Share Conversion Ratio Sample Clauses

Share Conversion Ratio. The Purchaser and the China Vendors have established for the purposes of the Share Conversion a conversion ratio of 3.5 Exchangeable Shares for every one of the China Shares held by the China Vendors, excluding Uphill, GDCT and Forte.
Sample 1Sample 2
AutoNDA by SimpleDocs
Share Conversion Ratio. As outlined above, pursuant to the terms of the Transaction, 160,307,826 fully diluted shares of common stock of Helix are converted into 4,420,000 shares (excluding options and warrants) of Forian. With the remaining shares of Forian issued in exchange for the fully diluted equity of MOR.
Sample 1
Share Conversion Ratio. Party A and Party B agree that, upon the completion of the acquisition by Party B of the 68.611% equity interests in Wuxi Suntech held by the onshore shareholders (with the equity interests held by Power Solar Pty. Ltd., the remaining shareholder, not acquired), Party A shall obtain 40% of the total issued and outstanding and paid-up common shares of Party B and Party C shall obtain 60% of the total issued and outstanding paid-up common shares of Power Solar. Upon the completion of the acquisition by Party B of the equity interests in Wuxi Suntech held by all shareholders (namely, completion of the acquisition of 100% equity interests in Wuxi Suntech), the above percentages shall be adjusted so that Party A shall hold 25% of the common shares of Party B and Party C shall hold 75% of the common shares of Party B. The portion so adjusted shall be transferred from Party A to Party C. Within 30 days of the fulfillment of the condition precedent set out in Article 8 hereof, Party A shall complete the relevant legal procedures relating to the Share Conversion (including but not limited to: procedures for capital increase and transfer of equity interests).
Sample 1

Related to Share Conversion Ratio

  • Conversion Ratio Each share of Series A Preferred Stock shall be convertible, at the option of the holder thereof, at any time and from time to time, and without the payment of additional consideration by the holder thereof, into such number of fully paid and nonassessable shares of Common Stock as is determined by dividing the Series A Original Issue Price by the Series A Conversion Price (as defined below) in effect at the time of conversion. The “Series A Conversion Price” shall initially be equal to $0.71. Such initial Series A Conversion Price, and the rate at which shares of Series A Preferred Stock may be converted into shares of Common Stock, shall be subject to adjustment as provided below.

  • Adjustments to Conversion Ratios The number of Ordinary Shares that the holders of Rights are entitled to receive as a result of the occurrence of an Exchange Event shall be equitably adjusted to reflect appropriately the effect of any share split, reverse share split, share dividend, reorganization, recapitalization, reclassification, combination, exchange of shares or other like change with respect to the Ordinary Shares occurring on or after the date hereof and prior to the Exchange Event.

  • Adjustment of Conversion Rate The Conversion Rate shall be adjusted from time to time by the Company if any of the following events occurs, except that the Company shall not make any adjustments to the Conversion Rate if Holders of the Notes participate (other than in the case of (x) a share split or share combination or (y) a tender or exchange offer), at the same time and upon the same terms as holders of the Common Stock and solely as a result of holding the Notes, in any of the transactions described in this Section 14.04, without having to convert their Notes, as if they held a number of shares of Common Stock equal to the Conversion Rate, multiplied by the principal amount (expressed in thousands) of Notes held by such Holder.

  • Conversion Rate The number of shares of Common Stock issuable upon conversion of any Conversion Amount pursuant to Section 3(a) shall be determined by dividing (x) such Conversion Amount by (y) the Conversion Price (the “Conversion Rate”).

  • Adjustment of Conversion Price The Conversion Price shall be subject to adjustment from time to time as follows:

  • Stock Split All references to numbers of shares in this Agreement shall be appropriately adjusted to reflect any stock dividend, split, combination or other recapitalization affecting the Capital Stock occurring after the date of this Agreement.

  • Conversion Price The conversion price in effect on any Conversion Date shall be equal to $0.03, subject to adjustment herein (the “Conversion Price”).

  • Calculation of Conversion Price The conversion price (the “Conversion Price”) shall equal the Variable Conversion Price (as defined herein) (subject to equitable adjustments for stock splits, stock dividends or rights offerings by the Borrower relating to the Borrower’s securities or the securities of any subsidiary of the Borrower, combinations, recapitalization, reclassifications, extraordinary distributions and similar events). The "Variable Conversion Price" shall mean 58% multiplied by the Market Price (as defined herein) (representing a discount rate of 42%). “Market Price” means the average of the lowest three (3) Trading Prices (as defined below) for the Common Stock during the ten (10) Trading Day period ending on the latest complete Trading Day prior to the Conversion Date. “Trading Price” means, for any security as of any date, the price at which trades occurred on the Over-the-Counter Bulletin Board, Pink Sheets electronic quotation system or applicable trading market (the “OTC”) as reported by OTC Markets on their website or, if the OTC is not the principal trading market for such security, the closing bid price of such security on the principal securities exchange or trading market where such security is listed or traded or, if no closing bid price of such security is available in any of the foregoing manners, the average of the closing bid prices of any market makers for such security that are listed in the “pink sheets”. If the Trading Price cannot be calculated for such security on such date in the manner provided above, the Trading Price shall be the fair market value as mutually determined by the Borrower and the holders of a majority in interest of the Notes being converted for which the calculation of the Trading Price is required in order to determine the Conversion Price of such Notes. “Trading Day” shall mean any day on which the Common Stock is tradable for any period on the OTC, or on the principal securities exchange or other securities market on which the Common Stock is then being traded. In all cases, the Conversion Price cannot be below a floor price of $.0005 per share.

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