Conversion Equity definition

Conversion Equity means the New Common Stock to be issued upon conversion of the New Convertible Debt, subject to dilution by the Employee Incentive Plan, the Rights Offering Equity, if any, and the Warrants.
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Conversion Equity means 62.5% (subject to any future stock re-allocations as set forth in the
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Examples of Conversion Equity in a sentence

  • In the event of any such adjustment, the amount of Conversion Equity shall also be adjusted and shall be that number determined by multiplying the Conversion Equity issuable upon exercise before the adjustment by a fraction, the numerator of which shall be the amount of Conversion Equity in effect immediately before the adjustment and the denominator of which shall be the amount of Conversion Equity as so adjusted.

  • If Class A Units of Holdings are converted into other Equity Interests (“Conversion Equity Interests”) in connection with any conversion of Holdings into a Delaware corporation (whether by conversion, merger, consolidation or otherwise), then all references herein to Conversion Units and/or Class A Units of Holdings shall be understood to refer to such Conversion Equity Interests.

  • Such conversion shall be effectuated, by the Company recording the Conversion Equity on the books of the Company within 10 days of receipt by the Company of the Notice of Conversion.

  • No fractional Conversion Equity shall be issued in connection with any conversion of this Note, and cash shall be paid in lieu of any such fraction.

  • In the event of such adjustment, corresponding adjustments shall be made to amount of Conversion Equity.

  • Copies of this Agreement shall be available on the District’s website within thirty (30) days after the Agreement is signed.

  • Re: Mandatory Conversion Equity Notes due 1999 (the "Notes") of Trans World Airlines, Inc.

  • Once the Holder has received such Conversion Equity, the Holder shall surrender the Note (or portion thereof) to be converted to the Company, executed by the Holder of this Note evidencing such ▇▇▇▇▇▇’s intention to convert this Note or a specified portion hereof, and accompanied by proper assignment hereof in blank.

  • In lieu of issuing fractional shares in a Post Conversion Equity Financing, Lender will retain – and not exchange – a number of shares of Conversion Stock such that only a whole number of shares of preferred stock are issued to Lender in any Post Conversion Equity Financing.

  • The Securities which TWA shall issue in payment of the Sale Price shall consist of $43,200,000 aggregate principal amount of its 11 3/8% Senior Secured Notes due 2003 (the "Notes") and $31,800,000 aggregate principal amount of its Mandatory Conversion Equity Notes due 1999 (the "Equity Notes" and, together with the Notes, the "Securities").

Related to Conversion Equity

  • Interest Share Amount shall have the meaning set forth in Section 2(a).

  • Interest Conversion Shares shall have the meaning set forth in Section 2(a).

  • Variable Conversion Price means the lesser of (i) the Conversion Price or (ii) 25% multiplied by the Market Price (as defined herein) (representing a discount rate of 75%). “Market Price” means the average of the lowest three (3) Trading Prices (as defined below) for the Common Stock during the ten (10) Trading Day period ending on the latest complete Trading Day prior to the Conversion Date. “Trading Price” means, for any security as of any date, the closing bid price on the Over-the-Counter Market, or applicable trading market (the “OTCQB”) as reported by a reliable reporting service (“Reporting Service”) designated by the Holder (i.e. Bloomberg) or, if the OTCQB is not the principal trading market for such security, the closing bid price of such security on the principal securities exchange or trading market where such security is listed or traded or, if no closing bid price of such security is available in any of the foregoing manners, the average of the closing bid prices of any market makers for such security that are listed in the “pink sheets” by the National Quotation Bureau, Inc. If the Trading Price cannot be calculated for such security on such date in the manner provided above, the Trading Price shall be the fair market value as mutually determined by the Borrower and the holders of a majority in interest of the Notes being converted for which the calculation of the Trading Price is required in order to determine the Conversion Price of such Notes. “Trading Day” shall mean any day on which the Common Stock is tradable for any period on the OTCQB, or on the principal securities exchange or other securities market on which the Common Stock is then being traded, provided, however, that at no time, notwithstanding the occurrence of an Event of Default, may the Conversion Price be less than par value of Common Stock.

  • Company Conversion Price means, the lower of (i) the applicable Conversion Price and (ii) that price which shall be computed as ninety five percent (95%) of the lowest Volume Weighted Average Price of the Common Stock during the fifteen (15) consecutive Trading Days immediately preceding the applicable Installment Date. All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction.

  • Early Preference Share Valuation Date means the date specified as such in the relevant Early Preference Share Redemption Notice which shall fall not less than one day and not more than 180 days following the day such Early Preference Share Redemption Notice is given. The Early Preference Share Redemption Notice may provide that such date is subject to adjustment in accordance with certain disruption or adjustment events, as determined by the Calculation Agent.