Examples of Conversion Premium in a sentence
New Sales commissions above the basic rate of pay will be based upon the New Sales Conversion Premium Incentive Rate Table #3.
If the Lender elects to convert, the Lender will be deemed to receive the principal amount of the Loan to be converted plus the Conversion Premium which will together then be deemed to be paid to the Company for the Conversion Shares pursuant to Clause 5.2 (Conversion Rights).
For any Automatic Conversion or Optional Conversion based on the Maximum Common Equity Value, the Conversion Amount will be multiplied by the “Conversion Premium Factor” The Conversion Premium Factor will be 1.15.
Be responsible for the payment of the Conversion Premium, the Development Order Charge and all other fees, charges, premiums, levies, duties, penalties, dues payable to the relevant authorities; (if any).
Ranking: Senior unsecured Last Reported Sale Price on April 10, 2012: $16.53 Conversion Premium: 29.0% Initial Conversion Price: Approximately $21.32 Initial Conversion Rate: 46.8962 Use of Proceeds: We estimate that the net proceeds from this offering will be approximately $193.0 million (or approximately $222.0 million if the initial purchasers exercise their option to purchase additional notes in full), after deducting fees and estimated expenses.