New Conversion Condition Effective Date means the date with effect from which the New Conversion Condition shall have been satisfied.
New Conversion Condition Effective Date means the date with effect from which the New Conversion Condition shall have been satisfied. “New Conversion Price” means the amount determined by LBG in accordance with the following formula:
New Conversion Condition Effective Date means the date with effect from which the New Conversion Condition shall have been satisfied. “New Conversion Price” means the amount determined by LBG in accordance with the following formula: NCP = ECP ×VWAPRS VWAPOS where: NCP is the New Conversion Price. ECP is the Conversion Price in effect on the dealing day immediately prior to the New Conversion Condition Effective Date. VWAPRS means the average of the Volume Weighted Average Price of the Relevant Shares on each of the 10 dealing days ending on the dealing day prior to the date the Relevant Event shall have occurred (and where references in the definition of “Volume Weighted Average Price” to “Ordinary Shares” shall be construed as a reference to the Relevant Shares and in the definition of “dealing day”, references to the “Relevant Stock Exchange” shall be to the primary Regulated Market on which the Relevant Shares are then listed, admitted to trading or accepted for dealing). VWAPOS is the average of the Volume Weighted Average Price of the Ordinary Shares on each of the 10 dealing days ending on the dealing day prior to the date the Relevant Event shall have occurred.
Examples of New Conversion Condition Effective Date in a sentence
If a Qualifying Relevant Event shall occur, the Securities shall, where the Conversion Date (if any) falls on or after the New Conversion Condition Effective Date, be converted on such Conversion Date into Relevant Shares of the Approved Entity (save as provided below in this Condition9(e) mutatis mutandis as provided in this Condition 9) at a Conversion Price that shall be the New Conversion Price.
More Definitions of New Conversion Condition Effective Date
New Conversion Condition Effective Date has the meaning ascribed to it in Condition 7(j)(v);