Interest Conversion Shares definition

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

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Interest Conversion Shares means, as to an applicable Interest Payment Date, a number of shares of Common Stock to be applied against any applicable Interest Share Amount equal to the quotient of (x) the applicable Interest Share Amount divided by (y) the Interest Conversion Rate.

Interest Conversion Shares means the shares of Common Stock issue in lieu of cash interest payments.

Examples of Interest Conversion Shares in a sentence

• If any Interest Conversion Shares are issued to the Holder in connection with an Interest Payment Date and are not applied against an Interest ADS Amount, then the Holder shall promptly return such excess shares to the Company.

• The aggregate number of ADSs otherwise issuable to the Holder on an Interest Payment Date shall be reduced by the number of Interest Conversion Shares previously issued to the Holder in connection with such Interest Payment Date.

• Payment of interest in ADSs (other than the Interest Conversion Shares issued prior to an Interest Notice Period) shall otherwise occur pursuant to Section 4(c)(ii) herein and, solely for purposes of the payment of interest in shares, the Interest Payment Date shall be deemed the Conversion Date.

More Definitions of Interest Conversion Shares

Interest Conversion Shares means the Shares to which the Lender is entitled on conversion of the Interest Conversion Amount as calculated pursuant to clause 6.3.

Interest Conversion Shares shall have the meanings ascribed thereto in the Consenting Purchaser’s Debenture. For clarity and avoidance of doubt, each Consenting Purchaser shall have the right, in its sole discretion, to waive any Equity Condition (as defined in the Debentures) as to any Monthly Redemption or interest payment that the Company proposes to satisfy with Conversion Shares and Interest Conversion Shares, as applicable, and nothing contained herein, including this Section 2, shall constitute a waiver of any such Equity Conditions.

Interest Conversion Shares means the Ordinary Shares issuable as payment of interest in accordance with the provisions of Section 2 hereof.

Interest Conversion Shares means the Ordinary Shares represented by Restricted ADRs issuable as payment of interest in accordance with the provisions of Section 2 hereof.

Interest Conversion Shares shall have the meaning set forth in Section 2(a). “Interest Notice Period” shall have the meaning set forth in Section 2(a). “Interest Payment Date” shall have the meaning set forth in Section 2(a). “Interest Share Amount” shall have the meaning set forth in Section 2(a). “Late Fees” shall have the meaning set forth in Section 2(d).

Interest Conversion Shares means the Shares to which the Lender is entitled on conversion of the Interest Conversion Amount as calculated pursuant to clause 6.3.