Debenture Conversion Price definition

Debenture Conversion Price means the price at which the Debentures are convertible into Common Shares, being the price of Cdn$19.11 per Common Share or a ratio of approximately 52.3286 Common Shares per Cdn$1,000 principal amount of Debentures.
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Debenture Conversion Price has the meaning ascribed thereto in the opening paragraphs of this Agreement;
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Debenture Conversion Price shall have the meaning ascribed to such term in the Debentures.
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Examples of Debenture Conversion Price in a sentence

  • In the event of an adjustment to the Conversion Price pursuant to this Section 3.5(c), for all purposes of this Debenture, Conversion Price shall mean Conversion Price as Adjusted and Conversion Shares shall mean Conversion Shares as Adjusted.

  • If the Holder elects to be repaid in Company common stock the redemption price will be equal to the lesser of the Initial Fixed Debenture Conversion Price (as adjusted from time to time) or 90% of the 10 day VWAP market price prior to the redemption date.

  • The AIR Debenture and the AIR Warrant shall be collectively referred to as the “AIR Securities.” The AIR Warrant Exercise Price and the AIR Debenture Conversion Price shall be collectively referred to herein as the “AIR Conversion Price.” The shares of Common Stock underlying the AIR Debentures and the AIR Warrant shall be collectively referred to herein as the “AIR Conversion Shares.” 1 The lesser of (y) the then Conversion Price of the Debenture and (z) $0.9824.

  • Each convertible debenture will be deemed to automatically convert, without any further action on the part of the holder and immediately prior to any liquidity event, such as the RTO Transaction, and will automatically convert into 47,434,805 common shares of Britannia Life Sciences Inc., based on the Britannia Debenture Conversion Price and after giving effect to the exchange ratio.

  • Before any adjustment required by the Purchase Agreement, the Purchased Debenture Conversion Price is $0.50 per share, and the Exchange Debenture Conversion Price is $0.375 per share.

  • On or about the date hereof, each Purchaser shall deliver to the Company a conversion notice in accordance with the Debenture in order to convert all of the Debentures into Common Stock at the Debenture Conversion Price and in accordance with the terms of the Debentures such that no Debentures will thereafter remain outstanding.

  • Such contributions will be made into: ▪ the WHSP Superannuation Fund (the Fund); or ▪ any other complying fund in accordance with the relevant legislation.

  • The following is a list of outstanding convertible debentures of the Company issued in January 2007 (the “January Debentures”): Name of Debenture Holder Principal Amount of Debenture Conversion Price Cornix Management LLC $90,000 $0.35* Double U Master Fund LP $360,000 $0.35* Nite Capital LP $225,000 $0.35* Iroquois Master Fund Ltd.

  • Alternatively, beginning on August 1, 2008 Holders will have the right to convert the entire principal amount of the Debenture plus accrued and unpaid interest into Company Common Stock at the Initial Fixed Debenture Conversion Price (as adjusted from time to time) at any time.

  • Each Britannia Debenture is convertible at any time prior to the close of business on the last business day immediately preceding six months of the closing date, into that number of shares computed on the basis of the principal amount of the Britannia Debentures divided by the conversion price of US$1.55 per Britannia Share (the "Britannia Debenture Conversion Price").


More Definitions of Debenture Conversion Price

Debenture Conversion Price means the price at which holders of Debentures may, at the holder’s option, convert the Debentures into fully-paid Units prior to the close of business on the Final Maturity Date (as defined in the Debenture Indenture) or, if called for redemption, on the business day immediately preceding the date specified by the Fund for redemption of Debentures, being a price of $18.75 per Unit, subject to adjustment or the occurrence of certain events;
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Related to Debenture Conversion Price

  • 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.

  • 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.

  • 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.

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

  • 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.

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

  • Company Conversion Price means, the lower of (i) the applicable Conversion Price and (ii) that price which shall be computed as ninety five percent (95%) of the lowest Volume Weighted Average Price of the Common Stock during the fifteen (15) consecutive Trading Days immediately preceding the applicable Installment Date. All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction.

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

  • 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.

  • Adjusted Conversion Price means the lesser of the Fixed Conversion Price or the Floating Conversion Price one day prior to the record date set for the determination of stockholders entitled to receive dividends, distributions, rights or warrants as provided for in Sections 4(c)(ii), (iii) and (iv).

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

  • Interest Conversion Shares shall have the meaning set forth in Section 2(a).

  • 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.

  • 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 20 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 20 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.

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

  • Series A Redemption Price has the meaning set forth in Section 16.6(a).

  • Final Preference Share Redemption Amount means, subject to the provisions of the Articles and the Conditions, in respect of each Preference Share, an amount expressed in the Settlement Currency determined by the Calculation Agent equal to the Notional Amount multiplied by:

  • Final Preference Share Redemption Date means the date that falls twenty Business Days following the Valuation Date on which the Calculation Agent has determined the Final Preference Share Redemption Amount or, if earlier, the first Auto-Call Valuation Date on which an Auto-Call Trigger Event has occurred.

  • 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.

  • Early Preference Share Redemption Amount means, subject to the provisions of the Articles and the Conditions, in respect of each Preference Share, an amount expressed in the Settlement Currency calculated by the Calculation Agent as the fair market value (calculated without taking into account the creditworthiness of the Company) of a Preference Share as of the Early Preference Share Valuation Date taking into account such factor(s) as the Calculation Agent determines appropriate, including, but not limited to, the relevant Early Preference Share Redemption Event after deducting any Associated Costs (to the extent not already reflected in such fair market value).

  • Conversion Value means, with respect to Convertible Capital Appreciation Bonds, the Accreted Value as of the Conversion Date.

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

  • Conversion Share means any share of Common Stock issued or issuable upon conversion of any Note.