Conversion Rates Sample Clauses
The Conversion Rates clause defines how foreign currency amounts are translated into the contract’s base currency. Typically, it specifies the source of the exchange rate (such as a particular bank or published rate) and the date on which the rate is determined, for example, the date of transaction or payment. This clause ensures consistency and transparency in financial calculations involving multiple currencies, thereby reducing disputes and confusion over currency conversions.
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Conversion Rates. The conversion rate in effect at any time for conversion of each Class A Preferred Unit (the “Class A Preferred Unit Conversion Rate”) shall be the quotient obtained by dividing the Class A Original Issue Price by the Conversion Price then in effect for the Class A Preferred Units (as defined in and calculated as provided in Section 3.9(d)). The conversion rate in effect at any time for conversion of each Class B Preferred Unit (the “Class B Preferred Unit Conversion Rate”) shall be the quotient obtained by dividing the Class B Original Issue Price by the Conversion Price then in effect for the Class B Preferred Units (as defined in and calculated as provided in Section 3.9(d)). The conversion rate in effect at any time for conversion of each Class C-1 Preferred Unit (the “Class C-1 Preferred Unit Conversion Rate”) shall be the quotient obtained by dividing the Class C-1 Original Issue Price by the Conversion Price then in effect for the Class C-1 Preferred Units (as defined in and calculated as provided in Section 3.9(d)). The conversion rate in effect at any time for conversion of each Class C-2 Preferred Unit (the “Class C-2 Preferred Unit Conversion Rate”) shall be the quotient obtained by dividing the Class C-2 Original Issue Price by the Conversion Price then in effect for the applicable Class C-2 Preferred Units (as defined in and calculated as provided in Section 3.9(d)). The conversion rate in effect at any time for conversion of each Class C-3 Preferred Unit (the “Class C-3 Preferred Unit Conversion Rate”) shall be the quotient obtained by dividing the Class C-3 Original Issue Price by the Conversion Price then in effect for the applicable Class C-3 Preferred Units (as defined in and calculated as provided in Section 3.9(d)). The conversion rate in effect at any time for conversion of each Class D Preferred Unit (the “Class D Preferred Unit Conversion Rate”) shall be the quotient obtained by dividing the Class D Original Issue Price by the Conversion Price then in effect for the Class D Preferred Units (as defined in and calculated as provided in Section 3.9(d)). The conversion rate in effect at any time for conversion of each Class E-1 Preferred Unit (the “Class E-1 Preferred Unit Conversion Rate”) shall be the quotient obtained by dividing the Class E-1 Original Issue Price by the Conversion Price then in effect for the Class E-1 Preferred Units (as defined in and calculated as provided in Section 3.9(d)). The conversion rate in effect at any t...
Conversion Rates. For this contract, the conversion factor for converting gallons to liters is 1 gallon = 3.7854 liters. The definition of a truckload is given in Section 1: Definitions, and consists of individually bottled Product(s) equating to approximately 18,000 liters or 4,750 gallons (4,749.340369 gallons rounded to 4,750).
Conversion Rates. Conversion from other currencies into US Dollars shall be made using the daily rate of exchange published by The Wall Street Journal (Eastern edition), on the last working day of the calendar quarter to which the payment relates.
Conversion Rates. In the case of reassignment to a different work week the following conversion factors shall be used to determine the amount of available vacation time. 50 hrs to 40 hrs 40 hrs to 50 hrs 0 to 60 Months .556 1.8 61 to 132 Months .526 1.9 133 to 192 Months .556 1.8 193 months or more .595 1.68
Conversion Rates. The conversion rate in effect at any time for conversion of the Series A-1 Preferred (the “Series A-1 Conversion Rate”) shall be the quotient obtained by dividing the Original Series A Issue Price, plus any accrued but unpaid dividends thereon, by the “Series A Conversion Price” calculated as provided in Section 5(c). The conversion rate in effect at any time for conversion of the Series A-2 Preferred (the “Series A-2 Conversion Rate”) shall be the quotient obtained by dividing the Original Series A-2 Issue Price, plus any accrued but unpaid dividends thereon, by the “Series A-2 Conversion Price” calculated as provided in Section 5(c). The conversion rate in effect at any time for conversion of the Series A-3 Preferred (the “Series A-3 Conversion Rate”) shall be the quotient determined by dividing the Original Series A-3 Issue Price, plus any accrued but unpaid dividends thereon, by the “Series A-3 Conversion Price” calculated as provided in Section 5(c). The conversion rate in effect at any time for conversion of the Series A-4 Preferred (the “Series A-4 Conversion Rate”) shall be the quotient determined by dividing the Original Series A-4 Issue Price by the “Series A-4 Conversion Price” determined pursuant to Section 5(d). The conversion rate in effect at any time for conversion of the Series A-5 Preferred (the “Series A-5 Conversion Rate”) shall be the quotient determined by dividing the Original Series A-5 Issue Price, plus any accrued but unpaid dividends thereon, by the “Series A-5 Conversion Price” calculated as provided in Section 5(c).
Conversion Rates. On the Effective Date the shares of the Good Ideas Common Stock shall be converted and exchanged into shares of the SAT Common Stock (and warrants and similar rights exercisable with respect to shares of the Good Ideas Common Stock shall become exercisable with respect to shares of the SAT Common Stock) in the following manner:
(a) Each issued and outstanding share of the Good Ideas Common Stock shall, by virtue of the Merger and without any action on the part of the holder thereof, be converted and exchanged into .36 of a share of the SAT Common Stock; provided, however, that to the extent any holder of the Good Ideas Common Stock shall be entitled, as a result of the foregoing conversion and exchange, to receive less than a whole share of the SAT Common Stock, then and in any such event:
(i) no fractional share and/or fractional interest in a whole share shall be issued and The portion of a share of the SAT Common Stock to be exchanged for each share of the Good Ideas Common Stock was determined by assuming that a share of the SAT Common Stock has a market value of $1.625 per share (which was the closing sales price reported by the American Stock Exchange on February 14, 1997, the last trading date before the date of this Agreement) and that the Good Ideas Minority Stockholder should receive between .25 of a share if the market value of the SAT Common Stock was $2.50 per share and .375 of a share if the market value of the SAT Common Stock was $1.50 per share for each share of the Minority Good Ideas Common Stock.
(b) Each outstanding warrant expiring February 16, 1999 (the "Warrant") to purchase shares of the Good Ideas Common Stock shall, by virtue of the Merger and without any action on the part of the holder thereof, be converted and exchanged into a warrant to purchase shares of the Good Ideas Common Stock equal to the number of shares that the holder would have received under Section 4(a) hereof had the warrant been exercised immediately prior to the Effective Date. The exercise price shall be adjusted to the product of $7.50 and a fraction, the numerator of which shall be the number of shares of the Good Ideas Common Stock issuable upon the exercise of the Warrant prior to the Merger and the denominator of which shall be the number of shares of the SAT Common Stock issuable upon the exercise of the Merger Warrant. The expiration date of the Warrant shall not be changed.
(c) Anything in this Section 4 to the contrary notwithstanding:
(i) Any and al...
Conversion Rates. Shift employees assigned to a forty (40) hour work week shall maintain the same fringe benefits earned on a fifty-six
Conversion Rates. 1. Recording in the beneficiary's accounting books of costs incurred in a currency other than the one of the accounting books of the contractor (applicable to all beneficiaries)
2. Reporting costs in EUR in the Forms C submitted to the European Commission (applicable only to beneficiaries whose accounting books are not in EUR). SECTION 3: IMPLEMENTATION
Conversion Rates. The conversion rate in effect at any time for conversion of the Series A Preferred (the "Series A Conversion Rate") shall be the quotient obtained by dividing the Series A Original Issue Price by the "Series A Conversion Price," calculated as provided in Section 4(c). The
5. conversion rate in effect at any time for conversion of the Series B Preferred (the "Series B Conversion Rate") shall be the quotient obtained by dividing the Series B Original Issue Price by the "Series B Conversion Price," calculated as provided in Section 4(c). The conversion rate in effect at any time for conversion of the Series B-1 Preferred (the "Series B-1 Conversion Rate") shall be the quotient obtained by dividing the Series B Original Issue Price by the "Series B-1 Conversion Price," calculated as provided in Section 4(c).
Conversion Rates. Annual reinsurance premiums for conversions to plans not reinsured with the Reinsurer, as specified in Article 16.b, shall be the Ceding Company's then current rates for permanent insurance. Reinsurance rates shall be based on the original issue age, duration since issuance of the original policy and the original underwriting classification.