Dividend Conversion Price definition

Dividend Conversion Price means, with respect to any given Dividend Date, that price which shall be the lowest of (i) the applicable Conversion Price as in effect on the applicable Dividend Date, (ii) 90% of the lowest VWAP of the Common Stock during the five (5) consecutive Trading Day period ending and including the Trading Day immediately preceding the applicable Dividend Date (such period, the “Dividend Conversion Measuring Period”). All such determinations to be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or similar transaction that proportionately decreases or increases the Common Stock during such Dividend Conversion Measuring Period.

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Dividend Conversion Price means with respect to any Dividend Date that price which shall be the lower of (i) the applicable Conversion Price and (ii) 85% of the Market Price.

Dividend Conversion Price means, with respect to any Dividend Date, that price which shall be computed as the product of (A) 95% multiplied by (B) the arithmetic average of the Weighted Average Price of the Common Stock on each trading day during the five (5) consecutive trading days immediately preceding such Dividend Date.

Examples of Dividend Conversion Price in a sentence

Dividend to be paid on a Dividend Date in Dividend Shares shall be paid in a number of fully paid and nonassessable shares (rounded to the nearest whole share) of Common Stock equal to the quotient of (1) the amount of Dividend payable on such Dividend Date less any Capitalized Dividend and (2) the Dividend Conversion Price in effect on the applicable Dividend Date.
If the Corporation pays a dividend in shares, the semi-annual dividend on each outstanding share of Series B (as appropriately adjusted for any subsequent stock splits, stock dividends, reclassifications and the like) will be that number of fully paid and nonassessable shares of the Class B Common that is equal to $350.00 divided by the then effective Dividend Conversion Price.
In lieu of any fractional shares to which the holder would otherwise be entitled, the Corporation shall pay cash equal to such fraction multiplied by the then effective Dividend Conversion Price.
The Dividend Conversion Price shall be equal to the average closing price of the Common Stock (the "Common Stock") over the ten (10) trading days prior to the dividend payment date.

More Definitions of Dividend Conversion Price

Dividend Conversion Price means, with respect to any Dividend Date, 95% of the arithmetic average of the Weighted Average Price of the Common Shares on each for the ten (10) consecutive Trading Days immediately preceding the applicable (but not including) such Dividend Date. All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during such period.

Dividend Conversion Price means, as of any date of determination, the price which shall be the price computed as the median of the Closing Sale Price of the Common Stock on each of the fifteen (15) consecutive Trading Days ending on the Trading Day immediately preceding the applicable Dividend Date (each a “Dividend Measuring Period”). All such determinations shall be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction that proportionately decreases or increases the Common Stock during such Dividend Measuring Period.

Dividend Conversion Price means that price which shall be computed as the arithmetic average of the Closing Bid Price of the Common Stock on each of the 10 consecutive trading days immediately preceding such date of determination. All such determinations to be appropriately adjusted for any stock dividend, stock split or other similar transaction during such period.

Dividend Conversion Price means the Fair Market Value of one share of the ------------------------- Company's Stock on the Dividend Record Date.

Dividend Conversion Price means the Fair Market Value of one share of the Stock on the date that a dividend is paid on such Stock.

Dividend Conversion Price means 92.5% of the arithmetic average of the Volume Weighted Average Prices of Common Stock for the twenty (20) consecutive Trading Days immediately prior to the applicable Dividend Payment Date (not including such date), as appropriately adjusted for any stock dividend, stock split, stock combination or other similar transaction during such five Trading Day period.

Dividend Conversion Price means, as of any Dividend Date, the average of the Closing Bid Prices of the Common Stock for the five consecutive Business Days immediately preceding such Dividend Date.