Acceleration Conversion Price definition

Acceleration Conversion Price means, with respect to any given Acceleration Date, the lower of (i) the Installment Conversion Price for such Current Installment Date related to such Acceleration Date and (ii) the greater of (x) the Floor Price and (y) 82.5% of the quotient of (I) the sum of the VWAP of the Common Stock for each of the two (2) Trading Days with the lowest VWAP of the Common Stock during the ten (10) consecutive Trading Day period ending and including the Trading Day immediately prior to such Acceleration Date, divided by (II) two (2). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during any such measuring period.
Sample 1
Acceleration Conversion Price means, with respect to any given Acceleration Date, the lowest of (i) the Installment Conversion Price for such Current Installment Date related to such Acceleration Date, (ii) solely during the period commencing on the fifteenth (15th) calendar day in the calendar month in which such Acceleration Date occurs through, and including, the last calendar day of such calendar month, the Installment Conversion Price for such Current Installment Date related to such Acceleration Date (but assuming, solely for such purpose, that such Current Installment Date occurred on such fifteenth (15th) calendar day of such calendar month) and (iii) the greater of (x) the Floor Price and (y) 92% of the lowest VWAP of the Common Stock during the five (5) consecutive Trading Day period ending and including the Trading Day immediately prior to such Acceleration Date. All such determinations to be appropriately adjusted for any share split, share dividend, share combination or other similar transaction during any such measuring period.
Sample 1Sample 2Sample 3
Acceleration Conversion Price means, with respect to any given Acceleration Date, the lower of (i) the Installment Conversion Price for such Current Installment Date related to such Acceleration Date and (ii) the greater of (x) the Floor Price and (y) 92% of the average of the two (2) lowest daily VWAPs in the ten (10) Trading Days immediately prior to each Acceleration Date. All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during any such measuring period.
Sample 1

Examples of Acceleration Conversion Price in a sentence

  • This Agreement was negotiated by the parties and any rule of construction or interpretation otherwise requiring this Agreement to be construed or interpreted against any party shall not apply to any construction or interpretation hereof or thereof.

  • Simultaneously, considerable time and resources were expended in preparing a functioning OEDP (now known as CEDS).Beginning in the third year of the district’s operation, the primary emphasis shifted to the implementation of significant development projects.

  • In the event this Note shall be converted following the occurrence of an Event of Default, the Holder shall have the option to convert the Mandatory Default Amount, subject to the Floor Price, at the lesser of 70% of either of the following (representing a 30% discount): (i) the Market Conversion Price and (ii) the Acceleration Conversion Price.


More Definitions of Acceleration Conversion Price

Acceleration Conversion Price means, with respect to any given Acceleration Date, the lower of (i) the Installment Conversion Price for such Current Installment Date related to such Acceleration Date or (ii) the greater of (x) the Floor Price or (y) the lower of (A) 87.5% of the VWAP of the shares of Common Stock as of the Trading Day immediately preceding the applicable Acceleration Date or (B) 87.5% of the quotient of (I) the sum of the VWAP of the shares of Common Stock for each of the three (3) Trading Days with the lowest VWAP of the shares of Common Stock during the twenty (20) consecutive Trading Day period ending and including the Trading Day immediately prior to such Acceleration Date, divided by (II) three (3). All such determinations to be appropriately adjusted for any share split, share dividend, share combination or other similar transaction during any such measuring period.
Sample 1
Acceleration Conversion Price means, with respect to any given Acceleration Date, the lower of (i) the Installment Conversion Price for such Current Installment Date related to such Acceleration Date and (ii) the lower of (A) 90% of the VWAP of the Ordinary Shares as of the Trading Day immediately preceding the applicable Acceleration Date and (B) 90% of the quotient of (I) the sum of the VWAP of the Ordinary Shares for each of the three (3) Trading Days with the lowest VWAP of the Ordinary Shares during the twenty (20) consecutive Trading Day period ending and including the Trading Day immediately prior to such Acceleration Date, divided by (II) three (3). All such determinations to be appropriately adjusted for any share split, share dividend, share combination or other similar transaction during any such measuring period.[Intentionally Omitted]
Sample 1Sample 2
Acceleration Conversion Price means the lowest of (i) the Conversion Price then in effect, and (ii) the greater of (x) the Floor Price and (y) the lesser of (a) Installment Conversion Price for such Current Installment Date related to such Acceleration Date (b) 94% of the average of the three lowest VWAPs of the Ordinary Shares on Trading Days during the prior ten (10) consecutive Trading Day period ending and including the Trading Day immediately prior to the applicable Acceleration Date, and (c) 94% of the VWAP of the Ordinary Shares on the applicable Acceleration Date. All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during any such measuring period.
Sample 1
Acceleration Conversion Price means, with respect to any given Acceleration Date, the lower of (i) the Installment Conversion Price for such Current Installment Date related to such Acceleration Date and (ii) the greater of (x) the Floor Price and (y) 93% of the Acceleration Market Price.
Sample 1

Related to Acceleration Conversion Price

  • Interest Conversion Price means, with respect to any Interest Date, that price which shall be computed as 100.0% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the ten (10) consecutive Trading Days immediately preceding the applicable Interest Date (each, an “Interest Measuring Period”). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during such period.

  • New Conversion Price means the amount determined in accordance with the following formula, which shall apply from the QTE Effective Date: NCP = ECP * (VWAPAES / VWAPOS) where:

  • Fixed Conversion Price shall have the meaning set forth in Section 4(b).

  • Interest Conversion Rate means the lesser of (a) the Conversion Price or (b) 85% of the lesser of (i) the average of the VWAPs for the 10 consecutive Trading Days ending on the Trading Day that is immediately prior to the applicable Interest Payment Date or (ii) the average of the VWAPs for the 10 consecutive Trading Days ending on the Trading Day that is immediately prior to the date the applicable Interest Conversion Shares are issued and delivered if after the Interest Payment Date.

  • Applicable Conversion Price means the Conversion Price in effect at any given time.

  • Mandatory Conversion Date has the meaning set forth in Section 7(a).

  • Alternate Conversion Price means, with respect to any Alternate Conversion that price which shall be the lowest of (i) the applicable Conversion Price as in effect on the applicable Conversion Date of the applicable Alternate Conversion, and (ii) the greater of (x) the Floor Price and (y) 80% of the lowest VWAP of the Common Stock during the five (5) consecutive Trading Day period ending and including the Trading Day immediately preceding the delivery or deemed delivery of the applicable Conversion Notice (such period, the “Alternate Conversion Measuring Period”). All such determinations to be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or similar transaction that proportionately decreases or increases the Common Stock during such Alternate Conversion Measuring Period.

  • Optional Redemption Price means $25,000 per share plus an amount equal to accumulated but unpaid dividends (whether or not earned or declared) to the date fixed for redemption and excluding Additional Dividends plus any applicable redemption premium attributable to the designation of a Premium Call Period.

  • Applicable Conversion Rate means the Conversion Rate in effect at any given time.

  • Conversion Price shall have the meaning set forth in Section 4(b).

  • Conversion Amount means the sum of the Stated Value at issue.

  • Make-Whole Redemption Price means, in respect of each Bond, (a) the principal amount of such Bond or, if this is higher, (b) the sum of the then present values of the remaining scheduled payments of principal and interest discounted to the Optional Redemption Date on an annual basis (based on the actual number of days elapsed divided by 365 or (in the case of a leap year) by 366) at the Reference Dealer Rate (as defined below) plus 0.15 per cent., in each case as determined by the Determination Agent;