Initial Conversion Price definition

Initial Conversion Price has the meaning specified in Section 13.01.

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

Initial Conversion Price when used with respect to any Security, means the price at which the Common Stock shall be delivered upon conversion of such Security, prior to any adjustment of such price as provided herein.

Examples of Initial Conversion Price in a sentence

• On each of the first anniversary and second anniversary of the Closing Date (each such anniversary, a “Reset Date”), if the Volume Weighted Average Closing Price of the Company’s Ordinary Shares during any consecutive 40-Trading Day period in the 12 months preceding the relevant Reset Date (the “Reference Price”) is below 85% of the Initial Conversion Price, the Conversion Price shall be adjusted to 115% of such Reference Price.

• HK$5,920 million by the allotment and issue of the Hebei Convertible Notes to the Hebei Vendor or its nominee(s) credited as fully paid at the Hebei Initial Conversion Price at Hebei Completion; and (iii) HK$400 million by the issue of the Hebei Promissory Note to the Hebei Vendor or its nominee(s) at Hebei Completion.

• Notwithstanding the foregoing, in no event shall the Conversion Price be lower than 60% of the Initial Conversion Price.

• The initial Conversion Rate per $1,000 principal amount of the Note shall be equal to the product of (i) $1,000 divided by (ii) Initial Conversion Price (subject to adjustment as provided in this Article V, the “Conversion Rate”).

More Definitions of Initial Conversion Price

Initial Conversion Price means $0.75.

Initial Conversion Price means (i) with respect to each share of Series B Preferred Stock issued on the Original Issuance Date, $1.2748 per share of Common Stock and (ii) with respect to each share of Series B Preferred Stock issued as payment of a Series B Preferred Dividend in accordance with Section 4, the Conversion Price in effect immediately prior to the issuance of such share.

Initial Conversion Price means $2.70.

Initial Conversion Price means $3.00 (as adjusted for any split, subdivision, combination, consolidation or reclassification of the Common Stock).

Initial Conversion Price means $19.00 per share, subject to adjustment from time to time pursuant to Section 6(d) hereof.

Initial Conversion Price means, for each share of Designated Preferred Stock, an amount equal to $0.40.

Initial Conversion Price means Ten Dollars ($10) for each of the First December 2000 Note and the Second December 2000 Note. The "Initial Conversion Price" means Thirteen Dollars and Eighty-Seven Cents ($13.87) for the September 2001 Note.