Initial Conversion Amount definition

Initial Conversion Amount means (i) 60 shares of Preferred Stock (i.e., 15% of the number of shares of Preferred Stock originally issued on the Original Issue Date, in the event the Underlying Securities Registration Statement is declared effective by the Commission on or prior to October 15, 1998) and (ii) 100 shares of Preferred Stock (i.e., 25% of the number of shares of Preferred Stock originally issued on the Original Issue Date), in the event the Underlying Securities Registration Statement is declared effective by the Commission after October 15, 1998.
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Initial Conversion Amount means the lesser of (a) seventy-four percent (74%)of the product of (i) the Share Price calculated with respect to the Initial Conversion Event, multiplied by (ii) the lower of: (x) the maximum number of shares of Finisar Common Stock that the Holder may actually sell on the date of the Initial Conversion Event without violation of the volume restrictions of Rule 144(e), and (y) the number of shares of Fusion Common Stock into which the entire original principal amount of this Note would have been converted on the Initial Conversion Event without giving effect to the provisions of this Section 1.5, and (b) the difference between the original principal amount of this Note plus all accrued interest thereon and the original principal amount of the Finisar Loan (as defined in the Merger Agreement), including all accrued interest thereon.
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Initial Conversion Amount has the meaning specified in Section 2.19(a)(i).
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Examples of Initial Conversion Amount in a sentence

  • For the avoidance of doubt, the Initial Conversion Amount and any adjusted Conversion Amount thereafter shall continue to increase pursuant to this paragraph (iii) each time the Corporation grants Stock Awards to the persons set forth on Schedule 2(b)(iii) hereto or the Fully Diluted Shares is determined to be greater than what is set forth in Schedule 4.3 of the Merger Agreement.

  • On August 1, 2015, and on the first day of each subsequent month, if the Corporation has not effected the Capital Increase by such date, then the Conversion Amount shall be increased by an additional one-percent (1%) of the Initial Conversion Amount (after taking into account the adjustment in paragraph (i) above), or 3.5098 shares, as subject to further adjustment in accordance with paragraph (iii) below.

  • Initial .Conversion Amount is 1,100 shares, provided, however if at the time a Series B Preferred Share is converted into common stock the Corporation does not have a current registration statement in effect with the Securities and Exchange Commission covering the resale of such shares, then the Initial Conversion Amount will be 1,400 shares.

  • It also makes a stronger security assumption regarding the PKE: the PKE is required to satisfy a new notion of security called PR-CPA, which guarantees that encryption keys and ciphertexts can be indistinguishably replaced by “fake”, randomly-generated equivalents.

  • The Company has, apart from the organization that prepares financial reports, an organization under the Chief Financial Officer responsible for establishing, operating, and evaluating internal control over Fujitsu Group financial reporting, to ensure the effectiveness and reliability of financial reports.

  • Upon any conversion of the Series A Convertible Preferred Stock into the Initial Conversion Amount, the holder shall retain the right to convert into the balance of the Maximum Conversion, if and when approved by the shareholders of the Corporation as set forth herein.

  • Upon the declaration of the effectiveness of a Registration Statement (as defined in the Merger Agreement) filed by the Company with the Commission (the “ Initial Conversion Event”), the Initial Conversion Amount shall be automatically converted into that number of shares of Common Stock determined in accordance with Section 3.2 below.

  • The Company shall issue Convertible Preferred Stock of the Company in consideration of the cancellation and indefeasible discharge of the Initial Conversion Amount and the Second Conversion Amount.

  • During the period preceding the issuance of the Convertible Preferred Stock, the Initial Conversion Amount and the Second Conversion Amount shall remain outstanding, but shall be subordinated to the New Debt Facility and the Bridge Notes as described in Section 5.5 below.

Related to Initial Conversion Amount

  • Initial Conversion Price has the meaning specified in Section 13.01.

  • Forced Conversion Amount means the sum of (i) 100% of the aggregate Stated Value then outstanding, (ii) accrued but unpaid dividends and (iii) all liquidated damages and other amounts due in respect of the Series B Preferred Stock.

  • Final Conversion Date means 5:00 p.m. in New York City, New York on the earlier to occur following the IPO of (i) the first Trading Day falling on or after the date on which the outstanding shares of Class B Common Stock represent less than ten percent (10%) of the aggregate number of shares of the then outstanding Class A Common Stock and Class B Common Stock, (ii) the tenth (10th) anniversary of the IPO or (iii) the date specified by affirmative vote of the holders of a majority of the outstanding shares of Class B Common Stock, voting as a single class.

  • Conversion Amount means the sum of the Stated Value at issue.

  • Final Preference Share Redemption Amount means, subject to the provisions of the Articles and the Conditions, in respect of each Preference Share, an amount expressed in the Settlement Currency determined by the Calculation Agent equal to the Notional Amount multiplied by:

  • Optional Conversion Date means, with respect to the Optional Conversion of any Convertible Preferred Stock, the first Business Day on which the requirements set forth in Section 10(d)(ii) for such conversion are satisfied.

  • New Conversion Price means the amount determined in accordance with the following formula, which shall apply from the QTE Effective Date: NCP = ECP * (VWAPAES / VWAPOS) where:

  • Series B Conversion Price means, as of the applicable Conversion Date, the greater of (A) the average of the Market Values of the Common Stock for the five consecutive Trading Days preceeding (but not including) such Conversion Date, or (B) the then effective Series B Minimum Conversion Price.

  • Interest Conversion Price means, with respect to any Interest Date, that price which shall be computed as 100.0% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the ten (10) consecutive Trading Days immediately preceding the applicable Interest Date (each, an “Interest Measuring Period”). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during such period.

  • Series A Conversion Price shall initially be equal to $0.71. Such initial Series A Conversion Price, and the rate at which shares of Series A Preferred Stock may be converted into shares of Common Stock, shall be subject to adjustment as provided below.

  • Series A Conversion Rate means, as adjusted pursuant to Section 5.8(b)(vi)(E), the number of Common Units issuable upon the conversion of each Series A Preferred Unit, which shall be the quotient of (a) the sum of (i) the Series A Issue Price, plus (ii) any Series A Unpaid Distributions on the applicable Series A Preferred Unit, plus (iii) only for purposes of the definition of “Series A COC Conversion Rate,” any Series A Partial Period Distributions on the applicable Series A Preferred Unit, divided by (b) the Series A Issue Price.

  • Base Conversion Price shall have the meaning set forth in Section 5(b).

  • Mandatory Conversion Date has the meaning set forth in Section 7(a).

  • Early Preference Share Redemption Amount means, subject to the provisions of the Articles and the Conditions, in respect of each Preference Share, an amount expressed in the Settlement Currency calculated by the Calculation Agent as the fair market value (calculated without taking into account the creditworthiness of the Company) of a Preference Share as of the Early Preference Share Valuation Date taking into account such factor(s) as the Calculation Agent determines appropriate, including, but not limited to, the relevant Early Preference Share Redemption Event after deducting any Associated Costs (to the extent not already reflected in such fair market value).

  • Applicable Conversion Price means the Conversion Price in effect at any given time.

  • Interest Conversion Shares shall have the meaning set forth in Section 2(a).

  • Final Preference Share Redemption Date means the date that falls twenty Business Days following the Valuation Date on which the Calculation Agent has determined the Final Preference Share Redemption Amount or, if earlier, the first Auto-Call Valuation Date on which an Auto-Call Trigger Event has occurred.

  • Optional Conversion has the meaning set forth in Section 6(a).

  • Automatic Early Redemption Amount means the Automatic Early Redemption Amount specified in the relevant Final Terms.

  • Acquisition Amount means, for an Acquired Receivable for which the Acquisition Amount is to be included in Available Funds for a Payment Date, the excess of (i) the present value of the Principal Balance of the Receivable as of the last day of the Collection Period immediately preceding the related Collection Period (calculated using the Discount Rate on the basis of a 360-day year of twelve 30-day months and assuming each amount is received at the end of the Collection Period in which the amount is scheduled to be received) over (ii) all cash collections and any other cash proceeds received by the Issuer on the related Receivable from (but excluding) the last day of the Collection Period immediately preceding the related Collection Period to the day on which such Receivable becomes an Acquired Receivable.

  • Fixed Conversion Price shall have the meaning set forth in Section 4(b).

  • Interest Conversion Rate means the lesser of (a) the Conversion Price or (b) 90% of the lesser of (i) the average of the VWAPs for the 20 consecutive Trading Days ending on the Trading Day that is immediately prior to the applicable Interest Payment Date or (ii) the average of the VWAPs for the 20 consecutive Trading Days ending on the Trading Day that is immediately prior to the date the applicable Interest Conversion Shares are issued and delivered if such delivery is after the Interest Payment Date.

  • Applicable Conversion Rate means the Conversion Rate in effect at any given time.

  • Conversion Value means, with respect to Convertible Capital Appreciation Bonds, the Accreted Value as of the Conversion Date.

  • Monthly Redemption Amount means, as to a Monthly Redemption, one seventh of the original principal amount at 110% of such principal amount, plus accrued but unpaid interest, liquidated damages and any other amounts then owing to the Holder in respect of this Note.

  • Make-Whole Fundamental Change Conversion Period has the following meaning: