Automatic Conversion Price definition

Automatic Conversion Price means the lesser of (i) 75% of the cash price per share paid by the other purchasers of Next Round Securities in the Qualified Financing and (ii) the Conversion Price ($2.25), subject to Customary Antidilution Adjustments).

Automatic Conversion Price means $0.7142 per Class A Subordinate Voting Share which is the price for which Class A Subordinate Voting Shares shall be issued upon the conversion of Series 1 Shares in accordance with Section 2.04(b) hereof, or such other dollar amount per Class A Subordinate Voting Share for which Class A Subordinate Voting Shares shall be issued upon the automatic conversion of Series 1 Shares in accordance with Article 2.05 hereof;

Automatic Conversion Price shall have the meaning set forth in Section 4(d).

Examples of Automatic Conversion Price in a sentence

• As to any fraction of a share which Holder would otherwise be entitled to purchase upon such Conversion, the Issuer shall at its election, either pay a cash adjustment in respect of such final fraction in an amount equal to such fraction multiplied by the Conversion Price then in effect or the Automatic Conversion Price, as applicable or round up to the next whole share.

• As to any fraction of a share which Holder would otherwise be entitled to purchase upon such conversion, the Company shall at its election, either pay a cash adjustment in respect of such final fraction in an amount equal to such fraction multiplied by the Conversion Price then in effect or the Automatic Conversion Price, as applicable or round up to the next whole share.

• I have reviewed this quarterly report on Form 10-Q of Southwest Oil & Gas Income Fund VII-A, L.P.

• The Contractor, at a minimum of twice per calendar year during the effective dates of this contract, agrees to verify which of its employees are still employed and still require partner-level access to the Department’s Missouri Public Health Information Management System (MOPHIMS).

• If any fractional share of Common Stock would, except for the provisions hereof, be deliverable upon conversion of this Note, the Company, in lieu of delivering such fractional share, shall pay an amount equal to the value of such fractional share as determined by the Elective Conversion Price or the Automatic Conversion Price, as applicable.

More Definitions of Automatic Conversion Price

Automatic Conversion Price has the meaning specified in Section 13.14(a).

Automatic Conversion Price means the “Conversion Price” as defined in each Note.

Automatic Conversion Price means: In the case of an IPO or a Sale (A) if the IPO occurs or a Sale is completed on or after 1 January 2021, the Automatic Conversion Price shall be the Conversion Price calculated in accordance with Condition 3.6 of this Schedule 2. For example, if more than 20,000 LumiraDx Instruments have been Sold by 11.59 p.m. (UK time) on 31 December 2020 then the Conversion Price at the Automatic Conversion Date shall be the 20,000 Conversion Price; or (B) if the IPO occurs or a Sale is completed prior to 1 January 2021 then the Automatic Conversion Price shall be the Conversion Price calculated in accordance with Condition 3.6 of this Schedule 2 but on the basis of the number of LumiraDx Instruments Sold as at the end of the calendar month immediately preceding the IPO or the Sale completing (as applicable) with the minimum Automatic Conversion Price being, in all circumstances, the 12,000 Conversion Price. For example, if the IPO occurred or a Sale is completed on 15 December 2020, then the Conversion Price would be calculated on the basis of the number of LumiraDx Instruments Sold as at 30 November 2020. So if the number of LumiraDx Instruments Sold at such date was 11,000 then applying the provisions of Condition 3.6 of this Schedule 2 the Conversion Price would be the 12,000 Conversion Price.

Automatic Conversion Price means the lesser of (i) 75% of the cash price per share paid by the other purchasers of Next Round Securities in the Qualified Financing and (ii) the Conversion Price ($0.10), subject to Customary Antidilution Adjustments).

Automatic Conversion Price means, with respect to the applicable date of determination, the lower of (i) the Conversion Price then in effect and (ii) the price which is equal to the product of (1) 85% multiplied by (2) the quotient of (A) the sum of each of the three (3) lowest Closing Bid Prices of the Common Stock during the twenty (20) consecutive Trading Day period immediately preceding the applicable Automatic Conversion Date (each such period, a “Automatic Conversion Measuring Period”) divided by (B) three (3). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during any such Automatic Conversion Measuring Period.

Automatic Conversion Price means, as of a particular date of determination, the lower of (i) the then applicable Conversion Price and (ii) the price which shall be computed as 90% of the arithmetic average of the VWAP of the Common Stock on each of the ten (10) consecutive Trading Days immediately preceding the applicable Redemption Date (each such period, an “Automatic Conversion Measuring Period”). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during such Automatic Conversion Measuring Period.

Automatic Conversion Price has the meaning given to such term in Section 5.8(c)(i).