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 given such term in the Minimum Borrowing Note.

Examples of Fixed Conversion Price in a sentence

• As to any fraction of a share to which the Lender would otherwise be entitled to purchase upon such conversion, JanOne 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.

• The number of shares of Conversion Stock issuable upon a conversion hereunder shall be determined by the quotient obtained by dividing (x) the outstanding hereunder to be converted and any accrued and unpaid interest to be converted related to the converted principal amount of the obligations set forth in the Promissory Note and this First Amendment, by (y) the Fixed Conversion Price.

• Whenever the Fixed Conversion Price is adjusted pursuant to any provision of this Section 3, JanOne shall promptly deliver to the Lender a notice setting forth the Fixed Conversion Price after such adjustment and setting forth a brief statement of the facts requiring such adjustment.

• As to any fraction of a share to which the Lender would otherwise be entitled to purchase upon such ICG JANONE FOURTH AMENDMENT.3+ (corrected) 5 conversion, JanOne 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 4, JanOne shall promptly deliver to the Lender 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 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 has the meaning contained in Section 3.1(b)

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 means, as of any Conversion Date or other applicable date of determination, $5.95, subject to adjustment as provided herein.

Fixed Conversion Price shall have the meaning ascribed to such term in the Notes.

Fixed Conversion Price means, as of any date of determination, $0.10, subject to adjustment as provided herein.