Conversion Share Amount definition
Examples of Conversion Share Amount in a sentence
The number of Class H Preferred shares in respect of any such Automatic Conversion to be received by such Stockholder shall be equal to the Conversion Share Amount (y) multiplied by the latest Agreed Price (z) divided by the Class H Stated Value.
The Sponsor and Insiders further agree that to the extent that the size of the Public Offering is increased or decreased, the Company will effect a share capitalization or a share repurchase, as applicable, with respect to the Founder Shares immediately prior to the consummation of the Public Offering in such amount as to maintain the number of Founder Shares at one ninth (1/9) of the Public Shares and the number of Class L Ordinary Shares equal to four times (4x) the Class L Conversion Share Amount.
These calculations include, but are not limited to, determinations of the Last Reported Sale Prices of the Common Stock, the Daily VWAPs, the Daily Conversion Values, the Daily Settlement Amounts, the First Mandatory Conversion Share Amount, the Daily First Mandatory Conversion Shares, the Daily Mandatory Conversion Price, the Daily Mandatory Conversion Rate, accrued interest payable on the Notes and the Conversion Rate of the Notes.
If, after reaching the Maximum Conversion Share Amount, there remains a balance due under the Purchased Debt, such remaining balance is not convertible and will be required to be paid in cash by the Guarantor.
Subject to the limitations expressed in the first sentence of this subsection 6(a), the Conversion and Interest Payment Amount shall automatically convert into and be payable with Underlying Shares on each Conversion Date (in each case based on the Conversion Share Amount and Conversion Price applicable to such Conversion Date).