Conversion Prices. The conversion price for the Series A Preferred shall initially be the Series A Original Issue Price (the "Series A Conversion Price"). The conversion price for the Series B Preferred shall initially be the Series B Original Issue Price (the "Series B Conversion Price"). The conversion price for the Series B-1 Preferred shall initially be the Series B-1 Original Issue Price (the "Series B-1 Conversion Price"). The initial Series A, Series B and Series B-1 Conversion Prices shall be adjusted from time to time in accordance with this Section 4. All references to the Series A, Series B and Series B-1 Conversion Prices herein shall mean the Series A, Series B and Series B-1 Conversion Prices as so adjusted.
Appears in 2 contracts
Sources: Series B 1 Preferred Stock Purchase Agreement (Cytel Corp/De), Series B Preferred Stock Purchase Agreement (Cytel Corp/De)