Initial Conversion Price definition

Initial Conversion Price has the meaning specified in Section 13.01.

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

Initial Conversion Price when used with respect to any Security, means the price at which the Common Stock shall be delivered upon conversion of such Security, prior to any adjustment of such price as provided herein.

Examples of Initial Conversion Price in a sentence

• On 31 December 2019 (after trading hours), the Company entered into the Amendment Agreement with the Bondholder pursuant to which the Company and the Bondholder have conditionally agreed to amend the conversion price under the Convertible Bonds from the Initial Conversion Price to the Adjusted Conversion Price.

• On each of the first anniversary and second anniversary of the Closing Date (each such anniversary, a “Reset Date”), if the Volume Weighted Average Closing Price of the Company’s Ordinary Shares during any consecutive 40-Trading Day period in the 12 months preceding the relevant Reset Date (the “Reference Price”) is below 85% of the Initial Conversion Price, the Conversion Price shall be adjusted to 115% of such Reference Price.

• Assuming a total of 312,000,000 Conversion Shares are issued upon exercise of Conversion Rights at the Initial Conversion Price, the net price per Conversion Share is HK$0.248.

• Proposed Amendment Pursuant to the Amendment Agreement, the Company and the Bondholder have conditionally agreed to amend the conversion price under the Convertible Bonds from the Initial Conversion Price to the Adjusted Conversion Price.

• Proposed Amendment Pursuant to the Amendment Agreement, the Company and the Bondholder conditionally agreed to amend the conversion price under the Convertible Bonds from the Initial Conversion Price of HK$2.50 per Conversion Share to the Adjusted Conversion Price of HK$0.80 per Conversion Share (the ‘‘Proposed Amendment’’) commencing from the Effective Date.

More Definitions of Initial Conversion Price

Initial Conversion Price means (i) with respect to each share of Preferred Stock issued on the Original Issuance Date, $41.26 per share of Common Stock and (ii) with respect to each share of Preferred Stock issued as payment of a Preferred Dividend in accordance with Section 4, the Conversion Price in effect immediately prior to the issuance of such share.

Initial Conversion Price means $0.75.

Initial Conversion Price means, for each share of Designated Preferred Stock, an amount equal to $0.40.

Initial Conversion Price means $3.00 (as adjusted for any split, subdivision, combination, consolidation or reclassification of the Common Stock).

Initial Conversion Price means $2.70.

Initial Conversion Price means $19.00 per share, subject to adjustment from time to time pursuant to Section 6(d) hereof.

Initial Conversion Price means $5.00.