Common use of Conversion Price and Adjustments to Conversion Price Clause in Contracts

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.

Appears in 4 contracts

Samples: Secured Convertible Debenture (Firstgold Corp.), Secured Convertible Debenture (Newgold Inc), Secured Convertible Debenture (Firstgold Corp.)

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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 0.40 (the "Fixed Conversion Price") or (b) ninety five percent (9590%) 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.

Appears in 3 contracts

Samples: Jag Media Holdings Inc, Jag Media Holdings Inc, Jag Media Holdings Inc

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 0.05 (the "Fixed Conversion Price") or (b) ninety five percent (9590%) of the lowest Volume Weighted Average closing Bid 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.

Appears in 2 contracts

Samples: Gs Carbon Corp, GS Cleantech Corp

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 0.015 (the "Fixed Conversion Price") or (b) ninety eighty five percent (9585%) of the lowest Volume Weighted Average closing Bid Price of the Common Stock during the thirty ten (3010) 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.

Appears in 2 contracts

Samples: Directview Inc, Directview Inc

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 0.0573 (the “Fixed Conversion Price”) or (b) ninety five eighty percent (9580%) 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.

Appears in 2 contracts

Samples: Convertible Debenture (Smartire Systems Inc), Convertible Debenture (Smartire Systems Inc)

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 1.45 (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 or the interest payment date, as applicable, as quoted by Bloomberg, LP (the "Market Conversion Price"), but in no event less than $.001. 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.

Appears in 1 contract

Samples: U.S. Helicopter CORP

Conversion Price and Adjustments to Conversion Price. (i) The conversion price in effect on any Conversion Date shall be be, at the sole option of the Holder, equal to the lesser of (a) either $0.4735 0.20 per share (the "Fixed Conversion Price") or (b) ninety five percent (9590%) of the lowest Volume Weighted Average Price of the Common Stock during the thirty twenty (3020) 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.

Appears in 1 contract

Samples: Teleplus Enterprises Inc

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 0.01 (the "Fixed Conversion Price") or (b) ninety five percent (9590%) 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.

Appears in 1 contract

Samples: Homeland Security Capital CORP

Conversion Price and Adjustments to Conversion Price. (i) The conversion price in effect on any Conversion Date shall be be, at the sole option of the Holder, equal to the lesser of either (a) $0.4735 0.06 (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.

Appears in 1 contract

Samples: Secured Convertible Debenture (Delek Resources, Inc.)

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 0.2626 (the “Fixed Conversion Price”"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”"MARKET CONVERSION PRICE"). The Fixed Conversion Price and the Market Conversion Price are collectively referred to as the “Conversion Price"CONVERSION PRICE." The Conversion Price may be adjusted pursuant to the other terms of this Debenture.

Appears in 1 contract

Samples: Newgold Inc

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 0.30 (the "Fixed Conversion Price") or (b) ninety five eighty percent (9580%) of the lowest Volume Weighted Average Closing Bid Price of the Common Stock during the thirty fifteen (3015) 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.

Appears in 1 contract

Samples: U.S. Helicopter CORP

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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 0.175 (the "Fixed Conversion Price") or (b) ninety five eighty percent (9580%) of the lowest Volume Weighted Average closing Bid Price of the Common Stock during the thirty five (305) 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.

Appears in 1 contract

Samples: Swiss Medica Inc

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) Eighty Cents ($0.4735 .80) (the "Fixed Conversion Price") or (b) ninety five eighty percent (9580%) 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.

Appears in 1 contract

Samples: Certo Group Corp.

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 0.04 (the "Fixed Conversion Price") or (b) ninety seventy five percent (9575%) of the lowest Volume Weighted Average Closing Bid Price of the Common Stock during the thirty ten (3010) 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.

Appears in 1 contract

Samples: Connected Media Technologies, Inc.

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 0.50 (the “Fixed Conversion Price”"FIXED CONVERSION PRICE") or (b) ninety five eighty percent (9580%) of the lowest Volume Weighted Average Closing Bid Price of the Common Stock during the thirty fifteen (3015) trading days immediately preceding the Conversion Date or the interest payment date, as quoted by Bloomberg, LP (the “Market Conversion Price”)applicable. The Fixed Conversion Price and the Market Conversion Price are collectively referred to as the “Conversion Price"CONVERSION PRICE." The Conversion Price may be adjusted pursuant to the other terms of this Debenture.

Appears in 1 contract

Samples: Securities Purchase Agreement (U.S. Helicopter CORP)

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 0.025 (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.

Appears in 1 contract

Samples: Sensor System Solutions Inc

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 0.00713 (the "Fixed Conversion Price") or (b) ninety five eighty percent (9580%) of the lowest Volume Weighted Average Closing Bid 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.

Appears in 1 contract

Samples: Security Agreement (Y3k Secure Enterprise Software Inc)

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 0.20 (the "Fixed Conversion Price") or (b) ninety five percent (9590%) of the lowest Volume Weighted Average closing Bid 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.

Appears in 1 contract

Samples: Ivi Communications Inc

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