Examples of Interest Conversion Price in a sentence
Interest to be paid on an Interest Date in Interest Shares shall be paid in a number of fully paid and nonassessable (rounded to the nearest whole share in accordance with Section 3(a)) ADRs equal to the quotient of (a) the amount of Interest payable on such Interest Date less any Cash Interest paid and (b) the Interest Conversion Price in effect on the applicable Interest Date.
Subject to the approval of the Board and the Canadian Securities Exchange, the Company may, if it deems appropriate, reduce the proposed New Interest Conversion Price to be recorded in the supplemental trust indenture at the time of execution.The full text of each of the Extraordinary Resolution is attached to this Circular as Appendix “A”.
The interest payable on the 2023 $0.50 Debentures, is also considered to be a financial liability as it is convertible into a variable number of SVS based on the Interest Conversion Price, if and when converted.
After receipt of the redemption notice, holders may elect to convert all or a portion of the principal amount into units at CAD $0.55 per unit and convert all or a portion of related bonus interest and accrued and unpaid interest into SVS at the Interest Conversion Price.
After receipt of the redemption notice, holders may elect to convert all or a portion of the principal amount into units at CAD $0.50 per unit and convert all or a portion of accrued and unpaid interest into SVS at the Interest Conversion Price.