Interest Conversion Rate definition

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.

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Interest Conversion Rate means the lesser of (a) the Conversion Price or (b) 85% of the lesser of (i) the average of the VWAPs for the 10 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 10 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.

Interest Conversion Rate means the lesser of (a) the Conversion Price and (b) 90% of the average of the 20 VWAPs immediately prior to the applicable Interest Payment Date.

Examples of Interest Conversion Rate in a sentence

• The intent of the Cash Interest True-Up Amount is to compensate the Holder for its loss in value due to the condition that an Interest Share Amount cannot be converted into shares of Common Stock at Interest Conversion Rate less than the Floor Price.

• Should the Company elect to pay interest in kind, it shall be paid in registered shares of Common Stock valued at the Interest Conversion Rate.

• In consideration for the conversion by the Holders of the Debentures on the Conversion Date, the Company will pay to the Holders on the Conversion Date the number of shares of Common Stock equal to the quotient of (i) the Interest Share Amount that would be due and owing to the Holders if the Debentures were held through the Maturity Date divided by (ii) the Interest Conversion Rate as of the Conversion Date.

• Interest may, at the option of the Company, be paid in cash or shares of Common Stock at the Interest Conversion Rate, or a combination of shares and cash.

• The Series G-R Debentures shall be converted, subject to adjustment as provided in each Debenture, on the basis of the aggregate of (a) one (1) share of Common Stock of the Company for each $0.1760 of principal debt balance due on the Debenture (the "Series G-R Debentures Conversion Price"), and (b) one (1) share of Common Stock of the Company times the Interest Conversion Rate.

More Definitions of Interest Conversion Rate

Interest Conversion Rate means 90% of the lesser of (i) the average of the 5 Closing Bid Prices immediately prior to the applicable Interest Payment Date and (ii) the average of the 5 Closing Bid Prices immediately prior to the date the applicable interest payment shares are issued and delivered if after the Interest Payment Date.

Interest Conversion Rate means the greater of (x) the Floor Price and (y) 90% of the lowest VWAP for the 5 consecutive Trading Days ending on the Trading Day that is immediately prior to the date on which interest is paid in shares of Common Stock.

Interest Conversion Rate means 85% of the average of the VWAP’s for the ten Trading Days immediately preceding the applicable Interest Payment Date.

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 (provided, however, in the case of clause (b) the Interest Conversion Rate shall be at least a $.01 discount to the VWAP on the Trading Day immediately preceding such payment date).

Interest Conversion Rate means 92% of the average of the three lowest VWAPs during the ten (10) consecutive Trading Days ending on the Trading Day that is immediately prior to the applicable Interest Payment Date.

Interest Conversion Rate means the Conversion Price.

Interest Conversion Rate means 90% of the lesser of (i) the average of the 20 VWAPs immediately prior to the applicable Interest Payment Date or (ii) the average of the 20 VWAPs immediately prior to the date the applicable interest payment shares are issued and delivered if after the Interest Payment Date.