Examples of Relevant Conversion Ratio in a sentence
In the event of any such excess or shortfall, the Calculation Agent will determine the Relevant Conversion Ratio on the basis of the lower of (A) such total number of Settlement Shares which corresponds to the aggregate Principal Amount of Bonds set forth in the Conversion Notice, or (B) such total number of Settlement Shares which corresponds to the aggregate Principal Amount of Bonds in fact delivered for conversion.
In the event of any such excess or shortfall, the Calculation Agent will determine the Relevant Conversion Ratio on the basis of the lower of (A) such total number of Settlement Shares which corresponds to the aggregate Principal Amount of Bonds set forth in the Conversion Notice, or(B) such total number of Settlement Shares which corresponds to the aggregate Principal Amount of Bonds in fact delivered for conversion.
Register has the meaning provided in Condition 4.1. Relevant Conversion Ratio and RelCR mean, in respect of a Bond, the arithmetic average of the 20 Daily Relevant Conversion Ratios (rounded to five decimal places, with 0.000005 being rounded upwards) calculated by the Calculation Agent on the basis of the Volume Weighted Average Price of an Ordinary Share on each Trading Day during the relevant Calculation Period.
If satisfactory, full approval will be given if not fully compliant, an interim certificate will be granted with a period of time in which to make adjustments towards full compliance.
Unless previously converted or redeemed or purchased and cancelled in accordance with these Conditions prior to the day which, on such day, is scheduled to be the 25th Trading Day prior to the Maturity Date, each Bond will, subject to Conditions 7.7, 7.8 and 9, be mandatorily converted on the Maturity Date into such number of Ordinary Shares as is equal to the Relevant Conversion Ratio, which Ordinary Shares shall be delivered by the Guarantor.