Definition of Term Loan B Conversion Price


Term Loan B Conversion Price means $0.0743, provided that, if at any time while this Agreement is outstanding the common Capital Stock of the Parent Borrower is subdivided or combined the "Term Loan B Conversion Price" shall be proportionately adjusted.

Examples of Term Loan B Conversion Price in a sentence

The determination of the number of shares of common Capital Stock of Parent Borrower to be issued and delivered to Lender or its designee as provided herein shall initially be calculated by Lender and identified in such Term Loan B Conversion Notice as follows: (i) the Converted Debt Amount identified by Lender in such Term Loan B Conversion Notice to be converted into common Capital Stock of Parent Borrower, divided by (ii) the Term Loan B Conversion Price.