Aggregate Conversion Amount definition

Aggregate Conversion Amount means the aggregate amount of the Outstanding Amount of the Loans owing to the Holder under the Credit Agreement, up to the Maximum Conversion Amount then available, that the Holder elects to convert into Conversion Shares as indicated by the Holder in the Notice of Conversion; provided that, in the case of an Automatic Exercise, the “Aggregate Conversion Amount” means the Maximum Conversion Amount then available.
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Aggregate Conversion Amount means, at any time, the sum of the Conversion Value Amount with respect to each Permitted Restricted Subsidiary Conversion consummated after the Effective Date but on or prior to the date of determination thereof.
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Aggregate Conversion Amount means the sum of the total obligations due under the Subordinated Debt, being principal, accrued interest and accrued commitment fees (together with accrued interest thereon), in each case to and including the Closing Date, MINUS the Base Amount. The parties agree that, as of the date of this Agreement, the Aggregate Conversion Amount would be $3,973,926.27, consisting of $7,715,919.45 of principal, $566,538.74 of accrued interest and $1,023,885.39 of accrued fees and $68,726.29 interest thereon, MINUS the Base Amount of $5,401,143.62.The parties agree that the Exchange Price is $5.75640625.
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Examples of Aggregate Conversion Amount in a sentence

  • In such event the entire Aggregate Conversion Amount shall be converted immediately prior and subject to the closing of the NQFR, on the same terms and conditions specified in Section ‎3 above (“Automatic Conversion upon a QFR”), mutatis mutandis.

  • The election of the Majority Holders to convert the entire Aggregate Conversion Amount shall be binding on all of the holders of the Notes and each such holder shall be deemed to have elected to convert its respective portion of the Aggregate Conversion Amount in accordance with the terms and conditions specified herein.

  • Aggregate Conversion Amount to be converted: Conversion Price: Number of shares of Common Stock to be issued: Please issue the Common Stock into which the Note is being converted in the following name and to the following address: Issue to: Facsimile Number: Holder: By: Title: Dated: The Company hereby acknowledges this Conversion Notice and hereby covenants to issue the above indicated number of shares of Common Stock.

  • Any indemnification payments received under Sections 8.2 or 8.3 hereof shall be treated as adjustments to the Aggregate Conversion Amount.

  • Upon the parties' receipt of all of the Closing deliverables set forth in SECTION 1, the obligations of ▇▇▇▇▇▇ Industries with respect to the portion of the Notes constituting the Aggregate Conversion Amount will be extinguished, and all obligations under the remaining Notes will be replaced with the obligations under the Tranche A Note (subject to SECTION 10).

  • Aggregate Conversion Amount to be converted: Please confirm the following information: Conversion Price: Number of shares of Common Stock to be issued: [_] If this Conversion Notice is being delivered with respect to an Installment Conversion or an Acceleration, check here if Holder is electing to use the following Installment Conversion Price:____________ on the following date:_______________.

  • Date of Conversion: Aggregate Conversion Amount to be converted: Please confirm the following information: Conversion Price: Number of shares of Common Stock to be issued: ☐ If this Conversion Notice is being delivered with respect to an Installment Conversion or an Acceleration, check here if Holder is electing to use the following Installment Conversion Price:____________ on the following date:_______________.

  • Section 3.1 Aggregate Conversion Amount...........................

  • The following represent illustrative examples of the calculations set forth in SECTION 2.1 based on a hypothetical Aggregate Conversion Amount of $3,973,926.27 (assuming $9,375,069.89 in total outstanding obligations under the Subordinated Debt, MINUS the Base Amount of $5,401,143.62): EXAMPLE OF SECTION 2.1(A): IF THE EXCHANGE PRICE EQUALS $5.50, THEN THE NOTE STOCK AMOUNT WOULD EQUAL 722,532 SHARES OF ▇▇▇▇▇▇ COMMON STOCK ($3,973,926.27) DIVIDED BY $5.50).

  • After giving effect to the conversion of the Aggregate Conversion Amount of Debentures requested to be converted pursuant hereto, the undersigned will not be the beneficial owner of 10% or more of the outstanding Common Stock (determined as set forth in Section 3(d)(i) of the Debenture).


More Definitions of Aggregate Conversion Amount

Aggregate Conversion Amount means an amount equal to the greater of:
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Aggregate Conversion Amount means, at any time, the sum of the Conversion Value Amount with respect to each Permitted Restricted Subsidiary Conversion consummated after the Effective Date but on or prior to the date of determination thereof. "Aggregate Unutilized Revolving Loan Commitment" with respect to any Bank at any time shall mean such Bank's Revolving Loan Commitment at such time less the sum of (i) the aggregate outstanding principal amount of all Revolving Loans made by such Bank and (ii) such Bank's Adjusted Percentage of the Letter of Credit Outstandings at such time.
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Aggregate Conversion Amount shall be an amount equal to ONE HUNDRED SIXTY MILLION DOLLARS ($160,000,000) minus the Indebtedness of the Company and the Acquired Subsidiaries shown on the Indebtedness Certificate, and minus the Note Purchase Price shown on the Indebtedness Certificate.
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Related to Aggregate Conversion Amount

  • Forced Conversion Amount means the sum of (a) 100% of the aggregate Stated Value then outstanding, (b) accrued but unpaid dividends and (c) all liquidated damages and other amounts due in respect of the Preferred Stock.

  • Conversion Amount means the sum of the Stated Value at issue.

  • Alternate Conversion Floor Amount means an amount in cash, to be delivered by wire transfer of immediately available funds pursuant to wire instructions delivered to the Company by the Holder in writing, equal to the product obtained by multiplying (A) the higher of (I) the highest price that the Common Stock trades at on the Trading Day immediately preceding the relevant Alternate Conversion Date and (II) the applicable Alternate Conversion Price and (B) the difference obtained by subtracting (I) the number of shares of Common Stock delivered (or to be delivered) to the Holder on the applicable Share Delivery Deadline with respect to such Alternate Conversion from (II) the quotient obtained by dividing (x) the applicable Conversion Amount that the Holder has elected to be the subject of the applicable Alternate Conversion, by (y) the applicable Alternate Conversion Price without giving effect to clause (x) of such definition.

  • Aggregate Commitment Amount means the aggregate principal amount of the Aggregate Commitments from time to time. On the Closing Date, the Aggregate Commitment Amount equals $1,500,000,000.

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