Conversion Value Sample Clauses

Conversion Value. For purposes of this Section 12 only, the ---------------- ---- Conversion Value of a share of Common Stock means:
Sample 1Sample 2See All (4)
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Conversion Value. The Conversion Value of each Series A Convertible Unit as of the Series A Convertible Unit Issue Date shall be zero. For each Initial Quarter, the Conversion Value shall be increased by an amount equal to the Conversion Value Cap less the per unit cash distribution paid with respect to each Participating Common Unit (excluding any Extraordinary Distributions) (the amount of such increase in any Initial Quarter, an “Initial Period Accretion Amount”). For each Subsequent Quarter, the Conversion Value shall be increased by an amount equal to the Conversion Value Cap less the per unit cash distribution paid with respect to each Series A Convertible Unit (excluding any Extraordinary Distributions) (the amount of such increase in any Subsequent Quarter, a “Subsequent Period Accretion Amount”). For the avoidance of doubt, the payment of an Extraordinary Distribution with respect to an Initial Quarter or Subsequent Quarter will not increase or decrease the Conversion Value of the Series A Convertible Units.
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Conversion Value. The price at which any Note may be converted into Preferred Stock (the "Preferred Stock Conversion Value") pursuant to subsection 1.10(a) shall, subject to adjustment as hereinafter provided, be three dollars and fifty cents ($3.50) in principal amount of the Note for each share of Preferred Stock. The price at which any Note may be converted into Common Stock (the "Common Stock Conversion Value") pursuant to subsection 1.10(b) shall, subject to adjustment as hereinafter provided, be one dollar ($1.00) in principal amount of the Note or in accrued and unpaid interest thereon for each share of Common Stock.
Sample 1
Conversion Value. One share of Preferred B for one share of Common Stock - Converted at the option of the Holder.
Sample 1
Conversion Value. On the occurrence of an Exercise Event the Holder will receive, without the payment by the Holder of any additional consideration, a number of fully-paid non-assessable Common Shares in respect of each Warrant held as is computed by the following formula: X = Y --- Z where: X = the number of Warrant Shares that shall be issued to the Holder; Y = $1,000; and Z = the number determined as follows:
Sample 1
Conversion Value. If the Mandatory Conversion Event is an IPO, the Conversion Value is equal to the value of Thrucomm (the "Thrucomm Value"), minus the gross proceeds of the IPO (the "Gross Proceeds"). The Thrucomm Value shall be equal to the Gross Proceeds multiplied by the fraction of the number of authorized Common Shares sold in the IPO (the "Multiplier"). The total number of Common Shares of Thrucomm that may be sold in an IPO shall not exceed forty percent (40%) of the total number of authorized Common Shares of Thrucomm. If Mandatory Conversion should occur as a result of a Sale, Merger, or Investment, the Conversion Value shall be equal to the aggregate consideration received or proposed to be received in that Sale or Merger or the aggregate funds invested in an Investment. A Mandatory Conversion occurs, in the event of a Sale or Merger when (i) the Board of Directors of Thrucomm approve a proposed Sale or Merger, and (ii) the parties to the proposed Sale or Merger have executed an agreement of sale or merger that sets forth the consideration to be received by Thrucomm's shareholders, and is conditioned on such shareholder's approval. In any Mandatory Conversion Event, the Conversion Value shall not be less than $20 million.
Sample 1

Related to Conversion Value

  • Adjustment of Conversion Price The Conversion Price shall be subject to adjustment from time to time as follows:

  • Conversion Price Adjustments The conversion price shall be subject to adjustment (without duplication) from time to time as follows:

  • Adjustment of Conversion Rate The Conversion Rate shall be adjusted from time to time by the Company if any of the following events occurs, except that the Company shall not make any adjustments to the Conversion Rate if Holders of the Notes participate (other than in the case of (x) a share split or share combination or (y) a tender or exchange offer), at the same time and upon the same terms as holders of the Common Stock and solely as a result of holding the Notes, in any of the transactions described in this Section 14.04, without having to convert their Notes, as if they held a number of shares of Common Stock equal to the Conversion Rate, multiplied by the principal amount (expressed in thousands) of Notes held by such Holder.

  • Conversion Price The conversion price in effect on any Conversion Date shall be equal to $0.03, subject to adjustment herein (the “Conversion Price”).

  • Conversion Ratio The “Conversion Ratio” for each share of Series B Preferred Stock shall be equal to the Stated Value divided by the Conversion Price.

  • No Adjustment of Conversion Price No adjustment in the Conversion Price of a particular series of Preferred Stock shall be made in respect of the issuance of Additional Shares of Common unless the consideration per share (as determined pursuant to paragraph 4(d)(v)) for an Additional Share of Common issued or deemed to be issued by the Corporation is less than the Conversion Price in effect on the date of, and immediately prior to such issue, for such series of Preferred Stock.

  • Conversion Rate The number of shares of Common Stock issuable upon conversion of any Conversion Amount pursuant to Section 3(a) shall be determined by dividing (x) such Conversion Amount by (y) the Conversion Price (the “Conversion Rate”).

  • Conversion Privilege and Conversion Price Securities of any series which are convertible shall be convertible in accordance with their terms and (except as otherwise specified as contemplated by Section 301 for Securities of any series) in accordance with this Article Seventeen. Subject to and upon compliance with the provisions of this Article Seventeen, at any time during the period specified in the Securities, at the option of the Holder thereof, any Security or any portion of the principal amount thereof which is $1,000 or an integral multiple of $1,000 may be converted at the principal amount thereof, or of such portion thereof, into fully paid and nonassessable shares (calculated as to each conversion to the nearest 1/100 of a share) of Common Stock of the Company, at the Conversion Price, determined as hereinafter provided, in effect at the time of conversion. In case a Security or portion thereof is called for redemption, such conversion right in respect of the Security or portion so called shall expire at the close of business on the Business Day immediately preceding the Redemption Date, unless the Company defaults in making the payment due upon redemption, in which case such conversion right shall terminate on the date such default is cured. The price at which shares of Common Stock shall be delivered upon conversion (herein called the "Conversion Price") of Securities of any series shall be specified in such Securities. The Conversion Price shall be adjusted in certain instances as provided in Section 1704. In case the Company shall, by dividend or otherwise, declare or make a distribution on its Common Stock referred to in paragraph (4) of Section 1704, the Holder of each Security, upon the conversion thereof pursuant to this Article Seventeen subsequent to the close of business on the date fixed for the determination of stockholders entitled to receive such distribution and prior to the effectiveness of the Conversion Price adjustment in respect of such distribution pursuant to paragraph (4) of Section 1704, shall be entitled to receive for each share of Common Stock into which such Security is converted, the portion of the evidence of indebtedness, shares of Capital Stock or assets so distributed applicable to one share of Common Stock; PROVIDED, HOWEVER, that, at the election of the Company (whose election shall be evidenced by a Board Resolution filed with the Trustee) with respect to all Holders so converting, the Company may, in lieu of distributing to such Holder any portion of such distribution not consisting of cash or securities of the Company, pay such Holder an amount in cash equal to the fair market value thereof (as determined in good faith by the Board of Directors, whose determination shall be conclusive and described in a Board Resolution filed with the Trustee). If any conversion of a Security entitled to the benefits described in the immediately preceding sentence occurs prior to the payment date for a distribution to holders of Common Stock which the Holder of the Security so converted is entitled to receive in accordance with the immediately preceding sentence, the Company may elect (such election to be evidenced by a Board Resolution filed with the Trustee) to distribute to such Holder a due bill xxx the evidences of indebtedness, shares of Capital Stock or assets to which such Holder is so entitled, provided that such due bill (x) meets any applicable requirements of the principal national securities exchange or other market on which the Common Stock is then traded, and (ii) requires payment or delivery of such evidences of indebtedness or assets no later than the date of payment or delivery thereof to holders of Common Stock receiving such distribution.

  • Conversion Date The “Conversion Date” is a Switch or frame conversion planned day of cut-over to the replacement frame(s) or Switch. The actual conversion time typically is set for midnight of the Conversion Date. This may cause the actual Conversion Date to migrate into the early hours of the day after the planned Conversion Date.

  • Notice of Adjustments of Conversion Rate Whenever the Conversion Rate is adjusted as herein provided:

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