Common use of Fixed Conversion Price Clause in Contracts

Fixed Conversion Price. For purposes hereof, subject to Section 3.5 hereof, the initial “Fixed Conversion Price” means $ ____ [103% of the average of the closing price of the Common Stock for the ten (10) trading days immediately prior to the date hereof provided that the Fixed Conversion Price shall not exceed 110% of the closing price of the Common Stock on the trading day immediately preceding the Closing Date]0.62.

Appears in 1 contract

Sources: Secured Convertible Note (Conversion Services International Inc)

Fixed Conversion Price. For purposes hereof, subject to Section 3.5 hereof, the initial “"Fixed Conversion Price" means $ ____ [1.47 (103% of the average of the closing price of the Common Stock for the ten five (105) trading days immediately prior to the date hereof provided that the Fixed Conversion Price shall not exceed 110% of the closing price of the Common Stock on the trading day immediately preceding the Closing Date]0.62hereof).

Appears in 1 contract

Sources: Secured Convertible Minimum Borrowing Note (Inyx Inc)

Fixed Conversion Price. For purposes hereof, subject to Section 3.5 hereof, the initial “Fixed Conversion Price” means $ ____ [103$0.28 (105% of the average of the closing price of the Common Stock for the ten (10) trading days immediately prior to the date hereof provided that the Fixed Conversion Price shall not exceed 110% of the closing price of the Common Stock on the trading day immediately preceding the Closing Date]0.62hereof).

Appears in 1 contract

Sources: Secured Convertible Note (DSL Net Inc)

Fixed Conversion Price. For purposes hereof, subject to Section 3.5 hereof, the initial “Fixed Conversion Price” "FIXED CONVERSION PRICE" means $ ____ [103(105% of the average of the closing price of the Common Stock for the ten (10) trading days immediately prior to the date hereof provided that the Fixed Conversion Price shall not exceed 110% of the closing price of the Common Stock on the trading day immediately preceding the Closing Date]0.62hereof).

Appears in 1 contract

Sources: Secured Convertible Minimum Borrowing Note (Global Payment Technologies Inc)

Fixed Conversion Price. For purposes hereof, subject to Section 3.5 hereof, the initial “"Fixed Conversion Price" means $ ____ [103$1.88 (105% of the average of the closing price of the Common Stock for the ten (10) trading days immediately prior to the date hereof provided that the Fixed Conversion Price shall not exceed 110% of the closing price of the Common Stock on the trading day immediately preceding the Closing Date]0.62hereof).

Appears in 1 contract

Sources: Secured Convertible Note (Home Solutions of America Inc)