Applicable Conversion Value. The Applicable Conversion Value in effect initially, and until first adjusted in accordance with Section 4(e) or 4(f) hereof, shall be $1.00 in the case of Series A Preferred Stock, or $3.28 in the case of Series B Preferred Stock.
Appears in 2 contracts
Sources: Fixed Point Microwave Services Agreement (Pathnet Inc), Fixed Point Microwave Services Agreement (Pathnet Inc)