Minimum Conversion Rate definition

Minimum Conversion Rate has the meaning set forth in Section 2.3(b) hereof.
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Minimum Conversion Rate means 28.1480 Common Shares per share of Series A Preferred Stock, which is equal to $1,000, divided by the Threshold Appreciation Price, subject to adjustment pursuant to Section 9 of this Subdivision.
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Minimum Conversion Rate initially means 11.9048 shares of Common Stock per share of Mandatory Convertible Preferred Stock; provided, however, that the Minimum Conversion Rate is subject to adjustment pursuant to Sections 9(f) and 9(g). Each reference in this Certificate of Designations or the Mandatory Convertible Preferred Stock to the Minimum Conversion Rate as of a particular date without setting forth a particular time on such date will be deemed to be a reference to the Minimum Conversion Rate immediately before the Close of Business on such date.
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Examples of Minimum Conversion Rate in a sentence

  • The applicable Conversion Rate shall be (x) the Minimum Conversion Rate, in the case of an Early Conversion Date or (y) determined based upon the definition of Conversion Rate set forth in Section 2.3 and the Applicable Market Value (as defined below) at such time, in the case of the Mandatory Conversion Date.

  • Threshold Appreciation Price: $9.30, which represents a premium of 20% over the Initial Price and is approximately equal to $50, divided by the Minimum Conversion Rate.

  • Threshold Appreciation Price: Equal to $50, divided by the Minimum Conversion Rate, rounded to the nearest $0.0001, which initially is $25.6871 and represents a premium of approximately 25% over the Initial Price.

  • Threshold Appreciation Price: Approximately $2.4150, which represents a premium of approximately 15% over the Initial Price and is equal to $100, divided by the Minimum Conversion Rate.

  • Threshold Appreciation Price: Approximately $92.99, which represents an approximately 22.5% appreciation over the Initial Price and is equal to $100.00, divided by the Minimum Conversion Rate (as defined below).


More Definitions of Minimum Conversion Rate

Minimum Conversion Rate means 0.7629 shares of Common Stock per share of Mandatory Convertible Preferred Stock, subject to adjustment as set forth in Section 13.
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Minimum Conversion Rate shall have the meaning set forth in the definition of Conversion Rate.
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Minimum Conversion Rate shall have the meaning set forth in Section 7(b)(i).
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Minimum Conversion Rate has the meaning set forth in the Certificate of Designations.
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Minimum Conversion Rate means 0.7326 shares of Common Stock per share of Mandatory Convertible Preferred Stock, subject to adjustment as set forth in Section 12.
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Minimum Conversion Rate means 7.7369, subject to adjustment as provided in Article 11 hereof.
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Minimum Conversion Rate means 1.14943, subject to adjustment as provided in Section 3.
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