Examples of Conversion Payment in a sentence
Upon Closing, Maker agrees to deliver to Holder the following consideration ("Conversion Payment").
If the Interest Payment Date for which interest deferral is proposed is also the Conversion Date, no election to defer interest due on that date shall be effective unless the Company shall have converted the interest rate on the Securities and paid in full any Conversion Payment due in connection with the conversion.
The amount of the First Payment, Cash Back Amount and Conversion Cash Back / Conversion Payment will vary accordingly from time to time.Factors that affect the First Payment, Cash Back Amount and Conversion Cash Back / Conversion Payment may include the market price of the shares, price volatility, interest rates, dividends and time to expiry and it is difficult to predict the exact effect that these factors may have.
This is because the amount of the First Payment or Cash Back Amount or Conversion Cash Back / Conversion Payment will depend on a variety of factors at the time of the Application, including the market price of the relevant Series of Underlying Entities’ Shares, the volatility of that price and the time to the Expiry Date.
The Confirmation shall either (a) confirm that the Additional Conversion Obligations shall be paid in Additional Conversion Shares or (b) specify the amount of the Additional Conversion Obligations that shall be paid as a Cash Additional Conversion Payment and the amount of Additional Conversion Obligations, if any, that shall be paid in Additional Conversion Shares.