Converted Amount definition

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

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

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.

Examples of Converted Amount in a sentence

• In order for the Borrower to require conversion of all or part of the Balance or the PIK into shares of Common Stock, the Borrower shall provide written notice to the Holder that Borrower elects to convert all or part of the Balance or the PIK, or both, identifying the Mandatory Converted Amount or the Mandatory Converted PIK Amount, or both, to be converted.

• Holder may elect to convert all, but not less than all, of the outstanding principal balance hereunder (the “Converted Amount”) into a number of shares of Common Stock (the “Conversion Shares”) equal to the quotient obtained by dividing the Converted Amount by the Conversion Price.

• The Principal Amount and interest thereon so elected by the Holder to be converted (the "Converted Amount"), will convert into that number of shares of Common Stock determined by dividing the Converted Amount by the Conversion Price, as adjusted at the time of conversion.

• The Converted Amount will reduce the outstanding balance of the Debenture as of the Conversion Date.

• Following conversion pursuant to this Section, the Converted Amount shall be deemed fully paid and shall no longer be deemed a Secured Obligation hereunder.

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 means: (i) with respect to New GM $10.00 Warrants, an amount of Cash equal to: the product of (A) the number of New GM $10.00 Warrants being converted multiplied by 0.71549, and (B) the weighted average sales price of all of the New GM Common Stock sold pursuant to the Liquidation Order (net of any applicable costs, fees, and expenses paid in respect thereof); (ii) with respect to New GM $18.33 Warrants, an amount of Cash equal to: the product of (A) the number of New GM $18.33 Warrants being converted multiplied by 0.47849, and (B) the weighted average sales price of all of the New GM Common Stock sold pursuant to the Liquidation Order (net of any applicable costs, fees, and expenses paid in respect thereof); and (iii) with respect to New GM Common Stock, an amount of Cash equal to the product of (A) the number of shares of New GM Common Stock being converted, and (B) the weighted average sales price of all of the New GM Common Stock sold pursuant to the Liquidation Order (net of any applicable costs, fees, and expenses paid in respect thereof).

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