Maximum Conversion Amount definition
Maximum Conversion Amount means, with respect to any Six Month Period, (i) $25 million, if the Closing Price during each of the 20 consecutive Trading Days during the first Qualified Trading Period in such Six Month Period with respect to which GAMCO has effected a conversion pursuant to the foregoing provisions (the "Qualified Trading Price") is at least 125% but less than 150% of the Conversion Price, (ii) $50 million, if the Qualified Trading Price is at least 150% but less than 175% of the Conversion Price, (iii) $75 million, if the Qualified Trading Price is at least 175% but less than 200% of the Conversion Price, or (iv) $100 million, if the Qualified Trading Price is at least 200% of the Conversion Price. Except as otherwise provided above, any conversion pursuant to the foregoing clauses (each, a "Forced Conversion") shall be made in accordance with the provisions of Exhibit A. If GAMCO effects a Forced Conversion, then on such Conversion Date the Holder shall surrender the Note at the principal executive offices of GAMCO (which, if GAMCO shall so require, shall be duly endorsed to GAMCO or in blank, or be accompanied by proper instruments of transfer to GAMCO or in blank), accompanied by irrevocable written notice to GAMCO specifying the name or names (with address or addresses) in which a certificate or certificates evidencing the full number of shares of Common Stock issuable upon such conversion are to be issued and GAMCO shall deliver such certificate or certificates registered in the name(s) and in the denominations set forth in such instructions, together with a cash adjustment in respect of any fraction of a share of Common Stock and, if less than all of the Unpaid Principal Amount is being converted, a new Note of like tenor with an Unpaid Principal Amount equal to the portion not being converted. Any such conversion shall be deemed to have been made as of the applicable Conversion Date, and the person or persons entitled to receive the Common Stock deliverable upon conversion of this Note shall be treated for all purposes as the record holder or holders of such Common Stock on such date.
Maximum Conversion Amount means an amount equal to £7,047.01, representing the principal amount of the Loan together with interest at 17% per annum accrued pursuant to Clause 4 calculated up until the Closing Anniversary.
Maximum Conversion Amount means, (a) if, at the time of the exercise of the conversion rights under this Instrument, there is at least $4,307,056.45 of the Outstanding Amount of Loans owing to the Holder under the Credit Agreement as of such date, $4,307,056.45, or, (b) if, at the time of exercise of the conversion rights under this Instrument, there is less than $4,307,056.45 of the Outstanding Amount of Loans owing to the Holder under the Credit Agreement, the entire Outstanding Amount of Loans owing to the Holder at such time under the Credit Agreement.
Examples of Maximum Conversion Amount in a sentence
For the avoidance of doubt, the maximum amount of the Outstanding Loan that shall be capable of converting into Ordinary B Shares in accordance with this clause 6 shall be the Maximum Conversion Amount.
Each Amortisation Conversion Election must be for the lower of (i) the full amount of the amortisation due on the relevant amortisation payment date and (ii) the unutilised amount of the Maximum Conversion Amount (as defined below).
Any principal and Interest that remains after the Conversion of up to the Maximum Conversion Amount shall remain outstanding on the books of the Company.
Exceeding Claims In case RJ Creditors who elect the option of “Supporting Conversion Creditor” pursuant to the RJ Plan offer SESA Updated Claims for conversion in excess of the Maximum Conversion Amount, the amount of Claims to be converted shall be pro-rated among such Supporting Conversion Creditors considering their respective conversion offers such that the total amount of the conversion does not exceed the Maximum Amount.
A Creditor seeking to exercise its Tranche A.1A Voting Rights must first fully convert its portion of the unconverted Maximum Conversion Amount into equity.
More Definitions of Maximum Conversion Amount
Maximum Conversion Amount means, (a) if, at the time of the exercise of the conversion rights under this Instrument, there is at least $4,136,480.00 of the Outstanding Amount of Loans owing to the Holder under the Credit Agreement as of such date, $4,136,480.00, or, (b) if, at the time of exercise of the conversion rights under this Instrument, there is less than $4,136,480.00 of the Outstanding Amount of Loans owing to the Holder under the Credit Agreement, the entire Outstanding Amount of Loans owing to the Holder at such time under the Credit Agreement.
Maximum Conversion Amount means, (a) if, at the time of the exercise of the conversion rights under this Instrument, there is at least
Maximum Conversion Amount means, with respect to any Six Month Period, (i) $27.5 million, if the Closing Price during each of the 20 consecutive Trading Days during the first Qualified Trading Period in such Six Month Period with respect to which GAMCO has effected a conversion pursuant to the foregoing provisions (the “Qualified Trading Price”) is at least 125% but less than 150% of the Conversion Price, (ii) $55 million, if the Qualified Trading Price is at least 150% but less than 175% of the Conversion Price, (iii) $82.5 million, if the Qualified Trading Price is at least 175% but less than 200% of the Conversion Price, or (iv) $110 million, if the Qualified Trading Price is at least 200% of the Conversion Price.
Maximum Conversion Amount means $40,000,000.
Maximum Conversion Amount with respect to the foregoing clause (b) shall be deemed to be one hundred percent (100%) of the amount of the outstanding balance of such Loans.
Maximum Conversion Amount has the meaning attributed to it in Section G below.
Maximum Conversion Amount means, at any time, the amount determined by multiplying (i) Remaining Authorized Shares at such time by (ii) the Conversion Price or the Public Offering Price, as the case may be.