Common use of Current Conversion Price Clause in Contracts

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.

Appears in 2 contracts

Sources: Purchase Agreement (Westower Corp), Purchase Agreement (Bet Associates Lp)