Conversion Prices. The conversion price for the Class A Preferred Units shall initially be $8.75444 (the “Class A Conversion Price”). The conversion price for the Class B Preferred Units shall initially be the Class B Original Issue Price (the “Class B Conversion Price”). The conversion price for the Class C-1 Preferred Units shall initially be the Class C-1 Original Issue Price (the “Class C-1 Conversion Price”). The conversion price for any Class C-2 Preferred Units issued at any time shall initially be the Class C-2 Original Issue Price (the “Class C-2 Conversion Price”). The conversion price for any Class C-3 Preferred Units issued at any time shall initially be the Class C-3 Original Issue Price (the “Class C-3 Conversion Price”). The conversion price for the Class D Preferred Units shall initially be the Class D Original Issue Price (the “Class D Conversion Price”). “Conversion Price” shall mean the Class A Conversion Price, the Class B Conversion Price, the Class C-1 Conversion Price, the Class C-2 Conversion Price, the Class C-3 Conversion Price and/or the Class D Conversion Price, as applicable. Such initial Conversion Prices shall be adjusted from time to time in accordance with this Section 3.8. All references to the Conversion Price herein shall mean the Conversion Prices as so adjusted.
Conversion Prices. Conversion prices are Alcoa List Conversion Prices Published effective April 1, 1997, adjusted for changes in the Producer Price Index (PPI) since that date as described below. These conversion prices are effective April 1, 2004. BEVERAGE - North America (Examples attached) D & I Body Stock ****************** Beverage End Stock ****************** SuperEnd® Stock ****************** Beverage Tab Stock ****************** Note: SuperEnd® is defined as Coated Beverage End Stock in thicknesses of *** inch or less. All prices are FOB Crown plant. Title and risk of loss passes on consumption for Vendor Managed Inventory (“VMI”) coils (as referenced below) and on delivery to Crown plants on non-VMI coils. *****
Conversion Prices. The conversion price for the Series A Preferred shall initially be the Series A Original Issue Price (the "Series A Conversion Price"). The conversion price for the Series B Preferred shall initially be the Series B Original Issue Price (the "Series B Conversion Price"). The conversion price for the Series B-1 Preferred shall initially be the Series B-1 Original Issue Price (the "Series B-1 Conversion Price"). The initial Series A, Series B and Series B-1 Conversion Prices shall be adjusted from time to time in accordance with this Section 4. All references to the Series A, Series B and Series B-1 Conversion Prices herein shall mean the Series A, Series B and Series B-1 Conversion Prices as so adjusted.
Conversion Prices. The conversion price for the Class A Preferred Units shall initially be $8.75444 (the “Class A Conversion Price”). The conversion price for the Class B Preferred Units shall initially be the Class B Original Issue Price (the “Class B Conversion Price”). The conversion price for the Class C-1 Preferred Units shall initially be the Class C-1 Original Issue Price (the “Class C-1 Conversion Price”). The conversion price for any Class C-2 Preferred Units issued at any time shall initially be the Class C-2 Original Issue Price (the “Class C-2 Conversion Price”). The conversion price for any Class C-3 Preferred Units issued at any time shall initially be the Class C-3 Original Issue Price (the “Class C-3 Conversion Price”). The conversion price for the Class D Preferred Units shall initially be the Class D Original Issue Price (the “Class D Conversion Price”). The conversion price for the Class E-1 Preferred Units shall initially be the Class E-1 Original Issue Price (the “Class E-1 Conversion Price”). The conversion price for the Class E-2 Preferred Units
Conversion Prices. (a) The Initial Notes shall be convertible by the Purchaser in accordance with their terms into Common Stock at a conversion price of $14.00 per share (the "Initial Note Conversion Price").
(b) The License Notes shall be convertible by the Purchaser in accordance with their terms into Common Stock at a per share conversion price equal to the sum of (i) the average of the Closing Prices of the Common Stock for the 20 consecutive trading days immediately prior to the Initial Closing Date (the "License Note 20-Day Average") plus (ii) the product of (x) the License Note 20-Day Average multiplied by (y) 0.025 (the "License Note Conversion Price"); provided that in no event shall the License Note Conversion Price be less than $14.00 per share or greater than $20.00 per share.
(c) Any Additional Note shall be convertible by the Purchaser in accordance with its terms into Common Stock at a per share conversion price equal to the sum of (i) the average of the Closing Prices of the Common Stock for the 20 consecu- tive trading days immediately prior to the Additional Closing Date applicable thereto (the "Additional Note 20-Day Average") plus (ii) the product of (x) the Additional Note 20-Day Average multiplied by (y) 0.025 (the "Additional Note Conversion Price"); provided that in no event shall the Additional Note Conversion Price be less than $14.00 per share (the "Minimum Conversion Price") or greater than $20.00 per share (the "Maximum Conversion Price"). Each of the Minimum Conversion Price and the Maximum Conversion Price shall be subject to adjustment from time to time in accordance with paragraph 6(i)(i), (ii), (iii), (iv) or (v) of the promissory note attached hereto as Exhibit A.
(d) For purposes of this Section 12, the "Closing Price" of the Common Stock on any trading day shall mean the last reported sales price of the Common Stock on such trading day, as reported by the Nasdaq National Market or, if the Common Stock is listed on a United States securities exchange, the closing per share sales price, regular way, on such trading day on the principal United States securities exchange on which the Common Stock is traded or, if no such sale takes place on such trading day, the average of the closing bid and asked prices on such day.
Conversion Prices a. The definition of the Preferred Series A Subclass 0 Unit Conversion Price will be amended to be the average of (i) $10.50, and (ii) the volume-weighted average closing price of the Company’s common stock (the “VWAP Price”) for the twenty (20) days preceding the Quarterly Exchange Date; provided that from the effectiveness of the Eighth A&R LPA (the “Effective Date”) through December 31, 2027, the Preferred Series A Subclass 0 Unit Conversion Price shall not be less than $10.50.
b. The definition of the Preferred Series A Subclass 1 Unit Conversion Price will be amended to mean the average closing price of a share of the Company’s common stock for the thirty (30) day period immediately prior to the Quarterly Exchange Date; provided that from the Effective Date through December 31, 2027, the Preferred Series A Subclass 1 Unit Conversion Amount shall not be less than $10.50.
Conversion Prices. The conversion price for the Series A-1 Preferred (the “Series A-1 Conversion Price”) shall initially be the Original Series A-1 Issue Price, and the conversion price for the Series A-2 Preferred (the “Series A-2 Conversion Price”) shall initially be the Original Series A-2 Issue Price. Such initial Series A-1 and A-2 Conversion Prices (collectively, the “Conversion Prices”) shall be adjusted from time to time in accordance with this Section 5. If and whenever after March 13, 1998 (the “Original Issue Date”) the Corporation issues or sells, or in accordance with this Section 5(c) is deemed to have issued or sold, any shares of its Common Stock (other than pursuant to a Permitted Issuance) for a consideration per share less than any Conversion Price in effect immediately prior to the time of such issue or sale, then immediately upon such issue or sale or deemed issue or sale such Conversion Price shall be reduced to the amount determined by dividing (a) the sum of (1) the product derived by multiplying such Conversion Price as in effect immediately prior to such issue or sale by the number of shares of Common Stock Deemed Outstanding immediately prior to such issue or sale, plus (2) the consideration, if any, received or deemed to have been received by the Corporation upon such issue or sale, by (b) the number of shares of Common Stock Deemed Outstanding immediately after such issue or sale. All references to the Conversion Prices herein shall mean the Conversion Prices as so adjusted. For purposes of determining the adjusted Conversion Prices, the following shall be applicable:
Conversion Prices. As used herein, the "SERIES A CONVERSION PRICE" initially shall be the Original Series A Purchase Price, but shall be subject to adjustment as set forth in Sections 3(f), 3(g) and 3(h) below.
Conversion Prices. The conversion price for USA's Bottles is set forth on attached Schedule "A" ("Conversion Price"). The Conversion Price, exclusive of the cost of resin which is addressed in Section 2.5 below, shall be considered firm through March 31, 1998. After March 31, 1998, Bottle prices may be increased by [*] once each contract year, exclusive of resin, provided that ninety (90) days advance written notification has been given and reasonable justification has been provided. Pricing assumes that all regrind is reusable in Bottles.
Conversion Prices. Each of the three Conversion Prices in this Section 3.3 shall be referred to individually as a "Conversion Price" and collectively as the "Conversion Prices".
