Conversion Number definition

Conversion Number means the number, or formula for determining the number, of ordinary Shares into which a Converting Preference Share will convert upon conversion.

Conversion Number shall have the meaning set forth in Section 2.11.

Conversion Number means: where:

Examples of Conversion Number in a sentence

• Date of Conversion: Number of Preferred Shares to be converted: Stock certificate no(s).

• In that case, the Maximum Conversion Number is more likely to apply.

• In any such case, appropriate adjustment shall be made in the application of the provisions of this Section 6 with respect to the rights of the Holders after the recapitalization to the end that the provisions of this Section 6 (including adjustment of the Conversion Number then in effect and the number of shares issuable upon conversion of the Series B Convertible Preferred Stock) shall be applicable after that event as nearly equivalent as may be practicable.

• The Company shall, upon the written request at any time of any Holder, furnish or cause to be furnished to such Holder a like certificate setting forth (A) such adjustment and readjustment, (B) the Conversion Number at the time in effect, and (C) the number of shares of Common Stock and the amount, if any, of other property which at the time would be received upon the conversion of such Holder’s shares of Series B Convertible Preferred Stock.

• In the case of Conversion, the Company will allot and issue to each Holder of this Note the Conversion Number of Ordinary Shares for this Note (subject always to the Conversion Number being no greater than the Maximum Conversion Number).

More Definitions of Conversion Number

Conversion Number means initially 134,772 and thereafter shall be subject to adjustment from time to time pursuant to the terms of Section 5 hereof.

Conversion Number means the number of Employee Shares which are to be the subject of the relevant Conversion Notice, as calculated in accordance with clause 4.1(a);

Conversion Number. ’ means, in relation to any Convertible Preference Share, such number of Ordinary Shares as may, upon exercise of the Conversion Right, be converted at the Conversion Price in force on the relevant Conversion Date;

Conversion Number at any time means the quotient obtained when the Accumulated Debt at the time is divided by the Conversion Price at the time.

Conversion Number means, with respect to any Class B Unit, one and nine hundredths (1.09) Common Units; provided that such number of Common Units shall be subject to appropriate adjustment pursuant to Section 5.13(i).

Conversion Number means, with respect to any Conversion Event in respect of one or more Units held by a Member, a number of Units equal to (i) the Conversion Amount for such Conversion Event divided by the Conversion Price for such Conversion Event.

Conversion Number as of the applicable Conversion Date, means the number obtained when dividing $1,000 principal amount of Debentures by the Conversion Price, and rounding to four decimal places (which Conversion Number calculated in accordance herewith the Company shall provide in a notice to the Indenture Trustee if required by the Indenture Trustee hereunder);