Discounted Conversion Price definition

Discounted Conversion Price means the price per share equal to the lower of (i) the price obtained by dividing (A) the Maximum Conversion Price by (B) the Company’s Fully Diluted Capitalization as of immediately prior to a Qualified Equity Financing; and (ii) the price per share paid by the other purchasers of Preferred Stock in such Qualified Equity Financing multiplied by the Discount Rate.
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Discounted Conversion Price means if the Note is converted in connection with an Acquisition (as defined below) or Equity Round, the lesser of: (i) the lowest price per share to be paid for the same securities of the Company issued to any third party or parties in such transaction (not including holders of the current series of Notes in connection with the conversion thereof) if an Equity Round, or sold (or to be distributed as a result of sale of assets) to the third party or parties in such transaction if an Acquisition, multiplied by 66.666%; and (ii) a price per share of US$0.680056, calculated in accordance with the valuation of the Company being US$13,333,333.
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Discounted Conversion Price means the amount of claims actually exchanged or released by third parties for each share of Common Stock. The issuance of Common Stock Equivalents shall be deemed to have occurred at the time of the issuance of the Common Stock Equivalents and the Discounted Conversion Price covered thereby shall also include the actual exercise or conversion price thereof at the time of the conversion or exercise (in addition to the amount of indebtedness of the Company exchanged or released per share of Common Stock underlying the Common Stock Equivalents received by the Company upon such issuance of the Common Stock Equivalents).
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Examples of Discounted Conversion Price in a sentence

  • The total number of shares issuable upon such conversion shall be determined by dividing (i) the Investment Amount by (ii) the Discounted Conversion Price (the “Total Number of Shares”).

  • The Discounted Conversion Price shall be calculated using the following formula: A= B (1 + C) Where A= Discounted Conversion Price B= the Base Financing Price per Share C= the Percentage Discount.

  • The Option shall have an exercise price per Ordinary Share equal to the Discounted Conversion Price.

  • The number of Conversion Shares to be issued upon mandatory conversion of this Note pursuant to Section 3(a) shall equal to (i) the unpaid Principal Amount outstanding under this Note plus all accrued and unpaid interest thereon on the conversion date, divided by (ii) the Discounted Conversion Price.

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  • Assuming that the S$333,000,000 in aggregate principal amount of Series B Convertible Bonds is fully converted at the Series B Discounted Conversion Price (as defined below) of S$0.2487 per Series B Conversion Share, 1,338,962,605 Series B Conversion Shares will be issued and allotted by the Company to the Series B Bondholders pursuant to the Proposed Bonds Issue.

  • The total number of shares issuable upon such conversion shall be determined by dividing the Total Loan Amount by the Discounted Conversion Price (the “Total Number of Shares”).

  • The Appeals Division may order a pre-hearing conference in its discretion.

  • In the case of any Subsequent Financing involving an “MFN Transaction” (as defined below), the Discounted Conversion Price shall be deemed to be the lowest adjustment price.

  • In that regard, a "sufficient number of shares" with respect to the Preferred Shares shall be deemed to be equal to such number of Conversion Shares issuable upon conversion of the Preferred Shares if the Discounted Conversion Price (as defined in the Certificate of Designation) were fifty percent (50%) of the Discounted Conversion Price then in effect.


More Definitions of Discounted Conversion Price

Discounted Conversion Price means the lowest price per share to be paid for the Company’s Ordinary Shares issued to any third party or parties in such transaction (not including holders of the current series of Notes in connection with the conversion thereof), multiplied by 39.5%.
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Discounted Conversion Price means the price per share equal to the lower of (i) a $20,000,000 valuation cap (obtained by dividing $20,000,000 by the Company’s Fully Diluted Capitalization) (the “Maximum Conversion Price”); and (ii) 71.43% of the price per Unit paid by the other purchasers in a Qualified Equity Financing.
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Discounted Conversion Price means the product of the Discounted Purchase Price Fraction (as defined below) multiplied by the Lowest Available Conversion Amount (as defined below). The term “Discounted Purchase Price Fraction” shall mean a fraction, the numerator of which is the Discounted Purchase Price (as defined below) and the denominator of which is the Outstanding Indebtedness Sold (as defined below). The term “Lowest Available Conversion Amount” shall mean, on any date, the lowest conversion or exercise price, as applicable, available to the purchaser of the Discounted Indebtedness provided under any agreement, document and/or instrument evidencing such Discounted Indebtedness. The term “Discounted Purchase Price” shall mean (A) in respect of indebtedness of the Company sold, the actual price paid by the purchaser to the Existing Creditor for the Discounted Indebtedness, or (B) in respect of preferred stock of the Company sold, the actual price paid by the purchaser to the Existing Creditor for one share of such preferred stock sold. The term “Outstanding Indebtedness Sold” shall mean (x) in respect of indebtedness of the Company sold, the sum of all outstanding principal and interest actually due and owing in respect of the Discounted Indebtedness on the date of such sale, or (y) in respect of preferred stock of the Company sold, the stated value of one share of such preferred stock sold.
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Discounted Conversion Price shall equal 80% of the New Purchase Price.
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Related to Discounted Conversion Price

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

  • 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:

  • Interest Conversion Price means, with respect to any Interest Date, that price which shall be computed as 100.0% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the ten (10) consecutive Trading Days immediately preceding the applicable Interest Date (each, an “Interest Measuring Period”). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during such period.

  • Applicable Conversion Price means the Conversion Price in effect at any given time.

  • Variable Conversion Price means the lesser of (i) the Conversion Price or (ii) 25% multiplied by the Market Price (as defined herein) (representing a discount rate of 75%). “Market Price” means the average of the lowest three (3) Trading Prices (as defined below) for the Common Stock during the ten (10) Trading Day period ending on the latest complete Trading Day prior to the Conversion Date. “Trading Price” means, for any security as of any date, the closing bid price on the Over-the-Counter Market, or applicable trading market (the “OTCQB”) as reported by a reliable reporting service (“Reporting Service”) designated by the Holder (i.e. Bloomberg) or, if the OTCQB is not the principal trading market for such security, the closing bid price of such security on the principal securities exchange or trading market where such security is listed or traded or, if no closing bid price of such security is available in any of the foregoing manners, the average of the closing bid prices of any market makers for such security that are listed in the “pink sheets” by the National Quotation Bureau, Inc. If the Trading Price cannot be calculated for such security on such date in the manner provided above, the Trading Price shall be the fair market value as mutually determined by the Borrower and the holders of a majority in interest of the Notes being converted for which the calculation of the Trading Price is required in order to determine the Conversion Price of such Notes. “Trading Day” shall mean any day on which the Common Stock is tradable for any period on the OTCQB, or on the principal securities exchange or other securities market on which the Common Stock is then being traded, provided, however, that at no time, notwithstanding the occurrence of an Event of Default, may the Conversion Price be less than par value of Common Stock.

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

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

  • Initial Conversion Price has the meaning specified in Section 13.01.

  • 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.

  • 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.

  • 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.

  • Applicable Conversion Rate means the Conversion Rate in effect at any given time.

  • Interest Conversion Rate means the lesser of (a) the Conversion Price or (b) 90% of the lesser of (i) the average of the VWAPs for the 20 consecutive Trading Days ending on the Trading Day that is immediately prior to the applicable Interest Payment Date or (ii) the average of the VWAPs for the 20 consecutive Trading Days ending on the Trading Day that is immediately prior to the date the applicable Interest Conversion Shares are issued and delivered if such delivery is after the Interest Payment Date.

  • Alternate Conversion Price means, with respect to any Alternate Conversion that price which shall be the lowest of (i) the applicable Conversion Price as in effect on the applicable Conversion Date of the applicable Alternate Conversion, (ii) 70% of the lowest Closing Sale Price of the Common Stock during the twenty (20) consecutive Trading Day period ending and including the date of delivery or deemed delivery of the applicable Conversion Notice (such period, the “Alternate Conversion Measuring Period”). All such determinations to be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or similar transaction that proportionately decreases or increases the Common Stock during such Alternate Conversion Measuring Period.

  • Forced Conversion Amount means the sum of (i) 100% of the aggregate Stated Value then outstanding, (ii) accrued but unpaid dividends and (iii) all liquidated damages and other amounts due in respect of the Series B Preferred Stock.

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

  • Conversion Value means, with respect to Convertible Capital Appreciation Bonds, the Accreted Value as of the Conversion Date.

  • Daily Conversion Value means, for each of the 40 consecutive Trading Days during the relevant Observation Period, 2.5% of the product of (a) the Conversion Rate on such Trading Day and (b) the Daily VWAP on such Trading Day.

  • Conversion Amount means the sum of the Stated Value at issue.

  • Early Preference Share Redemption Amount means, subject to the provisions of the Articles and the Conditions, in respect of each Preference Share, an amount expressed in the Settlement Currency calculated by the Calculation Agent as the fair market value (calculated without taking into account the creditworthiness of the Company) of a Preference Share as of the Early Preference Share Valuation Date taking into account such factor(s) as the Calculation Agent determines appropriate, including, but not limited to, the relevant Early Preference Share Redemption Event after deducting any Associated Costs (to the extent not already reflected in such fair market value).

  • Series A Conversion Rate means, as adjusted pursuant to Section 5.8(b)(vi)(E), the number of Common Units issuable upon the conversion of each Series A Preferred Unit, which shall be the quotient of (a) the sum of (i) the Series A Issue Price, plus (ii) any Series A Unpaid Distributions on the applicable Series A Preferred Unit, plus (iii) only for purposes of the definition of “Series A COC Conversion Rate,” any Series A Partial Period Distributions on the applicable Series A Preferred Unit, divided by (b) the Series A Issue Price.

  • Prepayment Price Has the meaning specified in Section 6.02(b) of the Indenture.

  • Issuance Price means the Sales Price less the Selling Commission.

  • Final Preference Share Redemption Amount means, subject to the provisions of the Articles and the Conditions, in respect of each Preference Share, an amount expressed in the Settlement Currency determined by the Calculation Agent equal to the Notional Amount multiplied by:

  • Discount Price means the product of (i) the price per share of Capital Stock sold in an Equity Financing and (ii) 100% less the Discount.

  • Mandatory Conversion Date has the meaning set forth in Section 7(a).