Conversion Multiple definition

Conversion Multiple means, in respect of each share of Company Preferred Stock, the number of shares of Company Common Stock issuable upon conversion of such share of Company Preferred Stock as of immediately prior to the Effective Time.

Conversion Multiple means, initially, that number, which, when multiplied by the number of shares of Convertible Preferred Stock outstanding immediately following the Closing, causes the resulting product to equal 0.4697 times the sum of (a) such resulting product and (b) the Existing Common Shares. As of November 21, 2017, the Conversion Multiple was 14.22. The Conversion Multiple shall be subject to adjustment as provided in Section 6.

Conversion Multiple means 144.9750, subject to adjustment as provided in Section 6(d)(i).

Examples of Conversion Multiple in a sentence

• If the General Partner acquires additional REIT Shares pursuant to Article IX of the REIT Charter, the Partnership shall purchase from the General Partner that number of Partnership Units determined by applying the Conversion Multiple to the number of REIT Shares purchased by the General Partner at the same price and on the same terms as those upon which the General Partner purchased such REIT Shares.

• The “Conversion Multiple” shall be equal to one (1), provided, that upon the occurrence of a Purchaser Subscription Default with respect to the Holder, the Conversion Multiple under this Note shall be automatically reduced to one-half (0.5) and instead of converting into the shares of New Securities in connection with such Qualified Financing, the Note shall convert into shares of Common Stock.

• If the Company shall, at any time or from time to time after the date of issuance, combine the outstanding shares of Common Stock, the Conversion Multiple shall be proportionately adjusted.

• The number of shares of New Securities to be issued to Holder upon conversion of this Note pursuant to a Qualified Financing shall be equal to the product of (x) the Conversion Multiple and (y) the quotient obtained by dividing the entire Principal Balance of this Note, together with any accrued and unpaid interest thereon, as of the date of conversion, by the Conversion Price.

• If the Company shall, at any time or from time to time after the date of issuance, effect a split of the outstanding Common Stock (including the Reverse Stock Split), the Conversion Multiple shall be proportionately adjusted.

More Definitions of Conversion Multiple

Conversion Multiple means [·].(8)

Conversion Multiple means, in respect of each share of Company Preferred Stock, the number of shares of Company

Conversion Multiple means 114.9750, subject to adjustment as provided in Section 6(d)(i).

Conversion Multiple has the meaning ascribed thereto in the Certificate of Amendment, subject to adjustment as provided from time to time following the date hereof, as provided therein.

Conversion Multiple. The factor applied for converting Partnership ------------------- Units to REIT Shares, which shall initially be 1.0; provided, however, in the event that WREIT (i) declares or pays a dividend on its outstanding REIT Shares in REIT Shares or makes a distribution to all holders of its outstanding REIT Shares in REIT Shares, (ii) subdivides its outstanding REIT Shares, or (iii) combines its outstanding REIT Shares into a smaller number of REIT Shares, the Conversion Multiple shall be adjusted by multiplying the Conversion Multiple by a fraction, the numerator of which shall be the number of REIT Shares issued and outstanding on the record date (assuming for such purposes that such dividend, distribution, subdivision or combination has occurred as of such time), and the denominator of which shall be the actual number of REIT Shares (determined without the above assumption) issued and outstanding on the Record Date for such dividend, distribution, subdivision or combination. In addition, [while Section 6(c) hereof provides that the General Partner shall not directly or indirectly enter into or conduct any business other than in connection with the business of the Partnership and the Ownership of its Partnership Interests therein, if an event were to occur that would significantly affect the economic relationship between a Partnership Unit and a REIT share, the conversion multiple shall also be appropriately adjusted.] Any such adjustment to the conversion multiple shall be determined by the Board of Directors of the General Partner whose determination as to whether an adjustment is necessary and the amount of such adjustment shall be conclusive absent manifest error. Any adjustment to the Conversion Multiple shall become effective immediately after the effective date of such event retroactive to the record date, if any, for such event.

Conversion Multiple has the meaning set forth in the Certificate of Amendment relating to the creation of the Class A Cumulative Preferred Stock, Series 1999-A, filed with the Secretary of State of Ohio on February 1, 1999, subject to adjustment as provided from time to time following the date hereof, as provided in Section 6.E. thereof.

Conversion Multiple shall have the meaning set forth in Article II of the Limited Partnership Agreement.