Fixed Conversion Price definition

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

Fixed Conversion Price means, as of any Conversion Date (as defined below) or other date of determination, $0.0040, subject to adjustment as provided herein. All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction.

Fixed Conversion Price has the meaning given such term in the Minimum Borrowing Note.

Examples of Fixed Conversion Price in a sentence

• For purposes of any such conversion, the determination of the Fixed Conversion Price shall be appropriately adjusted to apply to such Alternate Consideration based on the amount of Alternate Consideration issuable in respect of one (1) share of Common Stock in such Fundamental Transaction, and the Company shall apportion the Fixed Conversion Price among the Alternate Consideration in a reasonable manner reflecting the relative value of any different components of the Alternate Consideration.

• Whenever the Fixed Conversion Price is adjusted pursuant to any provision of Section 5(a), the Company shall promptly deliver to each Holder a notice setting forth the Fixed Conversion Price after such adjustment and setting forth a brief statement of the facts requiring such adjustment.

• Notwithstanding anything in this Section 5 to the contrary, no adjustment pursuant to this Section 5 shall increase the Fixed Conversion Price other than proportional increases upon the occurrence of a reverse stock split in accordance with Section 5(a).

• The Fixed Conversion Price shall be rounded down to the nearest $0.01.

• The number of Conversion Shares issuable upon a conversion hereunder shall be determined by the quotient obtained by dividing the outstanding principal amount of this Note to be converted by (y) the Fixed Conversion Price.

More Definitions of Fixed Conversion Price

Fixed Conversion Price shall have the meaning ascribed to it in the Debenture.

Fixed Conversion Price means $0.53 which has been determined on the date of this Note as an amount equal to 110% of the average closing price for ten (10) trading days immediately prior to the date of this Note. .

Fixed Conversion Price has the meaning contained in Section 3.1(b)

Fixed Conversion Price means $1.13 [which has been determined on the date of this Note as an amount equal to 103% of the average closing price of the Common Stock for the ten (10) trading days immediately prior to the date of this Note; provided that the Fixed Conversion Price shall not exceed 110% of the closing price on the date immediately preceding the Closing Date]. The shares of Common Stock to be issued upon such conversion are herein referred to as the “Conversion Shares.”

Fixed Conversion Price means, as of any Conversion Date or other applicable date of determination, $5.95, subject to adjustment as provided herein.

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

Fixed Conversion Price means, as of any date of determination, $0.10, subject to adjustment as provided herein.