Converted Amount definition
Converted Amount shall have the meaning set forth in Section 8.3.
Converted Amount has the meaning assigned to such term in Section 10.01.
Converted Amount means, with respect to any exercise by a Lender of its conversion option pursuant to Section 2.01(d), the principal amount of the Loans such Lender chooses to convert into common equity of the Parent as a result of such exercise.
Examples of Converted Amount in a sentence
The relevant number of Conversion Shares will be determined by dividing the Converted Amount by the Equity Conversion Price, and rounding the result down to the nearest whole number of shares.
In such circumstances, upon delivery of the relevant number of Conversion Shares to the Lender, and the payment of any accrued but unpaid interest (which is not included in the Converted Amount) up to (but excluding) the Equity Conversion Date, any Break Costs and any other fees or expenses payable by the Borrower under this Agreement, accrued but not paid by the Borrower at such date, the Converted Amount shall be deemed repaid and discharged.
More Definitions of Converted Amount
Converted Amount means, with respect to any Security being converted, the principal amount of such Security or, if less than the entire principal amount of such Security is being converted, such portion of the principal amount thereof as is being converted.
Converted Amount means, with respect to a Term Loan, (i) if the Conversion Order specifies an amount of Total Internal TLAC to be converted, the product of the principal amount of the Term Loan and the lesser of (x) the quotient of the amount specified in the Conversion Order divided by Total Internal TLAC and (y) one (1); (ii) if the Conversion Order specifies a percentage reduction of Total Internal TLAC, the product of that percentage and the outstanding principal amount of the Term Loan or (iii) otherwise, an amount of Total Internal TLAC equal to that required to achieve the requirements specified in the Conversion Order as determined by the Borrower in good faith.
Converted Amount means:
(i) with respect to New GM $10.00 Warrants, an amount of Cash equal to: the product of (A) the number of New GM $10.00 Warrants being converted multiplied by 0.71549, and (B) the weighted average sales price of all of the New GM Common Stock sold pursuant to the Liquidation Order (net of any applicable costs, fees, and expenses paid in respect thereof);
(ii) with respect to New GM $18.33 Warrants, an amount of Cash equal to: the product of (A) the number of New GM $18.33 Warrants being converted multiplied by 0.47849, and (B) the weighted average sales price of all of the New GM Common Stock sold pursuant to the Liquidation Order (net of any applicable costs, fees, and expenses paid in respect thereof); and
(iii) with respect to New GM Common Stock, an amount of Cash equal to the product of (A) the number of shares of New GM Common Stock being converted, and (B) the weighted average sales price of all of the New GM Common Stock sold pursuant to the Liquidation Order (net of any applicable costs, fees, and expenses paid in respect thereof).
Converted Amount has the meaning given to it in Clause 6.2 (Lender debt-for-equity option).
Converted Amount means the amount as defined in Clause 8.2 (Conversion and the Tranche B Term Facility).
Converted Amount shall have the meaning ascribed to it in Section 12.11.2(b) .
Converted Amount. With respect to any Conversion Date, the amount specified in a notice delivered by the Borrowers’ Agent to the Agent pursuant to Section 2.13(c)(ii) or, if such notice is not given within the prescribed 30-Business Day period, an amount equal to the greater of the aggregate unpaid principal balance of the Revolving Loans as of such Conversion Date and $25,000,000 plus integral multiples of $1,000,000 in excess thereof, not to exceed the aggregate unpaid principal balance of the Revolving Loans as of such Conversion Date.