Floor Conversion Price definition

Floor Conversion Price means ¥870, subject to adjustment in the same manner as provided in Condition 5.2 (except for any of Condition 5.2.15, 5.2.16 or 5.2.17), in the period to and including the relevant Conversion Price Reduction Start Date, and disregarding any Retroactive Adjustment to take effect after the relevant Conversion Price Reduction Start Date (but without prejudice to the Company’s obligations in respect thereof) in accordance therewith (rounded up to the nearest one yen);
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Floor Conversion Price means $1.00 per share of Common Stock; provided, however, that in the event the Company (i) subdivides its outstanding Common Stock into a greater number of shares, or (ii) combines its outstanding Common Stock into a lesser number of shares, or (iii) increases or decreases the number of shares of outstanding Common Stock by reclassification of its Common Stock, then the Floor Conversion Price on the date of such division or distribution of the effective date of such action shall be adjusted by multiplying the Floor Conversion Price by a fraction, the numerator of which is the number of shares of Common Stock outstanding immediately before such event and the denominator of which is the number of shares of Common Stock outstanding immediately after such event.
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Floor Conversion Price means $0.25 per share of Common Stock, subject to adjustment.
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Examples of Floor Conversion Price in a sentence

  • Accordingly, for illustrative purpose, the Floor Conversion Price of HK$2.52 is used in calculating the number of Shares the outstanding 2025 Convertible Bonds can be converted into.

  • As at the date of this joint announcement, the Offeror and the Company do not expect the Conversion Price Reset for the 2025 Convertible Bonds to take place or the conversion price to be below the Floor Conversion Price of HK$2.52, irrespective of whether Completion is prior to or after the Conversion Price Reset date.

  • Nothing contained herein shall be construed to require the adjustment of the Fixed Conversion Price or the Floor Conversion Price in the event that the Company issues additional series or classes of its common stock as long as any such issuance does not result in dilution of the shares of GMO Stock then outstanding.

  • If conversion is not made in connection with a Subsequent Financing the conversion price shall be the greater of (i) the Market Price or (ii) the Floor Conversion Price.

  • The number of Conversion Shares issuable upon conversion of the Debentures may increase substantially in certain circumstances, including the circumstance wherein the trading price of the Common Stock declines (subject to the Floor Conversion Price set forth in the Debentures).


More Definitions of Floor Conversion Price

Floor Conversion Price means $.25 per share of Common Stock, subject to adjustment.
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Floor Conversion Price means $3.00, subject to applicable adjustment as provided herein.
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