Conversion Rate definition

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

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 initially means 2,702.7027 shares of Common Stock per $1,000 Principal Amount of Notes; Notwithstanding anything to the contrary herein, the Conversion Rate is subject to adjustment pursuant to Section 8 at all times, and whenever this Note 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.

Examples of Conversion Rate in a sentence

• To the extent such dividend or distribution is declared but not made or paid, the Conversion Rate will be readjusted to the Conversion Rate that would then be in effect had the adjustment been made on the basis of only the dividend or distribution, if any, actually made or paid.

• If the Board of Directors determines to increase the Conversion Rate pursuant to Section 5.06(A), then, no later than the first Business Day of the related twenty (20) Business Day period referred to in Section 5.06(A), the Company will send notice to each Holder, the Trustee and the Conversion Agent of such increase, the amount thereof and the period during which such increase will be in effect.

• To the extent any dividend or distribution of the type set forth in this Section 5.05(A)(iii)(2) is declared but not made or paid, the Conversion Rate will be readjusted to the Conversion Rate that would then be in effect had the adjustment been made on the basis of only the dividend or distribution, if any, actually made or paid.

• The Company will not engage in or be a party to any transaction or event that would require the Conversion Rate to be adjusted pursuant to Section 5.05(A) or Section 5.07 to an amount that would result in the Conversion Price per share of Common Stock being less than the par value per share of Common Stock.

• All calculations with respect to the Conversion Rate and adjustments thereto will be made to the nearest 1/10,000th of a share of Common Stock (with 5/100,000ths rounded upward).

More Definitions of Conversion Rate

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 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).If such a Conversion Rate is not determined or published or if the method of calculating the Conversion Rate changes materially or the time of the regular publication is changed by more than 30 minutes, the Calculation Agent shall specify the Conversion Rate applicable at the time of determination of the Reference Price on the Valuation Date in its reasonable discretion.Exercise Agent shall mean Bank Vontobel AGfor the attention of Corporate Actions Gotthardstrasse 438002 Zurich SwitzerlandTelephone: +41 (0)58 283 74 90Fax: +41 (0)58 283 51 60 Exercise Cut-Off Date shall mean each tenth (10th) Business Day before an Exercise Date.Exercise Dates shall mean the last Business Day in each calender month, commencing as of 31 August 2020.Exercise Time is 11:00 am (local time Stockholm)Governing Law The Securities shall be governed by German Law.Issue Date shall be 19 August 2020.Issue Size (up to) 9,750,000 Securities which shall be consolidated and form a single issue pursuant to § 13 of the General Conditions with the Securities issued on 28 July 2020 (ISIN DE000VP6EKA3 / WKN VP6EKA / Valor 56164752). The new TotalIssue Size shall amount to 10,000,000 Securities.Maturity Date shall be the ninth (9th) Business Day following the Valuation Date.Minimum Exercise Number 1 SecurityRatio The Ratio shall be expressed as a number and shall amount to 0.25.Reference Price The Reference Price shall be the relevant price of the Underlying for the purpose of determining and calculating the Cash Amount and shall correspond to the index closing value determined and published by the Index Calculation Agent on the Valuation Date.Registry Type Swedish Registered SecuritiesSettlement Currency of the Securities shall mean SEK.Termination Cut-Off Date shall be ten (10) Business Days prior to the relevant Termination Date. Termination Date shall mean the last Business Day in each calender month, commencing as of 31August 2020.Underlying 8X Short Index linked to Tesla Inc. V12 ISIN Underlying: CH0506683777Currency of the Underlying:USD ID-725073992-7250739923/4 Final Terms dated 18 August 2020 / DE000VP6EKA3 Vontobel Valuation Date: shall mean

Conversion Rate has the meaning specified in Section 11.01.

Conversion Rate means initially 166.6667 shares of Common Stock per $1,000 principal amount of Securities, subject to adjustment as set forth herein.

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 means the rate at which shares of Common Stock shall be delivered upon conversion, which rate shall be initially 147.0859 shares of Common Stock for each $1,000 principal amount of Notes, as adjusted from time to time pursuant to the provisions of this Indenture.