Common Stock Conversion Price definition

Common Stock Conversion Price shall be equal to $3.75.
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Common Stock Conversion Price means, as of any date of determination, the Initial Common Stock Conversion Price as adjusted pursuant to SECTION 4.4 through such date of determination.
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Common Stock Conversion Price means an amount equal to the quotient
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Examples of Common Stock Conversion Price in a sentence

  • In the event that either the OII Common Stock Conversion Price or the OII Preferred Stock Conversion Price is adjusted pursuant to Section 3.5(d)(iii) or Section 3.5(d)(iv), respectively, the number of shares of OII Common Stock or OII Preferred Stock that OptiMark shall be required to cause OptiMark, Inc.

  • The Borrower may not elect to have this Note converted into Common Stock pursuant to Section 4.1 of this Note unless the VWAP (as hereinafter defined) for the Borrower’s Common Stock is at least 150% of the Common Stock Conversion Price for at least 30 out of the 40 trading days immediately prior to the date that the Borrower elects to convert.

  • Company reserves the right to modify the Fees payable hereunder upon written notice to Customer at least ninety (90) days prior to the end of the then-current annual term.

  • Borrower shall promptly notify Lender in writing of each adjustment or readjustment of the Common Stock Conversion Price hereunder and the number of shares of Common Stock issuable upon the conversion of this Note pursuant to this Section 4.1. Such notice shall state the adjustment or readjustment and show in reasonable detail the facts on which that adjustment or readjustment is based.

  • If any fractional interest in securities would be issuable upon any conversion hereunder, the Borrower shall make cash payment for the portion of the Common Stock Conversion Price that would otherwise require the delivery of certificates representing such fractional interest.

  • In the event that either the OII Common Stock Conversion Price or the OII Preferred Stock Conversion Price is adjusted pursuant to Section 3.5(d)(iii) or Section 3.5(d)(iv), respectively, the number of shares of OII Common Stock by which OptiMark's right to reacquire shall decrease pursuant to Section 3.5(a)(ii) OII Common Stock or OII Preferred Stock that OptiMark shall be required to cause OptiMark, Inc.

  • The provision of this subsection 3(a) shall not apply to any dividends or distributions that would result in an adjustment of the Common Stock Conversion Price (as hereinafter defined) pursuant to Section 5(f).

  • If and whenever the Maker issues or sells, or in accordance with Section 5(c) hereof is deemed to have issued or sold, any shares of Common Stock for an effective consideration per share of less than the then Common Stock Conversion Price (as defined herein) or for no consideration then, the Conversion Price shall be adjusted pursuant to this Section 5(c).

  • The Common Stock Conversion Price per share of Common Stock shall be determined prior to closing.

  • All, but not less than all, of this Debenture is subject to conversion (the "Conversion") into shares of the Maker's common stock ("Common Stock") at any time, at the option of the Payee, at a conversion price of $5.00 per share of Common Stock ("Conversion Price") of the Maker in accordance with the provisions of Paragraph 3(b) hereof; provided, however, that such Conversion must be effected by the holder on or prior to 36 months from the date hereof (the "Conversion Period").


More Definitions of Common Stock Conversion Price

Common Stock Conversion Price means the “Conversion Price” applicable to the shares of Common Stock as determined pursuant to the Indenture and then in effect on the Conversion Date (provided that, for purposes hereof, the Indenture shall be deemed to be in full force and effect and Notes shall be deemed to be outstanding at all times from the date hereof through the applicable Conversion Date (as defined below), regardless of whether that is actually the case, and the terms of Section 10.07 of the Indenture shall be deemed incorporated herein, mutatis mutandis).
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Common Stock Conversion Price shall be equal to $5.03.
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Related to Common Stock Conversion Price

  • Series B Conversion Price means, as of the applicable Conversion Date, the greater of (A) the average of the Market Values of the Common Stock for the five consecutive Trading Days preceeding (but not including) such Conversion Date, or (B) the then effective Series B Minimum Conversion Price.

  • Series A Conversion Price shall initially be equal to $0.71. Such initial Series A Conversion Price, and the rate at which shares of Series A Preferred Stock may be converted into shares of Common Stock, shall be subject to adjustment as provided below.

  • Company Conversion Price means, the lower of (i) the applicable Conversion Price and (ii) that price which shall be computed as ninety five percent (95%) of the lowest Volume Weighted Average Price of the Common Stock during the fifteen (15) consecutive Trading Days immediately preceding the applicable Installment Date. All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction.

  • New Conversion Price means the amount determined by the Conversion Calculation Agent in accordance with the following formula:

  • Initial Conversion Price has the meaning specified in Section 13.01.