Conversion Price definition
Examples of Conversion Price in a sentence
Each of the Issuer and the Initial Subscriber hereby acknowledge and agree that the initial Conversion Price (as defined in the First Tranche Conditions, and rounded down (if necessary) to the nearest whole multiple of €0.0001) shall be equal to 125 per cent.
To the extent that the aggregate amount of cash deposited by the Company pursuant to this Article IV exceeds the aggregate Conversion Price of the Notes or portions thereof that the Company is obligated to purchase as of the Conversion Date then, following the Conversion Date the Paying Agent shall promptly return any such excess to the Company pursuant to the standing instructions that the Company has on file with the Trustee.
The extent that such Special Distribution is not so made or to the extent any such rights, options or warrants are not exercised prior to the expiration thereof, the Conversion Price shall then be readjusted to the Conversion Price which would then be in effect if such record date had not been fixed or if such expired rights, options or warrants had not been issued.
To the extent that such Rights Offering is not made or any such rights, options or warrants are not exercised prior to the expiration thereof, the Conversion Price shall then be readjusted to the Conversion Price which would then have been in effect if such record date had not been fixed or if such expired rights, options or warrants had not been issued.
If the Debentureholder elects, in its sole and absolute discretion, Interest may be paid in Class B shares at the Conversion Price in effect on the date of such payment.