Series A-3 Conversion Price definition

Series A-3 Conversion Price means a price that initially equals to the Original Series A-3 Issue Price, and shall be adjusted from time to time as provided below in Clause 9 (d)(iv) of the Memorandum.
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Series A-3 Conversion Price means the Series A-3 Liquidation Value subject to adjustment as provided in Section (d).
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Series A-3 Conversion Price shall initially equal the Original Series A-3 Issue Price, the “Series B Conversion Price” shall initially equal the Original Series B Issue Price, the “Series C Conversion Price” shall initially equal the Original Series C Issue Price and the “Series D Conversion Price” shall initially equal the Original Series D Issue Price, each of which shall be adjusted from time to time as provided below in Clause 9(d)(v).
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Examples of Series A-3 Conversion Price in a sentence

  • Dividends with respect to the Series A-3 Stock shall be payable in shares of Common Stock (calculated based upon the then effective Series A-3 Conversion Price), as accrued, upon the conversion of the Series A-3 Stock into Common Stock.

  • The "Series A-3 Conversion Price" shall initially be $340.00, and shall be subject to adjustment as provided herein.

  • Subject to the limits set forth in Section 6(h) below, each share of Series A-3 Preferred shall automatically be converted into shares of Common Stock at the then effective Series A-3 Conversion Price for such series upon the election of holders of at least a majority of the then outstanding shares of Series A-3 Preferred.

  • This corporation shall, upon the written request at any time of any holder of Series A-3 Preferred Stock, furnish or cause to be furnished to such holder a similar certificate setting forth (i) such adjustment and readjustments, (ii) the Series A-3 Conversion Price then in effect, and (iii) the number 43 101 of shares of Common Stock and the amount, fi any, of other property which then would be received upon the conversion of the Series A-3 Preferred Stock.

  • Each share of Series A-3 Preferred Stock shall be converted into a number of shares of Common Stock determined by dividing (i) the sum of (A) $8.00 plus (B) the dollar amount of any dividends on such share of the Series A-3 Preferred Stock which such holder is entitled to received, but has not yet received, by (ii) the Series A-3 Conversion Price in effect on the Series A-3 Conversion Date.

  • The price at which shares of Common shall be deliverable upon conversion of the Series A-3 Preferred (the "Series A-3 Conversion Price") shall initially be $1.325 per share of Common.

  • The Series A-3 Conversion Price at which shares of Common Stock shall initially be issuable upon conversion of the shares of Series A-3 Preferred Stock shall be $8.00.

  • The Corporation shall, upon the written request at any time of any holder of Series A-3 Preferred, furnish or cause to be furnished to such holder a like certificate setting forth (i) such adjustments and readjustments, (ii) the Series A-3 Conversion Price at the time in effect, and (iii) the number of shares of Common Stock and the amount, if any, of other property which at the time would be received upon the conversion of Series A-3 Preferred.

  • If at any time, the Company shall issue or sell New Securities for a New Price which is less than the applicable then-effective Series A-1 Conversion Price, Series A-2 Conversion Price or Series A-3 Conversion Price, in effect immediately prior to such issue, then the Series A-1 Conversion Price, Series A-2 Conversion Price or Series A-3 Conversion Price, as applicable, shall be reduced, concurrently with such issue, to such New Price.

  • Subject to the limits set forth in Section 6(h) below, each share of Series A-3 Preferred shall be convertible, at the option of the holder thereof, at any time after the date of issuance of such share at the office of the Corporation or any transfer agent for the Series A-3 Preferred into such number of fully paid and nonassessable shares of Common Stock as is determined by dividing $80.00 by the Series A-3 Conversion Price, determined as hereinafter provided, in effect at the time of conversion.


More Definitions of Series A-3 Conversion Price

Series A-3 Conversion Price means a price that initially equals to the Original Series A-3 Issue Price, and shall be adjusted from time to time as provided in Article 4.4(e).
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Related to Series A-3 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.

  • 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 Rate means, as adjusted pursuant to Section 5.8(b)(vi)(E), the number of Common Units issuable upon the conversion of each Series A Preferred Unit, which shall be the quotient of (a) the sum of (i) the Series A Issue Price, plus (ii) any Series A Unpaid Distributions on the applicable Series A Preferred Unit, plus (iii) only for purposes of the definition of “Series A COC Conversion Rate,” any Series A Partial Period Distributions on the applicable Series A Preferred Unit, divided by (b) the Series A Issue Price.

  • Interest Conversion Price means, with respect to any Interest Date, that price which shall be computed as 100.0% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the ten (10) consecutive Trading Days immediately preceding the applicable Interest Date (each, an “Interest Measuring Period”). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during such period.

  • Base Conversion Price shall have the meaning set forth in Section 5(b).