Minimum Conversion Amount definition

Minimum Conversion Amount means (i) a number of Preferred Units having an aggregate value of $20.0 million, which value is calculated by multiplying the number of Preferred Units to be converted by the Preferred Unit Price or (ii) if the value of the Preferred Units (calculated in accordance with clause (i) above) to be converted by the Preferred Holder requesting conversion does not equal or exceed $20.0 million, then all of the Preferred Units held by such Preferred Holder.

Minimum Conversion Amount means (a) a number of Class A Preferred Units having an aggregate value of $20.0 million, which value is calculated by multiplying (i) the number of Class A Preferred Units to be converted by (ii) the Class A Preferred Unit Price or (b) if the value of the Class A Preferred Units (calculated in accordance with clause (a) above) to be converted by the Class A Preferred Holder(s) requesting conversion does not equal or exceed $20.0 million, then all of the Class A Preferred Units held by the applicable Class A Preferred Holder.

Minimum Conversion Amount means (i) a number of Class A Preferred Units having a Liquidation Value that exceeds $25,000,000 or (ii) if the Liquidation Value of the Class A Preferred Units to be converted by the Class A Preferred Holder(s) requesting conversion does not equal or exceed $25,000,000, then all of the Class A Preferred Units held by the applicable Class A Preferred Holder(s).

Examples of Minimum Conversion Amount in a sentence

• Notwithstanding the foregoing, no Holder may convert any portion of such Holder’s Notes unless the Notes delivered for conversion represent (1) at least $250,000 in aggregate principal amount of Notes (the “Minimum Conversion Amount”) or (2) if less than the Minimum Conversion Amount, all of the Notes held at such time by Holder.

• Unless agreed to by the Holder, a Forced Conversion may not be exercised by the Company if: i) the Common Stock to be issued is not eligible for resale pursuant to Rule 144, ii) the Conversion Price is less than the Floor Price (defined below), and iii) the conversion amount (including interest) is less than $15,000 (the “Minimum Conversion Amount”), unless the note balance and remaining interest is less than the Minimum Conversion Amount.

• Notwithstanding the foregoing, no Holder may convert any portion of such Holder’s Notes unless the Notes delivered for conversion represent (1) at least the Minimum Conversion Amount or (2) if less than the Minimum Conversion Amount, all of the Notes held at such time by Xxxxxx.

• Notwithstanding the foregoing, no Holder may convert any portion of such Holder’s Notes unless the Notes delivered for conversion represent (1) at least the Minimum Conversion Amount or (2) if less than the Minimum Conversion Amount, all of the Notes held at such time by Holder.

• At any time or times on or after the Issuance Date, the Holder shall be entitled to convert, any part equal to or in excess of the Minimum Conversion Amount of the outstanding and unpaid principal amount of this Note into fully paid and nonassessable shares of Common Stock at the Conversion Rate (as defined below).

More Definitions of Minimum Conversion Amount

Minimum Conversion Amount means (i) a number of Class B Preferred Units having an aggregate value of $17.5 million, which value is calculated by multiplying the number of Class B Preferred Units to be converted by the Class B Preferred Conversion Price or (ii) if the value of the Class B Preferred Units (calculated in accordance with clause (i) above) to be converted by the Class B Preferred Holder requesting conversion does not equal or exceed $17.5 million, then all of the Class B Preferred Units held by such Class B Preferred Holder.

Minimum Conversion Amount means (i) a number of Class A Preferred Units having an aggregate value of $1.0 million, which value is calculated by multiplying (A) the number of Class A Preferred Units to be converted by (B) the Class A Preferred Unit Price, or (ii) if the value of the Class A Preferred Units (calculated in accordance with clause (i) above) to be converted by the Class A Preferred Holder requesting conversion does not equal or exceed $1.0 million, then all of the Class A Preferred Units held by such Class A Preferred Holder.

Minimum Conversion Amount as defined in Section 2.13(b)(i).

Minimum Conversion Amount means a minimum principal amount of $5,500,000.

Minimum Conversion Amount means, with respect to each holder’s Class B Units, a number of Class B Units having a value of $50.0 million (or lesser amount if such number represents all outstanding Class B Units), which value is calculated by multiplying the number of Class B Units to be converted by the VWAP Price as of the date on which the holder of a Class B Unit delivers notice to the Partnership of its election to convert a portion or all of its Class B Units pursuant to Section 5.9(c)(i).

Minimum Conversion Amount means $5,000,000;

Minimum Conversion Amount shall have the meaning specified in Section 14.01. “Minimum Principal Amount” means a majority in aggregate principal amount of the Notes then outstanding. “Multiemployer Plan” means a multiemployer plan as defined in Section 4001(a)(3) of ERISA. “Note” or “Notes” shall have the meaning specified in the first paragraph of the recitals of this Agreement. Any Initial Notes, any PIK Notes and any Additional Notes shall be treated as a single class for all purposes under this Agreement, including, without limitation, waivers, amendments and offers to purchase. Unless the context otherwise requires, (a) all references to the “Notes” include any Initial Notes, any PIK Notes and any Additional Notes and (b) all references to “principal amount” of Notes include any increase in the principal amount of outstanding Notes (including PIK Notes and any Additional Notes) as a result of a PIK Payment and references to “payment of principal” shall include, to the extent applicable, the payment of the Fundamental Change Repurchase Price, the Change of Control Repurchase Price, or the redemption price in respect of a Change of Control Redemption. Unless the context otherwise requires, any express mention of Additional Notes or PIK Notes, as applicable, in any provision hereof shall not be construed as excluding Additional Notes or PIK Notes, as applicable, in those provisions hereof where such express mention is not made. “Note Guarantee” shall have the meaning specified in Section 16.01. “Note Purchase Agreement” means that certain Note Purchase Agreement, dated as of July 20, 2023, by and among the Company, Parent and Appgate Funding, LLC, as lender, as such agreement may be amended, supplemented or otherwise modified from time to time in accordance with its terms.