Maximum Conversion Rate definition

Maximum Conversion Rate shall have the meaning specified in Section 14.03(e).

Maximum Conversion Rate has the meaning set forth in 2.3(b) hereof.

Maximum Conversion Rate has the meaning specified in Section 5.02(b).

Examples of Maximum Conversion Rate in a sentence

• The Company shall at all times and from time to time reserve and keep available, free from preemptive rights, out of its authorized but unissued Common Stock that is not committed for any other purpose, for the purpose of issuance upon conversion of Notes, a number of shares of Common Stock equal to the product of (a) the Maximum Conversion Rate and (b) the aggregate principal amount of Outstanding Notes divided by $1,000.

• As used herein, “Fixed Conversion Rates” means the Maximum Conversion Rate and the Minimum Conversion Rate.

• The Company shall provide, free from preemptive rights, out of its authorized but unissued shares or shares held in treasury, sufficient shares of Common Stock to provide for conversion of the Notes from time to time as such Notes are presented for conversion (assuming delivery upon conversion of the Notes of a number of shares of Common Stock per $1,000 principal amount of Notes equal to the Maximum Conversion Rate).

• The Company shall provide, free from preemptive rights, out of its authorized but unissued shares or shares held in treasury, sufficient shares of Common Stock to provide for conversion of the Notes from time to time as such Notes are presented for conversion (assuming delivery upon conversion of the Notes of a number of shares of Common Stock per $1,000 in principal amount of Notes equal to the Maximum Conversion Rate).

• As more fully provided in the Indenture, in the event that Vale makes any cash distributions to holders of its ADSs, the Company shall pay to Holders an amount in U.S. dollars equal to any cash distributions (net of any applicable withholding tax and fees) paid by the ADS Depositary to a U.S. Holder of one ADS, multiplied by the number of ADSs that would be received upon conversion of the Notes at the Maximum Conversion Rate.

More Definitions of Maximum Conversion Rate

Maximum Conversion Rate means 34.4840 Common Shares per share of Series A Preferred Stock, which is equal to $1,000, divided by the Initial Price, subject to adjustment pursuant to Section 9 of this Subdivision.

Maximum Conversion Rate means 26.2054 shares of Common Stock, subject to adjustment as set forth in Article 12.

Maximum Conversion Rate initially means 14.2857 shares of Common Stock per share of Mandatory Convertible Preferred Stock; provided, however, that the Maximum Conversion Rate is subject to adjustment pursuant to Sections 9(f) and 9(g). Each reference in this Certificate of Designations or the Mandatory Convertible Preferred Stock to the Maximum Conversion Rate as of a particular date without setting forth a particular time on such date will be deemed to be a reference to the Maximum Conversion Rate immediately before the Close of Business on such date.

Maximum Conversion Rate means 29.7441 shares of Common Stock for each $1,000 principal amount of Securities, subject to the same proportional adjustment as the Base Conversion Rate as set forth in subsections (a) through (c) of Section 4.06.

Maximum Conversion Rate means 0.9345 shares of Common Stock per share of Mandatory Convertible Preferred Stock, subject to adjustment as set forth in Section 13.

Maximum Conversion Rate shall have the meaning set forth in the definition of Conversion Rate.

Maximum Conversion Rate means the “Conversion Rate” (as defined in the Indenture) plus the maximum increase thereto in connection with a “Make-Whole Fundamental Change” (as defined in the Indenture).