Preferred Conversion Ratio definition

Preferred Conversion Ratio means the quotient arrived at by dividing the principal amount of this Note plus any accrued Interest by the Preferred Conversion Price) subject to adjustment as hereinafter provided, and the “Preferred Conversion Price” initially shall be $1,000. Promptly after the date of Automatic Conversion, Holder shall deliver this Note to the Company for cancellation in exchange for a certificate representing the applicable number of shares of Series D Preferred Stock.
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Preferred Conversion Ratio means the number of shares of Company Common Stock (including fractions thereof) issuable upon the conversion of one share of Company Series B Preferred Stock at any relevant time of determination.
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Preferred Conversion Ratio means $120, as adjusted pursuant to Section 6.
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Examples of Preferred Conversion Ratio in a sentence

  • Initially the Note shall be converted into shares of Series D Convertible Preferred Stock based upon the Preferred Conversion Ratio (for purposes hereof "Preferred Conversion Ratio" shall mean the quotient arrived at by dividing the principal amount of this Note plus any accrued Interest by the Preferred Conversion Price) subject to adjustment as hereinafter provided, and the "Preferred Conversion Price" initially shall be $1,000.

  • The Series B-2 Preferred Conversion Ratio shall be subject to equitable adjustment in the event of any stock split, stock dividend, reverse stock split or similar event affecting the Buyer Common Stock between the beginning of the ten-day period referred to in the definition of Common Conversion Ratio and the Effective Time.

  • Anything in this Certificate of Designation to the contrary notwithstanding, there shall be no adjustment to the Preferred Conversion Ratio or the number of Conversion Shares issuable upon conversion of the 6.625% Convertible Preferred Stock with respect to any Excluded Issuance.

  • If the Corporation at any time combines (by combination, reverse stock split or otherwise) its outstanding shares of Common Stock into a smaller number of shares, the Preferred Conversion Ratio in effect immediately prior to such combination shall be proportionately increased and the number of Conversion Shares issuable upon conversion of the 6.625% Convertible Preferred Stock shall be proportionately decreased.

  • Initially the Note shall be converted into shares of Series D Convertible Preferred Stock based upon the Preferred Conversion Ratio (for purposes hereof “Preferred Conversion Ratio” shall mean the quotient arrived at by dividing the principal amount of this Note plus any accrued Interest by the Preferred Conversion Price) subject to adjustment as hereinafter provided, and the “Preferred Conversion Price” initially shall be $1,000.

  • The conversion ratio at which shares of Common Stock shall be issuable upon conversion of shares of Series B Preferred Stock shall initially be one share of common Stock for each share of Series B Preferred Stock; provided, however, that such Series B Preferred Conversion Ratio shall be subject to adjustment as set forth in Section 4(d) hereof.

  • The number of shares of Common Stock to which a holder of Series C Preferred shall be entitled upon conversion shall be the product obtained by multiplying the applicable Series C Preferred Conversion Ratio (determined as provided in paragraph c below) in effect at the close of business on the day immediately preceding the date selected by the Corporation for such conversion (the “Mandatory Series C Preferred Conversion Date”) by the number of shares of Series C Preferred, as applicable, being converted.

  • In case of life imprisonment and death penalty, the perpetrator will be sentenced to ten to twenty years of imprisonment together with thirty to seventy four lashes.

  • Subject to Section 4(c), each share of Series Preferred shall be convertible, at the option of the holder thereof, at any time after the date of issuance of such share, at the office of the Corporation or any transfer agent for such stock, into shares of fully paid and nonassessable shares of Common Stock on a one-for-one basis (as adjusted for any stock dividends, combinations, splits, recapitalizations and the like with respect to such shares) (the "Series Preferred Conversion Ratio").

  • The Series B-1 Preferred Conversion Ratio shall be subject to equitable adjustment in the event of any stock split, stock dividend, reverse stock split or similar event affecting the Buyer Common Stock between the beginning of the ten-day period referred to in the definition of Common Conversion Ratio and the Effective Time.


More Definitions of Preferred Conversion Ratio

Preferred Conversion Ratio shall be obtained by dividing (i) the total of 25,197,795 shares of Parent Preferred Stock by (ii) the total number of outstanding Company Shares immediately prior to the Effective Time on a diluted basis. Stockholders of record of the Company as of the Closing Date (the “Post Merger Stockholders”) shall be entitled to receive 100% of the Post Merger Shares into which their Company Shares were converted pursuant to this Section 1.5.
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Preferred Conversion Ratio shall be the result obtained by multiplying the Common Conversion Ratio by the number of Common Shares into which each Preferred Share is convertible immediately prior to the Effective Time. Each of the Common Conversion Ratio and the Preferred Conversion Ratio shall be subject to equitable adjustment in the event of any stock split, stock dividend, reverse stock split or similar event affecting the Buyer Common Stock or the Company Shares between the date hereof and the Effective Time. Stockholders of record of the Company immediately prior to the Effective Time ("Company Stockholders") shall be entitled to receive immediately at Closing in the aggregate the shares of Buyer Common Stock into which their Company Shares were converted pursuant to this Section 1.5 minus the Escrow Shares (as defined below) (the "Initial Shares"); the Buyer shall deposit in escrow at Closing pursuant to Section 1.10 the number of shares of Buyer Common Stock equal to the sum, rounded to the nearest whole number, of (i) 15% of the shares of Buyer Common Stock into which the Company Shares were converted pursuant to this Section 1.5 and (ii) the product obtained by multiplying the number of Chase Shares by 0.15, which shares shall be held and disposed of in accordance with the terms of the Escrow Agreement (the "Escrow Shares"). The Initial Shares and the Escrow Shares shall together be referred to herein as the "Merger Shares."
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Preferred Conversion Ratio shall have the meaning set forth in Section 1.5(b).
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Related to Preferred Conversion Ratio

  • Conversion Ratio means the ratio (expressed as the number of Shares to which one Warrant relates) specified by the Issuer, subject to adjustments in accordance with these Conditions.

  • Fixed Conversion Price shall have the meaning set forth in Section 4(b).

  • Series A Conversion Rate means, as adjusted pursuant to Section 5.8(b)(vi)(E), the number of Common Units issuable upon the conversion of each Series A Preferred Unit, which shall be the quotient of (a) the sum of (i) the Series A Issue Price, plus (ii) any Series A Unpaid Distributions on the applicable Series A Preferred Unit, plus (iii) only for purposes of the definition of “Series A COC Conversion Rate,” any Series A Partial Period Distributions on the applicable Series A Preferred Unit, divided by (b) the Series A Issue Price.

  • Fixed Conversion Rates means the Maximum Conversion Rate and the Minimum Conversion Rate.

  • Series B Conversion Price means, as of the applicable Conversion Date, the greater of (A) the average of the Market Values of the Common Stock for the five consecutive Trading Days preceeding (but not including) such Conversion Date, or (B) the then effective Series B Minimum Conversion Price.

  • Forced Conversion Amount means the sum of (a) 100% of the aggregate Stated Value then outstanding and (b) all liquidated damages and other amounts due in respect of the Preferred Stock.

  • Interest Conversion Rate means the lesser of (a) the Conversion Price or (b) 90% of the lesser of (i) the average of the VWAPs for the 20 consecutive Trading Days ending on the Trading Day that is immediately prior to the applicable Interest Payment Date or (ii) the average of the VWAPs for the 20 consecutive Trading Days ending on the Trading Day that is immediately prior to the date the applicable Interest Conversion Shares are issued and delivered if such delivery is after the Interest Payment Date.

  • Series A Conversion Price shall initially be equal to $0.71. Such initial Series A Conversion Price, and the rate at which shares of Series A Preferred Stock may be converted into shares of Common Stock, shall be subject to adjustment as provided below.

  • Mandatory Conversion Date has the meaning set forth in Section 7(a).

  • Make-Whole Fundamental Change Conversion Period has the following meaning:

  • 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:

  • Interest Conversion Price means, with respect to any Interest Date, that price which shall be computed as 100.0% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the ten (10) consecutive Trading Days immediately preceding the applicable Interest Date (each, an “Interest Measuring Period”). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during such period.

  • Adjusted Conversion Price means the lesser of the Fixed Conversion Price or the Floating Conversion Price one day prior to the record date set for the determination of stockholders entitled to receive dividends, distributions, rights or warrants as provided for in Sections 4(c)(ii), (iii) and (iv).

  • Forced Conversion Date shall have the meaning set forth in Section 6(d).

  • Company Conversion Price means, the lower of (i) the applicable Conversion Price and (ii) that price which shall be computed as ninety five percent (95%) of the lowest Volume Weighted Average Price of the Common Stock during the fifteen (15) consecutive Trading Days immediately preceding the applicable Installment Date. All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction.

  • Initial Conversion Price has the meaning specified in Section 13.01.

  • Series D Preferred means the Series D Convertible Preferred Stock of the Company, par value $.01 per share.

  • Daily Conversion Value means, for each of the 40 consecutive Trading Days during the relevant Observation Period, 2.5% of the product of (a) the Conversion Rate on such Trading Day and (b) the Daily VWAP on such Trading Day.

  • Mandatorily Convertible Preferred Stock means cumulative preferred stock with (a) no prepayment obligation on the part of the issuer thereof, whether at the election of the holders or otherwise, and (b) a requirement that the preferred stock convert into Common Stock of the Corporation within three years from the date of its issuance at a conversion ratio within a range established at the time of issuance of the preferred stock.

  • Preferred Stock as applied to the Capital Stock of any corporation, means Capital Stock of any class or classes (however designated) which is preferred as to the payment of dividends, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such corporation, over shares of Capital Stock of any other class of such corporation.

  • Mandatory Conversion shall have the meaning set forth in Section 6.

  • Applicable Conversion Rate means the Conversion Rate in effect at any given time.

  • Series D Preferred Stock means shares of the Company’s Series D Preferred Stock, par value $0.001 per share.

  • Series C Preferred means the Company's Series C Preferred Stock, par value $0.01 per share.

  • Default Conversion Price shall have the meaning set forth in Section 4(b).

  • Interest Conversion Shares shall have the meaning set forth in Section 2(a).