Examples of Conversion Ratio in a sentence
The holder of Multiple Voting Shares shall have the right to receive dividends, out of any cash or other assets legally available therefor, pari passu (on an as converted basis, assuming conversion of all Multiple Voting Shares into Subordinate Voting Shares at the Conversion Ratio) as to dividends and any declaration or payment of any dividend on the Subordinate Voting Shares.
The Company shall, upon the written request at any time of any holder of Multiple Voting Shares, furnish or cause to be furnished to such holder a like certificate setting forth (A) such adjustment and readjustment, (B) the Conversion Ratio for Multiple Voting Shares at the time in effect, and (C) the number of Subordinate Voting Shares and the amount, if any, of other property which at the time would be received upon the conversion of a Multiple Voting Share.
Except for the issuance of customarily excluded securities, the Conversion Ratio shall be subject to adjustment on a broad-based weighted average basis in the event that the Reorganized Parent issues additional equity securities at a purchase price less than the price implied by the then-current Conversion Ratio and shall be subject to customary adjustments for share splits, share combinations, share dividends, share reclassifications, or similar events.
Each Multiple Voting Share shall be convertible, at the option of the holder thereof, at any time after the date of issuance of such share at the office of the Company or any transfer agent for such shares, into fully paid and non-assessable Subordinate Voting Shares as is determined by multiplying the number of Multiple Voting Shares by the Conversion Ratio applicable to such share, determined as hereafter provided, in effect on the date the Multiple Voting Share is surrendered for conversion.
In such an event, the Company and the other Shareholders shall be bound to cooperate with the holders of such series of Preference Shares and the Company such that, the Company forthwith takes all necessary steps to adjust the Conversion Price and Conversion Ratio applicable to such series of Preference Shares in accordance with SCHEDULE 4 (Reserved Matters).