the Conversion Price Sample Clauses
The Conversion Price clause defines the specific price at which convertible securities, such as convertible notes or preferred shares, can be converted into common equity of a company. Typically, this price is set at a fixed amount per share or determined by a formula that may include discounts or valuation caps, depending on the terms of the investment. By establishing a clear method for calculating the number of shares an investor receives upon conversion, this clause ensures transparency and fairness in the conversion process, preventing disputes and aligning expectations between the company and its investors.
the Conversion Price. The Company shall not issue any fraction of a Common Share upon any conversion. All calculations under this Section (3) shall be rounded to the nearest $0.0001. If the issuance would result in the issuance of a fraction of a Common Share, the Company shall round such fraction of a Common Share up to the nearest whole share. The Company shall pay any and all transfer, stamp and similar taxes that may be payable with respect to the issuance and delivery of Common Shares upon conversion of any Conversion Amount.
the Conversion Price. The conversion provisions of the Note will remain at a Conversion Price of $.70 per share, convertible with the same terms of the Note as amended.
the Conversion Price. The unnumbered provision in the Note Agreement pertaining to “Conversion Price” is hereby amended and restated in its entirety as set forth below:
the Conversion Price. The Company shall not issue any fraction of an Ordinary Shares upon any conversion. All calculations under this Section (4) shall be rounded to the nearest US$0.0001. If the issuance would result in the issuance of a fraction of an Ordinary Shares, the Company shall round such fraction of an Ordinary Shares up to the nearest whole share. The Company shall pay any and all transfer, stamp and similar taxes that may be payable with respect to the issuance and delivery of Ordinary Shares upon conversion of any Conversion Amount, unless such tax is due because the Holder requests such Ordinary Shares to be issued in a name other than the Holder’s name (in which case such tax will be the responsibility of the Holder).
the Conversion Price. The Company shall not issue any fraction of a Common Shares upon any conversion. All calculations under this Section 4 shall be rounded to the nearest $0.0001. If the issuance would result in the issuance of a fraction of a Common Share, the Company shall round such fraction of a Common Share down to the nearest whole Common Share. The Company shall pay any and all transfer, stamp and similar taxes that may be payable with respect to the issuance and delivery of Common Shares upon conversion of any Conversion Amount, unless such taxes are due because the Holder requests such Common Shares to be issued in a name other than the Holder’s name, in which case the Holder shall pay such taxes.
the Conversion Price. The Conversion Price of HK$0.16 per Conversion Share remains unchanged, which represents:
the Conversion Price. For the purposes of this Section 2(A), conversion shall be deemed to occur on the date that the Company receives an executed copy of the Notice of Conversion attached hereto as Exhibit A. Any failure by the Holder to provide such notice shall be deemed to be an election not to convert any portion of the Holder's Outstanding Balance.
the Conversion Price. The Borrower shall deliver to IFC a check for cash in lieu of any fractional share in accordance with Section 7.02 (c) (Conversion Procedure).
the Conversion Price. The conversion provisions of the Note are amended to provide that the Note will be convertible prior to the Maturity Date at a Conversion Price of $.70 per share (which amount is more than 500% higher than the current bid price per share for the common stock on the Vancouver Stock Exchange). The provisions in Section 3(d) of the Note relating to conversion subsequent to the Maturity Date are deleted.
the Conversion Price. Each share of Series B Stock will be convertible into the number of shares of Common Stock which results from dividing the conversion price of the Series B Stock that is in effect at the time of conversion (the "Conversion Price") into the original Issue Price for such series of Preferred Stock. The initial Conversion Price of $2.00 for the Series B Stock will be the original Issue Price for such series. The Conversion Price will be subject to adjustment from time to time as provided below.