Maturity Conversion Price definition

Maturity Conversion Price means the product of (A) 95% multiplied by (B) the arithmetic average of the Weighted Average Price of the Common Stock on each trading day during the 30 consecutive trading days immediately preceding the Mandatory Conversion or Redemption Date.

Maturity Conversion Price means the arithmetic average of the Weighted Average Price of the Common Stock on each trading day during the Maturity Measuring Period; provided, however, that for each Price Failure Date during the Maturity Measuring Period, for purposes of calculating the Maturity Conversion Price, the Weighted Average Price of the Common Stock on such Price Failure Date shall be equal to $3.00 (subject to adjustment for stock splits, stock dividends, stock combinations and similar transactions).

Maturity Conversion Price means that price which shall be the lower of (i) the applicable Conversion Price and (ii) the price computed as 95% of the arithmetic average of the Weighted Average Price of the Common Shares during each of the twelve (12) consecutive Trading Days beginning on the Trading Day immediately following the Maturity Date (such period, the "Maturity Conversion Measuring Period"); provided, however, that if such arithmetic average of the Weighted Average Price during the Maturity Conversion Measuring Period shall yield a price that is less than $1.00, then the Maturity Conversion Price shall be computed as 90% of the arithmetic average of the Weighted Average Price of the Common Shares during the Maturity Conversion Measuring Period. Notwithstanding the foregoing, in the event that as a result of the application of the Exchange Cap the Company is unable to issue Common Shares on the Maturity Settlement Date using the Maturity Conversion Price as calculated pursuant to the foregoing sentence, then the Maturity Conversion Price shall be the price equal to the arithmetic average of the Weighted Average Price of the Common Shares during each of the five (5) consecutive Trading Days ending on the Trading Day immediately preceding the Maturity Settlement Date.

Examples of Maturity Conversion Price in a sentence

• The foregoing provisions of Section 6(a) notwithstanding, in no event shall the Maturity Conversion Price be less than the Floor Price per share except as the result of an adjustment as a result of the application of Section 9(b).

• The Change of Control Notice shall include (A) the material terms and conditions of the proposed transaction, including the material terms of all transaction documents to be entered into by other holders of the Common Stock in connection with the applicable Change of Control, (B) the anticipated date on which the Change of Control will occur, and (C) the Maturity Conversion Price.

• For the purpose of this Section 3.2, “Maturity Conversion Price” shall mean the closing sale price of the Common Stock on the Nasdaq Stock Market on the Maturity Date; provided, however, the Maturity Conversion Price shall not be lower than $4.50.

• The conversion price was Cdn$3.74, being the greater of the Maturity Conversion Price and 90% of the volume weighted average trading price of the Company’s common shares for the five trading days ended August 6, 2012 (Cdn$3.13).

• As to any fraction of a share which the Holder would otherwise be entitled to purchase upon such conversion, the Company shall at its election, either pay a cash adjustment in respect of such final fraction in an amount equal to such fraction multiplied by the QF Conversion Price or the Maturity Conversion Price, as applicable, or round up to the next whole share.

More Definitions of Maturity Conversion Price

Maturity Conversion Price means, as of any date of determination, $3.13 per share of Common Stock (as such price may have been adjusted on or prior to such date pursuant to Section 4.1 or 4.2, if applicable).

Maturity Conversion Price means the arithmetic average of the Weighted Average Price of the Common Stock on each trading day during the Maturity Measuring Period.

Maturity Conversion Price means the Initial Conversion Price.

Maturity Conversion Price means the arithmetic average of the Weighted Average Price of the Common Stock on each trading day during the Maturity Measuring Period; PROVIDED, HOWEVER, that if the Weighted Average Price of the Common Stock on any trading day during the Maturity Measuring Period is less than the Maturity Threshold Price (each such trading day, a "PRICE FAILURE DATE") then for purposes of the calculations of the Maturity Conversion Price, the Weighted Average Price of the Common Stock on each such Price Failure Date shall be equal to the Maturity Threshold Price.

Maturity Conversion Price means the lesser of (A) the arithmetic average of the Closing Bid Price of the Common Stock on each trading day during the 20 consecutive trading days immediately preceding the trading day immediately preceding the Maturity Date and (B) the Closing Bid Price on the trading day immediately preceding the Maturity Date.

Maturity Conversion Price shall have the meaning set forth in Section 7(c)(iii).

Maturity Conversion Price means an amount equal to $1.23;