Minimum Conversion Ratio definition

Minimum Conversion Ratio means the Minimum Conversion Price as adjusted from time to time.
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Minimum Conversion Ratio means, with respect to each Note, initially 1.19389 Ordinary Shares (equal to $25 divided by the Maximum Conversion Price), subject to adjustment as provided for in Section 4.05, in which case “Minimum Conversion Ratio” means the Minimum Conversion Price as adjusted from time to time.
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Minimum Conversion Ratio means, with respect to each Note, initially 2.29521 Shares (equal to $25 divided by the Maximum Conversion Price), subject to adjustment from time to time as provided for in “Conversion Ratio Adjustments.”
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Examples of Minimum Conversion Ratio in a sentence

  • Upon such conversion, each Holder making such election shall receive the applicable Minimum Conversion Ratio for each Note converted.

  • Each holder has the right to convert each of its Notes in whole or in part on any Business Day during the Conversion Period into a number of Settlement Shares equal to the Minimum Conversion Ratio.

  • Upon any adjustment to any Conversion Ratio, and with effect from the relevant Adjustment Date, each Conversion Price will be adjusted by multiplying each Conversion Price in effect immediately prior to such adjustment by a fraction, the numerator of which is the Minimum Conversion Ratio in effect immediately prior to such adjustment to the Conversion Ratio as aforesaid and the denominator of which is the Minimum Conversion Ratio as so adjusted.

  • In the event a Holder exercises its Voluntary Conversion Right, the number of Settlement Shares to be issued and/or delivered by the Company per $25 principal amount of Notes upon conversion will be equal to the Minimum Conversion Ratio.

  • In the event a Holder exercises its Voluntary Conversion Right, the number of Settlement Shares to be issued and/or delivered by the Company per $25 principal amount of Notes upon conversion will be equal to the Minimum Conversion Ratio in effect on the Voluntary Conversion Date (subject to adjustment until the Settlement Date as set out in Section 4.06).


More Definitions of Minimum Conversion Ratio

Minimum Conversion Ratio means, with respect to each Note, initially 2.29521 Shares (equal to $25 divided by the Maximum Conversion Price), subject to adjustment from time to time as provided for in “Conversion Ratio Adjustments.” Following the adjustments effective as of May 13, 2022, the Minimum Conversion Ratio was 2.34903 Shares.
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Minimum Conversion Ratio means, on any day, a number of Ordinary Shares (rounded to the nearest whole multiple of 0.0001 Ordinary Share, with 0.00005 being rounded upwards) equal to the Principal Amount divided by the Maximum Conversion Price in effect on such day, as determined by the Calculation Agent.
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