Conversion Basis definition
Examples of Conversion Basis in a sentence
The Company agrees that so long as any Debenture remains outstanding, it will give notice to the Holder, in the manner provided in Article 9, and the Transfer Agent of its intention to fix a record date for any event mentioned in Section 5.4 which may give rise to an adjustment in the Conversion Basis, and, in each case, such notice shall specify the particulars of such event and the record date and the effective date for such event.
In the absence of agreement as to the applicable Conversion Basis, Inc shall not be obliged to subscribe for any Convertible Loan Notes.
In the case of each partial prepayment of the Notes pursuant to Section 8.2, the principal amount of the Notes to be prepaid shall be allocated among all of the Notes at the time outstanding in proportion, as nearly as practicable, to the respective unpaid principal amounts (determined, in the case of Notes denominated in Euros, on the Sterling Conversion Basis) thereof not theretofore called for prepayment.
The Corporation shall exhibit a copy of such Certificate of the Corporation, from time to time, to any holder of First Preferred Shares, Series A desiring to inspect the same, and shall give notice of any such adjustment of the Current Conversion Price and the resulting adjustment of the Current Conversion Basis to the holders of First Preferred Shares, Series A in the manner provided in Article 13.00.
The Company may, at its option, upon notice as provided below, prepay at any time all, or from time to time any part of, the Notes, in an amount not less than 5% of the aggregate principal amount of the Notes then outstanding (determined, in the case of Notes denominated in Euros, on the Sterling Conversion Basis) in the case of a partial prepayment, at 100% of the principal amount so prepaid, plus the Make-Whole Amount, if any, determined for the prepayment date with respect to such principal amount.