Conversion Discount definition

Conversion Discount means either 80% if the closing of the Qualified Financing occurs on or prior to March 1, 2017, or 70% if the closing of the Qualified Financing occurs after March 1, 2017.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Conversion Discount means 0.80.

Conversion Discount means 8.0%.

Examples of Conversion Discount in a sentence

At and effective upon the closing of a Financing Event (a “Conversion Event”) prior to the Maturity Date, it is mandatory that all of the Principal Amount of this Note be automatically converted into such number of fully paid and non-assessable Conversion Shares (as defined below) as is equal to (x) the outstanding amount of this Note divided by (y) the then applicable Note Conversion Price (as defined below) times the applicable Conversion Discount (as defined below).
Upon the closing of such Qualified Financing, all then outstanding principal on each Instrument shall automatically convert into that number of shares of capital stock issued in such Qualified Financing (the “Qualified Financing Securities”) equal to the quotient obtained by dividing (i) the outstanding principal amount of such Instrument by (ii) the lower of (x) the Conversion Discount Price (as defined below), or (y) the Capped Price (as defined below).
If the Conversion Event occurs on or before 3 months from the Original Note Issuance Date, there shall be no Conversion Discount.
If Client should choose to transfer a Preference Personnel associate to another staffing service, a fee per associate in accordance with the Direct Placement Fee Schedule and Associate Assignment Conversion Discount plus a $2,000 liquidated damages fee per associate will be owed to Preference Personnel.
The Repriced Converts shall be convertible into Common Stock of the Designated Acquiring Person that is a Public Company at an initial conversion price (subject to adjustment as provided in the Repriced Converts Indenture or the Repriced Converts Certificate of Designations) per share of Common Stock of such Designated Acquiring Person at a price equal to the Market Valuation thereof on the date of the Change of Control, multiplied by the difference between one (1) minus the Conversion Discount Percentage.

More Definitions of Conversion Discount

Conversion Discount means 10%.

Conversion Discount means 2%, unless each Sustainability Performance Target has been met as at the applicable SPT Test Date, in which case the Conversion Discount will be 1%;

Conversion Discount. Lesser of: (i) A fixed price determined to be 115% of the closing bid price of the common shares on the Closing date; or (ii) 30% discount off the average of the previous 5 day closing bid price prior to conversion.

Conversion Discount has the meaning ascribed to it in Section 5.1 hereof;

Conversion Discount means 5%, as adjusted in accordance with clause 6.10;

Conversion Discount means the discount applied to the latest pre-money valuation, expressed in per cent., when determining the number of shares received by the Lender upon conversion of the Loan..

Conversion Discount means the conversion discount to be applied to the Outstanding Amount to be set out in the ASX Announcement, with such discount being not more than 50% of the aggregate Outstanding Amount.