Initial Conversion Rate definition

Initial Conversion Rate shall have the meaning set forth in Section 4.13.

Initial Conversion Rate means, for each share of Series S Junior Preferred Stock, 1,000 shares of Common Stock.

Initial Conversion Rate means 1,667 shares of Common Stock per $1,000 principal amount of Notes.

Examples of Initial Conversion Rate in a sentence

• The Initial Conversion Rate is subject to adjustment as provided in this Article 4.

• Holders of the Convertible Notes due 2025 will also have the right to convert the Convertible Notes due 2025 at the Initial Conversion Rate prior to July 15, 2025, but only upon the occurrence of specified events described in the related indenture.

• The Initial Conversion Rate is subject to adjustment as provided in this Article 3.

• Holders of the Convertible Notes due 2024 will also have the right to convert the Convertible Notes due 2024 at the Initial Conversion Rate prior to October 15, 2023, but only upon the occurrence of specified events described in the related indenture.

• Initial Conversion Rate: 82.3893 shares of Issuer’s Common Stock per $1,000 principal amount of Notes.

More Definitions of Initial Conversion Rate

Initial Conversion Rate means, for each share of Junior Preferred Stock, twenty (20) shares of Common Stock.

Initial Conversion Rate means [•] shares of Common Stock per $1,000 principal amount of Securities.

Initial Conversion Rate means, for each share of Junior Preferred Stock, one hundred (100) shares of Common Stock.

Initial Conversion Rate has the meaning specified in Section 7.03.

Initial Conversion Rate means 12.5247 shares of Common Stock per Principal Amount of $1,000, subject to adjustment pursuant to Article 10.

Initial Conversion Rate means [•] shares of Common Stock per $1,000 principal amount of Securities. “Issuance Date” means the date on which the Securities are first authenticated and issued.

Initial Conversion Rate means the quotient obtained from the formula (P ÷ Y) ÷ P where P = the principal balance of the Initial Notes issued on the Issue Date Y = the Initial Conversion Price.