Daily Conversion Rate Fraction definition

Daily Conversion Rate Fraction means, with respect to each Trading Day in the Measurement Period, the Conversion Rate on such Trading Day divided by four.

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Daily Conversion Rate Fraction means, with respect to each Trading Day in the Measurement Period, the Conversion Rate on such Trading Day divided by five.

Daily Conversion Rate Fraction means, with respect to any Trading Day during the related Observation Period, a number to be determined as follows, subject to the Daily Share Cap: • if the Daily VWAP on such date is less than or equal to the Base Conversion Price, the Daily Conversion Rate Fraction will be equal to the Base Conversion Rate divided by 50, as may be adjusted pursuant to this Indenture; or • if such Daily VWAP is greater than the Base conversion Price, the Daily Conversion Rate Fraction will be equal to the following:

Examples of Daily Conversion Rate Fraction in a sentence

Notwithstanding the foregoing, if the Daily Conversion Rate Fraction for any Trading Day in the relevant Cash Settlement Averaging Period would otherwise be greater than the Daily Share Cap, the Daily Conversion Rate Fraction for such Trading Day shall be equal to the Daily Share Cap.
Notwithstanding the foregoing, in no event shall the Daily Conversion Rate Fraction for any Trading Day in the relevant Conversion Period exceed 4.5372 per $1,000 principal amount of Notes, subject to adjustment in the same manner, on a proportional basis, as the Base Conversion Rate pursuant to Section 10.04.
The Base Conversion Rate, Incremental Share Factor and the Daily Conversion Rate Fraction for the Notes prior to the occurrence of a Make-Whole Adjustment Event were 60.4961, 30.2481 and 3.1483, respectively.
As a result of the Merger (a Make-Whole Adjustment Event), there was an adjustment to the Daily Conversion Rate Fraction of 0.6162, resulting in a Daily Conversion Rate Fraction of 3.7645 after the Make-Whole Adjustment Event.

More Definitions of Daily Conversion Rate Fraction

Daily Conversion Rate Fraction means, in respect of any conversion of Notes, a number of shares of Common Stock for each Trading Day during the relevant Observation Period determined as follows:

Daily Conversion Rate Fraction for each Trading Day during the relevant Cash Settlement Averaging Period shall be determined as follows:

Daily Conversion Rate Fraction means, with respect to any Trading Day during the related Observation Period, a number to be determined as follows, subject to the Daily Share Cap:

Daily Conversion Rate Fraction means, with respect to each Trading Day in the Measurement Period, the Conversion Rate on such Trading Day divided by 15. “Daily Conversion Value” means, with respect to each Trading Day in the Measurement Period, the Daily Conversion Rate Fraction for such Trading Day multiplied by the Daily VWAP for such Trading Day. “Daily Exchange Price Fraction” means, with respect to each Trading Day in the Measurement Period (i) the Bond Reference Price divided by 15 plus (ii) (A) the Hedge Ratio multiplied by (B)(I) the Daily Conversion Value for such Trading Day minus (II) the Signing Date Conversion Value divided by 15. “Daily VWAP” means, for any Trading Day, the per share volume-weighted average price of the Common Stock as displayed under the heading “Bloomberg VWAP” on Bloomberg page “GVA <equity> AQR” (or its equivalent successor if such page is not available) in respect of the period from the scheduled open of trading until the scheduled close of trading of the primary trading session on such Trading Day (or if such volume-weighted average price is unavailable, the market value of one share of the Common Stock on such Trading Day as determined by the Board of Directors of the Company in a commercially reasonable manner using a volume-weighted average method). The “Daily VWAP” shall be determined without regard to after-hours trading or any other trading outside of the regular trading session trading hours.

Daily Conversion Rate Fraction means, for any Securities to be converted and each Daily VWAP Trading Day of the related Observation Period for such Securities, a number of shares of Class A Common Stock determined as follows:

Daily Conversion Rate Fraction for each Trading Day during the relevant Averaging Period will be determined as follows:

Daily Conversion Rate Fraction means on any date: (i) if the Daily VWAP on such date is less than or equal to the Base Conversion Price, the Daily Conversion Rate Fraction for such Securities will be equal to the Base Conversion Rate, as may be adjusted pursuant to Section 12.02, divided by 25; or (ii) if the Daily VWAP is greater than the Base Conversion Price, the Daily Conversion Rate Fraction will be equal to the following: Base (Daily VWAP - Base Conversion Price) Incremental Conversion + ------------------------------------ X Share Factor Rate Daily VWAP Factor -------------------------------------------------------------------------