New Conversion Price definition

New Conversion Price means the amount determined in accordance with the following formula, which shall apply from the QTE Effective Date: NCP = ECP * (VWAPAES / VWAPOS) where:

New Conversion Price means the amount determined by the Company 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.

New Conversion Price means the amount determined by the Conversion Calculation Agent in accordance with the following formula:

Examples of New Conversion Price in a sentence

• The New Conversion Price shall be subject to adjustment in the circumstances provided in Condition 8.3 (with such modifications and amendments as an Independent Adviser acting in good faith shall determine to be appropriate) and the Issuer shall give notice to the Securityholders (in accordance with Condition 13), the Trustee and the Agents of the New Conversion Price and of any such modifications and amendments.

• The New Conversion Price shall be subject to adjustment in the circumstances provided in this Condition 7 (with such modifications and amendments as an Independent Adviser acting in good faith shall determine to be appropriate) and the Issuer shall give notice to Securityholders of the New Conversion Price and of any such modifications and amendments in accordance with Condition 17 and to the Trustee and the Principal Paying and Conversion Agent.

• If a Qualifying Relevant Event shall occur, the Securities shall, where the Conversion Date (if any) falls on or after the New Conversion Condition Effective Date, be converted on such Conversion Date into Relevant Shares of the Approved Entity (save as provided below in this Condition 7(j)(i) mutatis mutandis as provided in this Condition 7) at a Conversion Price that shall be the New Conversion Price.

• 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.

• For the avoidance of doubt, if the New Conversion Price is greater than the Applicable Price, there shall be no adjustment to the Conversion Price.

More Definitions of New Conversion Price

New Conversion Price means an amount (in U.S. dollars) per Approved Entity Share determined by us in accordance with the following formula:

New Conversion Price means, in respect of any Conversion Date falling on or after the New Conversion Condition Effective Date, the greater of:

New Conversion Price means the amount determined by the Issuer in accordance with the following formula:NCP = ECP x VWAPRSVWAPOS 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 (translated, if necessary, into euro at the Prevailing Rate on the relevant dealing day) 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 the “Relevant 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 (translated, if necessary, into euro at the Prevailing Rate on the relevant dealing day) on each of the 10 dealing days ending on the dealing day prior to the date the Relevant Event shall have occurred.

New Conversion Price means the higher of (A) the New Conversion Price and(B) the nominal amount of one Relevant Share, where the New Conversion Priceis the amount determined by the Issuer in accordance with the following formula: NCP = ECP x (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 VWAP of the Relevant Shares (translated, if necessary, into pounds sterling at the Prevailing Rate on the relevant Trading Day) on each of the 10 Trading Days ending on the Trading Day prior to the date the Relevant Event shall have occurred (and where references in the definitions of “"VWAP”" and “"Trading Day”" to “"Ordinary Shares”" shall be construed as a reference to the Relevant Shares); and VWAPOS is the average of the VWAP of the Ordinary Shares (translated, if necessary into pounds sterling at the Prevailing Rate on the relevant Trading Day) on each of the 10 Trading Days ending on the Trading Day prior to the date the Relevant Event shall have occurred;

New Conversion Price means the amount determined in accordance with the following formula, which shall apply from the QTE Effective Date:

New Conversion Price means the amount determined by the Company in accordance with the following formula:

New Conversion Price means an amount (in dollars) per Approved Entity Share determined by the Company in accordance with the following formula: where: