Conversion Price Floor definition

Conversion Price Floor means the amount, in dollars, determined by multiplying (i) the Conversion Price by (ii) twenty percent (20%).
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Conversion Price Floor means the amount, in dollars, determined by multiplying (i) the Initial Conversion Price by (ii) thirty percent (30%).
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Conversion Price Floor means (i) on or prior to that date which is two hundred ten (210) days after the Closing Date, $6.00, and (ii) after that date which is two hundred ten (210) days after the Closing Date, the lower of (a) $6.00 and (b) the product of (.65) and the Conversion Price Ceiling, and shall be subject to adjustment as provided herein.
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Examples of Conversion Price Floor in a sentence

  • As of the Closing Date, the Company shall have reserved out of its authorized and unissued shares of Common Stock, subject to Shareholder Approval, solely for the purpose of effecting the conversion of the Notes and the exercise of the Warrants, a number of shares of Common Stock equal to at least 100% of the aggregate number of shares of Common Stock issuable at a conversion price equal to the Conversion Price Floor (as defined in the Notes).

  • So long as the Notes or Warrants remain outstanding, the Company shall take all action necessary to at all times have authorized, and reserved for the purpose of issuance (subject to Shareholder Approval), 100% of the aggregate number of shares of Common Stock issuable at a conversion price equal to the Conversion Price Floor (as defined in the Notes).

  • Without limiting any provision hereof, if Borrower at any time on or after the Effective Date subdivides (by any stock split, stock dividend, recapitalization or otherwise) one or more classes of its outstanding shares of Common Stock into a greater number of shares, the Conversion Price and Conversion Price Floor in effect immediately prior to such subdivision will be proportionately reduced.

  • The Company has authorized and has reserved and covenants to continue to reserve (subject to Shareholder Approval (as defined in SECTION 3.17 hereof)), free of preemptive rights and other similar contractual rights of stockholders, a number of its authorized but unissued shares of Common Stock equal to at least 100% of the aggregate number of shares of Common Stock issuable at a conversion price equal to the Conversion Price Floor (as defined in the Notes).

  • Without limiting any provision hereof, if Borrower at any time on or after the Effective Date combines (by combination, reverse stock split or otherwise) one or more classes of its outstanding shares of Common Stock into a smaller number of shares, the Conversion Price and Conversion Price Floor in effect immediately prior to such combination will be proportionately increased.


More Definitions of Conversion Price Floor

Conversion Price Floor of the Preferred Stock means $1.635.
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Conversion Price Floor means $0.20 per share of Common Stock.
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Conversion Price Floor means, prior to effectiveness of Shareholder Approval, $0.20 (as adjusted for stock splits, stock dividends, stock combinations, recapitalizations or other similar transactions following the sale of this Note), and thereafter, $0.15 (as adjusted for stock splits, stock dividends, stock combinations, recapitalizations or other similar transactions following the sale of this Note).
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Conversion Price Floor shall be set at $0.08 (the “Floor”).
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Conversion Price Floor means $10.875 per share of Common Stock, subject to adjustment as set forth in Section 6.1.
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Conversion Price Floor means US$7.6540 per Common Share, as adjusted in accordance with Condition 7.2 with references to “Initial Conversion Price” in Condition 7.2 being read as references to “Conversion Price Floor” for purposes of this definition only.
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Conversion Price Floor means (i) the quotient resulting from dividing (A) 2020 Valuation Cap by (B) the Fully-Diluted Capitalization at June 30, 2020 for conversion that occur on or after July 1, 2020 and prior to June 30, 2022 (the “2020 Conversion Price Floor”) and (ii) the lesser of the 2020 Conversion Price Floor and the quotient resulting from dividing (A) 2022 Valuation Cap by (B) the Fully-Diluted Capitalization at June 30, 2022 for conversion that occur on or after July 1, 2022.
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