Optional Conversion Amount means the portion of the Original Principal Amount and Interest to be converted.
Optional Conversion Amount means the outstanding and unpaid Principal Amount to be converted.
Optional Conversion Amount means, as of the applicable Conversion Date, the lesser of (a) $20,000,000, minus the aggregate principal amount of the Loans that has already been converted into common stock of the Parent pursuant to Section 2.01(d) prior to such date, and (b) the aggregate outstanding principal amount of the Loans as of such date.
Examples of Optional Conversion Amount in a sentence
If this Note is physically surrendered for conversion and the outstanding Principal is greater than the Principal portion of the Optional Conversion Amount being converted, then the Issuer shall as soon as practicable (and in no event later than two (2) Business Days) after receipt of this Note and at its own expense, issue and deliver to the Noteholder (or its designee) a new Note (in accordance with Section 14(c)) representing the outstanding Principal not converted.
More Definitions of Optional Conversion Amount
Optional Conversion Amount shall have the meaning ascribed thereto in Section 2.1 of the Agreement.
Optional Conversion Amount has the meaning specified therefor in Section 10.01(b).
Optional Conversion Amount means, with respect to any conversion under this Section 10.01(b), the sum of (1) the outstanding principal amount to be converted in such conversion plus (2) accrued and unpaid interest, if any, on such principal amount at the interest rates provided herein to the Optional Conversion Date; the term “Optional Conversion Price” means the greater of book value or market value per share of Common Stock (in each case as determined by the NYSE American) on the date immediately preceding the Effective Date, which is $1.52 (as may be appropriately adjusted for any stock split, combination or similar act).
Optional Conversion Amount as defined in Section 7.1.1.