Initial Conversion Price Sample Clauses

Initial Conversion Price. The “Conversion Price” shall mean the applicable conversion price for the respective Preferred Share to convert into Common Share(s) at the option of the holder thereof or automatically pursuant to Article 6A(iii)(4)(a) or Article 6A(iii)(4)(b), as the case may be. The Conversion Price for the Class A Preferred Shares, the Series A Preferred Shares, the Series B Preferred Shares, the Series C Preferred Shares, the Series D Preferred Shares and the Series E Preferred Shares shall initially be the Original Class A Issue Price, the Original Series A Preferred Issue Price, the Original Series B Preferred Issue Price, the Original Series C Preferred Issue Price, the Original Series D Preferred Issue Price and the Original Series E Preferred Issue Price, respectively, and each shall be adjusted from time to time as provided below in Article 6A(iii)(4)(e). For the avoidance of doubt, the initial conversion ratio for each Preferred Share to Common Share(s) shall be 1:1, subject to adjustment from time to time of the Conversion Price as provided below in Article 6A(iii)(4)(e).
Initial Conversion Price. The Conversion Price on the date of original issue of this Note is $0.20.
Initial Conversion Price. The “Series A-1 Conversion Price” shall initially equal the Original Series A-1 Issue Price, the “Series A-2 Conversion Price” shall initially equal the Original Series A-2 Issue Price, the “Series A-3 Conversion Price” shall initially equal the Original Series A-3 Issue Price, the “Series B Conversion Price” shall initially equal the Original Series B Issue Price, the “Series C Conversion Price” shall initially equal the Original Series C Issue Price and the “Series D Conversion Price” shall initially equal the Original Series D Issue Price, each of which shall be adjusted from time to time as provided below in Clause 9(d)(v).
Initial Conversion Price. The Note shall be convertible at the rate of one share of common stock for each $16.10 of principal converted.
Initial Conversion Price. The “Series A Conversion Price” shall initially equal the Original Series A Issue Price, and shall be adjusted from time to time as provided below in Section 4(e) of Schedule A.
Initial Conversion Price. 4 Interest...................................................................4
Initial Conversion Price. Subject to adjustments pursuant to Sections 5 and 7, this Debenture will have a conversion price (the "Conversion Price") equal to 90.0% of the average of the Closing Bid Price for each of the five (5) Trading Days immediately following, but not including, the Closing Date (such five (5) Trading Day average being referred to as the "Closing Price"). The Holder shall deliver a notice to the Company on the sixth Trading Day immediately following the Closing Date setting forth the calculation of the Conversion Price, which calculation shall be binding upon the Company absent manifest error in such calculation.
Initial Conversion Price. Subject to the provisions of Section 1.5 below, the "CONVERSION PRICE" shall initially equal {{ConvPrice}} (the "INITIAL CONVERSION PRICE"), which represents either a negotiated price or one hundred and fifteen percent (115%) of the Market Price, as defined herein, determined on the date of this Debenture (subject to equitable adjustments for stock splits, stock dividends or rights offerings by the Borrower relating to the Borrower's securities or the securities of any subsidiary of the Borrower, combinations, recapitalization, reclassifications, extraordinary distributions and similar events).
Initial Conversion Price. Until and unless it shall be changed in accordance with a subsequent provision in this Section 2(e), the Conversion Price for the Common Stock shall be a price per share (A) mutually agreed by the parties, or (B) if a price is not mutually agreed, equal to the Closing Bid Price of a share of Common Stock on the Trading Day immediately preceding the date of the Tranche Notice pursuant to which the applicable Preferred Stock or Debenture that converted into such Common Stock was originally issued.