Series C Conversion Price definition

Series C Conversion Price means the price at which Ordinary Shares shall be deliverable upon conversion of the Series C Preferred Shares as stipulated in Article 16.

Series C Conversion Price shall initially be the Series C Original Issue Price. Such initial Series C Conversion Price and the rate at which Series C Preferred Shares may be converted into Common Shares, shall be subject to adjustment as provided below.

Series C Conversion Price means a price that initially equals to the Original Series C Issue Price, and shall be adjusted from time to time as provided below in Clause 9 (d)(iv) of the Memorandum.

Examples of Series C Conversion Price in a sentence

• Such initial Series C Conversion Price, and the rate at which shares of Series C Preferred Stock may be converted into shares of Common Stock, shall be subject to adjustment as provided below.

• Accordingly, the Series C Conversion Price represents a discount of approximately 38.9% to the Group’s NTA per Share attributable to owners of the Company and capital securities holders as at 31 March 2021.

• Each share of Series C Preferred Stock shall be convertible, at the option of the holder thereof, at any time and from time to time, and without the payment of additional consideration by the holder thereof, into such number of fully paid and nonassessable shares of Common Stock as is determined by dividing the Series C Original Issue Price by the Series C Conversion Price (as defined below) in effect at the time of conversion.

• All references to “Conversion Price” herein shall mean the Series A Conversion Price, the Series B Conversion Price, Series B-1 Conversion Price or the Series C Conversion Price as applicable, in each case as so adjusted.

• The number of Ordinary Shares to which a holder shall be entitled upon conversion of any Series C preferred shares shall be the quotient of the applicable Series C Original Issue Price divided by the then-effective Series C Conversion Price.

More Definitions of Series C Conversion Price

Series C Conversion Price shall have the meaning ascribed to such term in the Series C Designations.

Series C Conversion Price has the meaning set forth in Section 6(a) of the Statement of Designations.

Series C Conversion Price shall initially equal the Original Series C Issue Price, each of which shall be adjusted from time to time as provided below in Clause 9(d)(v).

Series C Conversion Price shall initially be equal to the Series C Original Issue Price, and such amount shall be subject to adjustment as provided in this Agreement. For the avoidance of doubt, no adjustments shall be made to the Series C Conversion Price in connection with any distributions to the holders of Preferred Units pursuant to Section 5.3(a).

Series C Conversion Price means, on a per share basis, the Series C Original Issue Price, subject to adjustment as set forth in Section 7(d).

Series C Conversion Price means Fifty Cents ($0.50), or such other dollar amount (or fraction thereof) into which such Series C Conversion Price may be adjusted pursuant to Article IX of this Certificate of Designations.

Series C Conversion Price means $5.1972 per share (subject to adjustment from time to time after the Filing Date for Recapitalizations).