Preferred Conversion Ratio definition

Preferred Conversion Ratio means the result obtained by multiplying the Common Conversion Ratio by the number of shares of Company Common Stock into which each share of Company Preferred Stock will be convertible immediately prior to the Effective Time.

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Preferred Conversion Ratio means the quotient arrived at by dividing the principal amount of this Note plus any accrued Interest by the Preferred Conversion Price) subject to adjustment as hereinafter provided, and the “Preferred Conversion Price” initially shall be $1,000. Promptly after the date of Automatic Conversion, Holder shall deliver this Note to the Company for cancellation in exchange for a certificate representing the applicable number of shares of Series D Preferred Stock.

Preferred Conversion Ratio means $120, as adjusted pursuant to Section 6.

Examples of Preferred Conversion Ratio in a sentence

Initially the Note shall be converted into shares of Series D Convertible Preferred Stock based upon the Preferred Conversion Ratio (for purposes hereof "Preferred Conversion Ratio" shall mean the quotient arrived at by dividing the principal amount of this Note plus any accrued Interest by the Preferred Conversion Price) subject to adjustment as hereinafter provided, and the "Preferred Conversion Price" initially shall be $1,000.
In connection with and by virtue of the Conversion, each quota of New TopCo held by a quotaholder of New TopCo (a “New TopCo Quotaholder”) will be converted into PubCo Ordinary Shares at the Common Conversion Ratio and PubCo Preferred Shares at the Preferred Conversion Ratio and each such New TopCo Quotaholder will be recorded as the registered holder of such shares so converted and will be the legal and beneficial owner thereof.
The person in whose names the certificate or certificates for shares of Common Stock are to be issued shall be deemed to have become a stockholder of record on the applicable Conversion Date unless the transfer books of the Corporation are closed on that date, in which event he or it shall be deemed to have become a stockholder of record on the next succeeding date on which the transfer books are open, but the Series A Preferred Conversion Ratio shall be that in effect on the Conversion Date.
The Series B-2 Preferred Conversion Ratio shall be subject to equitable adjustment in the event of any stock split, stock dividend, reverse stock split or similar event affecting the Buyer Common Stock between the beginning of the ten-day period referred to in the definition of Common Conversion Ratio and the Effective Time.
Each of the Common Conversion Ratio and the Preferred Conversion Ratio shall be subject to equitable adjustment in the event of any stock split, stock dividend, reverse stock split or similar event affecting the Buyer Common Stock.
The "Preferred Conversion Ratio" shall be equal to the Common Conversion Ratio as the same may be adjusted.
Initially the Note shall be converted into shares of Series D Convertible Preferred Stock based upon the Preferred Conversion Ratio (for purposes hereof “Preferred Conversion Ratio” shall mean the quotient arrived at by dividing the principal amount of this Note plus any accrued Interest by the Preferred Conversion Price) subject to adjustment as hereinafter provided, and the “Preferred Conversion Price” initially shall be $1,000.
In order to prevent dilution of the conversion rights granted under this Section 6, the Preferred Conversion Ratio and the number of Conversion Shares issuable on conversion of the Shares of 6.625% Convertible Preferred Stock shall be subject to adjustment from time to time as provided in this Section 6.6.
Anything in this Certificate of Designation to the contrary notwithstanding, there shall be no adjustment to the Preferred Conversion Ratio or the number of Conversion Shares issuable upon conversion of the 6.625% Convertible Preferred Stock with respect to any Excluded Issuance.
The Preferred Conversion Ratio shall be subject to equitable adjustment in the event of any stock split, stock dividend, reverse stock split, reorganization, recapitalization or reclassification of capital stock or similar event affecting the Buyer Common Shares between the date hereof and the Effective Time.

More Definitions of Preferred Conversion Ratio

Preferred Conversion Ratio shall be the result obtained by multiplying the Common Conversion Ratio by the number of Common Shares into which each Preferred Share is convertible immediately prior to the Effective Time. Each of the Common Conversion Ratio and the Preferred Conversion Ratio shall be subject to equitable adjustment in the event of any stock split, stock dividend, reverse stock split or similar event affecting the Buyer Common Stock or the Company Shares between the date hereof and the Effective Time. Stockholders of record of the Company immediately prior to the Effective Time ("Company Stockholders") shall be entitled to receive immediately at Closing in the aggregate the shares of Buyer Common Stock into which their Company Shares were converted pursuant to this Section 1.5 minus the Escrow Shares (as defined below) (the "Initial Shares"); the Buyer shall deposit in escrow at Closing pursuant to Section 1.10 the number of shares of Buyer Common Stock equal to the sum, rounded to the nearest whole number, of (i) 15% of the shares of Buyer Common Stock into which the Company Shares were converted pursuant to this Section 1.5 and (ii) the product obtained by multiplying the number of Chase Shares by 0.15, which shares shall be held and disposed of in accordance with the terms of the Escrow Agreement (the "Escrow Shares"). The Initial Shares and the Escrow Shares shall together be referred to herein as the "Merger Shares."

Preferred Conversion Ratio shall be obtained by dividing (i) the total of 25,197,795 shares of Parent Preferred Stock by (ii) the total number of outstanding Company Shares immediately prior to the Effective Time on a diluted basis. Stockholders of record of the Company as of the Closing Date (the “Post Merger Stockholders”) shall be entitled to receive 100% of the Post Merger Shares into which their Company Shares were converted pursuant to this Section 1.5.

Preferred Conversion Ratio means 80 (i.e. 8,000 PubCo Preferred Shares divided by 100 quotas).

Preferred Conversion Ratio shall have the meaning set forth in Section 1.5(b).