Maturity Date Conversion Price definition

Maturity Date Conversion Price means that price which shall be computed as 90% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the five consecutive Trading Days immediately preceding the Maturity Date. All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during such period.

Maturity Date Conversion Price means, as of any date of determination, the least of (A) the Conversion Price as of the day immediately prior to the date which is two (2) years after the Issuance Date, (B) the arithmetic average of the Closing Bid Price of the Common Stock on each of the 20 consecutive trading days immediately preceding the date which is two (2) years after the Issuance Date or (C) the Market Price of the Common Stock on such date of determination. All such determinations to be appropriately adjusted for any stock dividend, stock split, stock combination or other similar transaction during such period.

Maturity Date Conversion Price is defined in Section 12.3(b).

Examples of Maturity Date Conversion Price in a sentence

• The principal amount of this Debenture and any accrued and unpaid interest thereon may be prepaid, in whole or in part, at any time without penalty or premium, at the discretion of the Company, subject to first offering the Holder the option to convert this Debenture into Common Stock at the Maturity Date Conversion Price.

• Payments to be made on the Maturity Date in Repayment Shares shall be paid in a number of fully paid and nonassessable shares (rounded to the nearest whole share in accordance with Section 3(a)) of Common Stock equal to the quotient of (a) the Principal, accrued and unpaid Interest and accrued and unpaid Late Charges, if any, payable and (b) the Maturity Date Conversion Price on the Maturity Date.

• For purposes of this Section 2(d)(vii), "Maturity Date Conversion Price" means 75% of the arithmetic average of the lowest Closing Bid Prices on any three (3) trading days of the Common Stock during the 20 consecutive trading days immediately preceding the Maturity Date.

• The Convertible Bonds B The terms of the Convertible Bonds B have been negotiated on an arm’s length basis and the principal terms of which are summarised below: Issuer : The Company Principal amount : HK$51,661,781Maturity date : The end of 36th months of the date of issue of the ConvertibleBonds B Interest rate : 0% per annum payable at Maturity Date Conversion Price : HK$0.34 per Conversion Share subject to adjustments for adjustmentprovisions summarized below.

• CONVERTIBLE BONDS The Convertible Bonds The terms of the Convertible Bonds have been negotiated on an arm’s length basis and the principal terms of which are summarised below: Issuer : The Company Principal amount : HK$150,000,000 Maturity date : The end of 36th months of the date of issue of the Convertible Bonds Interest rate : 3% per annum payable at Maturity Date Conversion Price : HK$0.10 per Conversion Share subject to adjustments for adjustment provisions summarized below.

• For purposes of this Section 2(d)(vii), "Maturity Date Conversion Price" means 95% of the arithmetic average of the Closing Sale Prices of the Common Stock on the 30 consecutive trading days immediately preceding the Maturity Date.

• The Convertible Bonds B The terms of the Convertible Bonds B have been negotiated on an arm’s length basis and the principal terms of which are summarised below: Issuer : The Company Subscriber : Subscriber B Principal amount : HK$21,051,628Maturity date : The end of 24th months of the date of issue of the ConvertibleBonds B Interest rate : 3% per annum payable at Maturity Date Conversion Price : HK$0.15 per Conversion Share subject to adjustments for adjustmentprovisions summarized below.

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