Initial Conversion Period definition

Initial Conversion Period has the meaning given in Schedule A, Section 2.4(b)(i).
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Initial Conversion Period means the period commencing on the closing date of a Liquidity Event and ending on the date that is 24-months from the closing date of the Liquidity Event.
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Initial Conversion Period has the meaning specified in Section 6.01(b).
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Examples of Initial Conversion Period in a sentence

  • Following the Initial Conversion Period, the Conversion Price means, as of the date of conversion, the Variable Conversion Price (as defined herein and subject to equitable adjustments for stock splits, stock dividends or rights offerings by the Borrower relating to the Borrower’s securities or the securities of any subsidiary of the Borrower, combinations, recapitalization, reclassifications, extraordinary distributions and similar events).

  • Following the Initial Conversion Period, the Conversion Price shall be equal to the Variable Conversion Price (as defined herein)(subject to equitable adjustments for stock splits, stock dividends or rights offerings by the Borrower relating to the Borrower’s securities or the securities of any subsidiary of the Borrower, combinations, recapitalization, reclassifications, extraordinary distributions and similar events).

  • After the Initial Conversion Period, if the Series E Stock has not otherwise been converted, the Series E Stock may convert at the option of the Holder at the lower of: (i) the Initial Conversion Price, or (ii) ninety percent (90%) of the average of the per share Fair Market Value (as defined below) of the Common Stock for the twenty (20) consecutive trading days immediately preceding the date notice of conversion is received by the Corporation.

  • After the Initial Conversion Period, the conversion price (the “Conversion Price”) shall equal the lesser of: (i) the Fixed Price; and (ii) the Variable Conversion Price (as defined herein) (subject to equitable adjustments by the Borrower relating to the Borrower’s securities or the securities of any subsidiary of the Borrower, combinations, recapitalization, reclassifications, extraordinary distributions and similar events).

  • During the one year period commencing with closing on the issue of the Series E Stock (the "Initial Conversion Period"), the conversion price of each share of the Series E Stock shall be equal to $1.30 per share (the "INITIAL CONVERSION PRICE") (the Initial Conversion Price, as it may be adjusted pursuant to the terms of this Section 5(b) and Section 6, is referred to as the "CONVERSION PRICE").

  • Following the Initial Conversion Period, the Conversion Price shall mean, as of the date of conversion, the Variable Conversion Price (as defined herein and subject to equitable adjustments for stock splits, stock dividends or rights offerings by the Borrower relating to the Borrower’s securities or the securities of any subsidiary of the Borrower, combinations, recapitalization, reclassifications, extraordinary distributions and similar events).

  • If a Conversion Notice or the Extension Notice is not delivered in respect of any portion of the Convertible Bonds by the end of the Initial Conversion Period or if a Conversion Notice is not delivered in respect of any portion of the Convertible Bonds by the end of the Conversion Period, such Convertible Bonds shall be redeemed on Maturity Date in accordance with Condition 8.1, but subject always to any redemption pursuant to Condition 8.2 or Condition 8.3.

  • The Company shall review such calculation promptly upon receipt and shall notify the Lender no later than on the close of the third Trading Day immediately after the end of the Initial Conversion Period or, as the case may be, the Subsequent Conversion Period, by 5:00 p.m. (Geneva time), of any objections (which shall include a brief explanation of the objection(s)) (the Objections) it may have.


More Definitions of Initial Conversion Period

Initial Conversion Period has the meaning assigned in Condition 6.1(i);
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Initial Conversion Period means the period commencing on the date of issuance of this Debenture and ending on December 31, 2008;
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Related to Initial Conversion Period

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

  • Conversion Period means the period of time commencing on the eighth day after the Offer Date and terminating on the Expiry Date;

  • 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.

  • Optional Conversion Date means, with respect to the Optional Conversion of any Convertible Preferred Stock, the first Business Day on which the requirements set forth in Section 10(d)(ii) for such conversion are satisfied.

  • Make-Whole Fundamental Change Conversion Period has the following meaning:

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

  • Automatic Conversion Date shall have the meaning specified in Section 15.12(a).

  • Optional Conversion means the conversion of any Convertible Preferred Stock other than a Mandatory Conversion.

  • Forced Conversion Notice Date shall have the meaning set forth in Section 6(d).

  • Forced Conversion Date shall have the meaning set forth in Section 6(d).

  • 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.

  • 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:

  • Major conversion means a conversion of an existing ship:

  • Judgment Conversion Date as defined in subsection 10.8(a).

  • 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.

  • Change of Control Conversion Date shall have the meaning provided in the Articles Supplementary.

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

  • 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).

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

  • 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.

  • 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.

  • Mandatory Conversion Notice shall have the meaning ascribed to it in Section 4.01(b)(ii) hereof.

  • 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.

  • 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.

  • Forced Conversion Notice shall have the meaning set forth in Section 6(d).

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