Debt Conversion Amount definition

Debt Conversion Amount means, as of any date of determination, the lesser of (i) the Outstanding Amount of the Convertible Debt; and (ii) 87% of the Net Liquidity Proceeds of a Liquidity Event.
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Debt Conversion Amount means the Debt Conversion Amount specified on Schedule A, which represents the aggregate purchase price of the Securities to be sold at initial Closing of the Offering upon conversion of outstanding indebtedness of the Issuer that is being converted pursuant to written agreement of the Issuer and the holder of such indebtedness (an Subscriber). The Debt Conversion Amount shall be counted toward the Minimum Amount. Issuer and Intermediary represent to the Deposit Account Agent that appropriate disclosures to potential Subscribers regarding the Debt Conversion Amount have been made as part of the Offering; and Intermediary agrees to take appropriate measures to verify that any Debt Conversion Amount is an actual outstanding obligation of the Issuer. The Parties agree that the Deposit Account Agent solely relies on information reported on Schedule A and has no duty or obligation to verify its accuracy.
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Debt Conversion Amount means that number of Buyer Common Shares to which each Company Lender is entitled pursuant to the Debt Conversion Agreement.
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Examples of Debt Conversion Amount in a sentence

  • The rationale of the issue of the RHCL Subscription Shares and RHCL Subscription And Set-Off and Settlement Arrangement is to fully set-off and settle the RHCL Debt Conversion Amount.

  • The rationale of the issue of the SCPL Subscription Shares and SCPL Subscription And Set-Off and Settlement Arrangement is to set-off and settle the SCPL Debt Conversion Amount, whilst conserving cash reserves of the VHL Group.

  • The aggregate amount of proceeds from the allotment and issue of all of the 405,546,000 RHCL Subscription Shares will be approximately S$36.5 million (amounting to approximately US$26.3 million based on the Agreed Exchange Rate), which shall be fully set-off and settled against the RHCL Debt Conversion Amount on the RHCL Subscription Completion Date.

  • The value of the SCPL Subscription and Set-Off and Settlement Arrangement is approximately US$0.5 million, being the SCPL Debt Conversion Amount, and amounts to approximately 0.8% of the VHL Group’s latest audited consolidated NTA.

  • The aggregate amount of proceeds from the allotment and issue of all of the 8,382,620 SCPL Subscription Shares will be approximately S$0.8 million (amounting to approximately US$0.5 million based on the Agreed Exchange Rate), which shall be fully set-off and settled against the SCPL Debt Conversion Amount on the SCPL Subscription Completion Date.

  • Subject to the fulfilment or waiver of the SCPL Conditions Precedent, SCPL shall subscribe for, and the Company shall issue to SCPL, such number of SCPL Subscription Shares at the Agreed Issue Price for each SCPL Subscription Share to the extent of the SCPL Debt Conversion Amount, and the aggregate issue price payable by SCPL for the SCPL Subscription Shares shall be fully set-off and settled against the SCPL Debt Conversion Amount on the SCPL Subscription Completion Date.

  • The SCPL Debt Conversion Amount, to the extent not set-off and settled pursuant to the SCPL SOSA, shall remain outstanding and payable in accordance with the provisions of the SRA.

  • Pursuant to the terms of the Debt Conversion Deed, YPL has agreed to waive its rights to any further interest which accrue on the Debt Conversion Amount from 8 November 2020.

  • The value of the RHCL Subscription and Set-Off and Settlement Arrangement is US$26.3 million, comprising the RHCL Debt Conversion Amount, and amounts to approximately 41.6% of the VHL Group’s latest audited consolidated NTA.

  • Proposed Debt Conversion As the Company intends to repay the Debt Conversion Amount by way of the Proposed Debt Conversion, the value of the IPT (being the amount at risk to the Company) is the amount of the Proposed Debt Conversion of S$1,500,000, representing approximately 416.67% of the audited NTA of the Group for FY2020 amounting to S$360,000.

Related to Debt Conversion Amount

  • 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 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.

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

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

  • 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.

  • 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:

  • 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.

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

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

  • 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.

  • 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.

  • 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).

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

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

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

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

  • 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:

  • 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.

  • Daily Conversion Value means, for each of the 40 consecutive Trading Days during the relevant Observation Period, 2.5% of the product of (a) the Conversion Rate on such Trading Day and (b) the Daily VWAP on such Trading Day.

  • 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).

  • Final Conversion Date means 5:00 p.m. in New York City, New York on the earlier to occur following the IPO of (i) the first Trading Day falling on or after the date on which the outstanding shares of Class B Common Stock represent less than ten percent (10%) of the aggregate number of shares of the then outstanding Class A Common Stock and Class B Common Stock, (ii) the tenth (10th) anniversary of the IPO or (iii) the date specified by affirmative vote of the holders of a majority of the outstanding shares of Class B Common Stock, voting as a single class.

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

  • Acquisition Amount means, for an Acquired Receivable for which the Acquisition Amount is to be included in Available Funds for a Payment Date, the excess of (i) the present value of the Principal Balance of the Receivable as of the last day of the Collection Period immediately preceding the related Collection Period (calculated using the Discount Rate on the basis of a 360-day year of twelve 30-day months and assuming each amount is received at the end of the Collection Period in which the amount is scheduled to be received) over (ii) all cash collections and any other cash proceeds received by the Issuer on the related Receivable from (but excluding) the last day of the Collection Period immediately preceding the related Collection Period to the day on which such Receivable becomes an Acquired Receivable.

  • Term Loan Conversion Date means the Termination Date on which all Revolving Credit Advances outstanding on such date are converted into a term loan pursuant to Section 2.06.

  • Interest Share Amount shall have the meaning set forth in Section 2(a).

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