the Conversion Price Sample Clauses
The Conversion Price clause defines the specific price at which convertible securities, such as convertible notes or preferred shares, can be converted into common equity of a company. Typically, this price is set at a fixed amount per share or determined by a formula that may include discounts or valuation caps, depending on the terms of the investment. By establishing a clear method for calculating the number of shares an investor receives upon conversion, this clause ensures transparency and fairness in the conversion process, preventing disputes and aligning expectations between the company and its investors.
the Conversion Price. The Company shall not issue any fraction of a Common Share upon any conversion. All calculations under this Section (3) shall be rounded to the nearest $0.0001. If the issuance would result in the issuance of a fraction of a Common Share, the Company shall round such fraction of a Common Share up to the nearest whole share. The Company shall pay any and all transfer, stamp and similar taxes that may be payable with respect to the issuance and delivery of Common Shares upon conversion of any Conversion Amount.
the Conversion Price. The conversion provisions of the Note will remain at a Conversion Price of $.70 per share, convertible with the same terms of the Note as amended.
the Conversion Price. The Company shall not issue any fraction of an Ordinary Shares upon any conversion. All calculations under this Section (4) shall be rounded to the nearest US$0.0001. If the issuance would result in the issuance of a fraction of an Ordinary Shares, the Company shall round such fraction of an Ordinary Shares up to the nearest whole share. The Company shall pay any and all transfer, stamp and similar taxes that may be payable with respect to the issuance and delivery of Ordinary Shares upon conversion of any Conversion Amount, unless such tax is due because the Holder requests such Ordinary Shares to be issued in a name other than the Holder’s name (in which case such tax will be the responsibility of the Holder).
the Conversion Price. The Company shall not issue any fraction of a Common Shares upon any conversion. All calculations under this Section 4 shall be rounded to the nearest $0.0001. If the issuance would result in the issuance of a fraction of a Common Share, the Company shall round such fraction of a Common Share down to the nearest whole Common Share. The Company shall pay any and all transfer, stamp and similar taxes that may be payable with respect to the issuance and delivery of Common Shares upon conversion of any Conversion Amount, unless such taxes are due because the Holder requests such Common Shares to be issued in a name other than the Holder’s name, in which case the Holder shall pay such taxes.
the Conversion Price. The unnumbered provision in the Note Agreement pertaining to “Conversion Price” is hereby amended and restated in its entirety as set forth below:
the Conversion Price. The Borrower shall deliver to IFC a check for cash in lieu of any fractional share in accordance with Section 7.02 (c) (Conversion Procedure).
the Conversion Price. The provisions of Section 2 of the Note are hereby incorporated by reference herein as if set forth herein in full. Parent agrees to perform each of its obligations under Section 2 of the Note as if it were a party thereto.
the Conversion Price. Upon conversion of this Note into Note Shares pursuant to this paragraph, the principal amount of this Note and accrued and unpaid interest thereon shall have thereby been paid and discharged in full, this Note shall be canceled, and the holder shall have no recourse to the Company or the guarantor.
the Conversion Price. The provision in the Convertible Note pertaining to “Conversion Price” is hereby amended and restated in its entirety as set forth below:
the Conversion Price. Notwithstanding the preceding, the Corporation may at its sole discretion, whether on the request of the holder or otherwise, pay any or all of the accrued and unpaid dividends in cash. Subject to the provisions of the DGCL, no fractional shares of Common Stock shall be issued on the mandatory conversion, but the number of shares shall be rounded up or down to the nearest whole number. The amount of any accrued and unpaid dividends that the Corporation elects to pay in cash shall be promptly sent to the holder thereof by means of check or other means provided by the Corporation.