Examples of Optional Conversion Price in a sentence
The Optional Conversion Price is subject to adjustments under certain circumstances in accordance with the terms of the INCPS.
The INCPS may be converted at any time after the Conditional Conversion Period, at the Optional Conversion Price as defined hereafter.
The Holder acknowledges that this Note is one of a series of notes of substantially identical terms and conditions (other than the Optional Conversion Price, which may differ) (collectively, the “Notes”) issued by the Borrowers to the Holder and other holders (such holders with the Holder, collectively, the “Holders”) under the terms of the Securities Purchase Agreement.
The Optional Conversion Price means the consolidated net assets per RHB Bank share based on its consolidated management accounts immediately preceding the date of conversion multiplied by 1.2 times.
At any time, at the Holder’s option, such Holder may convert the outstanding and unpaid Outstanding Balance of this Note into fully paid and nonassessable shares of Common Stock in accordance with this Section 3(c), at the Optional Conversion Price, subject to adjustment as provided in Section 3(f) below.