Mandatory Conversion Price Condition definition
Mandatory Conversion Price Condition means a condition that will be deemed to have been satisfied from and after the first time that the Closing Sale Prices of the Common Stock, for at least 20 Trading Days (whether or not consecutive) in any period of 30 consecutive Trading Days, is greater than 300% of the Conversion Price of the Notes in effect on each applicable Trading Day.
Mandatory Conversion Price Condition means a condition that will be deemed to have been satisfied:
Examples of Mandatory Conversion Price Condition in a sentence
With respect to the Notes held by any holder whose conversion of Notes was limited by the Ownership Limit, the Issuer shall be entitled to cause such Notes (to the extent still held by such holder or its affiliates) to be automatically converted on a quarterly basis from time to time if such conversion would not result in the holder exceeding the Ownership Limit without any requirement that the Minimum Mandatory Conversion Price Condition be satisfied.