Conversion Price Collar definition
Conversion Price Collar. The Preferred Conversion Price shall be subject to a collar that will provide for a floor of $10.875 per share (the “Preferred Conversion Floor”) and a cap equal to the greater of (x) $19.00 and (y) the VWAP calculated as of the Effective Date less the Preferred Conversion Floor plus such VWAP (the “Preferred Conversion Cap”).