Issue Date Conversion Share definition
Issue Date Conversion Share means the number of shares of Common Stock equal to (x) the Purchase Price paid by the Buyer, divided by (y) the amount which would have been the Conversion Price on the Closing Date, were such date a Conversion Date (without regard to whether or not the Debentures were convertible on such date in accordance with their terms).
Examples of Issue Date Conversion Share in a sentence
The term "Issue Date Conversion Share" means the number of shares of Common Stock equal to (x) the Purchase Price for the relevant Closing Date, divided by (y) the Conversion Price in effect on such Closing Date.