Conversion Share Price definition

Conversion Share Price means that amount as shall equal the Fair Market Value of each Share of Maker’s Common Stock (as determined on an as converted and fully diluted basis) as such per Share value and number of Shares of Common Stock are determined to exist as of the Conversion Exercise Date.
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Conversion Share Price means the product of (X) price at which a share of the Securities is sold in the Equity Financing multiplied by (Y) 0.8.
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Conversion Share Price means (i) for the first $500,000 converted, the product of (X) price at which a share of the Securities is sold in the Equity Financing multiplied by (Y) 0.5, and (ii) for any principal and interest converted in excess of $500,000, the product of (X) price of which a share of Securities is sold in the Equity Financing multiplied by (Y) 0.75; provided, however, that if either such product is less than $6.00 per share, such Conversion Share Price shall be deemed to be $6.00."
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Examples of Conversion Share Price in a sentence

  • No adjustment involving an increase in the Conversion Share Price will be made, except in the case of a consolidation, subdivision or reclassification of the Shares as referred to in Section 4.1.1, or to correct an error.

  • Instead of any fractional Conversion Shares that would otherwise be issuable upon conversion of this Note, Maker shall pay a cash adjustment in respect of such fractional interest in an amount equal to the product of (a) the applicable Conversion Share Price and (b) such fractional interest.

  • At any time after the date hereof, at Holder's option, the Holder may convert all or any portion of the then outstanding principal under this Convertible Note into that number of shares of Conversion Stock equal to the amount of principal which Holder elects to convert divided by the Conversion Share Price.

  • Upon each adjustment pursuant to subdivisions (a) ---------------- or (b) of this Section 3, the registered holder of this Convertible Note shall thereafter (until another such adjustment) be entitled to purchase, at the adjusted Conversion Share Price, the number of shares of the Securities, calculated to the nearest full share, obtained by recalculating the number of shares Conversion Stock pursuant to Section 1.4 hereof.

  • Conversion Share Price - the price per share on the date of the IPO.

  • In addition, all references to the Last Reported Sale Price of the ADSs will be deemed to refer to the Last Reported Sale Price of the Ordinary Shares, and other appropriate adjustments, including adjustments to the Floor Share Price, the Conversion Share Price or the Conversion Price, will be made to reflect such change.

  • Therefore when you divide the 10,000 in accrued salary by the .50 Conversion Share Price you have 20,000 shares of restricted common stock which would be issued in lieu of compensation.

  • These calculations include, but are not limited to, VWAP, the ADS Ratio, the Last Reported Sale Price of the ADSs, the Floor Price, the Floor Share Price, the Conversion Share Price, the Conversion Price, the Reference Conversion Price, the Cash Alternative Amount, the Fixed Price and any adjustment, including the determination of whether an adjustment needs to be made, under this Note.

  • Once the Conversion Share Price has been established, the Board shall not change the same through the retroactive use of another valuation method.

  • Dilutionary Effect It is not possible to state definitely what the combined dilutionary effect of the issue of Equity Securities, any Conversion Shares and any Shares issued on the exercise of any Fee Options (the Dilutionary Effect) will be, until the Relevant Number of Conversion Shares and the Conversion Share Price are determined.


More Definitions of Conversion Share Price

Conversion Share Price means the price per Common Share as declared by resolution of the Board of Directors and equal to the volume-weighted average closing price for one Common Share (converted into the United States Dollars equivalent at the prevailing rate of exchange on the date of conversion) for the eight (8) week period ending on the last trading day immediately prior to the date of conversion, based on trading (as applicable) on the Barbados Stock Exchange, the International Securities Market of the Barbados Stock Exchange and the Trinidad & Tobago Stock Exchange over such period and using such published currency conversion rates as the Board of Directors may determine;
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Conversion Share Price means the average of the Common Stock closing prices for the ten consecutive trading day period commencing upon the third trading day following the Company's public release of annual earnings for the Program Year. Any fractional shares of Common Stock will be rounded to the next full share.
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Conversion Share Price will have the meaning ascribed to such term in Section 4.1. “Current ADS Ratio” will have the meaning ascribed to such term in Section 4.1.
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Conversion Share Price means the product of (X) price at which a share of the Securities is sold in the Equity Financing multiplied by (Y) 0.5; provided, however, that if such product is less than $6.00 per share, such Conversion Share Price shall be deemed to be $6.00."
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Related to Conversion Share Price

  • Conversion Share means any share of Common Stock issued or issuable upon conversion of any Note.

  • Common Share Price means the volume weighted average closing price of the Common Stock (as reported by the Primary Exchange on which the Common Stock is then traded) for the ten (10) trading days immediately preceding the date on which the determination is made (or, if such price is not available, as determined in good faith by the Board of Directors).

  • Conversion Shares means, collectively, the shares of Common Stock issuable upon conversion of the shares of Preferred Stock in accordance with the terms hereof.

  • Per Share Price shall have the meaning set forth in Section 2.1.

  • Conversion Stock means shares of Common Stock issued upon conversion of the Preferred Stock.

  • Final Share Price for a Share means the Closing Price on the Exchange (or where such Exchange does not announce or publish a Closing Price, the last traded price, or, if necessary, the mid-market price) for that Share on the Final Valuation Date, subject to adjustments that may be made pursuant to “DESCRIPTION OF THE NOTES – Adjustments and Exceptional Circumstances”.

  • Reference Share Price means, on any day, the closing price of a Reference Share on the primary exchange on which the Reference Share is traded, as reported by such exchange, provided that if the primary exchange on which a particular Reference Share is traded is not open for trading on that day, if there is no closing price on that day or if there is a market disruption event affecting such Reference Share on that day, the closing price on the immediately preceding day on which such exchange is open for trading (and for which there is a closing price and no market disruption event) will be used, except if this occurs on the Issue Date or an Average Valuation Date, in which case the closing price on the immediately following day on which such exchange is open for trading (and for which there is a closing price and no market disruption event) will be used, up to a maximum postponement of five Business Days. If the closing of the primary exchange, the absence of a closing price or the market disruption event should last for five Business Days, the closing price of the relevant Reference Share will be a price determined on such fifth Business Day by the Calculation Agent in its sole discretion and in good faith using market-accepted practices.

  • Initial Share Price for a Share means the Closing Price on the Exchange (or where such Exchange does not announce or publish a Closing Price, the last traded price, or, if necessary, the mid-market price) for that Share on the Initial Valuation Date, subject to adjustments that may be made pursuant to “DESCRIPTION OF THE NOTES – Adjustments and Exceptional Circumstances”.

  • Interest Conversion Shares shall have the meaning set forth in Section 2(a).

  • Series B Conversion Price means, as of the applicable Conversion Date, the greater of (A) the average of the Market Values of the Common Stock for the five consecutive Trading Days preceeding (but not including) such Conversion Date, or (B) the then effective Series B Minimum Conversion Price.

  • New Conversion Price means the amount determined in accordance with the following formula, which shall apply from the QTE Effective Date: NCP = ECP * (VWAPAES / VWAPOS) where:

  • Company Conversion Price means, the lower of (i) the applicable Conversion Price and (ii) that price which shall be computed as ninety five percent (95%) of the lowest Volume Weighted Average Price of the Common Stock during the fifteen (15) consecutive Trading Days immediately preceding the applicable Installment Date. All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction.

  • Share Price means any price of the Share as published by the Exchange.

  • Warrant Share Delivery Date shall have the meaning set forth in Section 2(d)(i).

  • Per Share Purchase Price equals $1.00, subject to adjustment for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions of the Common Stock that occur after the date of this Agreement.

  • Interest Share Amount shall have the meaning set forth in Section 2(a).

  • Warrant Share Number means at any time the aggregate number of shares of Warrant Stock which may at such time be purchased upon exercise of this Warrant, after giving effect to all prior adjustments and increases to such number made or required to be made under the terms hereof.

  • Base Conversion Price shall have the meaning set forth in Section 5(b).

  • Exchange Price means as of any date, $1,000, divided by the Exchange Rate as of such date.

  • Current Warrant Price means, in respect of a share of Common Stock at any date herein specified, the price at which a share of Common Stock may be purchased pursuant to this Warrant on such date.

  • Average Share Price means the average of the closing price per share of Class A Common Stock on the New York Stock Exchange on the Friday (or if Friday is not a trading day, the last trading day before such Friday) for each week of the calendar quarter ending on the Quarter Date.

  • Common Warrant Shares means the shares of Common Stock issuable upon exercise of the Common Warrants.

  • PIPE Shares shall have the meaning given in the Recitals hereto.

  • Per Share Amount is defined in Section 1.1

  • Warrant Share means a Common Share issuable upon exercise of one Warrant;

  • Series A Conversion Price shall initially be equal to $0.71. Such initial Series A Conversion Price, and the rate at which shares of Series A Preferred Stock may be converted into shares of Common Stock, shall be subject to adjustment as provided below.