Maturity Conversion Price definition

Maturity Conversion Price means the product of (A) 95% multiplied by (B) the arithmetic average of the Weighted Average Price of the Common Stock on each trading day during the 30 consecutive trading days immediately preceding the Mandatory Conversion or Redemption Date.

Maturity Conversion Price means that price which shall be the lower of (i) the applicable Conversion Price and (ii) the price computed as 95% of the arithmetic average of the Weighted Average Price of the Common Shares during each of the twelve (12) consecutive Trading Days beginning on the Trading Day immediately following the Maturity Date (such period, the "Maturity Conversion Measuring Period"); provided, however, that if such arithmetic average of the Weighted Average Price during the Maturity Conversion Measuring Period shall yield a price that is less than $1.00, then the Maturity Conversion Price shall be computed as 90% of the arithmetic average of the Weighted Average Price of the Common Shares during the Maturity Conversion Measuring Period. Notwithstanding the foregoing, in the event that as a result of the application of the Exchange Cap the Company is unable to issue Common Shares on the Maturity Settlement Date using the Maturity Conversion Price as calculated pursuant to the foregoing sentence, then the Maturity Conversion Price shall be the price equal to the arithmetic average of the Weighted Average Price of the Common Shares during each of the five (5) consecutive Trading Days ending on the Trading Day immediately preceding the Maturity Settlement Date.

Maturity Conversion Price means, as of any date of determination, $3.13 per share of Common Stock (as such price may have been adjusted on or prior to such date pursuant to Section 4.1 or 4.2, if applicable).

Examples of Maturity Conversion Price in a sentence

• The foregoing provisions of Section 6(a) notwithstanding, in no event shall the Maturity Conversion Price be less than the Floor Price per share except as the result of an adjustment as a result of the application of Section 9(b).

• If DMSL elects to extend the maturity date, the Company may (1) pay the principal amount in cash immediately or (2) convert the debt to shares on the Second Maturity Date at a price equal to the greater of a) the Maturity Conversion Price and b) 90% of the volume weighted average trading price of the common shares for the five trading days ending immediately prior to the Second Maturity Date.

• The conversion price was Cdn$3.74, being the greater of the Maturity Conversion Price and 90% of the volume weighted average trading price of the Company’s common shares for the five trading days ended August 6, 2012 (Cdn$3.13).

• The Change of Control Notice shall include (A) the material terms and conditions of the proposed transaction, including the material terms of all transaction documents to be entered into by other holders of the Common Stock in connection with the applicable Change of Control, (B) the anticipated date on which the Change of Control will occur, and (C) the Maturity Conversion Price.

• Submit to Salisbury University official transcripts from all col- leges and universities attended indicating a baccalaureate degree in an appropriate content area*.

More Definitions of Maturity Conversion Price

Maturity Conversion Price means the arithmetic average of the Weighted Average Price of the Common Stock on each trading day during the Maturity Measuring Period.

Maturity Conversion Price means the arithmetic average of the Weighted Average Price of the Common Stock on each trading day during the Maturity Measuring Period; PROVIDED, HOWEVER, that if the Weighted Average Price of the Common Stock on any trading day during the Maturity Measuring Period is less than the Maturity Threshold Price (each such trading day, a "PRICE FAILURE DATE") then for purposes of the calculations of the Maturity Conversion Price, the Weighted Average Price of the Common Stock on each such Price Failure Date shall be equal to the Maturity Threshold Price.

Maturity Conversion Price means the product of (A) 95% multiplied by (B) the arithmetic average of the Weighted Average Price of the Common Stock on each trading day during the 30 consecutive trading days immediately preceding the Maturity Date. All such determinations shall be appropriately adjusted for any stock dividend, stock split or other similar transaction during such period.

Maturity Conversion Price means the arithmetic average of the Weighted Average Price of the Common Stock on each trading day during the Maturity Measuring Period; provided, however, that for each Price Failure Date during the Maturity Measuring Period, for purposes of calculating the Maturity Conversion Price, the Weighted Average Price of the Common Stock on such Price Failure Date shall be equal to $3.00 (subject to adjustment for stock splits, stock dividends, stock combinations and similar transactions).

Maturity Conversion Price means the lesser of (A) the arithmetic average of the Closing Bid Price of the Common Stock on each trading day during the 20 consecutive trading days immediately preceding the trading day immediately preceding the Maturity Date and (B) the Closing Bid Price on the trading day immediately preceding the Maturity Date.

Maturity Conversion Price shall have the meaning set forth in Section 6(c)(iii).

Maturity Conversion Price means the product of (i) 100% and (y) the lesser of (A) the arithmetic average of the Closing Bid Price of the Common Stock on each trading day during the 20 consecutive trading days immediately preceding the Mandatory Conversion or Redemption Date and (B) the Closing Bid Price on the trading day immediately preceding the Mandatory Conversion or Redemption Date.