Special Conversion Price definition

Special Conversion Price means the lower of $0.276 per share (which amount will, each time the Series D Conversion Price is adjusted, be likewise adjusted) or the Market Value of the Common Stock.

Special Conversion Price means the greater of (x) 66.67% of the 25-Day Average Market Price of the Common Stock on and including September 14, 2000 and (y) the Change of Control Price.

Special Conversion Price means the greater of (x) .6667 of the last reported sales price, regular way, on the Nasdaq National Market, of Common Stock, par value $.01 of CoreComm Limited, a Bermuda corporation, on the Issue Date, adjusted for any subsequent stock split, stock dividend, subdivision or reclassification affecting or relating to the Common Stock, and (y) the Change of Control Price.

Examples of Special Conversion Price in a sentence

• The Corporation or a successor corporation, as the case may be, may, at its option and in lieu of providing the consideration as required above upon such conversion, provide the holder with cash equal to the Market Value of the Common Stock multiplied by the number of shares of Common Stock into which such Convertible Preferred Stock would have been convertible immediately prior to such Fundamental Change at an adjusted conversion price equal to the Special Conversion Price.

• The Corporation may, at its option, in lieu of providing Common Stock upon any such special conversion, provide the holder with cash equal to the Market Value (as defined in Section 4(e)) of the Common Stock multiplied by the number of shares of Common Stock into which such Convertible Preferred Stock would have been convertible immediately prior to such Change of Control at an adjusted conversion price equal to the Special Conversion Price.

• Upon any conversion of this Debenture pursuant to Section 4(b) or 4(c), this Debenture will convert into the number of shares of Class A Common Stock obtained by dividing (x) the unpaid Face Amount of, and all accrued and unpaid interest on, this Debenture as of the date of conversion by (y) $ , as such amount may be adjusted pursuant to Section 4(c) below (the "Conversion Price"), or, if applicable, the Special Conversion Price (as such term is defined in Section 5(c)(iii)(1)).

• The Series F Preferred Stock shall be convertible into the number of shares of Common Stock which results from dividing the Conversion Price (as hereinafter defined) in effect at the time of conversion, or if the holders of Series F Preferred Stock convert prior to the issuance of the Final EBITDA Certificate (as hereinafter defined), the Special Conversion Price, into the Investment Value of each share of Series F Preferred Stock being converted as of the Conversion Date (as hereinafter defined).

• The "Change of Control Conversion Rate" shall be equal to the Liquidation Preference divided by the Special Conversion Price.

More Definitions of Special Conversion Price

Special Conversion Price means the greater of(x) $1.17, subject to adjustment under subparagraph 4.4.9(d)(f), and (y) the Change of Control Price.

Special Conversion Price means $1.661.

Special Conversion Price means the greater of (x) $0.67 and (y) the Change of Control Price.

Special Conversion Price means the greater of (x) 66.67% of the 25-Day Average Market Price of the Common Stock immediately preceding the record date for such PIK Note issuance and (y) the Change of Control Price (as defined herein).

Special Conversion Price means the greater of the Market Value of the Class A Common Stock and $34.58 per share (which amount, each time the then prevailing Conversion Price shall be adjusted as provided elsewhere herein, shall likewise be adjusted so that the ratio of such dollar amount to the then prevailing Conversion Price, after giving effect to any such adjustment, shall always be the same as the ratio of $34.58 to the initial Conversion Price (without giving effect to any adjustment)).

Special Conversion Price shall equal $2.83849.

Special Conversion Price means the higher of the Market Value of the Common Stock or $11.75 per share (which amount shall, each time the Conversion Price is adjusted, be adjusted so that the ratio of such amount to the Conversion Price, after giving effect to such adjustment, shall always be the same as the ratio of $11.75 to the initial Conversion Price without giving effect to any such adjustment). The Corporation agrees that it shall not complete any Change in Control described in this Subsection (e) unless proper provisions have been made to satisfy its obligation under this Section 8.