Conversion Trigger Event means any point in time at which the CET1 Ratio is less than 7.00%.
Conversion Trigger Event means that, as of the Initial Maturity Date, this Note has not been repaid in full either (i) in cash or (ii) through an Exchange effected in accordance with Section 2(c) below.
Conversion Trigger Event means, with respect to the New Preferred Stock, any 30 day period during which the Market Value of the Common Stock (as determined based on the closing sale price of the Common Stock on the Tokyo Stock Exchange or if the common stock is not listed on the Tokyo Stock Exchange, such other securities exchange or automated quotation system on which the Common Stock is then listed or authorized for quotation) for each day in such period is equal to or greater than the Conversion Price.
Examples of Conversion Trigger Event in a sentence
In addition, under the terms of the Indenture neither the Automatic Conversion, the cancellation or deemed cancellation of interest, the exercise of the UK bail-in power by the relevant UK authority nor a write-down of the Contingent Capital Notes upon the occurrence of a Conversion Trigger Event following a Non-Qualifying Takeover Event (as defined in the Preliminary Prospectus Supplement) with respect to the Contingent Capital Notes will be an Enforcement Event.
More Definitions of Conversion Trigger Event
Conversion Trigger Event means, with respect to the Shares, any 30-day period during which the market value of the Common Stock (as determined based on the closing sale price of the Common Stock on the TSE or such other securities exchange or automated quotation system on which the Common Stock is then listed or authorized for quotation) for each day in such period is equal to or greater than the conversion price of the Shares.
Conversion Trigger Event means the first date on which a Change of Control or Recapitalization is consummated; provided that in connection with such Change of Control, Xxxxx X. Xxxxxxxx exchanges vested shares of Class A Common Stock of Holdings for one or more classes of equity securities of the Issuer.
Conversion Trigger Event. A Conversion Trigger Event shall occur at any point in time at which the fully loaded CET1 Ratio of the Regulatory Group is less than 7.00%. Any interest accrued in respect of an Interest Payment Date which falls on or after the date of the Conversion Trigger Event shall be deemed to have been cancelled upon the occurrence of such Conversion Trigger Event and shall not become due and payable. Conversion Price: $2.448, subject to certain anti-dilution adjustments. The Conversion Price is expected to be fixed at £1.754 on the date of pricing of the Contingent Capital Notes and translated into U.S. dollars at an applicable exchange rate on the same date.
Conversion Trigger Event. A Conversion Trigger Event shall occur at any point in time at which the fully loaded CET1 Ratio of the Regulatory Group is less than 7.00%. Any interest accrued in respect of an Interest Payment Date which falls on or after the date of the Conversion Trigger Event shall be deemed to have been cancelled upon the occurrence of such Conversion Trigger Event and shall not become due and payable. Issuer’s ordinary share price: £1.1970 Conversion Price: $2.179, subject to certain anti-dilution adjustments. The Conversion Price is expected to be fixed at £1.754 on the date of pricing of the Contingent Capital Notes and translated into US dollars at an applicable exchange rate on the same date.
Conversion Trigger Event means the Closing Sale Price of the Common Stock for at least twenty (20) Trading Days in the period of thirty (30) consecutive Trading Days ending on the last Trading Day equals or exceeds One Hundred Forty Percent (140%) of the then applicable Conversion Price.
Conversion Trigger Event has the meaning given that term in Section 10.1.
Conversion Trigger Event means the occurrence of both (i) the consummation or termination of the Rights Offering, and (ii) the Holder and its assigns having purchased the Additional Stock, under the terms and provisions of the Securities Purchase Agreement.