Conversion Ratios Sample Clauses

Conversion Ratios. (a) Each share of Series A 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 A Original Issue Price by the Series A Conversion Price (as defined below) in effect at the time of conversion. The “Series A Conversion Price” shall initially be equal to $0.79. Such initial Series A Conversion Price, and the rate at which shares of Series A Preferred Stock may be converted into shares of Common Stock, shall be subject to adjustment as provided below.

Conversion Ratios. 5.5.1. The IC shall convert energy efficiency surveys to signed Customer Authorization Forms at a minimum rate of 65% each month (or at a rate of 45% each month from the Effective Date through December 31, 2012) (the “Conversion Ratio Metric”). Measurement of this Conversion Ratio Metric will be monitored on a monthly basis.

Conversion Ratios. Except as provided below, the "Series D ----------------- Conversion Ratio" shall be equal to that number of shares of Entrust Common Stock that has a value (based upon an appraisal by independent competent appraisers engaged by the Company) equal to $11.82 (representing $9.46 per share (the "Liquidating Amount") plus $2.36 per share (the "Participating Amount") as set forth in Section 2 of Article IV of the Company's Articles of Incorporation). Except as provided below, the "Common Conversion Ratio" shall be equal to a fraction, (x) the numerator of which shall be the Total Consideration minus that number of shares of Entrust Common Stock that is equal to the Series D Conversion Ratio multiplied by the sum of (A) the number of shares of Series D Preferred (if any) outstanding immediately prior to the Effective Time and (B) the number of shares of Series D Preferred subject to the Warrant dated April 11, 2000 issued to ▇▇▇▇▇▇▇▇ Consulting (the "Series D Warrant") (if any) outstanding immediately prior to the Effective Time and (y) the denominator of which shall be the sum of (i) the number of shares of Company Common Stock issued and outstanding immediately prior to the Effective Time (other than Company Shares held in the Company's treasury) and (ii) the number of shares of Company Common Stock issuable upon exercise of the Options (as defined below) and Warrants (as defined below), issued and outstanding immediately prior to the Effective Time, whether vested, unvested or subject to repurchase by the Company following such exercise. Notwithstanding the foregoing, in the event the Common Conversion Ratio is equal to a number of shares of Entrust Common Stock, the value (based upon an appraisal by independent competent appraisers engaged by the Company) per share of which is less than the Participating Amount, then (1) the Series D Conversion Ratio shall be equal to that number of shares of Entrust Common Stock that has a value per share (based upon an appraisal by independent competent appraisers engaged by the Company) equal to the Liquidating Amount (such number of shares being referred to as the "Liquidating Portion") plus that number of shares of Entrust Common Stock equal to the Common Conversion Ratio set forth in clause (2) of this sentence; and (2) the Common Conversion Ratio shall be equal to a fraction, (x) the numerator of which shall be the Total Consideration minus that number of shares of Entrust Common Stock that is equal to the Liquidating...

Conversion Ratios. (a) Each share of Series A 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

Conversion Ratios. At the Effective Time, by virtue of the Merger and without any action on the part of Merger Sub or the Company or the holders of any of the Company's Capital Stock: (i) Each share of Series A Preferred (as defined in Section 3.2) of the Company issued and outstanding immediately prior to the Effective Time, other than any shares to be canceled pursuant to Section 2.2(c) and any Dissenting Shares, shall be converted into the right to receive such number of shares of Parent Common Stock as shall be determined in accordance with EXHIBIT B hereto (the "SERIES A CONVERSION RATIO"). (ii) Each share of Series B Preferred (as defined in Section 3.2) of the Company issued and outstanding immediately prior to the Effective Time, other than any shares to be canceled pursuant to Section 2.2(c) and any Dissenting Shares, shall be converted into the right to receive such number of shares of Parent Common Stock as shall be determined in accordance with EXHIBIT B hereto (the "SERIES B CONVERSION RATIO"). (iii) Each share of Series C Preferred (as defined in Section 3.2) of the Company issued and outstanding immediately prior to the Effective Time, other than any shares to be canceled pursuant to Section 2.2(c) and any Dissenting Shares, shall be converted into the right to receive such number of shares of Parent Common Stock as shall be determined in accordance with EXHIBIT B hereto (the "SERIES C CONVERSION RATIO"). (iv) Each share of Company Common Stock (as defined in Section 3.2) issued and outstanding immediately prior to the Effective Time, other than any shares to be canceled pursuant to Section 2.2(c) and any Dissenting Shares, shall be converted into the right to receive such number of shares of Parent Common Stock as shall be determined in accordance with EXHIBIT B hereto (the "COMMON STOCK CONVERSION RATIO").

Conversion Ratios. The parties agree to the following minimum performance standards for FMN. (a) [REDACTED] (i) [REDACTED] (ii) [REDACTED] (iii) [REDACTED] (iv) [REDACTED] (b) The above ratios will be reviewed by the parties after six (6) months following the Launch (or such other time periods determined by the parties). The parties may adjust such ratios, but the blended average of the ratios as adjusted shall provide a combined conversion ratio that is substantially equivalent to the above ratios. In no event shall the conversion ratios achieved by FMN fall below the highest conversion rate on a blended average basis, offered by the top two lenders participating on the Website, including the QuickenMortgage charter lenders as well as Participating Lenders as defined in this Agreement. (c) If FMN does not achieve the agreed-upon conversion ratios for three (3) consecutive months (based upon a blended average of the categories), then, upon written notice from ILSI, FMN shall have ninety (90) days to cure the shortfall. Cure shall be effected by FMN's achieving the blended average conversion ratios during the ninety (90) day cure period. If the shortfall continues after the end of the cure period, ILSI shall have the right to terminate this Agreement in accordance with Article VIII below. Notwithstanding the foregoing, if FMN does not achieve at least 50% of the agreed-upon conversion ratios for two (2) consecutive months, ILSI will provide written notice of this fact to FMN, and FMN shall have only sixty (60) days to cure the shortfall. The cure shall be effected in the manner described immediately above, except that the cure period shall be reduced to 60 days. If the shortfall continues after the end of the sixty (60) day cure period, ILSI shall have the right to terminate this Agreement as provided herein.

Conversion Ratios. The following minimum performance standards shall apply to MDC's conversion of ILSI Loans from the indicated stage or category to a closed and funded loan. (i) Stage: ** (ii) Stage: ** (iii) Stage (assuming prospective borrower submits a fee or credit card deposit with the application): ** (iv) Stage (assuming prospective borrower does not submit a fee or credit card deposit with the application: ** (a) If, MDC does not achieve conversion of ILSI Loans for three (3) consecutive months (based upon a blended average of the categories), then, upon notice from ILSI, MDC shall have ninety (90) days to cure the shortfall in conversions. If MDC fails to cure such shortfall during the cure period, ILSI shall have the right to terminate this Agreement in accordance with Article VIII.