Conversion Floor Price definition

Conversion Floor Price means (x) with respect to the First Adjustment Date, $1.50 and (y) with respect to the Second Adjustment Date, $1.31 (in each case, as adjusted for any stock dividend, stock split, stock combination, reclassification or similar transaction occurring during the period commencing on the Subscription Date and ending on the applicable Adjustment Date).

Conversion Floor Price means a price per share of Common Stock of $1.55 as of the Closing Date, and as further adjusted pursuant to Section 7.14(e).

Conversion Floor Price means $0.234 (as adjusted for any stock dividend, stock split, stock combination, reclassification or similar transaction relating to the Common Stock occurring after the Subscription Date); provided, however, that the Conversion Floor Price shall only apply to the extent required by the Principal Market or other applicable Eligible Market.

Examples of Conversion Floor Price in a sentence

• If Borrower receives a Conversion Notice in which the Conversion Price is less than the Conversion Floor Price and elects to enforce the Conversion Floor Price, then the Lender will incur a conversion loss, which the Borrower must make whole by paying the amount of the conversion loss by cash payment, and any such cash payment must be made by the third day from the time of the Conversion Notice.

• Common Stock issued or issuable by the Company for no consideration or for consideration that cannot be determined at the time of issue will be deemed issuable or to have been issued for the Reduced Conversion Floor Price.

• For so long as any Notes are outstanding, unless or until the stockholder approval required by the Principal Market (as defined below) has been obtained, the Company shall not take any action if the effect of such action would be to cause the Conversion Price to be reduced below the Conversion Floor Price without giving effect to any Securities Limitations.

• In the event an Event of Default Conversion Floor Price Condition occurs, the Company shall deliver to the Holder, in addition to the shares of Common Stock due to the Holder upon such Event of Default Conversion, the applicable Event of Default Conversion Cash Amount to be delivered to the Holder by wire transfer of immediately available funds pursuant to wire instructions delivered to the Company by the Holder in writing.

• If the Company at any time after the Effective Date combines (by combination, reverse stock split or otherwise) its outstanding shares of Common Stock into a smaller number of shares and the Conversion Price and Conversion Floor Price in effect immediately prior to such combination will be proportionately increased.

More Definitions of Conversion Floor Price

Conversion Floor Price means $0.20.

Conversion Floor Price has the meaning specified in Section 13.09(a)(vi).

Conversion Floor Price has the meaning set forth in Section 3(e)(iv).

Conversion Floor Price means $0.25.

Conversion Floor Price means a price equal to the greater of (x) two dollars ($2.00) (adjusted for any subsequent stock splits or reverse stock splits) and (y) fifteen percent (15%) of the Market Stock Payment Price on the last day of the prior Amortization Stock Payment Period.

Conversion Floor Price. The definition of “Conversion Floor Price” set forth in the Note is hereby amended and restated in its entirety to read as follows:

Conversion Floor Price set forth in the Note is hereby amended and restated in its entirety to read as follows: