Conversion Rate definition

Conversion Rate shall have the meaning specified in Section 14.01(a).

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Conversion Rate initially means 6.0118 ADSs per $1,000 principal amount of Notes; provided, however, that the Conversion Rate is subject to adjustment pursuant to Article 5; provided, further, that whenever this Indenture refers to the Conversion Rate as of a particular date without setting forth a particular time on such date, such reference will be deemed to be to the Conversion Rate immediately after the Close of Business on such date.

Conversion Rate means, initially, 212.7660 shares of Common Stock per $1,000 principal amount of Notes, subject to adjustment as provided herein.

Examples of Conversion Rate in a sentence

The Company shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock (or shares of Common Stock held in treasury), free from preemptive rights, a number of shares of Common Stock sufficient to permit conversion of the entire Outstanding Principal Amount of this Note at the Conversion Rate then in effect (after giving effect to any adjustment pursuant to Section 3.7).
Whenever the Conversion Price is adjusted as provided under this Section 3.7, the Calculation Agent shall (within five Business Days following such adjustment) deliver to the Holder and the Company a written notice setting forth in reasonable detail: (i) the event requiring the adjustment; (ii) the adjusted Conversion Price and the corresponding Conversion Rate; and (iii) the effective date of such adjustment.
Any increase in the Conversion Rate pursuant to this Section 3.5 shall apply only to conversions occurring during the Make-Whole Fundamental Change Conversion Period and shall terminate upon the expiration of such period.
The Calculation Agent shall have the authority and responsibility to: (i) calculate all anti-dilution adjustments under Section 3.7; (ii) determine the Make-Whole Conversion Rate under Section 3.5; (iii) determine the value of Conversion Shares and any Redemption Value Shortfall pursuant to Section 4.4; (iv) determine the Maturity Conversion Price under Section 5.2; and (v) perform such other calculations and determinations as are expressly assigned to the Calculation Agent under this Note.
Not later than 45 calendar days prior to the Maturity Date, the Company shall deliver to the Holder a written notice reminding the Holder of (i) the upcoming Put Election Window, (ii) the estimated Accrued Value as of the Maturity Date, (iii) the Conversion Rate then in effect, and (iv) the consequences of not exercising the put right (i.e., the settlement of the Accrued Value in Common Stock described in Section 5.2).

More Definitions of Conversion Rate

Conversion Rate initially means 83.3333 shares of Common Stock per $1,000 principal amount of Notes; provided, however, that the Conversion Rate is subject to adjustment pursuant to Article 5; provided, further, that whenever this Indenture refers to the Conversion Rate as of a particular date without setting forth a particular time on such date, such reference will be deemed to be to the Conversion Rate immediately after the Close of Business on such date.

Conversion Rate means the relevant conversion rate as determined by Bloomberg Index Services Limited for the Valuation Date and as published on the website http://www.bloomberg.com/markets/currencies/fx-fixings around 2:00 pm (local time Frankfurt am Main) (BFIX).

Conversion Rate has the meaning assigned to such term in the Indenture.

Conversion Rate means the price of USD 1.00 in SEK, as actually traded on the international interbank spot market on the Valuation Date at such point in time at which the Reference Price of the Underlying is determined and published.

Conversion Rate has the meaning specified in Section 15.04.

Conversion Rate has the meaning specified in Section 11.01.

Conversion Rate means, at any time, on a 1 : 1 basis.