Mandatory Conversion Amount definition

Mandatory Conversion Amount means the number of shares of Common Stock constituting the following proportion of all outstanding shares of Common Stock of the Company after giving effect to the issuance of the Mandatory Conversion Amount: (X) 2.238075 times the Original Issue Price per share of Series A Preferred Stock times the number of shares of Series A Preferred Stock issued on the Issue Date divided by (Y) the sum of (i) the PropCo Common Equity Implied Value plus (ii) the Original Issue Price per share of Series A Preferred Stock times the number of shares of Series A Preferred Stock issued on the Issue Date. By way of illustration, if (x) $300.0 million in aggregate Original Issue Price value of Series A Preferred Stock is issued on the Issue Date, (y) there is no PropCo Preferred Equity Upsize Amount and (z) the maximum amount of $1,250,000,000 of debt is equitized in the PropCo Equity Elections, the Mandatory Conversion Amount would equal the number of shares of Common Stock constituting $671.4225 million divided by $2,984.1 million, or 22.50%, of the outstanding shares of Common Stock of the Company after giving effect to the issuance of the Mandatory Conversion Amount.
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Mandatory Conversion Amount shall have the meaning ascribed thereto in Section 2.2.
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Mandatory Conversion Amount shall have the meaning set forth in Section 4(c).
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Examples of Mandatory Conversion Amount in a sentence

  • Notwithstanding the foregoing, any Conversion Amount subject to a Mandatory Conversion may be converted by the Holder hereunder prior to the applicable Mandatory Conversion Date and such aggregate Conversion Amount converted hereunder on or after the Mandatory Conversion Notice Date and prior to such Mandatory Conversion Date shall reduce the Mandatory Conversion Amount to be converted on such Mandatory Conversion Date.

  • All Conversion Amounts converted by the Holder after the Mandatory Conversion Notice Date shall reduce the Mandatory Conversion Amount of this Note required to be converted on the Mandatory Conversion Date, unless the Holder otherwise indicates in the applicable Conversion Notice.

  • Notwithstanding anything to the contrary in this Section 3(c)(v)(A), until the Mandatory Conversion has occurred, the Mandatory Conversion Amount may be converted, in whole or in part, by the Holder into shares of Common Stock pursuant to Section 3(c)(i).

  • Notwithstanding the foregoing, any Conversion Amount subject to a Mandatory Conversion may be converted by the Holder hereunder prior to the applicable Mandatory Conversion Date and such aggregate Conversion Amount converted hereunder whether or not before or after the Mandatory Conversion Notice Date and prior to such Mandatory Conversion Date shall reduce the Mandatory Conversion Amount to be converted on such Mandatory Conversion Date.

  • Notwithstanding the foregoing, (x) the Company may affect only one (1) Mandatory Conversion during any three (3) Trading Day period and (y) the Holder may, at its option, by written notice to the Company at any time on or prior to the applicable Mandatory Conversion Date, increase the Mandatory Conversion Amount to any amount up to, and including, all of the Conversion Amount then outstanding hereunder, whether or not in excess of the Maximum Mandatory Conversion Amount.


More Definitions of Mandatory Conversion Amount

Mandatory Conversion Amount is the amount equal to (x) the Lender's Allocable Share of (x) ten percent (10%) of the Weekly Weighted Trading Volume for the Trading Week ended on the last Trading Day before the date the Mandatory Conversion Notice is given.
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Mandatory Conversion Amount shall have the meaning set forth in Section 4(e). “Mandatory Conversion Date” shall have the meaning set forth in Section 4(e). “Mandatory Conversion Measuring Period” shall have the meaning set forth in Section 4(e). “Mandatory Conversion Notice” shall have the meaning set forth in Section 4(e). “Mandatory Conversion Notice Date” shall have the meaning set forth in Section 4(e).
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Mandatory Conversion Amount means $500,000, as may be adjusted for any particular Adjustment Date pursuant to Section 6(c).
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Mandatory Conversion Amount means the number of shares of Common Stock constituting the following proportion of all outstanding shaies of Common Stock of the Company aftei giving effect to the issuance of the Mandatoiy Conversion Amount (X) 2 238075 times the Original Issue Price pei share of Series A Prefened
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Mandatory Conversion Amount means the aggregate of (i) the aggregate outstanding principal amount of the Securities, (ii) accrued but unpaid interest on the Adjusted Outstanding Principal Amount, if any, with respect to the current Interest Period accrued on a daily basis to (but excluding) the date of the Mandatory Conversion, (iii) unpaid Deferred Coupons, if any, and (iv) Additional Amounts, if any.
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Mandatory Conversion Amount means, with respect to any Mandatory Conversion Date, a number of shares of New Mandatorily Convertible Preferred Stock equal to the lesser of (i) 25% of the total number of shares of New Mandatorily Convertible Preferred Stock issued hereunder and (ii) the number of shares of New Mandatorily Convertible Preferred Stock outstanding on such Mandatory Conversion Date.
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Mandatory Conversion Amount has the meaning specified therefor in ‎Section 10.01(a),
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