Common use of CONVERSION PRICE FOR HOLDER CONVERTED SHARES Clause in Contracts

CONVERSION PRICE FOR HOLDER CONVERTED SHARES. The Outstanding Principal Amount of this Debenture that is converted into shares of Common Stock shall be convertible into the number of shares of Common Stock determined in accordance with the following formula: P + I -------------------------------- Conversion Date Market Price P = principal amount of this Debenture submitted for conversion I = accrued but unpaid interest on the principal amount of this Debenture submitted for conversion as of the Holder Conversion Date The number of shares of Common Stock into which the Outstanding Principal Amount of this Debenture, and interest accrued but unpaid thereon, may be converted pursuant to this paragraph is hereafter referred to as the "Conversion Rate."

Appears in 1 contract

Samples: Oncor Inc

AutoNDA by SimpleDocs

CONVERSION PRICE FOR HOLDER CONVERTED SHARES. The Outstanding Principal Amount of this Debenture that is converted into shares of Common Stock shall be convertible into the number of shares of Common Stock determined in accordance with which results from application of the following formula: P + I -------------------------------- ---------------------------- Conversion Date Market Price P = principal amount of this Debenture submitted for conversion I = accrued but unpaid interest on the principal amount of this Debenture submitted for conversion P as of the Holder Conversion Date The number of shares of Common Stock into which the Outstanding Principal Amount of this Debenture, and interest accrued but unpaid thereon, may be converted pursuant to this paragraph is hereafter referred to as the "Conversion Rate."

Appears in 1 contract

Samples: MRV Communications Inc

CONVERSION PRICE FOR HOLDER CONVERTED SHARES. The Outstanding Principal Amount of this Debenture that is converted into shares of Common Stock at the option of the Holder shall be convertible into the number of shares of Common Stock determined in accordance with which results from application of the following formula: P + I -------------------------------- P+I ---------------------------------- Conversion Date Market Price P = principal amount Outstanding Principal Amount of this Debenture submitted for conversion I = accrued but unpaid interest on the principal amount of this Debenture submitted for conversion P as of the Holder Conversion Date The number of shares of Common Stock into which the Outstanding Principal Amount each $1,000 principal amount of this Debenture, and interest accrued but unpaid thereon, Debenture hereto may be converted pursuant to this paragraph hereof is hereafter referred to as the "Conversion Rate."

Appears in 1 contract

Samples: Ross Systems Inc/Ca

AutoNDA by SimpleDocs

CONVERSION PRICE FOR HOLDER CONVERTED SHARES. The Outstanding Principal Amount of this Debenture that is converted into shares of Common Stock at the option of the Holder shall be convertible into the number of shares of Common Stock determined in accordance with which results from application of the following formula: P + I -------------------------------- P+I ---------------------------- Conversion Date Market Price P = principal amount Outstanding Principal Amount of this Debenture submitted for conversion I = accrued but unpaid interest on the principal amount of this Debenture submitted for conversion P as of the Holder Conversion Date The number of shares of Common Stock into which the Outstanding Principal Amount each $1,000 principal amount of this Debenture, and interest accrued but unpaid thereon, Debenture hereto may be converted pursuant to this paragraph hereof is hereafter referred to as the "Conversion Rate."

Appears in 1 contract

Samples: A Debt Subordination Agreement (Ross Systems Inc/Ca)

Time is Money Join Law Insider Premium to draft better contracts faster.