Conversion Price Adjustments. The conversion price shall be subject to adjustment (without duplication) from time to time as follows:
(a) In case the Company shall, while any of the Debentures are outstanding, (i) pay a dividend or make a distribution with respect to its Company Common Stock exclusively in shares of Company Common Stock, (ii) subdivide its outstanding shares of Company Common Stock, (iii) combine its outstanding shares of Company Common Stock into a smaller number of shares or (iv) issue by reclassification of its shares of Company Common Stock any shares of capital stock of the Company, the conversion privilege and the Conversion Price in effect immediately prior to such action shall be adjusted so that the Holder of any Debentures thereafter surrendered for conversion shall be entitled to receive the number of shares of capital stock of the Company which he would have owned immediately following such action had such Debentures been converted immediately prior thereto. An adjustment made pursuant to this subsection (a) shall become effective immediately after the record date in the case of a dividend or other distribution and shall become effective immediately after the effective date in case of a subdivision, combination or reclassification (or immediately after the record date if a record date shall have been established for such event). If, as a result of an adjustment made pursuant to this subsection (a), the Holder of any Debenture thereafter surrendered for conversion shall become entitled to receive shares of two or more classes or series of capital stock of the Company, the Board of Directors (whose determination shall be conclusive and shall be described in a Board Resolution filed with the Trustee) shall determine the allocation of the adjusted Conversion Price between or among shares of such classes or series of capital stock. In the event that such dividend, distribution, subdivision, combination or issuance is not so paid or made, the Conversion Price shall again be adjusted to be the Conversion Price which would then be in effect if such record date had not been fixed.
(b) In case the Company shall, while any of the Debentures are Outstanding, issue rights or warrants to all holders of its Company Common Stock entitling them to subscribe for or purchase shares of Company Common Stock at a price per share less than the Current Market Price per share of Company Common Stock on such record date, the Conversion Price for the Debentures shall be adjusted so t...
Conversion Price Adjustments. The Conversion Price shall be subject to adjustment from time to time as follows:
Conversion Price Adjustments. 73 SECTION 13.04. Reclassification, Consolidation, Merger or Sale of Assets....................................... 79 SECTION 13.05. Notice of Adjustments of Conversion Price............................................... 80 SECTION 13.06. Prior Notice of Certain Events................................................. 80 SECTION 13.07. Adjustments in Case of Fundamental Changes............................................ 81 SECTION 13.08. Dividend or Interest Reinvestment Plans.......................................................... 84 SECTION 13.09.
Conversion Price Adjustments. 70 SECTION 13.5
Conversion Price Adjustments. 55 Section 12.4 Merger, Consolidation or Sale of Assets......................60 Section 12.5 Notice of Adjustments of Conversion Price....................61 Section 12.6 Prior Notice of Certain Events...............................62 Section 12.7
Conversion Price Adjustments. 79 SECTION 1304. Reclassification, Consolidation, Merger or Sale of Assets...............................85
Conversion Price Adjustments. Conversion Price shall be subject to the following adjustments:
i. If the market capitalization of the Borrower is less than Two Million Dollars ($2,000,000) on the day immediately prior to the date of the Notice of Conversion, then the Conversion Price shall be twenty-five percent (25%) multiplied by the Lowest Closing Price as of the date a Notice of Conversion is given (which represents a discount rate of seventy-five percent (75%)); and
ii. If the closing price of the Borrower’s Common Stock on the day immediately prior to the date of the Notice of Conversion is less than two-tenths of a pxxxx ($0.002) then the Conversion Price shall be twenty-five percent (25%) multiplied by the Lowest Closing Price as of the date a Notice of Conversion is given (which represents a discount rate of seventy-five percent (75%)).
Conversion Price Adjustments. The Series A Conversion Price shall be subject to adjustment from time to time as follows:
Conversion Price Adjustments. 4.1 If, at any time when any Series 2 Note Obligation Amount remains outstanding hereunder:
(a) the Company effects a subdivision of the outstanding Common Stock, or shall declare a dividend payable on the Common Stock in additional shares of Common Stock, then the Maturity Conversion Price, as in effect immediately before such subdivision or dividend, shall be decreased in inverse proportion to the increase in the aggregate number of outstanding shares of Common Stock resulting from such subdivision or dividend; and
(b) the Company combines the outstanding shares of Common Stock, then the Maturity Conversion Price, as in effect immediately before such combination, shall be increased in inverse proportion to the decrease in the aggregate number of outstanding shares of Common Stock resulting from such combination.
4.2 If, at any time prior to the full conversion of the Series 2 Note Obligation Amount into Conversion Shares hereunder, the Company effects a dividend or other distribution of cash or other assets to the holders of the Common Stock (other than a dividend payable in additional shares of Common Stock), then the Maturity Conversion Price, as in effect immediately before such distribution, shall be decreased by an amount equal to the per share value of the cash or assets so distributed. In the event that such per share value is not readily identifiable, it shall be determined by the Company acting in good faith.
