Parity Value definition
Parity Value means, in respect of any dealing day, the amount determined in good faith by the Calculation Agent and calculated as follows:
Parity Value means, in respect of any dealing day, the amount calculated as follows:
Parity Value means, in respect of any Trading Day, the amount determined in good faith by the Calculation Agent and calculated as follows: PV = N x VWAP where: PV = the Parity Value. N = €100,000 divided by the Conversion Price in effect on such Trading Day, provided that if (A) such Trading Day falls on or after the Deemed Ex-Date in respect of an Adjustment Event, and (B) such adjustment is not yet in effect on such Trading Day, the Conversion Price in effect on such Trading Day shall for the purpose of this definition only be multiplied by the adjustment factor subsequently determined by the Calculation Agent to be applicable in respect of the relevant Conversion Price adjustment. VWAP = the Volume Weighted Average Price of a Share on such Trading Day.
Examples of Parity Value in a sentence
The Company will not have any obligation to determine the Trading Price of the Debentures unless a Holder of $3.0 million original principal amount of the Debentures provides the Company with reasonable evidence that the Trading Price of the Debentures is less than 98% of the Parity Value of a Debenture.
The Company will determine the Trading Price of the Debentures commencing on the Trading Day next following the date on which a Holder provides such evidence to the Company and will determine such Trading Price on each successive Trading Day until such time as the Trading Price of the Debentures is equal to or greater than 98% of the Parity Value of the Debentures.
More Definitions of Parity Value
Parity Value means, in respect of any Trading Day, the amount calculated by the Calculation Agent as follows:
Parity Value means, in respect of any Scheduled Trading Day, the product of the Share Price on such Scheduled Trading Day and the Exchange Ratio on such Scheduled Trading Day; and
Parity Value with respect to the Debentures on any date of determination, shall equal the product of (x) the Closing Price on such date of the Reference Shares attributable to a Debenture and (y) the number of such Reference Shares attributable to a Debenture (for each such Reference Company, the “Reference Share Value”). If the Reference Shares attributable to the Debentures are composed of Reference Shares of more than one Reference Company (or of different series or classes of a Reference Company), then the Parity Value will be the sum of the Reference Share Values of the Reference Shares of each such Reference Company (or each such series or class, as applicable).
Parity Value. , on any day, means the product of (x) the Sale Price for the Common Stock multiplied by (x) the then-current Conversion Rate.
Parity Value with respect to a Debenture on any date of determination, shall equal the product of (x) the Closing Price on such date of the Reference Shares attributable to a Debenture and (y) the number of such Reference Shares attributable to such Debenture (for each Reference Company, the “Reference Share Value”). If the Reference Shares attributable to each Debenture are composed of Reference Shares of more than one Reference Company, then the Parity Value will be the sum of the Reference Share Values of the Reference Shares of each such Reference Company.
Parity Value with respect to the Notes on any date of determination, shall equal (a) the number of shares of Common Stock issuable upon conversion of the Notes based on the then-applicable Conversion Rate, multiplied by (b) the Daily VWAP for the five Trading Days ending on, and including, the Trading Day immediately preceding the applicable date of determination.
Parity Value means, in respect of any Dealing Day, the Euro amount calculated as follows: PV = ER x CP