Company Conversion Price definition

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.

Company Conversion Price means, the lower of (i) the applicable Conversion Price and (ii) that price which shall be computed as ninety five percent (95%) of the lowest Volume Weighted Average Price of the Common Stock during the fifteen (15) consecutive Trading Days immediately preceding the applicable Installment Date. All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction.

Company Conversion Price means as of any date of determination, that price which shall be the lower of (i) the Conversion Price then in effect and (ii) the Market Price as of such date of determination.

Examples of Company Conversion Price in a sentence

• For conversion into Shares, at an initial Company Conversion Price of HK$2.50 per Share (subject to usual adjustment for consolidation or subdivision of the Shares, capitalisation of profits or reserves, capital distributions, issue of Shares and other securities by way of rights and issue of new Shares in accordance with the provisions of the Bond Deed).

• In the event the Company Conversion Price would be less than $0.25, the Company shall be required to pay the applicable Installment Amount in cash.

• Holders of the Convertible Bonds are entitled to convert the outstanding principal amount of the Convertible Bonds into (i) Shares at the Company Conversion Price; or (ii) subject to fulfillment of certain conditions as set out in the paragraph headed “Principal terms of the Convertible Bonds – Conversion rights” below, Subsidiary Shares at the Subsidiary Conversion Price, during the Conversion Period.

• Both of the initial Company Conversion Price and the initial Subsidiary Conversion Price were determined after the arm’s length negotiation between the Company and the Subscriber.The Directors consider that the terms of the proposed issue of the Convertible Bonds are fair and reasonable having considered the current market conditions and in the interests of the Company and the Shareholders as a whole.

• Over time, SD1 expects system improvements to show a clear trend in reduced overflow activity.

More Definitions of Company Conversion Price

Company Conversion Price means, with respect to a particular date of determination, the lower of (i) the Conversion Price then in effect and (ii) the price which shall be computed as 85% of the quotient of (I) the sum of each of the VWAPs of the Common Stock for each of the twenty (20) consecutive Trading Days immediately preceding the applicable Installment Date (each such period, a “Company Conversion Measuring Period”) divided by (II) twenty (20). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during any such Company Conversion Measuring Period.

Company Conversion Price means, with respect to a particular date of determination, the lower of (i) the Conversion Price then in effect and (ii) the price which shall be computed as 85% of Market Price as of the Trading Day immediately prior to the applicable Installment Date. All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination, recapitalization or other similar transaction during any such measuring period.

Company Conversion Price means, with respect to a particular date of determination, the lower of (i) the Conversion Price then in effect and (ii) 85% of the Market Price.

Company Conversion Price means, as of any date of determination, that price which shall be the lower of (i) the applicable Conversion Price and (ii) the price computed as 92.5% of the arithmetic average of the Weighted Average Price of the Common Shares on the Principal Market or NASDAQ during each of the twelve (12) consecutive Trading Days commencing on the Trading Day immediately after the applicable Installment Date (such period, the “Company Conversion Measuring Period”); provided, however, that if such arithmetic average of the Weighted Average Price during the Company Conversion Measuring Period shall yield a price that is less than $1.00, then the Company Conversion Price shall be computed as 90% of the arithmetic average of the Weighted Average Price of the Common Shares on the Principal Market or NASDAQ during the Company Conversion Measuring Period.

Company Conversion Price means, with respect to a particular date of determination, the lower of (i) the Conversion Price then in effect and (ii) the price which shall be computed as 85% of the quotient of (I) the sum of the VWAPs of the Common Stock for each of the Trading Days during the ten (10) consecutive Trading Day period ending and including the Trading Day immediately prior to the applicable Installment Date, divided by (II) ten (10). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination, recapitalization or other similar transaction during any such measuring period.

Company Conversion Price means, with respect to any Company Conversion, that price which shall be computed as 95% of the arithmetic average of the Weighted Average Price of the Common Stock on each trading day in the Installment Measuring Period.

Company Conversion Price means, as of any Conversion Date or other date of determination, the applicable Conversion Price. 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.