New Conversion Condition Effective Date definition

New Conversion Condition Effective Date means the date with effect from which the New Conversion Condition shall have been satisfied.
New Conversion Condition Effective Date means the date with effect from which the New Conversion Condition shall have been satisfied. “New Conversion Price” means the amount determined by LBG in accordance with the following formula:
New Conversion Condition Effective Date means the date with effect from which the New Conversion Condition shall have been satisfied. “New Conversion Price” means the amount determined by LBG in accordance with the following formula: NCP = ECP ×VWAPRS VWAPOS where: NCP is the New Conversion Price. ECP is the Conversion Price in effect on the dealing day immediately prior to the New Conversion Condition Effective Date. VWAPRS means the average of the Volume Weighted Average Price of the Relevant Shares on each of the 10 dealing days ending on the dealing day prior to the date the Relevant Event shall have occurred (and where references in the definition of “Volume Weighted Average Price” to “Ordinary Shares” shall be construed as a reference to the Relevant Shares and in the definition of “dealing day”, references to theRelevant Stock Exchange” shall be to the primary Regulated Market on which the Relevant Shares are then listed, admitted to trading or accepted for dealing). VWAPOS is the average of the Volume Weighted Average Price of the Ordinary Shares on each of the 10 dealing days ending on the dealing day prior to the date the Relevant Event shall have occurred.

Examples of New Conversion Condition Effective Date in a sentence

  • If a Qualifying Takeover Event shall occur, the Tier 1 BCNs shall, where the Conversion Date falls on or after the New Conversion Condition Effective Date, be converted into Approved Entity Shares of the Approved Entity, mutatis mutandis as provided in accordance with this Condition 7, at a Conversion Price that shall be the New Conversion Price.


More Definitions of New Conversion Condition Effective Date

New Conversion Condition Effective Date has the meaning ascribed to it in Condition 7(j)(v);

Related to New Conversion Condition Effective Date

  • Final Conversion Date means 5:00 p.m. in New York City, New York on the earlier to occur following the IPO of (i) the first Trading Day falling on or after the date on which the outstanding shares of Class B Common Stock represent less than ten percent (10%) of the aggregate number of shares of the then outstanding Class A Common Stock and Class B Common Stock, (ii) the tenth (10th) anniversary of the IPO or (iii) the date specified by affirmative vote of the holders of a majority of the outstanding shares of Class B Common Stock, voting as a single class.

  • Automatic Conversion means the irrevocable and automatic release of all of the Issuer’s obligations under the Securities (other than the CSO Obligations, if any) in consideration of the Issuer’s issuance of the Conversion Shares at the Conversion Price to the Conversion Shares Depository (on behalf of the holders of the Securities) or to the relevant recipient, in accordance with the terms of the Securities.

  • Make-Whole Fundamental Change Effective Date means (A) with respect to a Make-Whole Fundamental Change pursuant to clause (A) of the definition thereof, the date on which such Make-Whole Fundamental Change occurs or becomes effective; and (B) with respect to a Make-Whole Fundamental Change pursuant to clause (B) of the definition thereof, the applicable Redemption Notice Date.

  • Change in condition means a change in physical condition of the employee as well as any change

  • Early Termination Conditions means the types of conditions listed in Schedule A.