Conversion Premium definition

Conversion Premium means the quotient obtained by dividing (x) the Conversion Price in effect as of the applicable date of determination, by (y) the arithmetic average of the ten (10) Weighted Average Prices of the Common Stock on each Trading Day during the ten (10) consecutive Trading Days immediately preceding the applicable date of determination. All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination, reclassification or other similar transaction during such period.

Conversion Premium for each portion of Warrant means the Purchase Price, multiplied by the product of (i) the applicable Premium Rate, and (ii) the number of whole years between the Issuance Date and the Warrant Maturity Date.

Conversion Premium for each share of Series C Preferred Stock means the Face Value, multiplied by the product of (i) the applicable Dividend Rate, and (ii) the number of whole years between the Issuance Date and the Dividend Maturity Date.

Examples of Conversion Premium in a sentence

• New Sales commissions above the basic rate of pay will be based upon the New Sales Conversion Premium Incentive Rate Table #3.

• If the Lender elects to convert, the Lender will be deemed to receive the principal amount of the Loan to be converted plus the Conversion Premium which will together then be deemed to be paid to the Company for the Conversion Shares pursuant to Clause 5.2 (Conversion Rights).

• For any Automatic Conversion or Optional Conversion based on the Maximum Common Equity Value, the Conversion Amount will be multiplied by the “Conversion Premium Factor” The Conversion Premium Factor will be 1.15.

• Be responsible for the payment of the Conversion Premium, the Development Order Charge and all other fees, charges, premiums, levies, duties, penalties, dues payable to the relevant authorities; (if any).

• Ranking: Senior unsecured Last Reported Sale Price on April 10, 2012: $16.53 Conversion Premium: 29.0% Initial Conversion Price: Approximately $21.32 Initial Conversion Rate: 46.8962 Use of Proceeds: We estimate that the net proceeds from this offering will be approximately $193.0 million (or approximately $222.0 million if the initial purchasers exercise their option to purchase additional notes in full), after deducting fees and estimated expenses.

More Definitions of Conversion Premium

Conversion Premium means $0.2247.

Conversion Premium means One Hundred Twenty-Five Percent (125%).

Conversion Premium for each portion of Debenture means the Face Value, multiplied by the product of (i) the applicable Interest Rate, and (ii) the number of whole years between the Issuance Date and the Interest Maturity Date.

Conversion Premium means One Hundred Twenty Five Percent (125%).

Conversion Premium shall have the meaning described in Section 7(f).

Conversion Premium with respect to any issuance of MEDS, shall be equal to the quotient of (i) the Threshold Appreciation Price less the Initial price, divided by (ii) the Initial Price.

Conversion Premium means 20.00 per cent.