Common use of Fixed Conversion Price Clause in Contracts

Fixed Conversion Price. For purposes hereof, subject to Section 3.5 hereof, the initial "FIXED CONVERSION PRICE" means $0.28 (105% of the average of the closing price of the Common Stock for the ten (10) trading days immediately prior to the date hereof).

Appears in 1 contract

Samples: Secured Convertible Minimum Borrowing Note (DSL Net Inc)

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Fixed Conversion Price. For purposes hereof, subject to Section 3.5 hereof, the initial "FIXED CONVERSION PRICEPrice" means means, an amount equal to $0.28 2.11 (105which has been determined on the date of this Note as an amount equal to 103% of the average of the closing price of the Common Stock for the ten thirty (1030) trading days immediately prior to the date hereofof this Note, but not greater than 110% of the closing price on the trading day immediately prior to the date of this Note).

Appears in 1 contract

Samples: Secured Convertible Term Note (Return on Investment Corp)

Fixed Conversion Price. For purposes hereof, subject to Section 3.5 hereof, the initial "FIXED CONVERSION PRICEPrice" means $0.28 2.11 (105which has been determined on the date of this Note as an amount equal to 103% of the average of the closing price of the Common Stock for the ten (10) trading days immediately prior to the date hereofof this Note, but not greater than 110% of the closing price on the trading day immediately prior to the date of this Note).

Appears in 1 contract

Samples: Secured Convertible Note (Return on Investment Corp)

Fixed Conversion Price. For purposes hereof, subject to Section 3.5 hereof, the initial "FIXED CONVERSION PRICE" means $0.28 $ ____ (105% of the average of the closing price of the Common Stock for the ten (10) trading days immediately prior to the date hereof).

Appears in 1 contract

Samples: Secured Convertible Minimum Borrowing Note (Global Payment Technologies Inc)

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Fixed Conversion Price. For purposes hereof, subject to Section 3.5 hereof, the initial "FIXED CONVERSION PRICEFixed Conversion Price" means $0.28 $ 1.47 (105103% of the average of the closing price of the Common Stock for the ten five (105) trading days immediately prior to the date hereof).

Appears in 1 contract

Samples: Secured Convertible Minimum Borrowing Note (Inyx Inc)

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