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.

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.

• For the purposes of this Section 7(d)(iii), "Effective Conversion Price" shall mean an amount equal to the sum of the consideration, if any, received or receivable by the Company with respect to each Additional Share of Common Stock upon issuance of the Rights or Convertible Securities and upon their exercise or conversion, respectively.

• If the Borrower fails to redeem the Borrower Redemption Amount on the applicable Installment Date by payment of the Borrower Installment Redemption Price on such date, then at the option of the Holder designated in writing to the Borrower (any such designation, a “Conversion Notice” for purposes of this Note), the Holder may require the Borrower to convert all or any part of the Borrower Redemption Amount at the Effective Conversion Price.

• The Eighth Converted Notes, with an aggregate principal value of S$150,000, shall be converted into an aggregate of 7,142,857 Conversion Shares at the Effective Conversion Price of S$0.021 for each Conversion Share.

• 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).

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 (x) 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 (y) the number of Ordinary Shares issuable upon the exercise, conversion or exchange of the Ordinary Share Equivalent.

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 shall have the meaning ascribed to it in the Restated Articles.

Effective Conversion Price shall have the meaning assigned to such term in Section 4.19.

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, 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).