Conversion Period and Conversion Price Clause Samples
Conversion Period and Conversion Price. Each Bond shall entitle the holder (a “Conversion Right”) to convert such Bond into new and/or existing Ordinary Shares, in each case credited as fully paid, subject to and as provided in these Conditions. Subject as provided in Condition 6(b)(vi), the number of Ordinary Shares to be issued or delivered on exercise of a Conversion Right shall be equal to the Reference Shares in respect of such exercise. The initial Conversion Price is €7.2635 per Ordinary Share. On the basis of the initial Conversion Price, each Bond of €100,000 Authorised Denomination would entitle the holder to receive (subject as provided in these Conditions) approximately 13,767 Ordinary Shares (subject to the provisions of this Condition 6(a) in relation to fractions of Ordinary Shares). The Conversion Price is subject to adjustment in the circumstances described in Condition 6(b) and the expression “Conversion Price” shall be construed accordingly. A Bondholder may exercise the Conversion Right in respect of a Bond by delivering such Bond (together with a duly completed Conversion Notice (as defined below)) to the specified office of any Paying, Transfer and Conversion Agent in accordance with Condition 6(g) whereupon the Issuer shall (subject as provided in these Conditions) deliver or procure the delivery to, or as directed by, the relevant Bondholder of Ordinary Shares credited as paid up in full as provided in this Condition 6. Subject to, and as provided in these Conditions, the Conversion Right in respect of a Bond may be exercised, at the option of the holder thereof, at any time (subject to any applicable fiscal or other laws or regulations and as hereinafter provided) from (and including) the Issue Date to the close of business (at the place where the relevant Bond is delivered for conversion) on the date falling seven Madrid business days prior to the Final Maturity Date or, if the Bonds shall have been called for redemption pursuant to Condition 7(b) or 7(c) prior to the Final Maturity Date, then up to (and including) the close of business (at the place aforesaid) on the seventh Madrid business day before the date fixed for redemption thereof pursuant to Condition 7(b) or 7(c), unless there shall be default in making payment in respect of such Bond on such date fixed for redemption, in which event the Conversion Right shall extend up to the close of business (at the place aforesaid) on the date on which the full amount of such payment becomes available for payment and noti...
Conversion Period and Conversion Price. Subject to the right of the Issuer to make a Cash Alternative Election and as otherwise provided in these Conditions, each Bond shall entitle the holder to convert each principal amount of such Bond which is outstanding into new and/or existing ADSs representing Ordinary Shares (or representing rights to receive Ordinary Shares, such Ordinary Shares being issued to and held by the Depositary) as determined by the Issuer, credited as fully paid (a “Conversion Right”). The number of ADSs to be issued and/or transferred and delivered on exercise of a Conversion Right (subject to the right of the Issuer to make a Cash Alternative Election) shall be equal to the Reference ADSs in respect of such exercise, subject to Condition 6.3.
Conversion Period and Conversion Price. At any time between one year after the issuance date of the Bonds and one month prior to the Maturity Date, the Holder has a right to convert any Bond, whether wholly or in part, into shares of common stock of the Company (the “Common Shares”) at the option of the Holder (the “Conversion Right)”. The number of the Common Shares to be issued will be determined by dividing the principal amount of the Bonds deposited for conversion by the Conversion Price, as adjusted herein, at the Conversion Date (both as hereinafter defined), and a remaining fractional amount, if any, which is less than the Conversion Price shall be returned to the Holder without any interest on the Maturity Date. The price at which the Common Shares of the Company will be issued upon conversion will be Korean Won 8,010 per Common Share (the “Initial Conversion Price”) but will be subject to adjustment in the manner provided in Conditions 2(C) and 2(D) (the “Conversion Price”).
Conversion Period and Conversion Price. At any time between a day after the issuance date of the Bonds and one month prior to the Maturity Date, the Holder has a right to convert any Bond, whether wholly or in part, into shares of common stock of the Company (the “Common Shares”) at the option of the Holder (the “Conversion Right)”. The number of the Common Shares to be issued will be determined by dividing the principal amount of the Bonds deposited for conversion (translated into United States Dollars at the fixed rate of United States Dollars 1.00 = Korean Won 900) by the Conversion Price, as adjusted herein, at the Conversion Date (both as hereinafter defined), and a remaining fractional amount, if any, which is less than the Conversion Price shall be returned to the Holder without any interest on the Maturity Date. The price at which the Common Shares of the Company will be issued upon conversion will be United States Dollars 0.7 per Common Share (the “Initial Conversion Price”) but will be subject to adjustment in the manner provided in Conditions 2(C) and 2(D) (the “Conversion Price”).
Conversion Period and Conversion Price. Subject to the provisions of Condition 6.4.13 and otherwise as provided in these Condi- tions, each Convertible Bond shall entitle the holder to convert such Convertible Bond into existing Ordinary Shares and/or new Ordinary Shares, in each case credited as fully paid (a "Conversion Right"). Subject to the provisions of Condition 6.4.13, the number of Ordinary Shares to be issued or transferred and delivered on exercise of a Conversion Right shall be determined by the Cal- culation Agent by dividing the principal amount of the Convertible Bonds to be converted by the conversion price (the "Conversion Price") in effect on the relevant Conversion Date.