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

• The applicable Conversion Rate shall be (x) the Minimum Conversion Rate, in the case of an Early Conversion Date or (y) determined based upon the definition of Conversion Rate set forth in Section 2.3 and the Applicable Market Value (as defined below) at such time, in the case of the Mandatory Conversion Date.

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

• Such adjustment shall be made by dividing each of the Threshold Appreciation Price, the Initial Price and the Floor Price by a fraction, the numerator of which shall be the Minimum Conversion Rate immediately after such adjustment pursuant to Sections 13(a) or 13(b) and the denominator of which shall be the Minimum Conversion Rate immediately before such adjustment.

• 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.

• The adjusted Make-Whole Acquisition Stock Prices will equal the Make-Whole Acquisition 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 and the denominator of which is the Minimum Conversion Rate as so adjusted.

More Definitions of Minimum Conversion Rate

Minimum Conversion Rate means 0.7629 shares of Common Stock per share of 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 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 has the meaning set forth in the Certificate of Designations.

Minimum Conversion Rate means 7.7369, subject to adjustment as provided in Article 11 hereof.

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