Examples of Conversion Share Value in a sentence
If the Lender Conversion Shares are delivered to Lender one hundred (100) days after the applicable Delivery Date, the total Conversion Delay Late Fees that would be added to the Outstanding Balance would be $40,000.00 (100 days multiplied by $500.00 per day, but capped at 200% of the Lender Conversion Share Value).
If the Conversion Shares are delivered to Lender one hundred (100) days after the applicable Delivery Date, the total Conversion Delay Late Fees that would be added to the Outstanding Balance would be $40,000.00 (100 days multiplied by $500.00 per day, but capped at 200% of the Conversion Share Value).
If the Lender Conversion Shares are delivered to Lender one hundred (100) days after the applicable Delivery Date, the total Conversion Delay Late Fees that would be added to the Outstanding Balance would be $20,000.00 (100 days multiplied by $500.00 per day, but capped at 100% of the Lender Conversion Share Value).
If the Conversion Shares are delivered to Lender one hundred (100) days after the applicable Delivery Date, the total Conversion Delay Late Fees that would be added to the Outstanding Balance would be $20,000.00 (100 days multiplied by $250.00 per day, but capped at 100% of the Conversion Share Value).
If the Conversion Shares are delivered to Lender one hundred and fifty (150) days after the applicable Delivery Date, the total Conversion Delay Late Fees that would be added to the Outstanding Balance would be $40,000.00 (150 days multiplied by $300.00 per day, but capped at 200% of the Conversion Share Value).
Notwithstanding the foregoing, in event the accrual of Conversion Delay Late Fees is the result of a force majeure event, the cumulative amount of Conversion Delay Late Fees for the applicable Conversion shall not exceed 20% of the applicable Conversion Share Value.
Securities Claim Conversion: the deemed conversion of Securities Claims into Holdings Common Stock with an aggregate Conversion Share Value equal to the Allowed amount of such Securities Claims.
Conversion Share Value: the per share value used to convert Securities Claims into shares of Holdings Common Stock, calculated by dividing the Liquidation Proceeds by the number of shares of Holdings Common Stock currently issued and outstanding as of the Effective Date.
In the event Borrower believes it cannot deliver Conversion Shares under applicable laws or for any other reason, Borrower shall also have the right to pay the Conversion Share Value to Lender in cash in lieu of delivering the applicable Conversion Shares.
If the Conversion Shares are delivered to Lender one hundred (100) days after the applicable Delivery Date, the total Conversion Delay Late Fees that would be added to the Outstanding Balance would be$40,000.00 (100 days multiplied by $500.00 per day, but capped at 200% of the Conversion Share Value).