Examples of Series C Price in a sentence
In the event that the Maturity Date applicable to any Note occurs prior to the time when such Note shall be converted pursuant to Section 2.2(a) or 2.2(b) above, the entire Balance of such Note shall be automatically converted into that number of Conversion Shares equal to the quotient obtained by dividing (i) the Balance of such Note by (ii) the Series C Price Per Share.
For the interest payments due in 2014 and 2015, PWC elected to make the interest payments on PWC Series C Notes by way of a transfer of VersaBank Common Shares held by PWC, as follows: Number of VersaBank Common Shares held by PWC transferred to PWC Series C Price per VersaBank Common Interest Payment Date Noteholders Share December 31, 2015 On June 30, 2016 and prior to June 30, 2014, PWC paid the interest payable on PWC Series C Notes in cash.
The separate Series C vote as per subsection (iii) hereof shall however not apply in the event the holders of Series C receive in cash at the closing of the Exit Event an amount equal to at least 2 times the Applicable Per Share Series C Price.
The 2019 NPA contains a “Maturity Conversion” provision:In the event that the Maturity Date applicable to any Note occurs prior to the time when such Note shall be converted pursuant to Section 2.2(a) or 2.2(b) above, the entire Balance of such Note shall be automatically converted into that number of Conversion Shares equal to the quotient obtained by dividing (i) the Balance of such Note by (ii) the Series C Price Per Share.