Conversion Payment definition

Conversion Payment has the meaning given to such term in Section 5.02(i) hereof.

Conversion Payment has the meaning specified in Annex A.

Conversion Payment means the amount calculated by the Issuer as the Instalment Payment on the Prior Series Instalment plus the Interest Amount plus the Borrowing Fee plus the Capital Protection Fee less the Loan Amount, and which is payable by the Conversion Applicant to the Issuer only if the calculated amount is a positive number.

Examples of Conversion Payment in a sentence

• Upon Closing, Maker agrees to deliver to Holder the following consideration ("Conversion Payment").

• If the Interest Payment Date for which interest deferral is proposed is also the Conversion Date, no election to defer interest due on that date shall be effective unless the Company shall have converted the interest rate on the Securities and paid in full any Conversion Payment due in connection with the conversion.

• Method of Exercise or Conversion; Payment; Issuance of New Warrant.

• For the avoidance of doubt, Ultimate Holdings shall not be responsible for any such transfer, stamp and similar Taxes that may be payable with respect to the issuance and delivery of the Conversion Payment Shares to any Person that is not the Converting Lender, including any nominee, assignee or transferee of the Converting Lender, if such Taxes would not have been imposed or be payable had the Conversion Payment Shares been issued in the name of the Converting Lender.

• When the Merger becomes effective, all Company Shares issued before then (other than Appraisal Shares) will cease to exist, and each Certificate previously representing any such shares will represent only the right to receive the applicable Conversion Payment as described in Section 2.1.3 subject to the terms of this Agreement.

More Definitions of Conversion Payment

Conversion Payment means the amount, if any, determined by the Calculation Agent to be equal to the total amount that would be payable by the party obligated to pay Japanese Yen under the Benchmark Swap (as defined below) upon its early termination on the applicable Note Conversion Date.

Conversion Payment means (i) an amount equal to the aggregate of all accrued but unpaid dividends (whether or not declared) on such share which have been added to Accrued Value as provided for in Section 2(a)(ii) prior to the occurrence of a Dividend Accrual Event plus (ii) an amount equal to all accrued and unpaid dividends on such share which have not been added to Accrued Value prior to the occurrence of a Dividend Accrual Event.

Conversion Payment means a Conversion Payment detailed at Schedule 7;

Conversion Payment is defined in Section 1.15(a).

Conversion Payment means the Sale Price of a share of Common Stock on the Trading Day immediately prior to the related Conversion Date multiplied by the Conversion Rate in effect on such Trading Day.

Conversion Payment in respect of each $1,000 in principal amount of Series A Notes or Series B Notes, as applicable, shall be an amount equal to the net present value of the interest that would have accrued thereon at the rate of 6% per annum from and after the Effective Time and through and including the fourth anniversary of the Effective Time, based on a discount rate of 7.5% per annum and assuming semi-annual interest payments on January 31 and July 31 of each year and that the remainder of interest would be paid on such fourth anniversary. Conseco agrees to take such action as is necessary for the making and consummation of such exchange and the issuance by it of the shares of Conseco Common Stock pursuant to such offer, including filing of a registration statement with the SEC with respect to the shares of Conseco Common Stock to be issued in exchange for the Series A Notes and the Series B Notes, as applicable. At the Company's option, such registration shall be either included in the Form S-4 or filed as a separate registration statement. If a separate registration statement is filed, the provisions of this Agreement relating to the Form S-4 will apply to such separate registration statement. In addition, Conseco agrees that if any of the shares of Conseco Common Stock issued in exchange for the Series A Notes and the Series DAFS02...:\46\77946\0004\0231\AMDN016J.12C B Notes, as applicable, shall not be immediately freely tradeable by the holder thereof, then, at the request of the holder, Conseco shall, as promptly as practicable, at Conseco's option, either (i) acquire such shares directly from such holder at the then current market price, or (ii) file and have declared effective a registration statement on Form S-3 (or other appropriate form) with the SEC to register such shares for resale by such holder and use commercially reasonable efforts to keep such registration statement effective until such time as such shares become freely tradeable. For purposes of the preceding sentence, shares which may be sold at such time pursuant to Rule 144 (as promulgated by the SEC) shall be considered "freely tradeable."

Conversion Payment has the meaning set forth in Section 5.3