Alternative Conversion Price definition

Alternative Conversion Price means 50% of the lowest traded price of the Common Stock in the twenty (20) Trading Days prior to the Conversion Date.

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Alternative Conversion Price shall have the meaning set forth in Section 6(b).

Alternative Conversion Price means the lower of (i) the Conversion Price, as adjusted, or (ii) 80% of the lowest daily VWAP in the 10 Trading Days immediately preceding the applicable Conversion Date, provided, however, that if any Alternative Conversion Price under this definition results in a fractional amount, the fractional amount shall be rounded down to the nearest whole cent.

Examples of Alternative Conversion Price in a sentence

For avoidance of doubt, all references in this Note to the Fixed Conversion Price or any other Conversion Price including the Alternative Conversion Price shall be construed to include adjustments as provided in this Note.
Notwithstanding the foregoing, at any time when an Event of Default has occurred and is continuing without cure after any cure period provided for in the Purchase Agreement or the Company shall have failed to meet the Equity Conditions and while such failure is continuing, the Holder may convert this Note at the Alternative Conversion Price.
Upon the failure of the Maker to cure an Event of Default within the time permitted by this Note, or if the Event of Default is not capable of being cured, the remedies provided in this Note including the use of the Alternative Conversion Price shall continue and not be affected by any cure.

More Definitions of Alternative Conversion Price

Alternative Conversion Price shall have the meaning defined in the Notes.

Alternative Conversion Price means US $0.60 (sixty cents US), which price shall be adjusted for any stock split (reverse or forward), stock dividend, combination, or other recapitalization or reclassification of the Common Stock effected after the date hereof but prior to the repayment or conversion of the Note in accordance with the terms hereof; provided, that if Payee reasonably believes that the fair market value per share of the Common Stock as of the applicable date of determination is less than US $0.60 (sixty cents US), then Payee shall have the right to require a Fair Valuation of the Company’s Common Stock and the price resulting from such Fair Valuation shall be the “Alternative Conversion Price”.

Alternative Conversion Price means 93% of the lowest daily VWAP in the 10 Trading Days immediately preceding the applicable Conversion Date, provided, however, that if an Event of Default has occurred, “93%” shall be replaced with “80%” for all purposes of this definition and Note, and provided further, that if any Alternative Conversion Price under this definition results in a fractional amount, the fractional amount shall be rounded down to the nearest whole cent.

Alternative Conversion Price means the Conversion Price as adjusted pursuant to Section 3.3(e).

Alternative Conversion Price means the lower of (i) the Conversion Price, as adjusted, or (ii) 60% of the lowest daily VWAP in the 10 Trading Days immediately preceding the applicable Conversion Date, subject to any adjustments contained in this Note. All such Conversion Price determinations are to be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or similar transaction that proportionately decreases or increases the Common Stock.

Alternative Conversion Price means 50% of the lowest traded price in the twenty (20) days prior to the Conversion Date.

Alternative Conversion Price means 90% of the lowest daily VWAP in the 10 Trading Days immediately preceding the applicable Conversion Date, provided, however, that if any Alternative Conversion Price under this definition results in a fractional amount, the fractional amount shall be rounded down to the nearest whole cent.