Current Conversion Price. The term “conversion price” shall mean $0.612 per Share, subject to adjustment. For purposes of this Section 4(d), the conversion price of $0.612 shall be deemed to have become effective at the close of business on the date hereof but shall be subject to adjustment as set forth in Section 4(e) hereof. The term “current conversion price” as used herein shall mean the conversion price, as the same may be adjusted from time to time as hereinafter provided, in effect at any given time. In determining the current conversion price, the result shall be expressed to the nearest $0.01, but any such lesser amount shall be carried forward and shall be considered at the time of and together with the next subsequent adjustment which, together with any adjustments to be carried forward, amount to $0.01 per Share or more.
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Sources: Secured Subordinated Convertible Note (Coachmen Industries Inc)
Current Conversion Price. The term “conversion price” shall mean initially $0.612 0.979 per Share, subject to adjustment. For purposes of this Section 4(d), the conversion price of $0.612 0.979 shall be deemed to have become effective at the close of business on the date hereof Closing Date but shall be subject to adjustment as set forth in Section 4(e) hereof. The term “current conversion price” as used herein shall mean the conversion price, as the same may be adjusted from time to time as hereinafter provided, in effect at any given time. In determining the current conversion price, the result shall be expressed to the nearest $0.01, but any such lesser amount shall be carried forward and shall be considered at the time of and together with the next subsequent adjustment which, together with any adjustments to be carried forward, amount to $0.01 per Share or more.
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