Converted Amount definition

Converted Amount shall have the meaning set forth in Section 8.3.

Converted Amount means, with respect to any exercise by a Lender of its conversion option pursuant to Section 2.01(d), the principal amount of the Loans such Lender chooses to convert into common equity of the Parent as a result of such exercise.

Converted Amount has the meaning assigned to such term in Section 10.01.

Examples of Converted Amount in a sentence

• The following formula shall be used for all conversions: Number of Days Accumulated Number of Days Which May be Converted Amount per Day 8-10 1 $100 11-20 2 $85 21-40 3 $70 41-60 4 $65 61-100 5 $60 101-150 6 $55 150 and Above 10 $50 See also, XVI, D.

• Reconversion and reinstatement as debt of the Converted Amount shall be made pro rata with any amounts converted in respect of other Capital Securities of the Company ranking pari passu with the Notes.

• The rights of the holders of Notes in respect of the Converted Amount will thereupon be converted into rights of providers of conditional capital contributions as set out herein.

• For the avoidance of doubt, amounts converted in respect of Capital Securities and any other securities expressed to rank junior to the Notes shall be reconverted and reinstated as debt only after the Converted Amount (and any other amounts converted in respect of other Capital Securities of the Company expressed to rank pari passu with the Notes) have been so reconverted and reinstated.

• Upon reconversion and reinstatement as debt of the Converted Amount as described above the Company shall give prompt notice thereof to each holder of Notes.

More Definitions of Converted Amount

Converted Amount means, with respect to a Term Loan, (i) if the Conversion Order specifies an amount of Total Internal TLAC to be converted, the product of the principal amount of the Term Loan and the lesser of (x) the quotient of the amount specified in the Conversion Order divided by Total Internal TLAC and (y) one (1); (ii) if the Conversion Order specifies a percentage reduction of Total Internal TLAC, the product of that percentage and the outstanding principal amount of the Term Loan or (iii) otherwise, an amount of Total Internal TLAC equal to that required to achieve the requirements specified in the Conversion Order as determined by the Borrower in good faith.

Converted Amount means, with respect to any Security being converted, the principal amount of such Security or, if less than the entire principal amount of such Security is being converted, such portion of the principal amount thereof as is being converted.

Converted Amount. With respect to any Conversion Date, the amount specified in a notice delivered by the Borrowers’ Agent to the Agent pursuant to Section 2.13(c)(ii) or, if such notice is not given within the prescribed 30-Business Day period, an amount equal to the greater of the aggregate unpaid principal balance of the Revolving Loans as of such Conversion Date and $25,000,000 plus integral multiples of $1,000,000 in excess thereof, not to exceed the aggregate unpaid principal balance of the Revolving Loans as of such Conversion Date.

Converted Amount means that number of Series A Preferred Units or Series B Preferred Units of a Holder that are being converted into Common Units pursuant to Section 4.7 with respect to Series A Preferred Units and that automatically convert pursuant to Section 4.1(c) with respect to Series B Preferred Units.

Converted Amount means the amount as defined in Clause 8.2 (Conversion and the Tranche B Term Facility).

Converted Amount shall have the meaning ascribed to it in Section 12.11.2(b) .

Converted Amount has the meaning set forth in Section 4.04(b)(iii).