Common use of Conversion Rate Clause in Contracts

Conversion Rate. The number of shares of the Common Stock into which each share of the Series C Preferred Stock is convertible into shall be calculated by dividing the Stated Value by $0.22 (as adjusted from time to time pursuant hereto, the "Conversion Price"; the conversion rate so calculated, the "Conversion Rate"), subject to adjustment as set forth in Section 2(e) hereof.

Appears in 2 contracts

Sources: Securities Purchase Agreement (Tangible Asset Galleries Inc), Securities Purchase Agreement (Tangible Asset Galleries Inc)

Conversion Rate. The Each share of the Series B Preferred Stock is convertible into the number of shares of the Common Stock into which each share of the Series C Preferred Stock is convertible into shall be calculated by dividing the Stated Value by $0.22 0.10 (as adjusted from time to time pursuant hereto, the "Conversion Price"; the conversion rate so calculated, the "Conversion Rate"), subject to adjustment adjustments as set forth in Section 2(e) hereof.

Appears in 2 contracts

Sources: Securities Purchase Agreement (Tangible Asset Galleries Inc), Securities Purchase Agreement (Tangible Asset Galleries Inc)

Conversion Rate. The Each share of the Series B Preferred Stock is convertible into the number of shares of the Common Stock into which each share of the Series C Preferred Stock is convertible into as shall be calculated by dividing the Stated Value by $0.22 2.00 (as adjusted from time to time pursuant hereto, the "Conversion Price"; the conversion rate so calculated, the "Conversion Rate"), subject to adjustment adjustments as set forth in Section 2(e) hereof.

Appears in 2 contracts

Sources: Preferred Stock Purchase Agreement (Datrek Miller International, Inc.), Preferred Stock Purchase Agreement (Datrek Miller International, Inc.)

Conversion Rate. The number of shares of the Common Stock into which each Each share of the Series C Preferred Stock is convertible into the number of shares of the Common Stock as shall be calculated by dividing the Stated Value by $0.22 2.00 (as adjusted from time to time pursuant hereto, the "Conversion Price"; the conversion rate so calculated, the "Conversion Rate"), subject to adjustment adjustments as set forth in Section 2(e) hereof.

Appears in 1 contract

Sources: Preferred Stock Purchase Agreement (Health Systems Solutions Inc)

Conversion Rate. The number of shares of the Common Stock into which each Each share of the Series C Preferred Stock is convertible into the number of shares of the Common Stock as shall be calculated by dividing the Stated Value by $0.22 4.00 (as adjusted from time to time pursuant hereto, the "Conversion Price"; the conversion rate so calculated, the "Conversion Rate"), subject to adjustment adjustments as set forth in Section 2(e) hereof.

Appears in 1 contract

Sources: Preferred Stock Purchase Agreement (Forefront Holdings, Inc.)

Conversion Rate. The Each share of the Series D Preferred Stock is convertible into the number of shares of the Common Stock into which each share of the Series C Preferred Stock is convertible into shall be calculated by dividing the Stated Value by $0.22 0.06 (as adjusted from time to time pursuant hereto, the "Conversion Price"; the conversion rate so calculated, the "Conversion Rate"), subject to adjustment adjustments as set forth in Section 2(e) hereof.

Appears in 1 contract

Sources: Securities Purchase Agreement (Tangible Asset Galleries Inc)

Conversion Rate. The Each share of the Series B Preferred Stock is convertible into the number of shares of the Common Stock into which each share of the Series C Preferred Stock is convertible into as shall be calculated by dividing the Stated Value by $0.22 6.75 (as adjusted from time to time pursuant hereto, the "Conversion Price"; the conversion rate so calculated, the "Conversion Rate"), subject to adjustment adjustments as set forth in Section 2(e1(a)(v) hereof.

Appears in 1 contract

Sources: Preferred Stock Purchase Agreement (Elandia International Inc.)

Conversion Rate. The Each share of the Series D Preferred Stock is convertible into the number of shares of the Common Stock into which each share of the Series C Preferred Stock is convertible into as shall be calculated by dividing the Stated Value by $0.22 4.00 (as adjusted from time to time pursuant hereto, the "Conversion Price"; the conversion rate so calculated, the "Conversion Rate"), subject to adjustment adjustments as set forth in Section 2(e) hereof.

Appears in 1 contract

Sources: Preferred Stock Purchase Agreement (Health Systems Solutions Inc)