Conversion Ratio definition

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 Ratio means, at any time, a fraction, of which the numerator is the entire outstanding Principal Amount of this Note (or such portion thereof that is being redeemed or repurchased), and of which the denominator is the Conversion Price as of the date such ratio is being determined.

Conversion Ratio means, at any time, a fraction, the numerator of which is Stated Value and the denominator of which is the Conversion Price at such time.

Examples of Conversion Ratio in a sentence

• The holder of Multiple Voting Shares shall have the right to receive dividends, out of any cash or other assets legally available therefor, pari passu (on an as converted basis, assuming conversion of all Multiple Voting Shares into Subordinate Voting Shares at the Conversion Ratio) as to dividends and any declaration or payment of any dividend on the Subordinate Voting Shares.

• The Company shall, upon the written request at any time of any holder of Multiple Voting Shares, furnish or cause to be furnished to such holder a like certificate setting forth (A) such adjustment and readjustment, (B) the Conversion Ratio for Multiple Voting Shares at the time in effect, and (C) the number of Subordinate Voting Shares and the amount, if any, of other property which at the time would be received upon the conversion of a Multiple Voting Share.

• Except for the issuance of customarily excluded securities, the Conversion Ratio shall be subject to adjustment on a broad-based weighted average basis in the event that the Reorganized Parent issues additional equity securities at a purchase price less than the price implied by the then-current Conversion Ratio and shall be subject to customary adjustments for share splits, share combinations, share dividends, share reclassifications, or similar events.

• Each Multiple Voting Share shall be convertible, at the option of the holder thereof, at any time after the date of issuance of such share at the office of the Company or any transfer agent for such shares, into fully paid and non-assessable Subordinate Voting Shares as is determined by multiplying the number of Multiple Voting Shares by the Conversion Ratio applicable to such share, determined as hereafter provided, in effect on the date the Multiple Voting Share is surrendered for conversion.

• In such an event, the Company and the other Shareholders shall be bound to cooperate with the holders of such series of Preference Shares and the Company such that, the Company forthwith takes all necessary steps to adjust the Conversion Price and Conversion Ratio applicable to such series of Preference Shares in accordance with SCHEDULE 4 (Reserved Matters).

More Definitions of Conversion Ratio

Conversion Ratio means, at any time, a fraction, the numerator of which is the then outstanding principal amount represented by the Debentures plus accrued but unpaid interest thereon, and the denominator of which is the conversion price at such time.

Conversion Ratio has the meaning set forth in Section 2(d)(v) below.

Conversion Ratio means on any date of determination the applicable percentage of the Market Price for conversion of shares of Series A Preferred Stock into Common Shares on such day as set forth in Section 6.1.

Conversion Ratio means, at any time, a fraction, of which the numerator is Stated Value plus accrued but unpaid dividends (including any accrued but unpaid interest thereon) but only to the extent not paid in shares of Common Stock in accordance with the terms hereof, and of which the denominator is the Conversion Price at such time.

Conversion Ratio has the meaning set forth in Section 2.2(a).

Conversion Ratio shall have the meaning set forth in Section 6(b).

Conversion Ratio means the number of Underlyings into which a given number of Products may be converted.