Common use of Conversion Price and Adjustments to Conversion Price Clause in Contracts

Conversion Price and Adjustments to Conversion Price. (i) The Holder shall be entitled to convert, at its sole option, at any time a portion or all amounts of principal and interest due and outstanding under this Debenture into shares of the Obligor's Common Stock at the lesser of (i) at a price equal to $1.00 ( the "Fixed Conversion Price") or (ii) eighty percent (80%) of the lowest Closing Bid Price of the Common Stock during the five (5) trading days immediately preceding the Conversion Date as quoted by Bloomberg, LP (the "Market Conversion Price"). The Fixed Conversion Price and the Market Conversion Price are collectively referred to as the "Conversion Price." The Conversion Price may be adjusted pursuant to the other terms of this Debenture.

Appears in 1 contract

Samples: NewGen Technologies, Inc

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Conversion Price and Adjustments to Conversion Price. (i) The Holder shall be entitled to convert, at its sole option, at any time a portion or all amounts of principal and interest due and outstanding under this Debenture into shares of the Obligor's Common Stock at the lesser of (i) at a price equal to $1.00 ( 0.35 (the "Fixed Conversion Price") or (ii) eighty ninety percent (8090%) of the lowest Closing Bid Volume Weighted Average Price of the Common Stock during the five fifteen (515) trading days immediately preceding the Conversion Date as quoted by Bloomberg, LP (the "Market Conversion PriceConverxxxx Xxxce"). The Fixed Conversion Price and the Market Conversion Price are collectively referred to as the "Conversion Price." The Conversion Price may be adjusted pursuant to the other terms of this Debenture.

Appears in 1 contract

Samples: Sensor System Solutions Inc

Conversion Price and Adjustments to Conversion Price. (i) The Holder shall be entitled to convert, at its sole option, at any time a portion or all amounts of principal and interest due and outstanding under this Debenture into shares of the Obligor's Common Stock at the lesser of (i) at a price equal to $1.00 0.0132 ( the "Fixed Conversion Price") or (ii) eighty five percent (8085%) of the lowest Closing Bid Volume Weighted Average Price of the Common Stock during the five thirty (530) trading days immediately preceding the Conversion Date as quoted by Bloomberg, LP (the "Market Conversion Price"). The Fixed Conversion Xxxxxxxxxn Price and the Market Conversion Price are collectively referred to as the "Conversion Price." The Conversion Price may be adjusted pursuant to the other terms of this Debenture.

Appears in 1 contract

Samples: Security Agreement (Syndication Net Com Inc)

Conversion Price and Adjustments to Conversion Price. (i) The Holder shall be entitled to convert, at its sole option, at any time a portion or all amounts of principal and interest due and outstanding under this Debenture into shares of the Obligor's Common Stock at the lesser of (i) at a price equal to $1.00 0.15 ( the "Fixed Conversion Price") or (ii) eighty percent (80%) of the lowest Closing Bid Volume Weighted Average Price of the Common Stock during the five (5) trading days immediately preceding the Conversion Date as quoted by Bloomberg, LP (the "Market Conversion Price"). The Fixed Conversion Fixex Xxxxxxxion Price and the Market Conversion Price are collectively referred to as the "Conversion Price." The Conversion Price may be adjusted pursuant to the other terms of this Debenture.

Appears in 1 contract

Samples: Roaming Messenger Inc

Conversion Price and Adjustments to Conversion Price. (i) The Holder shall be entitled to convert, at its sole option, at any time a portion or all amounts of principal and interest due and outstanding under this Debenture into shares of the Obligor's ’s Common Stock at the lesser of (i) at a price equal to $1.00 0.0086 ( the "Fixed Conversion Price") or (ii) eighty five percent (8085%) of the lowest Closing Bid daily Volume Weighted Average Price of the Common Stock during the five thirty (530) trading days immediately preceding the Conversion Date as quoted by Bloomberg, LP (the "Market Conversion Price"). The Fixed Conversion Price and the Market Conversion Price are collectively referred to as the "Conversion Price." The Conversion Price may be adjusted pursuant to the other terms of this Debenture.

Appears in 1 contract

Samples: Amendment Agreement (Cord Blood America, Inc.)

Conversion Price and Adjustments to Conversion Price. (i) The Holder shall be entitled to convert, at its sole option, at any time a portion or all amounts of principal and interest due and outstanding under this Debenture into shares of the Obligor's Common Stock at the lesser of (i) at a price equal to $1.00 0.001 ( the "Fixed Conversion Price") or (ii) eighty seventy five percent (8075%) of the lowest Closing Bid Price of the Common Stock during the five ten (510) trading days immediately preceding the Conversion Date as quoted by Bloomberg, LP (the "Market Conversion Price"). The Fixed Conversion Price and the Market Conversion Price are collectively referred to as the "Conversion Price." The Conversion Price may be adjusted pursuant to the other terms of this Debenture.

Appears in 1 contract

Samples: Americana Publishing Inc

Conversion Price and Adjustments to Conversion Price. (i) The Holder shall be entitled to convert, at its sole option, at any time a portion or all amounts of principal and interest due and outstanding under this Debenture into shares of the Obligor's Common Stock at the lesser of (i) at a price equal to Three Dollars ($1.00 ( 3.00) (the "Fixed Conversion Price") or (ii) eighty eight percent (8088%) of the average of the 2 lowest Closing Bid Price Volume Weighted Average Prices of the Common Stock during the five ten (510) trading days Trading Days immediately preceding the Conversion Date as quoted by Bloomberg, LP (the "Market Conversion Price"). The Fixed Conversion Price and the Market Conversion Price are collectively referred to as the "Conversion Price." The Conversion Price may be adjusted pursuant to the other terms of this Debenture.

Appears in 1 contract

Samples: Earthshell Corp

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Conversion Price and Adjustments to Conversion Price. (i) The Holder shall be entitled to convert, at its sole option, at any time a portion or all amounts of principal and interest due and outstanding under this Debenture into shares of the Obligor's Common Stock at the lesser of (i) at a price equal to $1.00 0.00525 ( the "Fixed Conversion Price") or (ii) eighty ninety percent (8090%) of the lowest Closing Bid Price of the Common Stock during the five ten (510) trading days immediately preceding the Conversion Date as quoted by BloombergXxxxxxxxx, LP (the "Market Conversion Price"). The Fixed Conversion Price and the Market Conversion Price are collectively referred to as the "Conversion Price." The Conversion Price may be adjusted pursuant to the other terms of this Debenture.

Appears in 1 contract

Samples: Security Agreement (Tech Laboratories Inc)

Conversion Price and Adjustments to Conversion Price. (i) The Holder shall be entitled to convert, at its sole option, at any time a portion or all amounts of principal and interest due and outstanding under this Debenture into shares of the Obligor's Common Stock at the lesser of (i) at a price equal to $1.00 0.001 ( the "Fixed Conversion Price") or (ii) eighty seventy five percent (8075%) of the lowest Closing Bid Price of the Common Stock during the five ten (510) trading days immediately preceding the Conversion Date as quoted by Bloomberg, LP (the "Market Conversion PricePricx"). The Xxx Fixed Conversion Price and the Market Conversion Price are collectively referred to as the "Conversion Price." The Conversion Price may be adjusted pursuant to the other terms of this Debenture.the

Appears in 1 contract

Samples: Americana Publishing Inc

Conversion Price and Adjustments to Conversion Price. (i) The Holder shall be entitled to convert, at its sole option, at any time a portion or all amounts of principal and interest due and outstanding under this Debenture into shares of the Obligor's Common Stock at the lesser of (i) at a price equal to $1.00 0.0132 ( the "Fixed Conversion Price") or (ii) eighty five percent (8085%) of the lowest Closing Bid Volume Weighted Average Price of the Common Stock during the five thirty (530) trading days immediately preceding the Conversion Date as quoted by Bloomberg, LP (the "Market Conversion Price"). The Fixed Conversion Price Conversxxx Xxxxx and the Market Conversion Price are collectively referred to as the "Conversion Price." The Conversion Price may be adjusted pursuant to the other terms of this Debenture.

Appears in 1 contract

Samples: Syndication Net Com Inc

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