Conversion Price definition

Conversion Price shall have the meaning set forth in Section 4(b).

Conversion Price means as of any time, $1,000, divided by the Conversion Rate as of such time.

Conversion Price shall have the meaning ascribed to such term in the Certificate of Designation.

Examples of Conversion Price in a sentence

• If there is and upon the first Equity Financing after the making of this SAFE and before the termination of this SAFE, on the initial closing of such Equity Financing, this SAFE will automatically convert into the number of Next Round Equity equal to the Purchase Amount divided by the Conversion Price.

• Principal due and interested accrued on this Note will automatically convert into shares of Common Stock, at the Conversion Price, if at any time during the Term the Company completes a Financing Event.

• Notwithstanding any provision hereof to the contrary, interest accrued under this Note shall be paid in shares of the Company’s common stock, which shall be valued at the Conversion Price.

• The outstanding principal balance and accrued interest on this Note is convertible at the option of the Holder into shares of the Company’s Common Stock at the Conversion Price prior to the Maturity Date.

More Definitions of Conversion Price

Conversion Price shall have the meaning ascribed to such term in the Debentures.

Conversion Price shall have the meaning ascribed to such term in the Notes.

Conversion Price means, as of any time, an amount equal to (A) one thousand dollars ($1,000) divided by (B) the Conversion Rate in effect at such time.

Conversion Price means, as of any Conversion Date (as defined below) or other date of determination, $1.00, subject to adjustment as provided herein.

Conversion Price means, as of any Conversion Date or other date of determination, $0.03, subject to adjustment as provided herein.

Conversion Price means as of any time, $1,000, divided by the Conversion Rate as of such time. “Conversion Rate” shall have the meaning specified in Section 14.01(a).

Conversion Price has the meaning assigned such term in the Indenture.