Reset Conversion Price definition

Reset Conversion Price means, on each Reset Date, the US Dollar price per ADS which is the greater of:
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Reset Conversion Price has the meaning provided in Condition 6.4.
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Reset Conversion Price means the adjusted conversion price upon the
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Examples of Reset Conversion Price in a sentence

  • Accordingly, with respect to Notices of Conversion effected during a Measurement Period, in the event the Conversion Price is reduced pursuant to this Section, within the 3 Trading Days immediately following the end of such Measurement Period, the Corporation shall issue the applicable Holder additional Conversion Shares based on a Conversion Price equal to the Reset Conversion Price with respect to such Notices of Conversion.

  • If the Company shall at any time or from time to time after the Original Issue Date effect a subdivision of the outstanding Common Stock, the Conversion Cap in effect immediately before that subdivision shall be proportionately increased and the Initial Conversion Price and the then existing Reset Conversion Price (if a Reset Date has occurred) proportionately decreased.

  • If the Company shall at any time or from time to time after the Original Issue Date combine the outstanding shares of Common Stock into a smaller number of shares, the Conversion Cap in effect immediately before the combination shall be proportionately decreased and the then existing Initial Conversion Price and the then existing Reset Conversion Price (if a Reset Date has occurred) proportionately increased.

  • Subject to adjustment pursuant to Section 6.B., each share of Series A Preferred Stock shall be converted into the number of shares determined by dividing $1.50 by the lesser of (i) the Reset Conversion Price (as defined below) in effect as of the date of conversion and (ii) the Conversion Price (as defined below) in effect as of the date of conversion.

  • Subject to the following sentence, on each Reset Date, the Conversion Price will be adjusted by the Calculation Agent to be equal to the Reset Conversion Price.

  • Accordingly, with respect to Notices of Conversion effected during the Measurement Period, in the event the Conversion Price is reduced pursuant to this Section, within the 2 Trading Days immediately following the end of each Measurement Period, the Corporation shall issue the applicable Holder additional Conversion Shares based on a Conversion Price equal to the Reset Conversion Price with respect to such Notices of Conversion.

  • The adjustment to the Reset Conversion Price shall become immediately effective on the Trigger Date without any additional action by the Holder.

  • Notwithstanding the foregoing, in no event shall the Reset Conversion Price be reduced pursuant to this Section 4(b) or Section 5(b) below to less than $0.25 per share, subject to adjustment for reverse stock splits and the like (the “Minimum Conversion Price”) and in no event shall the number of Conversion Shares issuable hereunder exceed the principal amount of this Debenture divided by the Minimum Conversion Price.

  • For purposes of clarification, whether or not the Corporation provides a Dilutive Issuance Notice pursuant to this Section 5.8.1, upon the occurrence of any Dilutive Issuance, any Holder exercising its Conversion Rights shall be entitled to receive a number of shares of Common Stock based upon the Reset Conversion Price on or after the date of such Dilutive Issuance, regardless of whether the Holder accurately refers to the Reset Conversion Price in the Notice of Conversion.

  • Accordingly, with respect to Notices of Conversion effected during a Measurement Period, in the event the Conversion Price is reduced pursuant to this Section, within the two (2) Trading Days immediately following the end of such Measurement Period, the Corporation shall issue the applicable Holder additional Conversion Shares based on a Conversion Price equal to the Reset Conversion Price with respect to such Notices of Conversion.


More Definitions of Reset Conversion Price

Reset Conversion Price means the 20 trading day average closing bid price of the Common Stock (as reported by Bloomberg, L.P.) ending on the trading day prior to the Release Date.
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Reset Conversion Price means the average volume-weighted closing price of Shares for the ten (10) days immediately after the commencement date of the Conversion Period.
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Reset Conversion Price means, on the first anniversary of the Closing Date, the lower of the Initial Conversion Price and the Current Market price, but not less than 50% of the Initial Conversion Price.
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Reset Conversion Price means U.S. $2.00 per share, subject to adjustment in the event that the Issuer issues new shares, rights or other equity or equity related securities at or equivalent to a price per share below U.S. $2.00.
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Reset Conversion Price means (A) during the period beginning on the First Reset Date and ending on the day immediately preceding the Second Reset Date (each as defined below), the lesser of (i) the Initial Conversion Price and (ii) the average Closing Bid Price for the Common Stock during the period of twenty (20) Trading Days immediately preceding (but not including) the First Reset Date and (B) at all times on or after the Second Reset Date, the lesser of (i) the Conversion Price in effect on the day immediately preceding the Second Reset Date and (ii) the average Closing Bid Price for the Common Stock during the period of twenty (20) Trading Days immediately preceding (but not including) the Second Reset Date.
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Reset Conversion Price means the average of the Per Share Market Values during the five Trading Days preceding the applicable Reset Date; provided, that (1) such five Trading Day period shall be extended for the number of Trading Days during such period in which (A) trading in the Common Stock is suspended by the NASDAQ or a Subsequent Market on which the Common Stock is then listed, or (B) after the date declared effective by the Commission, the Underlying Shares Registration Statement is not effective, or (C) after the date declared effective by the Commission, the Prospectus included in the Underlying Shares Registration Statement may not be used by the Holder for the resale of Underlying Shares; and (2) the Reset Conversion Price that will control during any monthly period shall equal the lowest Reset Conversion Price determined from the initial Reset Date.
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Related to Reset Conversion Price

  • 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:

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

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

  • Conversion Rate shall have the meaning specified in Section 14.01(a).

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

  • 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.

  • Reset Price means the greater of (i) 50% of the Initial Exercise Price (as adjusted for share splits, share dividends, recapitalizations and similar events pursuant to Section 3(a) hereof) and (ii) 100% of the lowest VWAP occurring on any day between the Initial Exercise Date and ninety (90) calendar days following the Issuance Date; provided that the Reset Price shall in no event be less than a floor price of 50% of the Initial Exercise Price.

  • Alternate Conversion Price means, with respect to any Alternate Conversion that price which shall be the lowest of (i) the applicable Conversion Price as in effect on the applicable Conversion Date of the applicable Alternate Conversion, (ii) 70% of the lowest Closing Sale Price of the Common Stock during the twenty (20) consecutive Trading Day period ending and including the date of delivery or deemed delivery of the applicable Conversion Notice (such period, the “Alternate Conversion Measuring Period”). All such determinations to be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or similar transaction that proportionately decreases or increases the Common Stock during such Alternate Conversion Measuring Period.

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

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