Base Conversion Rate definition

Base Conversion Rate means 16.3720 shares of Common Stock, subject to adjustment as set forth in Section 12.11 per $1,000 Principal Amount of Securities.

Base Conversion Rate has the meaning specified in Section 4.02(a).

Base Conversion Rate shall initially be 555.6 shares of Common Stock per $1,000 principal amount of Securities, subject to adjustment as provided in Article 9.

Examples of Base Conversion Rate in a sentence

• If any dividend or distribution of the type described in this Section 9.04(a) is declared but not so paid or made, the new Base Conversion Rate shall be readjusted to the Base Conversion Rate that would then be in effect if such dividend or distribution had not been declared.

• If the Board of Directors makes a determination to increase the Base Conversion Rate, it will be conclusive.

• Except in the case of a share combination or a reverse split, in no event shall the Base Conversion Rate be decreased pursuant to this Section 9.04(a).

• If the adjustment is not made because the adjustment does not change the Base Conversion Rate by at least 1%, then the adjustment that is not made will be carried forward and taken into account in any future adjustment.

• Unless and until a Responsible Officer of the Trustee and the Conversion Agent shall have received such Officer’s Certificate, neither the Trustee nor the Conversion Agent shall be deemed to have knowledge of any adjustment of the Base Conversion Rate and may assume that the last Base Conversion Rate of which it has knowledge is still in effect.

More Definitions of Base Conversion Rate

Base Conversion Rate means the currency conversion rate announced or published by the Approved Quotation Standard for the Approved Currency in which the Cardholder’s Card is denominated that is applicable on the date of the Transaction.

Base Conversion Rate shall have the meaning specified in Section 14.01(a).

Base Conversion Rate means, in respect of each $1,000 principal amount of Securities, a number of shares of Common Stock (initially approximately 11.6428) determined by dividing $1,000 by the Base Conversion Price, subject to adjustments set forth in Section 9.05 hereof.

Base Conversion Rate means, with respect to a series of Existing Notes, the Base Conversion Rate as set forth in the applicable Indenture for such series of Existing Notes (and subject to the same adjustments as set forth therein). For the avoidance of doubt, the Base Conversion Rates as of the date hereof are 16.4786, 10.5670 and 10.7558 for the 2025 Notes, 2027 Notes and 2037 Notes respectively.

Base Conversion Rate means 1.0.

Base Conversion Rate per $1,000 principal amount of Securities is 15.4204, subject to adjustment as set forth in Section 5.03 and Section 5.07 hereof.

Base Conversion Rate means 10 shares of Common Stock, subject to adjustment as set forth in Section 11.11.