at that time by the Class A Conversion Price (defined in 15.(3) below; hereinafter the same).
Class A Conversion Rate means the number obtained by dividing the Redemption Amount by the issue price of the Corporation's treasury securities under the IPO; and
Class A Conversion Rate means, for each share of Capital Stock of the Corporation that is convertible at the Class A Conversion Rate, one fully paid and non-assessable share of Class A Common Stock of the Corporation. In case the Corporation shall at any time subdivide (by any stock split, stock dividend or otherwise) its
Class A Conversion Rate means the fraction, the numerator of which is the Net Asset Value Per Unit for each Class A Unit and the denominator of which is the Net Asset Value Per Unit for each Class M-I Unit.
Class A Conversion Rate has the meaning given in section 2.3.3;
Class A Conversion Rate means, for each share of Capital Stock of the Corporation that is convertible at the Class A Conversion Rate, one fully paid and non-assessable share of Class A Common Stock of the Corporation. In case the Corporation shall at any time subdivide (by any stock split, stock dividend or otherwise) its outstanding shares of Class A Common Stock into a greater number of shares, the Class A Conversion Rate in effect immediately prior to such subdivision shall be proportionately increased, and, conversely, in case the outstanding shares of Class A Common Stock shall be combined into a smaller number of shares, the Class A Conversion Rate in effect immediately prior to such combination shall be proportionately reduced.