Minimum Conversion Rate definition

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

Minimum Conversion Rate means 28.1480 Common Shares per share of Series A Preferred Stock, which is equal to $1,000, divided by the Threshold Appreciation Price, subject to adjustment pursuant to Section 9 of this Subdivision.

Minimum Conversion Rate initially means 11.9048 shares of Common Stock per share of Mandatory Convertible Preferred Stock; provided, however, that the Minimum 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 Minimum 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 Minimum Conversion Rate immediately before the Close of Business on such date.

Examples of Minimum Conversion Rate in a sentence

• Such adjustment shall be made by multiplying each Stock Price included in such table, applicable immediately prior to such adjustment, by a fraction, the numerator of which is the Minimum Conversion Rate immediately prior to the adjustment giving rise to such Stock Price adjustment, and the denominator of which is the Minimum Conversion Rate as so adjusted.

• The adjusted Stock Prices shall equal the Stock Prices applicable immediately prior to such adjustment multiplied by a fraction, the numerator of which is the Minimum Conversion Rate immediately prior to the adjustment giving rise to the Stock Price adjustment and the denominator of which is the Minimum Conversion Rate as so adjusted.

• The adjusted Fundamental Change Share Prices shall equal (x) the Fundamental Change Share Prices applicable immediately prior to such adjustment, multiplied by (y) a fraction, the numerator of which is the Minimum Conversion Rate immediately prior to the adjustment giving rise to the Fundamental Change Share Price adjustment and the denominator of which is the Minimum Conversion Rate as so adjusted.

• The adjusted Fundamental Change Stock Prices shall equal (x) the Fundamental Change Stock Prices applicable immediately prior to such adjustment, multiplied by (y) a fraction, the numerator of which is the Minimum Conversion Rate immediately prior to the adjustment giving rise to the Fundamental Change Stock Price adjustment and the denominator of which is the Minimum Conversion Rate as so adjusted.

• The number of Units of Exchange Property for each Preferred A Share converted following the effective date of such Reorganization Event shall be determined based on the Mandatory Conversion Rate, Minimum Conversion Rate or Cash Acquisition Conversion Rate, as the case may be, then in effect on the applicable Conversion Date (without any interest thereon and without any right to dividends or distributions thereon which have a record date that is prior to the Conversion Date).

More Definitions of Minimum Conversion Rate

Minimum Conversion Rate means 5.0081 shares of Common Stock per share of Series B Mandatory Convertible Preferred Stock, subject to adjustment as set forth in Section 13.

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

Minimum Conversion Rate shall have the meaning set forth in Section 7(b)(i).

Minimum Conversion Rate has the meaning set forth in the Certificate of Designations.

Minimum Conversion Rate means 0.7326 shares of Common Stock per share of Mandatory Convertible Preferred Stock, subject to adjustment as set forth in Section 12.

Minimum Conversion Rate means, subject to adjustment as provided in Article 11 hereof.

Minimum Conversion Rate has the meaning set forth in Section 3.01(i).