Reference Conversion Rate definition

Reference Conversion Rate means a conversion rate equal to 43.4027 shares of the Common Stock per $1,000 principal amount of Debentures, adjusted in the same manner as and as of any date on which the Conversion Rate is adjusted as set forth in Section 8.04. Notwithstanding anything in this Indenture to the contrary, in no event shall the Conversion Rate be increased to more than 43.4027 shares of Common Stock per $1,000 principal amount of Debentures pursuant to the events described in this Section 8.03, subject to adjustment in the same manner as the Conversion Rate pursuant to Section 8.04.
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Reference Conversion Rate has the meaning specified in Section 8.03(b).
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Reference Conversion Rate shall have the meaning assigned to such term in Section 3.01(a)(iii).
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Examples of Reference Conversion Rate in a sentence

  • If the Contract is drawn up in foreign currency and if the Insured does not hold a cover in foreign currency, Credendo may decide to provide compensation for the Loss resulting from the non-payment risk, either in this foreign currency or in euros, on the basis of the lowest of the following rates: > the Maximum Conversion Rate; or > the Reference Conversion Rate prevailing on the expiry date of the Waiting Period for converting the foreign currency into euros.

  • If the amounts to be listed in the loss account are expressed in foreign currency, they shall be converted into euros at the Reference Conversion Rate prevailing on the day on which they were incurred or collected.

  • If the Contract is drawn up in foreign currency, Credendo may decide to compensate for the Loss resulting from the termination risk either in euros or in the foreign currency by converting the balance of the loss account into the foreign currency at the Reference Conversion Rate prevailing on the date on which the indemnity receipt was issued.

  • If the extraordinary costs are incurred in a foreign currency, Credendo may decide to provide compensation for these costs: > either in the foreign currency in question; > or in euros, converting the foreign currency into euros at the Reference Conversion Rate prevailing on the day these costs were incurred.

  • If the bank account in relation to which the Bank Guarantee is established is in a foreign currency, Credendo may decide to provide compensation for the Loss resulting from Bank Guarantee call: > either in the foreign currency in question; > or in euros, converting the foreign currency into euros at the Reference Conversion Rate prevailing on the date on which the Insured’s bank account has been debited following the Bank Guarantee call.

  • Calculation of the indemnity in the event of cover in foreign currency Credendo may decide to provide Compensation for a Loss resulting from a non-payment risk: > either in the foreign currency in question; > or in euros, converting the foreign currency into euros at the Reference Conversion Rate prevailing on the expiry date of the Waiting Period.

  • Changes to the Reference Conversion Rate so specified shall come into effect immediately without prior notice.

  • Applying the Reference Conversion Rate of £0.7958 = €1 on the Reference Conversion Date of 9 June 2008 the sterling amount of the Further 2007 Dividend is 13.274 pence per share.

  • The purpose of this Supplementary Circular is to:• advise Shareholders of the Reference Conversion Rate between euro and sterling as at 9 June 2008;• advise Shareholders of the Scrip Share Price, being the price at which Scrip Shares will be issued, fully paid; and• provide further details about the terms on which the Scrip Shares are to be offered to Shareholders.

  • Holders of Ordinary Shares on the register of members of the Company at the close of business (Guernsey time) on 6 June 2008 (the "Record Date") may elect to receive one Scrip Share for every 16.883 Ordinary Shares registered in their name on that date in place of the cash dividend of 13.274 pence per Ordinary Share (being the sterling equivalent of the 16.68 euro cents per Ordinary Share Further 2007 Dividend at the Reference Conversion Rate).

Related to Reference Conversion Rate

  • Interest Conversion Rate means the lesser of (a) the Conversion Price or (b) 90% of the lesser of (i) the average of the VWAPs for the 20 consecutive Trading Days ending on the Trading Day that is immediately prior to the applicable Interest Payment Date or (ii) the average of the VWAPs for the 20 consecutive Trading Days ending on the Trading Day that is immediately prior to the date the applicable Interest Conversion Shares are issued and delivered if such delivery is after the Interest Payment Date.

  • Applicable Conversion Rate means the Conversion Rate in effect at any given time.

  • Fixed Conversion Rates means the Maximum Conversion Rate and the Minimum Conversion Rate.

  • Series A Conversion Rate means, as adjusted pursuant to Section 5.8(b)(vi)(E), the number of Common Units issuable upon the conversion of each Series A Preferred Unit, which shall be the quotient of (a) the sum of (i) the Series A Issue Price, plus (ii) any Series A Unpaid Distributions on the applicable Series A Preferred Unit, plus (iii) only for purposes of the definition of “Series A COC Conversion Rate,” any Series A Partial Period Distributions on the applicable Series A Preferred Unit, divided by (b) the Series A Issue Price.

  • Fixed Conversion Price shall have the meaning set forth in Section 4(b).

  • Conversion Rate shall have the meaning specified in Section 14.01(a).

  • Base Conversion Price shall have the meaning set forth in Section 5(b).

  • Interest Conversion Price means, with respect to any Interest Date, that price which shall be computed as 100.0% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the ten (10) consecutive Trading Days immediately preceding the applicable Interest Date (each, an “Interest Measuring Period”). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during such period.

  • Applicable Conversion Price means the Conversion Price in effect at any given time.

  • Daily Conversion Value means, for each of the 40 consecutive Trading Days during the relevant Observation Period, 2.5% of the product of (a) the Conversion Rate on such Trading Day and (b) the Daily VWAP on such Trading Day.

  • New Conversion Price means the amount determined in accordance with the following formula, which shall apply from the QTE Effective Date: NCP = ECP * (VWAPAES / VWAPOS) where:

  • Alternate Conversion Price means, with respect to any Alternate Conversion that price which shall be the lowest of (i) the applicable Conversion Price as in effect on the applicable Conversion Date of the applicable Alternate Conversion, (ii) 70% of the lowest Closing Sale Price of the Common Stock during the twenty (20) consecutive Trading Day period ending and including the date of delivery or deemed delivery of the applicable Conversion Notice (such period, the “Alternate Conversion Measuring Period”). All such determinations to be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or similar transaction that proportionately decreases or increases the Common Stock during such Alternate Conversion Measuring Period.

  • Conversion Value means, with respect to Convertible Capital Appreciation Bonds, the Accreted Value as of the Conversion Date.

  • Automatic Conversion Date has the meaning set forth in Section 7(c).

  • Forced Conversion Amount means the sum of (i) 100% of the aggregate Stated Value then outstanding, (ii) accrued but unpaid dividends and (iii) all liquidated damages and other amounts due in respect of the Series B Preferred Stock.

  • Mandatory Conversion Date has the meaning set forth in Section 7(a).

  • Variable Conversion Price means the lesser of (i) the Conversion Price or (ii) 25% multiplied by the Market Price (as defined herein) (representing a discount rate of 75%). “Market Price” means the average of the lowest three (3) Trading Prices (as defined below) for the Common Stock during the ten (10) Trading Day period ending on the latest complete Trading Day prior to the Conversion Date. “Trading Price” means, for any security as of any date, the closing bid price on the Over-the-Counter Market, or applicable trading market (the “OTCQB”) as reported by a reliable reporting service (“Reporting Service”) designated by the Holder (i.e. Bloomberg) or, if the OTCQB is not the principal trading market for such security, the closing bid price of such security on the principal securities exchange or trading market where such security is listed or traded or, if no closing bid price of such security is available in any of the foregoing manners, the average of the closing bid prices of any market makers for such security that are listed in the “pink sheets” by the National Quotation Bureau, Inc. If the Trading Price cannot be calculated for such security on such date in the manner provided above, the Trading Price shall be the fair market value as mutually determined by the Borrower and the holders of a majority in interest of the Notes being converted for which the calculation of the Trading Price is required in order to determine the Conversion Price of such Notes. “Trading Day” shall mean any day on which the Common Stock is tradable for any period on the OTCQB, or on the principal securities exchange or other securities market on which the Common Stock is then being traded, provided, however, that at no time, notwithstanding the occurrence of an Event of Default, may the Conversion Price be less than par value of Common Stock.

  • Initial Conversion Price has the meaning specified in Section 13.01.

  • Final Conversion Date means 5:00 p.m. in New York City, New York on the earlier to occur following the IPO of (i) the first Trading Day falling on or after the date on which the outstanding shares of Class B Common Stock represent less than ten percent (10%) of the aggregate number of shares of the then outstanding Class A Common Stock and Class B Common Stock, (ii) the tenth (10th) anniversary of the IPO or (iii) the date specified by affirmative vote of the holders of a majority of the outstanding shares of Class B Common Stock, voting as a single class.

  • Default Conversion Price shall have the meaning set forth in Section 4(b).

  • Conversion Amount means the sum of the Stated Value at issue.

  • Company Conversion Price means, the lower of (i) the applicable Conversion Price and (ii) that price which shall be computed as ninety five percent (95%) of the lowest Volume Weighted Average Price of the Common Stock during the fifteen (15) consecutive Trading Days immediately preceding the applicable Installment Date. All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction.

  • Conversion Ratio means the ratio (expressed as the number of Shares to which one Warrant relates) specified by the Issuer, subject to adjustments in accordance with these Conditions.

  • Conversion Date shall have the meaning set forth in Section 4(a).

  • Forced Conversion Date shall have the meaning set forth in Section 6(d).

  • Series B Conversion Price means, as of the applicable Conversion Date, the greater of (A) the average of the Market Values of the Common Stock for the five consecutive Trading Days preceeding (but not including) such Conversion Date, or (B) the then effective Series B Minimum Conversion Price.