Mandatory Conversion and Optional Redemption Warrants definition

Mandatory Conversion and Optional Redemption Warrants means warrants exercisable for a number of shares of Common Stock equal to two-thirds (2/3) of the sum of (i) the number of shares Common Stock that would have been issuable upon conversion of any Optional Redemption Amount being redeemed pursuant to Section 9, if any, at the applicable Conversion Rate on the applicable Mandatory Conversion and Optional Redemption Date (assuming for purposes of this calculation, issuances of fractional shares), (ii) the number of shares Common Stock that would have been issuable upon conversion of the applicable Mandatory Conversion Amount being converted pursuant to Section 9, if any, at the applicable Conversion Rate on the applicable Mandatory Conversion and Optional Redemption Date (assuming for purposes of this calculation, issuances of fractional shares), and (iii) the number of shares, if any, of Common Stock issued pursuant to a conversion of this Note on or after the applicable Mandatory Conversion and Optional Redemption Notice Date, which conversion reduces either or both of the applicable Mandatory Conversion Amount or the applicable Optional Conversion Amount pursuant to the terms of Section 9. Such warrants shall be in substantially the form of the Warrant attached as Exhibit C to the Securities Purchase Agreement, except that (A) the exercise price for such warrants shall be equal to the Fixed Conversion Price in effect on the applicable Mandatory Conversion and Optional Redemption Date, (B) the expiration date of such warrants shall be the Maturity Date and (C) the anti-dilution protection set forth in Section 2(a) thereof shall be similar to the anti-dilution protection set forth in Section 7(a) hereof.
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Related to Mandatory Conversion and Optional Redemption Warrants

  • Early Preference Share Redemption Notice means a notice of early redemption of some or all of the Preference Shares given by or on behalf of the Company in accordance with Condition 6 (Notices).

  • Mandatory Conversion shall have the meaning set forth in Section 6.

  • Mandatory Conversion Date has the meaning set forth in Section 7(a).

  • Series A Redemption Notice has the meaning set forth in Section 16.6(b).

  • Early Preference Share Redemption Event means the event that occurs if:

  • Early Preference Share Redemption Amount means, subject to the provisions of the Articles and the Conditions, in respect of each Preference Share, an amount expressed in the Settlement Currency calculated by the Calculation Agent as the fair market value (calculated without taking into account the creditworthiness of the Company) of a Preference Share as of the Early Preference Share Valuation Date taking into account such factor(s) as the Calculation Agent determines appropriate, including, but not limited to, the relevant Early Preference Share Redemption Event after deducting any Associated Costs (to the extent not already reflected in such fair market value).

  • Early Preference Share Redemption Date means the day falling ten Business Days after the Early Preference Share Valuation Date.

  • Mandatory Conversion Notice has the meaning ascribed thereto in Section 4.5(a);

  • Final Preference Share Redemption Date means the date that falls twenty Business Days following the Valuation Date on which the Calculation Agent has determined the Final Preference Share Redemption Amount or, if earlier, the first Auto-Call Valuation Date on which an Auto-Call Trigger Event has occurred.

  • Series A Conversion Price shall initially be equal to $0.71. Such initial Series A Conversion Price, and the rate at which shares of Series A Preferred Stock may be converted into shares of Common Stock, shall be subject to adjustment as provided below.

  • Optional Redemption Notice shall have the meaning set forth in Section 6(a).

  • Optional Redemption Amount means the sum of (i) 100% of the principal amount of the Debenture then outstanding, (ii) accrued but unpaid interest and (iii) all liquidated damages and other amounts due in respect of the Debenture.

  • Optional Redemption shall have the meaning set forth in Section 6(a).

  • Optional Redemption Price shall have the meaning set forth in Section 3.2.

  • Series A Redemption Date has the meaning set forth in Section 16.6.

  • Final Preference Share Redemption Amount means, subject to the provisions of the Articles and the Conditions, in respect of each Preference Share, an amount expressed in the Settlement Currency determined by the Calculation Agent equal to the Notional Amount multiplied by:

  • Series B Conversion Price means, as of the applicable Conversion Date, the greater of (A) the average of the Market Values of the Common Stock for the five consecutive Trading Days preceeding (but not including) such Conversion Date, or (B) the then effective Series B Minimum Conversion Price.

  • Series A Redemption Price has the meaning set forth in Section 16.6(a).

  • Optional Redemption Date shall have the meaning set forth in Section 6(a).

  • Optional Redemption Amount (Put) means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, the relevant Final Terms;

  • Triggering Redemption Amount means, for each share of Preferred Stock, the sum of (a) the greater of (i) 130% of the Stated Value and (ii) the product of (y) the VWAP on the Trading Day immediately preceding the date of the Triggering Event and (z) the Stated Value divided by the then Conversion Price, (b) all accrued but unpaid dividends thereon and (c) all liquidated damages and other costs, expenses or amounts due in respect of the Preferred Stock.

  • Optional Redemption Settlement Date means the second Valuation Date after the Optional Redemption Pricing Date, provided that such Valuation Date is not a Disrupted Day and that such Valuation Date is both a Currency Business Day and a Clearing System Business Day.

  • Optional Conversion has the meaning set forth in Section 6(a).

  • Forced Conversion Amount means the sum of (i) 100% of the aggregate Stated Value then outstanding, (ii) accrued but unpaid dividends and (iii) all liquidated damages and other amounts due in respect of the Series B Preferred Stock.

  • Optional Redemption Amount (Call) means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, the relevant Final Terms;

  • Optional Redemption Premium means, with respect to any Series, the premium (expressed as a percentage of the Liquidation Preference of the shares of such Series) payable by the Fund upon the redemption of MuniFund Term Preferred Shares of such Series at the option of the Fund, as set forth in the Appendix for such Series.