Conversion Percentage definition

Conversion Percentage means, (A) the number of Class B Ordinary Shares being converted, divided by (B) the total number of Class B Ordinary Shares issued and outstanding (i.e. up to 1,000).

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Conversion Percentage shall have the meaning ascribed to it in Section 2.4(d)(ii).

Conversion Percentage has the meaning set forth in Section 2.04(f)(ii).

Examples of Conversion Percentage in a sentence

• Effective as of the Conversion Date, the number of Contingent Conversion Units held by such holder multiplied by the Conversion Percentage shall convert into OP Units.

• By way of example, if the Lease-Up NOI is $6,000,000 for the first Measurement Period and $7,000,000 for the second Measurement Period, the Conversion Percentage shall equal approximately 20% for the first Measurement Period ($6,000,000 minus $5,100,000 with the remainder divided by $4,600,000) and shall equal approximately 21% for the second Measurement Period ($7,000,000 minus $5,100,000 with the remainder divided by $4,600,000 and 20% subtracted from the result 41%.).

• Within 30 days after the end of each quarter beginning with the quarter ending March 30, 2006 and ending with the quarter ending December 31, 2008, the Parent shall calculate the Lease-Up NOI over the 12-month period ending in such quarter (each such 12-month period being referred to as a “Measurement Period”) and the applicable Conversion Percentage.

• The "Conversion Percentage" shall be a fraction, the numerator of which is the "Allowable Conversion Maximum" (as defined in the next sentence) and the denominator of which is the total number of shares of Preferred Stock outstanding prior to such conversion.

• In such event, such EBITDA Calculation, as the same may have been adjusted or modified, as aforesaid (the “Final EBITDA Calculation”) shall serve as the basis for the final Conversion Percentage and total number of shares of Fully-Diluted CCI Common Stock into which the Series D Preferred Stock shall be converted pursuant to Section 1.5(e) of this Agreement and the CCI Series D Preferred Stock Certificate of Designations.

More Definitions of Conversion Percentage

Conversion Percentage means 85%; provided, however, that, notwithstanding any other provision hereof, if a Registration Event occurs, then such percentage stated above shall be permanently reduced by two percentage points on each Computation Date (pro rated in the case of any Computation Date which is less than 30 days after a Registration Event occurs or less than 30 days after another Computation Date).

Conversion Percentage means 82.5%;

Conversion Percentage means (A) prior to the first anniversary of the issuance of the Notes (such issuance date of the Notes, the “Issuance Date”), 87.5%, (B) on or after the first anniversary and prior to the second anniversary of the Issuance Date, 75%, and (C) on or after the second anniversary of the Issuance Date, 62.5%.

Conversion Percentage means 100%, subject to adjustment as provided herein.

Conversion Percentage has the meaning set forth in Section 4.7.C hereof.

Conversion Percentage means 80% as adjusted as described herein;

Conversion Percentage means the lesser of: (i) 100% and (ii) with rounding down to the nearest percentage, the product of 100 multiplied by the quotient of (a) the Spin-Off Value (as defined below) minus the Base Value (as defined in your TFIO Performance Cash Award Agreement), divided by (b) the Base Value.