Conversion Percentage means, (A) the number of Class B Ordinary Shares being converted, divided by (B) the total number of Class B Ordinary Shares issued and outstanding (i.e. up to 1,000).

Conversion Percentage shall have the meaning ascribed to it in Section 2.4(d)(ii).

Conversion Percentage means 85%; provided, however, that, notwithstanding any other provision hereof, if a Registration Event occurs, then such percentage stated above shall be permanently reduced by two percentage points on each Computation Date (pro rated in the case of any Computation Date which is less than 30 days after a Registration Event occurs or less than 30 days after another Computation Date).

Examples of Conversion Percentage in a sentence

Such increase in the Fully-Diluted Common Stock shall not, however, affect the applicable Conversion Percentage.
Effective as of the Conversion Date, the number of Contingent Conversion Units held by such holder multiplied by the Conversion Percentage shall convert into OP Units.
By way of example, if the Lease-Up NOI is $6,000,000 for the first Measurement Period and $7,000,000 for the second Measurement Period, the Conversion Percentage shall equal approximately 20% for the first Measurement Period ($6,000,000 minus $5,100,000 with the remainder divided by $4,600,000) and shall equal approximately 21% for the second Measurement Period ($7,000,000 minus $5,100,000 with the remainder divided by $4,600,000 and 20% subtracted from the result 41%.).
In addition, in the event that the Corporation fails to obtain the Shareholder Approval contemplated by Section 4(m) of the Securities Purchase Agreement (as defined herein) on or before May 31, 1998, the Conversion Percentage shall be permanently reduced by ten percent (10%) to 75%.
The Conversion Percentage also shall be subject to adjustment as provided herein and as provided in Section 2(c) of the Registration Rights Agreement entered into in connection with and pursuant to the Securities Purchase Agreement (the "Registration Rights Agreement").

More Definitions of Conversion Percentage

Conversion Percentage has the meaning set forth in Section 2.04(f)(ii).

Conversion Percentage means 82.5%;

Conversion Percentage means (A) prior to the first anniversary of the issuance of the Notes (such issuance date of the Notes, the “Issuance Date”), 75%, and (B) on or after the first anniversary of the Issuance Date, 62.5%.

Conversion Percentage means 100%, subject to adjustment as provided herein;

Conversion Percentage has the meaning set forth in Section 4.7.C hereof.

Conversion Percentage means 80% as adjusted as described herein;

Conversion Percentage means the lesser of: (i) 100% and (ii) with rounding down to the nearest percentage, the product of 100 multiplied by the quotient of (a) the Spin-Off Value (as defined below) minus the Base Value (as defined in your TFIO Performance Cash Award Agreement), divided by (b) the Base Value.