Converted Balance definition

Converted Balance means the balance in a Qualifying Participant’s Account multiplied by the percentage specified by such Qualifying Participant in a Conversion Election form.
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Examples of Converted Balance in a sentence

  • At anytime or from time to time, at the option of the Holder, all or any portion of the outstanding principal amount of this Note (the “Converted Balance”), together with interest accrued thereon to the date of conversion, may be converted into that number of shares of the Company’s common stock, $0.00001 par value per share (the “Common Stock”), as is obtained by dividing the Converted Balance by $1.30 (the “Conversion Price”).

  • By way of example only, if the Total Converted Balance being converted by the Electing Purchaser is $3.5 million, the Company would be required to pay 7% of Pre-Commercial Income (2% x 3.5) to such Electing Purchaser plus a royalty of 1.75% on Net Sales of Molecular Imaging Products (0.5% x 3.5).

  • NEW CENTURY TRANSPORTATION, INC., a New Jersey Corporation By: Name: Title: Date Loan Loan1 Rate Period Date Converted Balance Made By 1 The type of Loan may be represented by “L” for LIBOR Rate Loans or “ABR” for Alternate Base Rate Loans.

  • The undersigned hereby tenders this Exchange Agreement for the exchange (the "Exchange") of the principal amount(s) currently due and outstanding (the "Converted Balance") under the Original Note(s) held by the undersigned for a Convertible Note issued in a principal amount equal to the Converted Balance.

  • The undersigned hereby tenders this Exchange Agreement for the exchange (the "Exchange") of the principal amount(s) due and payable in January and April 1998 (the Converted Balance") under the Original Note(s) held by the undersigned for a Convertible Note issued in a principal amount equal to the Converted Balance.

  • By way of example only, if the Total Converted Balance being converted by the Electing Purchaser is $3.5 million, the Company would be required to pay 7% of Pre-Commercial Income (2% x 3.5) to the Electing Purchaser plus a royalty of 1.75% on Net Sales of Molecular Imaging Products (0.5% x 3.5).

  • At anytime or from time to time, at the option of the Holder, all or any portion of the outstanding principal amount of this Note (the “Converted Balance”) may be converted into that number of shares of the Company’s common stock, $0.00001 par value per share (the “Common Stock”), as is obtained by dividing the Converted Balance by $0.55 (the “Conversion Price”).