Examples of New Conversion Price in a sentence
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.
If, on the day that is 181 days after the closing date of the Qualified Financing, the closing price of the securities issued in the Qualified Financing is less than the closing price of such securities on closing date of the Qualified Financing (the “New Conversion Price”), the Preferred Conversion Price then in effect shall be reduced to an amount equal to the New Conversion Price.
If a Qualifying Relevant Event occurs, then following Conversion, the Securities shall become convertible into the share capital of the Acquiror (as more fully described under Condition 7(j)) at the New Conversion Price.
Any New Conversion Price following a Qualifying Relevant Event will be similarly adjusted by the Conversion Calculation Agent, subject to any modifications by the Independent Adviser.
If a Qualifying Relevant Event occurs, then following Conversion, the Additional Tier 1 Securities shall become convertible into the share capital of the Acquiror (as more fully described under Condition 7(j) of the Additional Tier 1 Securities Conditions) at the New Conversion Price.