Examples of Redemption Trigger Price in a sentence
The “Redemption Event” occurs if the Average Price of an Ordinary Share for any ten consecutive Trading Days is equal to or greater than the Redemption Trigger Price (the “ Redemption Event”).
The Warrant Agreement provides that, upon the occurrence of certain events, the Warrant Price, the Redemption Trigger Price (defined below) and the number of Warrant Shares purchasable hereunder, set forth on the face hereof, may be adjusted, subject to certain conditions.
In the event that such dividend or distribution is not so made, the Conversion Price and Redemption Trigger Price then in effect shall be readjusted, effective as of the date when the Board of Directors determines not to distribute such shares, evidences of indebtedness, assets, rights or warrants, as the case may be, to the Conversion Price and Redemption Trigger Price that would then be in effect if such record date had not been fixed.
In addition, in the event the Warrant Price is adjusted as provided above, the Redemption Trigger Price set forth in Section 6.1 hereof will be adjusted (to the nearest cent) to the Adjusted Warrant Exercise Price plus $6.50 (such adjusted Redemption Trigger Price, the “New Redemption Trigger Price”).
No adjustment in each of the Conversion Price or the Redemption Trigger Price is required if the amount of such adjustment would be less than $0.01; provided, however, that any adjustments which by reason of this Section 7(c)(vi) are not required to be made will be carried forward and given effect in any subsequent adjustment.
Such notice shall also set forth the facts with respect thereto as shall be reasonably necessary to indicate the effect on the Conversion Price and/or the Redemption Trigger Price and the number, kind or class of shares or other securities or property which shall be deliverable upon conversion or redemption of the Series B Preferred Stock.
On not less than five (5) days prior written notice to the Holder, provided that the closing bid price of the Common Stock has equaled or exceeded $2.50 (the "Redemption Trigger Price") for a period of ten (10) consecutive trading days ending within thirty (30) days of the notice of redemption, this Warrant may be redeemed, at the option of the Company, at $.01 per share (the "Redemption Price").
Successive adjustments in each of the Conversion Price and the Redemption Trigger Price shall be made, without duplication, whenever any event specified in Section 7(c)(i), (ii), (iii), (iv), (vi) or (vii) shall occur.
At its sole option, the Company may elect to redeem, the Warrants at any time following the last day of the first 30 consecutive Trading Day period in which the daily VWAPs Common Stock has been at least equal to the then applicable Redemption Trigger Price for at least 20 Trading Days (whether or not consecutive) (the “Redemption Price Condition”).
The Optional Redemption Response shall state whether the Corporation intends to redeem such Holder's Preferred Shares in the event that such Holder submits a Conversion Notice during the period of five (5) Business Days following the Business Day on which the Company delivers an Optional Redemption Response to such Holder (the "Optional Redemption Period") with a Conversion Price that is less than the Optional Redemption Trigger Price.