Interest Basis Conversion Date definition

Interest Basis Conversion Date shall have the meaning specified in the applicable Final Terms.
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Examples of Interest Basis Conversion Date in a sentence

  • If Fixed/Floating Rate Interest Basis is specified as being applicable in the relevant Final Terms, the basis upon which interest accrues (and on which the rate of interest shall be determined) will (unless the PR Debt Instruments are redeemed or purchased and cancelled prior to the Interest Basis Conversion Date) change from one interest basis (the “First Interest Basis”) to another (the “Second Interest Basis”).

  • If the Second Interest Basis is specified to be Floating Rate in the relevant Final Terms and the Interest Basis Conversion Date is not a Business Day for the purposes of determining the Interest Rate in accordance with Condition 5.5(b), the Interest Determination Date for the Interest Period immediately following the Interest Basis Conversion Date shall be the Business Day immediately preceding the Interest Basis Conversion Date.

Related to Interest Basis Conversion Date

  • Conversion Date shall have the meaning set forth in Section 4(a).

  • 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.

  • 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.

  • Forced Conversion Amount means the sum of (a) 100% of the aggregate Stated Value then outstanding, (b) accrued but unpaid dividends and (c) all liquidated damages and other amounts due in respect of the Preferred Stock.

  • Interest Basis has the meaning given to it in the applicable Final Terms;

  • 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.