Examples of Alternate Price in a sentence
If an Event of Default occurs under this Note, then the Conversion Price per share with respect to the entire Note shall mean the Alternate Price.
The Holder, in Holder’s sole discretion, may at any time on or after the due date of an Amortization Payment (as defined in this Note), if the Company has not paid the applicable Amortization Payment on such due date, convert the amount of such respective Amortization Payment into shares of Common Stock at the Alternate Price (as defined in this Note).
In addition, the Adjusted Fixed Price shall decrease by 20% on the 1st of each calendar month after the date of the occurrence of an Event of Default until such Event of Default is cured (if able to be cured pursuant to the terms of this Note) or the Note is repaid in the entirety, provided, however, that the Alternate Price shall never be lower than $0.25 per share.
The Holder, in Xxxxxx’s sole discretion, may at any time on or after the due date of an Amortization Payment (as defined in this Note), if the Company has not paid the applicable Amortization Payment on such due date, convert the amount of such respective Amortization Payment into shares of Common Stock at the Alternate Price (as defined in this Note).