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

Conversion Price and Adjustments to Conversion Price. (i) The conversion price in effect on any Conversion Date shall be, at the sole option of the Holder, equal to either (a) $0.06 (the "Fixed Conversion Price") or (b) eighty percent (80%) of the lowest 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 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. Notwithstanding the restriction set for the in Section 2(b)(ii) the Holder shall have the absolute right to convert any or all of this Debenture at the Fixed Conversion Price free of such restriction.

Appears in 3 contracts

Samples: Eyi Industries Inc., Eyi Industries Inc., Eyi Industries Inc.

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Conversion Price and Adjustments to Conversion Price. (i) The conversion price in effect on any Conversion Date shall be, at the sole option of the Holder, equal to either (a) Six Cents ($0.06 0.06) (the "Fixed Conversion Price") or (b) eighty ninety percent (8090%) of the lowest Volume Weighted Average the closing Bid 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. Notwithstanding the restriction set for the in Section 2(b)(ii) the Holder shall have the absolute right to convert any or all of this Debenture at the Fixed Conversion Price free of such restriction.

Appears in 1 contract

Samples: Secured Convertible Debenture (Neomedia Technologies Inc)

Conversion Price and Adjustments to Conversion Price. (i) The conversion price in effect on any Conversion Date shall be, at the sole option of the Holder, equal to either (a) $0.06 0.216 (the "Fixed Conversion Price") or (b) eighty ninety five percent (8095%) of the lowest 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. Notwithstanding the restriction set for the in Section 2(b)(ii) the Holder shall have the absolute right to convert any or all of this Debenture at the Fixed Conversion Price free of such restriction.

Appears in 1 contract

Samples: Delek Resources, Inc.

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Conversion Price and Adjustments to Conversion Price. (i) The conversion price in effect on any Conversion Date shall be, at the sole option of the Holder, equal to either (a) $0.06 0.0662 (the "Fixed Conversion Price") or (b) eighty ninety five percent (8095%) of the lowest 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. Notwithstanding the restriction set for the in Section 2(b)(ii) the Holder shall have the absolute right to convert any or all of this Debenture at the Fixed Conversion Price free of such restriction.

Appears in 1 contract

Samples: Quintek Technologies Inc

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