Conversion Price Floor definition

Conversion Price Floor means the amount, in dollars, determined by multiplying (i) the Conversion Price by (ii) twenty percent (20%).

Conversion Price Floor means (i) on or prior to that date which is two hundred ten (210) days after the Closing Date, $6.00, and (ii) after that date which is two hundred ten (210) days after the Closing Date, the lower of (a) $6.00 and (b) the product of (.65) and the Conversion Price Ceiling, and shall be subject to adjustment as provided herein.

Conversion Price Floor means the amount, in dollars, determined by multiplying (i) the Initial Conversion Price by (ii) thirty percent (30%).

Examples of Conversion Price Floor in a sentence

• Provided however, the Company shall not issue any shares of common stock below the Conversion Price Floor without the consent of the Holders of a majority of the outstanding Series AA-2 Preferred Stock voting as a separate class.

• If, on the Second Anniversary, the Five-Day Adjustment VWAP is an amount that is less than the then effective Conversion Price, then the Conversion Price in effect immediately prior the Second Anniversary shall be adjusted so that the Conversion Price shall equal the Five-Day Adjustment VWAP, subject to the Conversion Price Floor.

• If, on the Second Anniversary, the Five-Day Adjustment VWAP is an amount that is less than the then effective Conversion Price, then the Conversion Price in effect immediately prior the Second Anniversary shall be adjusted so that the Conversion Price shall equal the Five- Day Adjustment VWAP, subject to the Conversion Price Floor.

• Provided however, the Company shall not issue any shares of common stock below the Conversion Price Floor without the consent of the Holders of a majority of the outstanding Series AA-3 Preferred Stock voting as a separate class.

More Definitions of Conversion Price Floor

Conversion Price Floor shall be set at $0.08 (the “Floor”).

Conversion Price Floor means $0.20 per share of Common Stock.

Conversion Price Floor means, prior to effectiveness of Shareholder Approval, $0.20 (as adjusted for stock splits, stock dividends, stock combinations, recapitalizations or other similar transactions following the sale of this Note), and thereafter, $0.15 (as adjusted for stock splits, stock dividends, stock combinations, recapitalizations or other similar transactions following the sale of this Note).

Conversion Price Floor means $10.875 per share of Common Stock, subject to adjustment as set forth in Section 6.1.

Conversion Price Floor of the Preferred Stock means $1.635.

Conversion Price Floor has the meaning set forth in Schedule 11.01.

Conversion Price Floor means $0.05.