Fixed Conversion Price definition
Fixed Conversion Price shall have the meaning set forth in Section 4(b).
Fixed Conversion Price means, as of any Conversion Date (as defined below) or other date of determination, $0.0040, subject to adjustment as provided herein. All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction.
Fixed Conversion Price has the meaning contained in Section 3.1(b)
Examples of Fixed Conversion Price in a sentence
As to any fraction of a share to which the Noteholder would otherwise be entitled to purchase upon such conversion, the Borrower shall, at its election, either pay a cash adjustment in respect of such final fraction in an amount equal to such fraction multiplied by the Fixed Conversion Price or round up to the next whole share.
Whenever the Fixed Conversion Price is adjusted pursuant to any provision of this Section 1, the Borrower shall promptly deliver to the Noteholder a notice setting forth the Fixed Conversion Price after such adjustment and setting forth a brief statement of the facts requiring such adjustment.
More Definitions of Fixed Conversion Price
Fixed Conversion Price has the meaning given such term in the Minimum Borrowing Note.
Fixed Conversion Price shall have the meaning ascribed to it in the Debenture.
Fixed Conversion Price means $0.53 which has been determined on the date of this Note as an amount equal to 110% of the average closing price for ten (10) trading days immediately prior to the date of this Note. .
Fixed Conversion Price means $0.
Fixed Conversion Price means, as of any Conversion Date or other applicable date of determination, $5.95, subject to adjustment as provided herein.
Fixed Conversion Price means $1.13 [which has been determined on the date of this Note as an amount equal to 103% of the average closing price of the Common Stock for the ten (10) trading days immediately prior to the date of this Note; provided that the Fixed Conversion Price shall not exceed 110% of the closing price on the date immediately preceding the Closing Date]. The shares of Common Stock to be issued upon such conversion are herein referred to as the “Conversion Shares.”
Fixed Conversion Price shall have the meaning ascribed to such term in the Notes.