Market Conversion Price means, as of any Conversion Date (as defined below) or other date of determination, 80% of the lowest VWAP of the Company’s Common Stock during the 10 Trading Days immediately preceding the Conversion Date. All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction.
Market Conversion Price means that price which shall be computed as ninety five percent (95%) of the lowest Volume Weighted Average Price of the Common Stock during the thirty (30) consecutive Trading Days immediately preceding the applicable Conversion Date. All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction.
Market Conversion Price means, as of any Conversion Date (as defined below) or other date of determination, 90% of the lowest VWAP of the Company’s Common Stock during the 10 Trading Days immediately preceding the Conversion Date. All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction. In that event that the Company’s Common Stock is uplisted to the Nasdaq as the Primary Market the Market Conversion Price shall not be less than 20% of the Market Conversion Price for the first conversion hereunder (the “Nasdaq Floor Price”).
Examples of Market Conversion Price in a sentence
The Fixed Conversion Price and the Market Conversion Price are collectively referred to as the “Conversion Price.” The Conversion Price may be adjusted pursuant to the other terms of this Debenture.
The Fixed Conversion Price and the Market Conversion Price are collectively referred to as the "Conversion Price." The Conversion Price may be adjusted pursuant to the other terms of this Debenture.
Furthermore, in addition to any other remedies, the Holder shall have the right (but not the obligation) to convert this Debenture at any time after (x) an Event of Default at the Market Conversion Price or (y) the Maturity Date at the Market Conversion Price.
Interest hereunder shall be paid on the Maturity Date (or sooner if upon conversion or acceleration by the Holder as provided herein) to the Holder or its assignee in whose name this Debenture is registered on the records of the Company regarding registration and transfers of Debentures at the option of the Company in cash, or, provided that the Equity Conditions are then satisfied converted into Common Stock at the Market Conversion Price on the Trading Day immediately prior to the date paid.
The number of shares of Common Stock issuable upon conversion of any Conversion Amount pursuant to this Section 4(a) shall be determined by dividing (x) such Conversion Amount by (y) the Fixed Conversion Price or (z) the Market Conversion Price, as applicable (the “Conversion Rate”).
More Definitions of Market Conversion Price
Market Conversion Price means the Seventy-Five percent (75%) of the Market Price calculated through the last trading day immediately before the date the Conversion Rights are exercised in accordance with Section 4.3.1.
Market Conversion Price means (A) with respect to Preferred Shares issued at the Tranche A Closing or the Tranche B Closing (each as defined in the Securities Purchase Agreement), (i) initially, the average Closing Bid Price for the Common Stock during the period of ten (10) Trading Days occurring immediately prior to the Initial Conversion Date times one hundred and four percent (104%)(as adjusted from time to time for the events specified in Section 5 below) and (ii) during each period of thirty (30) days (each, a "Tranche A Market Reset Period") beginning on the thirty first (31st) day following the Initial Conversion Date, the average Closing Bid Price for the Common Stock during the period of ten (10) Trading Days occurring immediately prior to the first day of such Tranche A Market Reset Period times one hundred and four percent (104%)(as adjusted from time to time for the events specified in Section 5 below)(the "Tranche A Reset Market Conversion Price") and (B) with respect to Preferred Shares issued at the Tranche C Closing (as defined in the Securities Purchase Agreement), (i) initially, the average Closing Bid Price for the Common Stock during the period of ten (10) Trading Days occurring immediately prior to the ninetieth (90th) day following the Tranche C Closing Date times one hundred and four percent (104%)(as adjusted from time to time for the events specified in Section 5 below) and (ii) during each period of thirty (30) days (each, a "Tranche C Market Reset Period") beginning on the one hundred and twenty first (121st) day following the Tranche C Closing Date, the average Closing Bid Price for the Common Stock during the period of ten (10) Trading Days occurring immediately prior to the first day of such Tranche C Market Reset Period times one hundred and four percent (104%)(as adjusted from time to time for the events specified in Section 5 below)(the "Tranche C Reset Market Conversion Price")(the Tranche A Market Reset Period and the Tranche C Market Reset Period are sometimes together referred to herein as a "Market Reset Period", and the Tranche A Reset Market Conversion Price and the Tranche C Reset Market Conversion Price are sometimes together referred to herein as a "Reset Market Conversion Price"); provided, however, that a Reset Market Conversion Price will apply to a Market Reset Period only if such price is equal to or less than the Market Conversion Price that applied during the immediately preceding period; otherwise, the Market Conversion Price th...
Market Conversion Price on any day means 101% of the average of the ----------------------- three lowest Closing Bid Prices for the Common Stock occurring during the period of ten (10) consecutive Trading Days immediately preceding (but not including) such day.
Market Conversion Price means the lower of (i) $3.875 (as adjusted from time to time for the events specified in Section 3 below) and (ii) the low Closing Bid Price for the Common Stock during the period of three (3) Trading Days occurring immediately prior to the Conversion Date (as adjusted from time to time for the events specified in Section 3 below); it being understood that in no event shall the Holder (or any person acting at the direction of the Holder) submit a bid for the Common Stock on any such Trading Day that would constitute the low Closing Bid Price for the Common Stock on such Trading Day ".
Market Conversion Price means a price equal to eighty five percent (85%) of the lowest VWAP during the 15 trading days immediately preceding the Conversion Date.
Market Conversion Price means, the Average Market Price during any four (4) consecutive trading days (the "Market Price Days") as determined by the Holder during the twenty-five (25) consecutive trading day
Market Conversion Price means, as of any Conversion Date (as defined below) or other date of determination, 90% of the lowest VWAP of the Company’s Common Stock during the 10 Trading Days immediately preceding the Conversion Date. All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction. Provided however at no time shall the Market Conversion Price be below $0.60 per share (the “Floor Price”).