Adjusted Conversion Price definition

Adjusted Conversion Price means the lesser of the Fixed Conversion Price or the Floating Conversion Price one day prior to the record date set for the determination of stockholders entitled to receive dividends, distributions, rights or warrants as provided for in Sections 4(c)(ii), (iii) and (iv).

Adjusted Conversion Price means, with respect to any share of Series B Preferred Stock, at any time, the Initial Conversion Price of such share of Series B Preferred Stock, as adjusted from time to time pursuant to Section 6(d) hereof.

Adjusted Conversion Price means the Conversion Price as may be adjusted in accordance with Clause 7.10.

Examples of Adjusted Conversion Price in a sentence

• On 31 December 2019 (after trading hours), the Company entered into the Amendment Agreement with the Bondholder pursuant to which the Company and the Bondholder have conditionally agreed to amend the conversion price under the Convertible Bonds from the Initial Conversion Price to the Adjusted Conversion Price.

• Proposed Amendment Pursuant to the Amendment Agreement, the Company and the Bondholder have conditionally agreed to amend the conversion price under the Convertible Bonds from the Initial Conversion Price to the Adjusted Conversion Price.

• Proposed Amendment Pursuant to the Amendment Agreement, the Company and the Bondholder conditionally agreed to amend the conversion price under the Convertible Bonds from the Initial Conversion Price of HK$2.50 per Conversion Share to the Adjusted Conversion Price of HK$0.80 per Conversion Share (the ‘‘Proposed Amendment’’) commencing from the Effective Date.

• On 24 June 2020 (after trading hours), the Company entered into the Amendment Agreement with the Bondholder, pursuant to which, the Company and the Bondholder conditionally agreed to amend the conversion price under the Convertible Bonds from the Initial Conversion Price of HK$2.50 per Conversion Share to the Adjusted Conversion Price of HK$0.80 per Conversion Share.

• If the arithmetic average of the daily Volume Weighted Average Price of the Shares for the period of 20 consecutive Trading Days ending on (but excluding) 7 November 2017 (the “Reset Date”) (the “Reset Reference Price”), is less than 0.242, the Conversion Price shall be adjusted on a one- time basis in accordance with the following formula and shall become effective as of the Reset Date: Adjusted Conversion Price = Reset Reference Price x (1+ CP) Where ‘‘CP’’ means 19 per cent.

More Definitions of Adjusted Conversion Price

Adjusted Conversion Price shall have the meaning assigned to such term in Section 6.6(a).

Adjusted Conversion Price means the greater of: (a) the Market Value for the period ending on the Effective Date; and (b) the product of: (i) the Reference Price; and (ii) 66 2/3%.

Adjusted Conversion Price means, with respect to any given Adjustment Date, the greater of (i) the Floor Price and (ii) 75% of the quotient determined by dividing (x) the sum of the VWAP of the Common Stock for each of the two (2) lowest Trading Days during the ten (10) consecutive Trading Day period (the “Adjusted Conversion Measuring Period”) ending and including the applicable Adjustment Date, divided by (y) two (2). All such determinations pursuant to clause (ii) in the preceding sentence shall be appropriately adjusted for any stock dividend, stock split, stock combination, recapitalization or other similar transaction during such Adjusted Conversion Measuring Period.

Adjusted Conversion Price means the conversion price per share of Common Stock, initially set at $12.00, subject to adjustment as provided in Section 15.04 of the Credit Agreement; provided, however, that in the event of the Holdings IPO, the Adjusted Conversion Price shall be adjusted to be the lesser of the then-Conversion Price and eighty percent (80%) of the initial public offering price per share in such offering.

Adjusted Conversion Price means, with respect to each share of Series A Preferred Stock, $10.00, subject to appropriate adjustment from time to time for events described in Section 3(B)(5).

Adjusted Conversion Price means the lesser of (A) the Initial Conversion Price in effect on the Pricing Date, or (B) 120% of the arithmetic average of the Closing Bid Price of the Common Stock on each trading day in the Series A Pricing Period. All such determinations to be appropriately adjusted for any stock dividend, stock split, stock combination or other similar transaction during such period.

Adjusted Conversion Price. For each Conversion Event in the First Period and for the Second Period, a quotient, the numerator of which is $1,000 and the denominator of which is the Conversion Rate (as defined in the Note Indenture and as adjusted from time to time pursuant to the terms thereof) as in effect on the related Valuation Date.