Common use of Adjustment of Conversion Clause in Contracts

Adjustment of Conversion. PRICE AND NUMBER OF SHARES OF COMMON STOCK ISSUABLE UPON CONVERSION OF THE CONVERTIBLE NOTES. Upon each adjustment of the Conversion Price, the Note-Holders shall thereafter be entitled to purchase, at the conversion price resulting from such adjustment, the number of shares obtained by multiplying the Conversion Price in effect immediately prior to such adjustment by the number of shares purchasable pursuant hereto immediately prior to such adjustment and dividing the product thereof by the conversion price resulting from such adjustment. The Conversion Price shall be subject to adjustment from time to time as follows:

Appears in 4 contracts

Samples: Oxford Ventures Inc, Oxford Ventures Inc, Cyber Public Relations Inc

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.