Common use of Calculation of Conversion Price Clause in Contracts

Calculation of Conversion Price. Subject to Section 3.2.1 and 4.6 hereof, the conversion price (the “Conversion Price”) shall mean the lesser of (a) sixty percent (60%) multiplied by the Lowest Closing Price as of the date a Notice of Conversion is given (which represents a discount rate of forty percent (40%)) or (b) three-tenths of a pxxxx ($0.003)

Calculation of Conversion Price. Subject to Section 3.2.1 and 4.6 hereof, the conversion price (the “Conversion Price”) shall mean the lesser of (a) sixty fifty percent (6050%) multiplied by the Lowest Closing Price as of the date a Notice of Conversion is given (which represents a discount rate of forty fifty percent (4050%)) or (b) threetwo-tenths of a pxxxx ($0.0030.002).”

Calculation of Conversion Price. Subject to Section 3.2.1 and 4.6 hereof, the conversion price (the “Conversion Price”) shall mean the lesser of (a) sixty fifty-eight percent (6058%) multiplied by the Lowest Closing Price as of the date a Notice of Conversion is given (which represents a discount rate of forty forty-two percent (4042%)) or (b) three-tenths of a pxxxx five cents ($0.0030.05).

Calculation of Conversion Price. Subject to Section 3.2.1 and 4.6 hereof, the conversion price (the “Conversion Price”) shall mean the lesser of (a) sixty percent (60%) multiplied by the Lowest Closing Price as of the date a Notice of Conversion is given (which represents a discount rate of forty percent (40%)) or (b) threetwo-tenths of a pxxxx ($0.0030.002)

Calculation of Conversion Price. Subject to Section 3.2.1 and 4.6 hereof, the conversion price (the “Conversion Price”) shall mean the lesser of (a) sixty percent (60%) multiplied by the Lowest Closing Price as of the date a Notice of Conversion is given (which represents a discount rate of forty percent (40%)) or (b) three-tenths of a one half pxxxx ($0.0030.005)