Adjusted Conversion Price definition

Adjusted Conversion Price means the lesser of the Fixed Conversion Price or the Floating Conversion Price one day prior to the record date set for the determination of stockholders entitled to receive dividends, distributions, rights or warrants as provided for in Sections 4(c)(ii), (iii) and (iv).

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Adjusted Conversion Price means, with respect to any share of Series B Preferred Stock, at any time, the Initial Conversion Price of such share of Series B Preferred Stock, as adjusted from time to time pursuant to Section 6(d) hereof.

Adjusted Conversion Price means the Conversion Price as may be adjusted in accordance with Clause 7.10.

Examples of Adjusted Conversion Price in a sentence

• From and after the Adjusted Conversion Price Termination Date, the Conversion Price shall be determined as set forth in this Section 1.2(a).

• From and after the Adjusted Conversion Price Termination Date, the Conversion Price shall be determined as set forth in Section 1.2(a).

• Notwithstanding the foregoing, the Corporation may issue up to an aggregate total of Three Hundred Thousand (300,000) shares of Common Stock (subject to adjustment only for stock splits, stock dividends and reverse stock splits) at any price determined by the Board of Directors, after the Original Issuance Date, without causing an Adjusted Conversion Price.

• From and after the Adjusted Conversion Price Termination Date, the Conversion Price shall be determined as set forth in Section 4.2(a).

• Each exchange (other than an exchange under paragraph 4.3) will entitle the Lender to receive the number of shares of the Borrower’s Common Stock equal to the quotient of: (a) the amount of principal and interest to be exchanged; divided by (b) the Conversion Price or Adjusted Conversion Price then in effect, as applicable.

More Definitions of Adjusted Conversion Price

Adjusted Conversion Price shall have the meaning assigned to such term in Section 6.6(a).

Adjusted Conversion Price means, at any time, the Initial Liquidation Preference divided by the Conversion Ratio in effect at such time.

Adjusted Conversion Price means the greater of: (a) the Market Value for the period ending on the Effective Date; and (b) the product of: (i) the Reference Price; and (ii) 66 2/3%.

Adjusted Conversion Price means, with respect to any given Adjustment Date, the greater of (i) the Floor Price and (ii) 75% of the quotient determined by dividing (x) the sum of the VWAP of the Common Stock for each of the two (2) lowest Trading Days during the ten (10) consecutive Trading Day period (the “Adjusted Conversion Measuring Period”) ending and including the applicable Adjustment Date, divided by (y) two (2). All such determinations pursuant to clause (ii) in the preceding sentence shall be appropriately adjusted for any stock dividend, stock split, stock combination, recapitalization or other similar transaction during such Adjusted Conversion Measuring Period.

Adjusted Conversion Price means the conversion price per share of Common Stock, initially set at $12.00, subject to adjustment as provided in Section 15.04 of the Credit Agreement; provided, however, that in the event of the Holdings IPO, the Adjusted Conversion Price shall be adjusted to be the lesser of the then-Conversion Price and eighty percent (80%) of the initial public offering price per share in such offering.

Adjusted Conversion Price means, with respect to each share of Series A Preferred Stock, $10.00, subject to appropriate adjustment from time to time for events described in Section 3(B)(5).

Adjusted Conversion Price means the lesser of (A) the Initial Conversion Price in effect on the Pricing Date, or (B) 120% of the arithmetic average of the Closing Bid Price of the Common Stock on each trading day in the Series A Pricing Period. All such determinations to be appropriately adjusted for any stock dividend, stock split, stock combination or other similar transaction during such period.