Average Conversion Value definition

Average Conversion Value means, with respect to any period, the sum of the Conversion Values for each Trading Day during the relevant period divided by the number of Trading Days in the period.
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Average Conversion Value means the product of the Sale Price times the number of Shares issuable per Note upon conversion.
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Average Conversion Value means, with respect to any period, the sum of the Conversion Values for each trading day during the period divided by the number of trading days in the period.
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Examples of Average Conversion Value in a sentence

  • If the June 15, 2023 Average Conversion Value exceeds 220% of the Initial Principal Amount at Maturity or is less than or equal than the Initial Principal Amount at Maturity then the Principal Amount at Maturity will equal the Initial Principal Amount at Maturity.

  • At such time as a written request is made by a Holder, the Company shall instruct the Conversion Agent to determine the Trading Price per Security beginning on the next Trading Day and on each successive Trading Day until the Trading Price per Security is greater than or equal to 98% of the Average Conversion Value for 10 consecutive Trading Days.

  • If the July 31, 2022 Average Conversion Value exceeds 220% of the Initial Principal Amount at Maturity or is less than or equal than the Initial Principal Amount at Maturity then the Principal Amount at Maturity will equal the Initial Principal Amount at Maturity.

Related to Average Conversion Value

  • 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.

  • Conversion Value means, with respect to Convertible Capital Appreciation Bonds, the Accreted Value as of the Conversion Date.

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

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

  • Interest Conversion Rate means the lesser of (a) the Conversion Price or (b) 90% of the lesser of (i) the average of the VWAPs for the 20 consecutive Trading Days ending on the Trading Day that is immediately prior to the applicable Interest Payment Date or (ii) the average of the VWAPs for the 20 consecutive Trading Days ending on the Trading Day that is immediately prior to the date the applicable Interest Conversion Shares are issued and delivered if such delivery is after the Interest Payment Date.