Conversion Average Price definition

Conversion Average Price of Common Stock means, with respect to any conversion of Notes, the average of the Sale Prices of the Common Stock over the Conversion Averaging Period.
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Conversion Average Price of Common Stock means, with respect any conversion of Notes, the average of the Sale Prices of the Common Stock over the 20 Trading Day period (i) with respect to a Conversion Date occurring during the period beginning on the date the Company gives a notice of redemption and ending on the close of business on the Business Day prior to the applicable Redemption Date, beginning on the Redemption Date; and (ii) in all other cases, beginning on the third scheduled Trading Day immediately following the applicable Conversion Date for such conversion of Notes.
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Examples of Conversion Average Price in a sentence

  • In order to accept any such Notes, the designated institution must agree to deliver, in exchange for such Notes, a number of shares of Common Stock equal to the Conversion Rate in effect at such time, or at its option, cash or a combination of cash and shares of Common Stock in lieu thereof, calculated based on the Conversion Average Price, plus cash for any fractional shares.

  • To the extent that the Optional Conversion Additional Conversion Amount exceeds the product of the number of additional shares and the Optional Conversion Average Price, the Corporation shall pay such excess amount in cash if the Corporation is legally able to do so.

  • The Company shall also deliver cash in lieu of any fractional shares of Common Stock issuable in connection with any conversion of Notes based upon the Conversion Average Price.

  • To the extent that the cash amount of the accumulated and unpaid dividends for all Dividend Periods ending on a Dividend Payment Date prior to the relevant conversion date exceeds the value of the product of the number of additional shares added to the Conversion Rate and the Early Conversion Average Price, the Issuer will not have any obligation to pay the shortfall in cash.

  • If the Company elects to pay cash upon conversion, such payment will be based on the Conversion Average Price of the Common Stock.

  • If the Company elects cash settlement, the Conversion Settlement Date on which it will deliver to converting Holders the cash and shares of Common Stock, if any, together with the cash or shares, if applicable, with respect to any Redemption Make Whole Amount, shall be the third Business Day following the determination of the Conversion Average Price.

  • To the extent that the Early Conversion Additional Conversion Amount exceeds the product of such number of additional units and the Early Conversion Average Price, the Partnership shall not have any obligation to pay the shortfall in cash or deliver Class A Units in respect of such shortfall.

  • To the extent that the Optional Conversion Additional Conversion Amount exceeds the product of the number of additional shares and the Optional Conversion Average Price, the Corporation will not have any obligation to pay the shortfall in cash.

  • To the extent that the Early Conversion Additional Conversion Amount exceeds the product of the number of additional shares of Common Stock and the Early Conversion Average Price, the Corporation shall not have any obligation to pay the shortfall in cash.

  • To the extent that the Early Conversion Additional Amount exceeds the value of the product of the number of additional shares added to the conversion rate and the Early Conversion Average Price, the Issuer will not have any obligation to pay the shortfall in cash or any other consideration.