Conversion Discount means either 80% if the closing of the Qualified Financing occurs on or prior to March 1, 2017, or 70% if the closing of the Qualified Financing occurs after March 1, 2017.
Conversion Discount means 0.80.
Conversion Discount means 2%, unless each Sustainability Performance Target has been met as at the applicable SPT Test Date, in which case the Conversion Discount will be 1%;
Examples of Conversion Discount in a sentence
The Mandatory Conversion Conditions are: • on the 25th Business Day before a possible Mandatory Conversion Date the VWAP (as defined in clause 9 of the Terms) of St. George Ordinary Shares (adjusted for the Conversion Discount) must be at least 55% of the Issue Price; and • over the 20 Business Days before a possible Mandatory Conversion Date, the VWAP of Ordinary Shares (adjusted for the Conversion Discount) must be at least 50% of the Issue Share Price.
More Definitions of Conversion Discount
Conversion Discount. Lesser of: (i) A fixed price determined to be 115% of the closing bid price of the common shares on the Closing date; or (ii) 30% discount off the average of the previous 5 day closing bid price prior to conversion.
Conversion Discount means the conversion discount to be applied to the Outstanding Amount to be set out in the ASX Announcement, with such discount being not more than 50% of the aggregate Outstanding Amount.
Conversion Discount means 0.7.
Conversion Discount means 10%.
Conversion Discount means on any date of determination the applicable percentage of the Market Price for conversion of shares of Series C Preferred Stock into Common Shares on such day as set forth in Section 6.1.
Conversion Discount has the meaning ascribed to it in Section 5.1 hereof;
Conversion Discount means the discount applied to the latest pre-money valuation, expressed in per cent., when determining the number of shares received by the Lender upon conversion of the Loan..