Adjusted Conversion Rate definition

Adjusted Conversion Rate means, for each share of Series S Junior Preferred Stock, that number of shares of Common Stock determined by reference to the Initial Conversion Rate (as adjusted pursuant to Section II(d), as applicable) multiplied by an amount equal to one less a fraction, the numerator of which is 200,000,000 and the denominator of which is the Initial Conversion Rate in effect on the Closing Date (without adjustment pursuant to Section II(d)) multiplied by the number of shares of Series S Junior Preferred Stock then outstanding, the amount resulting from such calculation being rounded, if necessary, to the nearest one ten-thousandth, with five one-hundred thousandths rounded upwards.

Adjusted Conversion Rate means, for each share of Series A Preferred Stock, the sum of (i) the Conversion Rate plus (ii) the quotient obtained by dividing the Accrued Dividends with respect to such share of Series A Preferred Stock by the Conversion Price.

Adjusted Conversion Rate means (i) the liquidation amount per share of Designated Preferred Stock divided by (ii) the weighted average price at which the shares of common equity securities were sold or the price implied by the conversion of securities into common equity securities in all Applicable Transactions (if any), subject to the anti-dilution provisions set forth in Appendix A.

Examples of Adjusted Conversion Rate in a sentence

• Upon receipt of such stockholder approval, the Corporation shall further adjust the Partially Adjusted Conversion Rate to equal the Fully Adjusted Conversion Rate, as such Conversion Rate may be further adjusted pursuant to the Certificate of Designation.

• The "Specially Adjusted Conversion Rate" is 110% of the Maker's Average Stock Price for the trading days occurring during the 30 calendar days immediately preceding the Special Adjustment Date; provided, that the Specially Adjusted Conversion Rate shall not be lower than $1.00 per share (as adjusted after the date of this Note for events described in the first sentence of Section 5(b) above).

• With effect as of immediately prior to the Closing, the Board of Directors of the Company shall increase the Conversion Rate from the Conversion Rate (as such term is defined in the Series B CoD) to the Adjusted Conversion Rate pursuant to, and in accordance with, Section 11(a)(xii) of the Series B CoD.

• A Buyer shall not sell, assign or otherwise transfer any of their respective Notes during the period that the Adjusted Conversion Rate is in effect unless such transferee agrees in writing to comply with all of the provisions of this Agreement, including Section 1.2 of this Agreement.

• In accordance with the provisions of Section 1209 of the Indenture, following the Merger, a Holder of a Security shall have the right to convert such Security into shares of St. Xxxx Common Stock at a rate of 8.3217 shares of St. Xxxx Common Stock per $1,000 principal amount at maturity of the Securities (the "Adjusted Conversion Rate").

More Definitions of Adjusted Conversion Rate

Adjusted Conversion Rate means the Base Conversion Rate, as adjusted pursuant to paragraph 9, as applicable. “Applicable Amount” shall have the meaning set forth in paragraph 5(a)(ii) hereof.

Adjusted Conversion Rate means the product of (A) the Conversion Rate in effect immediately prior to the date of the Subsidiary Distribution and (B) 1.04.

Adjusted Conversion Rate means initially 49.1713 shares of Common Stock per Series B Preferred Share, subject to adjustment in the same manner, and at the same time, as the Conversion Rate (as such term is defined in the Series B CoD) in connection with any issuance, dividend or distribution described in Section 11(a)(i) of the Series B CoD.

Adjusted Conversion Rate means the Base Conversion Rate, as adjusted pursuant to paragraph 9, as applicable.

Adjusted Conversion Rate as defined in Section 10.4(c).

Adjusted Conversion Rate means the Conversion Rate divided by ([***]% minus FX Volume Adjustment);

Adjusted Conversion Rate shall have the meaning specified in Section 14.01.