Conversion Pricing Period definition

Conversion Pricing Period means a period of twenty-one (or such fewer number as shall be mutually agreed upon in writing by the Corporation and the holder of the Series E Preferred Stock being converted) consecutive Trading Days immediately preceding the date of delivery of a Holder Conversion Notice or the Mandatory Conversion Date, as the case may be.
Sample 1Sample 2Sample 3
Conversion Pricing Period means, as of a date, a period of 10 consecutive Trading Days ending as of such date; provided, however, that no such period shall begin prior to the Initial Closing Date.
Sample 1Sample 2
Conversion Pricing Period means the 20 Trading Days commencing on the 3rd Trading Day and ending on and including the 22nd Trading Day, in each case following the receipt of a Conversion Notice delivered pursuant to Section 5(c)(i).
Sample 1

Examples of Conversion Pricing Period in a sentence

  • In such event the Obligor shall provide to the Holder written notice at the end of business, but not later than 5:30 pm EST, on the last Trading Day of the Forced Conversion Pricing Period (the “Forced Conversion Notice”).

  • VALID Any trading day during a Conversion Pricing Period in which TRADING DAY: either (i) the Minimum Daily Price has been exceeded, or (ii) the Minimum Daily Price has not been exceeded and Fortis and CMI agree to include such day as a Valid Trading Day in such Conversion Pricing Period.

  • Dated: Signature(s) ¨ This Security (or portion thereof specified below) is to be converted on the Special Conversion Date related to the Special Conversion Pricing Period during which this Notice is delivered to the Company.

  • The Maximum Conversion Pricing Period shall commence on the twenty-first (21st) calendar day immediately following the filing of Form 8K announcing the Agreement and Plan of Reorganization of Simpla Gene Inc and New Colorado Prime Holdings, Inc ("8K Filing Date") and ending on the date which is the earlier of 1) the Effective Date (as defined herein) or 2) the one hundred and twentieth (120th) trading day following the 8K Filing Date.

  • In connection with the conversion of any shares of Series E Preferred Stock, no fractions of shares of Common Stock shall be issued, but in lieu thereof the Corporation shall pay a cash adjustment in respect of such fractional interest in an amount equal to such fractional interest multiplied by the Average Closing Trade Price for the applicable Conversion Pricing Period.

  • AVERAGE CLOSING Calculated by dividing (i) the sum of the closing trade TRADE PRICE: prices as reported on the stock exchange composite tape for CMI common stock on each Valid Trading Day during the applicable Conversion Pricing Period, by (ii) the total number of Valid Trading Days in such Conversion Pricing Period.

  • MINIMUM Either (i) 75% of the Closing Trade Price for the trading DAILY PRICE: day immediately preceding either the date of delivery of the Holder Conversion Notice to the Company or the Mandatory Conversion Date, as the case may be, or (ii) an amount agreed upon by Fortis and CMI at the beginning of any Conversion Pricing Period, that shall be applicable for every trading day during a Conversion Pricing Period.

  • Fortis may convert its Preferred Shares into common stock, which will not require registration to trade, at a price per share equal to the Closing Trade Price for a Valid Trading Day within the Conversion Pricing Period mutually acceptable to CMI and Fortis or, if no Closing Trade Price is mutually acceptable to CMI and Fortis, the Average Closing Trade Price of CMI common stock over the applicable Conversion Pricing Period.

  • In connection with the conversion of any shares of Series D Preferred Stock, no fractions of shares of Common Stock shall be issued, but in lieu thereof the Corporation shall pay a cash adjustment in respect of such fractional interest in an amount equal to such fractional interest multiplied by the Average Closing Trade Price for the applicable Conversion Pricing Period.

  • The Maximum Conversion Price shall be equal to ninety percent (90%) of the average of the five (5) lowest closing best bid prices of the Common Stock during the "Maximum Conversion Pricing Period".

Related to Conversion Pricing Period

  • Conversion Period means the period of time commencing on the eighth day after the Offer Date and terminating on the Expiry Date;

  • Fixed Conversion Price shall have the meaning set forth in Section 4(b).

  • Interest Conversion Price means, with respect to any Interest Date, that price which shall be computed as 100.0% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the ten (10) consecutive Trading Days immediately preceding the applicable Interest Date (each, an “Interest Measuring Period”). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during such period.

  • Draw Down Pricing Period means, with respect to each Draw Down, a period of eight (8) consecutive Trading Days beginning on the first Trading Day specified in a Draw Down Notice.

  • Default Conversion Price shall have the meaning set forth in Section 4(b).

  • New Conversion Price means the amount determined in accordance with the following formula, which shall apply from the QTE Effective Date: NCP = ECP * (VWAPAES / VWAPOS) where:

  • Series A Conversion Price shall initially be equal to $0.71. Such initial Series A Conversion Price, and the rate at which shares of Series A Preferred Stock may be converted into shares of Common Stock, shall be subject to adjustment as provided below.

  • Initial Conversion Price has the meaning specified in Section 13.01.

  • Make-Whole Fundamental Change Conversion Period has the following meaning:

  • Forced Conversion Amount means the sum of (a) 100% of the aggregate Stated Value then outstanding and (b) all liquidated damages and other amounts due in respect of the Preferred Stock.

  • Interest Conversion Rate means the lesser of (a) the Conversion Price or (b) 90% of the lesser of (i) the average of the VWAPs for the five (5) consecutive Trading Days ending on the Trading Day that is immediately prior to the applicable Interest Payment Date or (ii) the average of the VWAPs for the five (5) consecutive Trading Days ending on the Trading Day that is immediately prior to the date the applicable Interest Conversion Shares are issued and delivered if such delivery is after the Interest Payment Date.

  • Series A Conversion Rate means, as adjusted pursuant to Section 5.8(b)(vi)(E), the number of Common Units issuable upon the conversion of each Series A Preferred Unit, which shall be the quotient of (a) the sum of (i) the Series A Issue Price, plus (ii) any Series A Unpaid Distributions on the applicable Series A Preferred Unit, plus (iii) only for purposes of the definition of “Series A COC Conversion Rate,” any Series A Partial Period Distributions on the applicable Series A Preferred Unit, divided by (b) the Series A Issue Price.

  • Conversion Price means as of any time, $1,000, divided by the Conversion Rate as of such time.

  • Base Conversion Price shall have the meaning set forth in Section 5(b).

  • Series B Conversion Price means, as of the applicable Conversion Date, the greater of (A) the average of the Market Values of the Common Stock for the five consecutive Trading Days preceeding (but not including) such Conversion Date, or (B) the then effective Series B Minimum Conversion Price.

  • Company Conversion Price means, as of any date of determination, the price which shall be the lower of (i) the applicable Conversion Price and (ii) that price computed as 90% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the ten (10) consecutive Trading Days ending on the Trading Day immediately preceding the applicable Company Redemption Date (each a “Company Conversion Measuring Period”). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction that proportionately decreases or increases the Common Stock during such Company Conversion Measuring Period.

  • Variable Conversion Price means the lesser of (i) the Conversion Price or (ii) 25% multiplied by the Market Price (as defined herein) (representing a discount rate of 75%). “Market Price” means the average of the lowest three (3) Trading Prices (as defined below) for the Common Stock during the ten (10) Trading Day period ending on the latest complete Trading Day prior to the Conversion Date. “Trading Price” means, for any security as of any date, the closing bid price on the Over-the-Counter Market, or applicable trading market (the “OTCQB”) as reported by a reliable reporting service (“Reporting Service”) designated by the Holder (i.e. Bloomberg) or, if the OTCQB is not the principal trading market for such security, the closing bid price of such security on the principal securities exchange or trading market where such security is listed or traded or, if no closing bid price of such security is available in any of the foregoing manners, the average of the closing bid prices of any market makers for such security that are listed in the “pink sheets” by the National Quotation Bureau, Inc. If the Trading Price cannot be calculated for such security on such date in the manner provided above, the Trading Price shall be the fair market value as mutually determined by the Borrower and the holders of a majority in interest of the Notes being converted for which the calculation of the Trading Price is required in order to determine the Conversion Price of such Notes. “Trading Day” shall mean any day on which the Common Stock is tradable for any period on the OTCQB, or on the principal securities exchange or other securities market on which the Common Stock is then being traded, provided, however, that at no time, notwithstanding the occurrence of an Event of Default, may the Conversion Price be less than par value of Common Stock.

  • Pricing Period means the five (5) consecutive Trading Days after the Advance Notice Date.

  • Conversion Amount means the sum of the Stated Value at issue.

  • Alternate Conversion Price means, with respect to any Alternate Conversion that price which shall be the lowest of (i) the applicable Conversion Price as in effect on the applicable Conversion Date of the applicable Alternate Conversion, and (ii) the greater of (x) the Floor Price and (y) 80% of the lowest VWAP of the Common Stock during the five (5) consecutive Trading Day period ending and including the Trading Day immediately preceding the delivery or deemed delivery of the applicable Conversion Notice (such period, the “Alternate Conversion Measuring Period”). All such determinations to be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or similar transaction that proportionately decreases or increases the Common Stock during such Alternate Conversion Measuring Period.

  • Conversion Rate shall have the meaning specified in Section 14.01(a).

  • Forced Conversion Date shall have the meaning set forth in Section 6(d).

  • Subsequent Fixed Rate Period means for the initial Subsequent Fixed Rate Period, the period commencing on April 1, 2022 and ending on and including March 31, 2027 and for each succeeding Subsequent Fixed Rate Period, the period commencing on the day immediately following the end of the immediately preceding Subsequent Fixed Rate Period and ending on and including March 31 in the fifth year thereafter.

  • Mandatory Conversion Date has the meaning set forth in Section 7(a).

  • Applicable Conversion Price means the Conversion Price in effect at any given time.