Adjustments to the Conversion Prices for Certain Dilutive Issuances
Adjustments to the Conversion Prices for Certain Dilutive Issuances Sample Clauses
Related to Adjustments to the Conversion Prices for Certain Dilutive Issuances
Adjustments to the Conversion Rate (A) Events Requiring an Adjustment to the Conversion Rate. The Conversion Rate will be adjusted from time to time as follows:
Adjustments to Conversion Price The Conversion Price shall be subject to adjustment from time to time as follows:
Adjustment of Conversion Price Upon Issuance of Additional Shares of Common Stock In the event the Corporation shall at any time after the Series A-2 Original Issue Date issue Additional Shares of Common Stock (including Additional Shares of Common Stock deemed to be issued pursuant to Subsection 5.4.3), without consideration or for a consideration per share less than the Conversion Price applicable to a series of Preferred Stock in effect immediately prior to such issuance or deemed issuance, then such Conversion Price shall be reduced, concurrently with such issue, to a price (calculated to the nearest one-hundredth of a cent) determined in accordance with the following formula: CP2 = CP1 x (A + B) ÷ (A + C). For purposes of the foregoing formula, the following definitions shall apply:
Conversion Price and Adjustments to Conversion Price (i) The conversion price in effect on any Conversion Date shall be equal to the lesser of (a) $0.4735 (the “Fixed Conversion Price”) or (b) ninety five percent (95%) of the lowest Volume Weighted Average Price of the Common Stock during the thirty (30) trading days immediately preceding the Conversion Date as quoted by Bloomberg, LP (the “Market Conversion Price”). The Fixed Conversion Price and the Market Conversion Price are collectively referred to as the “Conversion Price.” The Conversion Price may be adjusted pursuant to the other terms of this Debenture.
Conversion Price Adjustments The conversion price shall be subject to adjustment (without duplication) from time to time as follows:
Adjustments to Conversion Rate The Conversion Rate shall be adjusted from time to time by the Company as follows:
Notice of Adjustments of Conversion Rate Whenever the Conversion Rate is adjusted as herein provided:
Adjustment of Conversion Price The Conversion Price shall be subject to adjustment from time to time as follows:
Notice of Adjustments of Conversion Price Whenever the conversion price is adjusted as herein provided:
Adjustments for Diluting Issuances Without duplication of any adjustment otherwise provided for in this Section 2, the number of shares of common stock issuable upon conversion of the Shares shall be subject to anti-dilution adjustment from time to time in the manner set forth in the Company’s Certificate of Incorporation as if the Shares were issued and outstanding on and as of the date of any such required adjustment.
