Round Price definition
Examples of Round Price in a sentence
In the event that a New Issuance is made at a Down Round Price and includes both equity securities and rights to acquire additional securities (whether in the form of warrants, options or other rights) (the “Rights”), then as part of any full ratchet adjustment the Company shall also include, within the Holder’s Down Round Issuances, that number of Rights which Holder would have acquired had it participated in the New Issuance.
If the Class of Stock is Series B Preferred then $1.20 per share, but if the Class of Stock is Next Round Stock then the Next Round Price.
Only in case Schedule 2 is received by Terminal Operator before the Opening of Round 1, the best and final offer mentioned in Schedule 2 shall be considered as Participant’s Bid Quantity to the different Rounds until the Round Price is higher than Participant’s Bid Price defined in Schedule 2.
In the event the outstanding principal balance of the Loan is greater than $100,000.00 at the time such failure shall occur, the Company agrees to issue additional Warrant Coverage to Holder (in accordance with the foregoing terms) equal to $25,000.00 at an Initial Exercise Price equal to the Series D Round Price; provided, however, that if for any reason the Series D Round does not close on or before August 31, 1998, the Initial Exercise Price shall be that of the Series C Round Price.
Series B Preferred; provided that if a Next Round occurs and the Next Round Price (as defined below) is less than the Warrant Price, this Warrant shall, instead, to the extent not previously exercised, automatically be exercisable for Next Round Stock at the Next Round Price.
The Exercise Price shall be defined as the lesser of (i) the average of $1.00 per share (the "Last Round Price") and the price per share paid in the Next Round or (ii) the price per share based on a Forty-Five Million Dollar Pre-Money Valuation Price (the "Exercise Price").
The annual rental shall be fixed by the Lessor on the basis of the annual frequency charge and the Round Price, and such that the annual rental corresponds to a geographically proportional share considering the amount of frequencies included in the Contract.
Effective immediately upon the initial closing of the Next Round, automatically and without the requirement for further action by any Person: (a) the Warrant Price shall be adjusted to equal the Next Round Price, (b) the series and class of Shares for which this Warrant is exercisable shall be changed from the Initial Class to the Next Round Class, and (c) the number of Shares for which this Warrant is exercisable shall be adjusted to the Adjusted Number of Shares.
The "Next Round Price" means the price per share at which the next bona fide issuance of preferred stock of Borrower is made in an offering in which not less than $5,000,000 is raised by Borrower (the "Next Round").
As used herein, the term "Designated Price" means the average of the Next Round Price (as defined herein) and the Last Round Price (as defined herein); provided, however, that that if the Next Round does not occur by August 31, 2001, or if an Acquisition (as defined in the Warrant) occurs on or before August 31, 2001, the Designated Price shall be the Last Round Price.