Maximum Number of Conversion Shares definition

Maximum Number of Conversion Shares means the product of (A) the sum of (x) a number of shares of Common Stock equal to the initial maximum conversion rate for the Mandatory Convertible Preferred Stock set forth in the Certificate of Determination and (b) to the extent so elected by the Company in connection with any such conversion, the number of shares of Common Stock deliverable by the Company upon conversion in respect of dividends payable upon conversion of the Shares (whether or not declared) (assuming the Company elects to issue and deliver, in respect of accumulated and unpaid dividends (whether or not declared), the maximum number of shares of Common Stock in connection with any such conversion), multiplied by (B) the aggregate number of Shares, in each case in accordance with the terms of the Certificate of Determination.
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Maximum Number of Conversion Shares means, as of any time of determination, the sum of (A) the aggregate number of shares of Common Stock issued before such time to settle conversions of the Series A Preferred Stock (subject to proportionate adjustment for stock splits, dividends and combinations and similar transactions), if any, plus (B) the maximum number of shares of Common Stock that would be required to settle the conversion of all shares of Series A Preferred Stock issued and outstanding at such time based on the Conversion Price in effect as of such time.
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Maximum Number of Conversion Shares means the product of (A) the sum of (x) a number of shares of Common Stock deliverable by the Company upon conversion of a share of Mandatory Convertible Preferred Stock at a conversion rate equal to the initial maximum conversion rate for the Mandatory Convertible Preferred Stock set forth in the Certificate of Designation (as may be increased pursuant to any Fundamental Change (as defined in the Certificate of Designations)) and (y) the maximum number of shares of Common Stock deliverable by the Company in respect of dividends payable on a share of Mandatory Convertible Preferred Stock (whether or not declared), multiplied by (B) the aggregate number of Shares (assuming the exercise in full of the option set forth in Section 2(a)(ii)), in each case in accordance with the terms of the Certificate of Designation.
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Examples of Maximum Number of Conversion Shares in a sentence

  • As mentioned above, assuming that all the 32,258,063 Conversion Shares (being the Maximum Number of Conversion Shares) are issued, the Conversion Shares held by the Lenders in aggregate will represent approximately 9.27% of the issued and paid up share capital of the Company on an enlarged basis and will fall within the limits of the 2020 AGM General Mandate.

  • The Company shall have filed the requisite listing application with the NYSE for the listing of the Shares and a number of Conversion Shares equal to the Maximum Number of Conversion Shares on the NYSE.

  • The Maximum Number of Conversion Shares, when fully issued upon the Lenders’ exercise of their Conversion Right pursuant to the Convertible Loan Agreement and subject to the assumptions above, falls within the limits of the 2020 AGM Mandate.

  • The Issuer shall have filed the requisite listing application with the NYSE for the listing of the Securities and the Maximum Number of Conversion Shares on the NYSE.

  • Prevailing interest rates for all deposit accounts (savings, checking and time deposits) can be seen in the deposit rate sheet posted inside the Bank’s premises.

  • To reserve and keep available at all times during the period from and including the Closing Date through and including February 15, 2018, free of preemptive or similar rights, a number of Conversion Shares equal to the Maximum Number of Conversion Shares less the aggregate number of Conversion Shares issued in connection with the conversion of Preferred Shares during such period.

  • The Delegation joined other delegations who had already expressed their interests in having a balanced work program for the SCP.

  • Subject to satisfaction of the NYSE listing conditions, the Company shall have filed the requisite listing application with the NYSE for the listing of the Shares and a number of Conversion Shares equal to the Maximum Number of Conversion Shares on the NYSE.

  • At the Closing Time, the Shares and a number of Conversion Shares equal to the Maximum Number of Conversion Shares shall have been approved for listing on The Nasdaq Global Select Market, subject to official notice of issuance.(j) Certificate of Designations.

  • At Atlantia's EGM, its shareholders approved an increase in par value of share capital of€18,455,815.00 through the issue of up to 18,455,815 ordinary Atlantia shares with a par value of €1.00 each, to service the Contingent Value Rights (the " Maximum Number of Conversion Shares"), computed as the difference between:a.

Related to Maximum Number of Conversion Shares

  • Maximum Number of Shares is defined in Section 2.1.4.

  • Interest Conversion Shares shall have the meaning set forth in Section 2(a).

  • Conversion Share means any share of Common Stock issued or issuable upon conversion of any Note.

  • Programme Maximum Number of ETP Securities means 1,000,000,000.

  • Conversion Shares means, collectively, the shares of Common Stock issuable upon conversion of the shares of Preferred Stock in accordance with the terms hereof.

  • Maximum Share Amount shall have the meaning set forth in Section 2.01(c).

  • Maximum Number of Securities shall have the meaning given in subsection 2.1.4.

  • Interest Share Amount shall have the meaning set forth in Section 2(a).

  • Conversion Stock means shares of Common Stock issued upon conversion of the Preferred Stock.

  • Additional Shares shall have the meaning specified in Section 14.03(a).

  • Pre-Funded Warrant Shares means the shares of Common Stock issuable upon exercise of the Pre-Funded Warrants.

  • Common Warrant Shares means the shares of Common Stock issuable upon exercise of the Common Warrants.

  • Applicable Conversion Price means the Conversion Price in effect at any given time.

  • New Conversion Price means the amount determined in accordance with the following formula, which shall apply from the QTE Effective Date: NCP = ECP * (VWAPAES / VWAPOS) where:

  • Per Share Amount has the meaning set forth in Section 2.01(e)(iii).

  • Forced Conversion Amount means the sum of (a) 100% of the aggregate Stated Value then outstanding, (b) accrued but unpaid dividends and (c) all liquidated damages and other amounts due in respect of the Preferred Stock.

  • Date of Conversion Conversion Price:_______________________________________________________________ Shares To Be Delivered:_________________________________________________________ Signature:______________________________________________________________________ Print Name:_____________________________________________________________________ Address:________________________________________________________________________

  • Number of Shares As of any date, the product of (i) the Number of Options, (ii) the Conversion Rate and (iii) the Applicable Percentage.

  • Maximum Number means that number of directors constituting the greater of (x) two and (y) 20% of the total number of directors of the Corporation on the last day on which a Nomination Notice may be submitted pursuant to this Section 3.11 (rounded down to the nearest whole number), which number shall be reduced as set forth in Section 3.11.c.i.

  • Conversion Amount means the sum of the Stated Value at issue.

  • Number of Option Shares means shares of Stock, as adjusted from time to time pursuant to Section 9.

  • Daily Share Amount means, with respect to any VWAP Trading Day, the quotient obtained by dividing (A) the excess, if any, of the Daily Conversion Value for such VWAP Trading Day over the applicable Daily Maximum Cash Amount by (B) the Daily VWAP for such VWAP Trading Day. For the avoidance of doubt, the Daily Share Amount will be zero for such VWAP Trading Day if such Daily Conversion Value does not exceed such Daily Maximum Cash Amount.

  • Series B Conversion Price means, as of the applicable Conversion Date, the greater of (A) the average of the Market Values of the Common Stock for the five consecutive Trading Days preceeding (but not including) such Conversion Date, or (B) the then effective Series B Minimum Conversion Price.

  • Company Conversion Price means, the lower of (i) the applicable Conversion Price and (ii) that price which shall be computed as 90% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the twenty (20) consecutive Trading Days immediately following the applicable Installment Date (each such period, a "Company Conversion Measuring Period"). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction that proportionately decreases or increases the Common Stock the applicable such Company Conversion Measuring Period.

  • Designated Preferred Stock means Preferred Stock of the Company or any direct or indirect parent of the Company (other than Disqualified Stock), that is issued for cash (other than to the Company or any of its Subsidiaries or an employee stock ownership plan or trust established by the Company or any of its Subsidiaries) and is so designated as Designated Preferred Stock, pursuant to an Officers’ Certificate, on the issuance date thereof.

  • Warrant Share Delivery Date shall have the meaning set forth in Section 2(d)(i).