Mandatory Conversion. The Principal shall be converted into Common Shares at a 50% discount to the Market Price (a "Mandatory Conversion") on the date (the "Mandatory Conversion Date") which the closing price for the Common Stock exceeds $2.00 for ten (10) consecutive trading days.
Appears in 7 contracts
Samples: Drinks Americas Holdings, LTD, Drinks Americas Holdings, LTD, Drinks Americas Holdings, LTD
Mandatory Conversion. The Principal shall be converted into Common Shares at a 50% discount to the Market Conversion Price (a "Mandatory Conversion") on the date (the "Mandatory Conversion Date") which the closing price for the Common Stock exceeds $2.00 for ten (10) consecutive trading days.
Appears in 4 contracts
Samples: Drinks Americas Holdings, LTD, Drinks Americas Holdings, LTD, Drinks Americas Holdings, LTD