Conversion Market Price definition

Conversion Market Price means the greater of (a) the Market Price on the Trading Day immediately preceding the Conversion Date, or (b) the Floor Price.
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Conversion Market Price means the average of the three (3) lowest VWAPs over the fifteen (15) consecutive Trading Day period immediately preceding the date in question.
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Examples of Conversion Market Price in a sentence

  • If the Conversion Market Price is less than the Floor Market Price, then unless the Holder elects to have the Conversion Market Price equal the Floor Market Price or the Company and the Holder otherwise mutually agree in writing, no Additional Shares shall be issued under Section 6(c)(iii) and the Company shall pay to the Holder within 5 Trading Days following the Adjustment Date, an amount equal to the Mandatory Conversion Amount.

  • Consider a payer swaption, with notional N , which matures at some future time T0 and has a strike rate K.

  • For the purposes of calculating any cash payment under this Section 6(c)(iii), the Additional Shares shall have a price per share equal to the Conversion Market Price.

  • The "Conversion Price" shall equal the lesser of (i) a price (the “Fixed Conversion Price”) equal to 90% of the Conversion Market Price (as defined in Section 1) on the Original Issuance Date as stated on page 1 of the Debenture or (ii) a price equal to 90% of the Conversion Market Price (as defined in Section 1) of the Common Stock on the applicable Conversion Date.

  • Date of Conversion:___________________________________ Market Price Days:____________________________________ Applicable Conversion Price:__________________________ Number of Shares of Common Stock to be Issued Pursuant to (i) Conversion of the Debentures:_________ (ii) exercise of Investment Options:__________________ Signature:____________________________________________ Name:________________________________________ Address:_____________________________________ AGREED AND ACKNOWLEDGED: NETTAXI, INC.

  • If courier services are desired for the return receipt, the exporter or ex- porter’s assignee must also submit a self-addressed courier service order Commodity Credit Corporation, USDA § 1493.400 which includes the recipient’s billing code for such service.

  • If the Company elects to pay a Holder cash, the Company shall deposit with the Conversion Agent (or, if the Company or a Subsidiary or an Affiliate of either of them is acting as the Conversion Agent, shall segregate and hold in trust as provided in Section 1003) cash sufficient to pay the aggregate Conversion Market Price due and owing as of the close of business no later than on the eighth Business Day following the Conversion Date.

Related to Conversion Market Price

  • Market Price as of any date, (i) means the average of the last reported sale prices for the shares of Common Stock on the OTCBB for the five (5) Trading Days immediately preceding such date as reported by Bloomberg, or (ii) if the OTCBB is not the principal trading market for the shares of Common Stock, the average of the last reported sale prices on the principal trading market for the Common Stock during the same period as reported by Bloomberg, or (iii) if market value cannot be calculated as of such date on any of the foregoing bases, the Market Price shall be the fair market value as reasonably determined in good faith by (a) the Board of Directors of the Company or, at the option of a majority-in-interest of the holders of the outstanding Warrants by (b) an independent investment bank of nationally recognized standing in the valuation of businesses similar to the business of the corporation. The manner of determining the Market Price of the Common Stock set forth in the foregoing definition shall apply with respect to any other security in respect of which a determination as to market value must be made hereunder.

  • Conversion Price shall have the meaning set forth in Section 4(b).

  • Conversion and “Converted” each refers to a conversion of Advances of one Type into Advances of the other Type pursuant to Section 2.08 or 2.09.