Current Conversion Price Clause Samples
The "Current Conversion Price" clause defines the price at which convertible securities, such as convertible notes or preferred shares, can be converted into common stock at a given point in time. This price is typically determined by the terms of the agreement and may be subject to adjustments based on events like stock splits, dividends, or subsequent financing rounds. By establishing a clear and adjustable conversion price, the clause ensures transparency for both investors and the company, helping to prevent disputes and allocate risk fairly in the event of conversion.
Current Conversion Price. The term “Current Conversion Price” means the Conversion Price
Current Conversion Price. The term "conversion price" shall mean ------------------------ ---------------- initially $25.03 per Share, subject to adjustment as set forth in Section 6.4 hereof. The term "current conversion price" as used herein shall mean the ------------------------ conversion price, as the same may be adjusted from time to time as hereinafter provided, in effect at any given time. In determining the current conversion price, the result shall be expressed to the nearest $0.0001, but any such lesser amount shall be carried forward and shall be considered at the time of (and together with) the next subsequent adjustment which, together with any adjustments to be carried forward, shall amount to $0.0001 per Share or more.
Current Conversion Price. The term "Conversion Price" as it applies to the Temporary Loan Note shall mean initially $3.00 per Share, subject to adjustment as set forth in SECTION 3.4 thereof.
Current Conversion Price. The term “conversion price” shall mean $0.612 per Share, subject to adjustment. For purposes of this Section 4(d), the conversion price of $0.612 shall be deemed to have become effective at the close of business on the date hereof but shall be subject to adjustment as set forth in Section 4(e) hereof. The term “current conversion price” as used herein shall mean the conversion price, as the same may be adjusted from time to time as hereinafter provided, in effect at any given time. In determining the current conversion price, the result shall be expressed to the nearest $0.01, but any such lesser amount shall be carried forward and shall be considered at the time of and together with the next subsequent adjustment which, together with any adjustments to be carried forward, amount to $0.01 per Share or more.
Current Conversion Price. The term “conversion price” shall mean $0.612 per share of Common Stock as of the date hereof, but shall be subject to adjustment as set forth in Section 4(e) hereof. The term “current conversion price” as used herein shall mean the conversion price, as the same may be adjusted from time to time as hereinafter provided, in effect at any given time. In determining the current conversion price, the result shall be expressed to the nearest $0.01, but any such lesser amount shall be carried forward and shall be considered at the time of and together with the next subsequent adjustment which, together with any adjustments to be carried forward, amount to $0.01 per share of Common Stock or more.
Current Conversion Price. The term "Conversion Price" shall mean initially $5.80 per Share, subject to adjustment as set forth in Section 3.4 hereof. The term "Current Conversion Price" as used herein shall mean the Conversion Price, as the same may be adjusted from time to time as hereinafter provided, in effect at any given time. In determining the Current Conversion Price, the result shall be expressed to the nearest $0.01 but any such lesser amount shall be carried forward and shall be considered at the time of (and together with) the next subsequent adjustment which, together with any adjustments to be carried forward, shall amount to $0.01 per Share or more.