Series A Preferred Conversion Price definition

Series A Preferred Conversion Price shall have the meaning set forth in Section 2.1(c)(iii).
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Series A Preferred Conversion Price. The Series Preferred Conversion Price for the Series A-1 Preferred is sometimes hereinafter referred to as the “SeriesA-1 Preferred Conversion Price.”
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Series A Preferred Conversion Price shall initially be equal to the Series A Preferred Issue Price, and shall be subject to adjustment as provided in Section 2.1(c)(iv).
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Examples of Series A Preferred Conversion Price in a sentence

  • In the event that a waiver of adjustment of the Series A Preferred Conversion Price results in different conversion prices for different Series A Preferred Units, the Company shall maintain a ledger identifying the conversion price for each Series A Preferred Unit.

  • The Company shall, upon the written request at any time of any Series A Preferred Holder, furnish to such Series A Preferred Holder a like certificate setting forth (x) any and all adjustments made to the Series A Preferred Conversion Price since the Effective Date, (y) the Series A Preferred Conversion Price at the time in effect, and (z) the number of Common Units and the amount, if any, of other property which at the time would be received upon the conversion of Series A Preferred Units.

  • In connection with any conversion pursuant to Section 2.1(c)(i) or 2.1(c)(ii), each Series A Preferred Unit shall be convertible into that number of Common Units that is equal to the Series A Preferred Issue Price divided by the Series A Preferred Conversion Price.

  • Notwithstanding anything to the contrary, the operation of Section 2.1(c)(iv) and any adjustments made to the Series A Preferred Conversion Price pursuant thereto may be waived with respect to any specific Series A Preferred Units, either prospectively or retroactively and either generally or in a particular instance, by a writing executed by the registered Holder of such Series A Preferred Units.

  • Upon the occurrence of each adjustment of the Series A Preferred Conversion Price pursuant to Section 2.1(c)(iv), the Company at its expense shall promptly compute such adjustment and furnish to each Holder of Series A Preferred Units a certificate setting forth such adjustment and showing in detail the facts upon which such adjustment is based.

  • For purposes of this Section 2.1(c)(vii), if different Series A Preferred Units have different conversion prices as a result of a waiver pursuant to this Section 2.1(c)(vii), the Series A Preferred Conversion Price for triggering any future adjustment of the conversion price of the Series A Preferred Units that have not had such adjustment waived shall be the lowest conversion price in effect with respect to Series A Preferred Units.


More Definitions of Series A Preferred Conversion Price

Series A Preferred Conversion Price with respect to the Series A Preferred Stock shall initially be equal to the Series A Preferred Original Purchase Price and shall be subject to adjustment from time to time as follows:
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Series A Preferred Conversion Price shall initially be equal to $5.3246735. Such initial Series A Preferred Conversion Price, and the rate at which shares of Series A Preferred Stock may be converted into shares of Series A Common Stock, shall be subject to adjustment as provided below.
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Series A Preferred Conversion Price calculated as provided in Section 4(c); provided, however, that in the event of a Special Mandatory Conversion (as defined below), the Series A Preferred Conversion Rate shall be as set forth in Section 4(m)(i) below. The “Original Issue Price” of the Series A Preferred shall be $2.20 (as adjusted for any stock dividends, combinations, splits, recapitalizations and the like with respect to such shares after the filing date hereof).
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Related to Series A Preferred Conversion Price

  • 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.

  • 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.

  • 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:

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

  • 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.

  • Company Conversion Price means, the lower of (i) the applicable Conversion Price and (ii) that price which shall be computed as 90% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the twenty (20) consecutive Trading Days immediately following the applicable Installment Date (each such period, a "Company Conversion Measuring Period"). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction that proportionately decreases or increases the Common Stock the applicable such Company Conversion Measuring Period.

  • Series A Preferred means the Series A Convertible Preferred Stock of the Company, par value $0.01 per share.

  • Series A Preferred Stock means shares of the Company’s Series A Preferred Stock, par value $0.00001 per share.

  • Series A Preferred Unit means a Preferred Unit having the designations, preferences, rights, powers and duties set forth in Article XVI.

  • Series C Preferred Stock means shares of the Company’s Series C Preferred Stock, par value $0.0001 per share.

  • Series C Preferred means all shares of the Series C Preferred Stock, $0.001 par value per share, of the Company.

  • Series A Preferred Shares means the Series A Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Series C Preferred Shares means the Company’s series C preferred shares, par value US$0.00001 per share.

  • Series D Preferred Stock means shares of the Company’s Series D Preferred Stock, par value $0.00001 per share.

  • Series E Preferred Stock means the Series E Preferred Stock, par value $0.001, of the Company.

  • Series D Preferred means the Corporation's Series D Convertible Preferred Stock, par value $.002 per share.

  • Series A-1 Preferred Stock means shares of the Company’s Series A-1 Preferred Stock, par value $0.0001 per share.

  • Series F Preferred Stock means shares of the Company’s Series F Preferred Stock, par value $0.0001 per share.

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

  • Series B-2 Preferred Stock means shares of the Company’s Series B-2 Preferred Stock, par value $0.001 per share.

  • 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.

  • Series D Preferred Shares means the Company’s series D preferred shares, par value US$0.00001 per share.

  • Series E Preferred Shares means the Series E Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Series A-1 Preferred Shares means the Company’s series A-1 preferred shares, par value US$0.00001 per share.

  • Company Series A Preferred Stock means the Series A Preferred Stock, par value $0.0001 per share, of the Company.

  • Series H Preferred Stock means the Corporation's Series H Convertible Preferred Stock, par value $0.004 per share.