Staggered Settlement Conversion Amount definition
Staggered Settlement Conversion Amount means, in respect of each VWAP Trading Day of the Cash Settlement Averaging Period, the product of (i) 0.04 multiplied by (ii) the Conversion Rate in effect on such day multiplied by (iii) the Daily VWAP of the ADSs on such day multiplied by (iv) the aggregate principal amount of Securities to be converted divided by $1,000.
Staggered Settlement Conversion Amount means, in respect of each VWAP Trading Day of the Cash Settlement Averaging Period, the product of (i) 0.04 multiplied by (ii) the Conversion Rate in effect on such day multiplied by (iii) the 60 Daily VWAP of the ADSs on such day multiplied by (iv) the aggregate principal amount of Securities to be converted divided by $1,000.