Effective Conversion Price definition

Effective Conversion Price means, with respect to any Common Share Equivalent at any given time, an amount equal to the quotient of (i) the sum of any consideration, if any, received by the Company with respect to the issuance of such Common Share Equivalent and the lowest aggregate consideration receivable by the Company, if any, upon the exercise, exchange or conversion of the Common Share Equivalent over (ii) the number of Common Shares issuable upon the exercise, conversion or exchange of the Common Share Equivalent.

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Effective Conversion Price means, as of any date of determination, a dollar amount derived by dividing the Principal Amount by the Conversion Rate then in effect (assuming a Conversion Date eight Trading Days prior to the date of determination); provided that from and after June 9, 2008 (or if such day is not a Business Day, the immediately succeeding Business Day), the Effective Conversion Price shall be the Principal Amount as of such date of determination divided by the Fixed Conversion Rate.

Effective Conversion Price means the Conversion Price calculated in accordance with the definition of “Conversion Price” in the Subscription Agreement, after giving effect to any adjustments required by operation of the proviso in that definition;

Examples of Effective Conversion Price in a sentence

• Any Common Stock delivered upon a Principal Value Conversion will be valued at the greater of the Effective Conversion Price on the Conversion Date and the Applicable Stock Price as of the Conversion Date.

• In determining whether any Additional Shares are issued for less than the Effective Conversion Price, and in determining the aggregate offering consideration received for such Additional Shares, there shall be taken into account the fair market value of any consideration received by the Corporation for such Additional Shares (the fair market value of any such non-cash consideration to be determined in good faith by the board of directors of the Corporation).

• For the purposes of this Section 5(f)(iv), "Effective Conversion Price" shall mean an amount equal to the sum of the lowest amount of consideration, if any, received or receivable by the Corporation with respect to any one Additional Share of Common Stock upon issuance of the Rights or Convertible Securities and upon their exercise or conversion, respectively.

• Upon the conversion of each Preferred Share, the Investor shall surrender the Preferred Share being converted, plus the Investor will automatically sell and transfer to the Company for no consideration (the “Repurchase”) additional Preferred Shares such that the total number of Preferred Shares surrendered and subject to the Repurchase shall be equal to (a) the total number of Ordinary Shares issuable upon such conversion, multiplied by (b) the Effective Conversion Price, divided by (c) 30,000.

• Common Stock delivered upon a Principal Value Conversion will be valued at the greater of the Effective Conversion Price on the Conversion Date and the Applicable Stock Price as of the Conversion Date and will be delivered no later than the third Business Day following the determination of the Applicable Stock Price.

More Definitions of Effective Conversion Price

Effective Conversion Price means, with respect to any Ordinary Share Equivalent at a given time, an amount equal to the quotient of (i) the sum of any consideration, if any, received by the Company with respect to the issuance of such Ordinary Share Equivalent and the lowest aggregate consideration receivable by the Company, if any, upon the exercise, exchange or conversion of the Ordinary Share Equivalent over (ii) the number of Ordinary Shares issuable upon the exercise, conversion or exchange of the Ordinary Share Equivalent.

Effective Conversion Price per Common Share means (1) until May 1, 2009, $1,000 principal amount of Securities and (2) thereafter, the Principal Amount of, plus accrued and unpaid regular interest on, $1,000 principal amount of Securities, in each case divided by the Conversion Rate.

Effective Conversion Price means, with respect to any Common Share Equivalent at a given time, an amount equal to the quotient obtained by dividing (i) the sum of any consideration, if any, received by the Company with respect to the issuance of such Common Share Equivalent and the lowest aggregate consideration receivable by the Company, if any, upon the exercise, exchange or conversion of the Common Share Equivalent by (ii) the maximum number of Common Shares issuable upon the exercise, conversion or exchange of the Common Share Equivalent;

Effective Conversion Price means, as of any date of determination, a dollar amount per share (initially $17.84) derived by dividing $1,000 by the Conversion Rate then in effect (assuming a Conversion Date eight Trading Days prior to the date of determination).

Effective Conversion Price means, at any time, the lesser of (i) $5.25 (provided, that such price shall be adjusted in the same manner as the Conversion Price is adjusted upon the occurrence of any event specified in Section 7 below) and (ii) the Conversion Price in effect at such time.

Effective Conversion Price means the gross proceeds of the Additional Bonds divided by the number of Shares issuable upon full conversion of the Additional Bonds as at 18 November 2019. Negative Pledge So long as any Bond remains outstanding, the Issuer will not, and will ensure that none of its Principal Subsidiaries will, create or have outstanding any mortgage, charge, lien, pledge or other security interest (other than a security interest arising by operation of law or a Permitted Charge) upon the whole or any part of its present or future undertaking, assets or revenues (including any uncalled capital) to secure any Relevant Indebtedness, or any guarantee or indemnity in respect of any Relevant Indebtedness, unless at the same time or prior thereto according to the Bonds (a) the same security is created or subsisting to secure any such Relevant Indebtedness, guarantee or indemnity; or (b) such other security as either (x) the Trustee shall in its absolute discretion deem not materially less beneficial to the interests of the Bondholders or (y) shall be approved by an Extraordinary Resolution of the Bondholders. See “Terms andConditions of the Bonds — Negative Pledge”. Redemption for Taxation Reasons At any time the Issuer may, having given not less than 30 nor more than 60 days’ notice, redeem all and not some only of the Bonds at their principal amount, if the Issuer has or will become obliged to pay additional amounts as a result of any change in, or amendment to, the laws or regulations of the Cayman Islands or Hong Kong. However, each Bondholder shall have the right to elect not to have such Bondholder’s Bonds redeemed, whereupon no additional amounts as a result of such changes affecting taxes in the Cayman Islands or Hong Kong will be payable and payment of all amounts shall be made subject to deduction or withholding of the taxation required to be deducted or withheld. See “Terms and Conditions of the Bonds —Redemption, Purchase and Cancellation — Redemption for Taxation Reasons”. Redemption at the Option of the Issuer At any time after 7 July 2020 the Issuer may, having given not less than 45 nor more than 60 days’ notice, redeem all and not some only of the Bonds on the Optional Redemption Date (as defined in the “Terms and Conditions of the Bonds”) at their principal amount if the Closing Price of a Share (translated into US dollars at the Prevailing Rate) for any 20 consecutive Trading Days, the last of which occurs not more than 10 days prior to the date upon which ...

Effective Conversion Price shall have the meaning ascribed to it in the Restated Articles.