Examples of Conversion Discount in a sentence
The interest rate will automatically be adjusted to twenty-four percent (24%) per annum on all unpaid principal amount.(e) Conversion Discount.
Upon the closing of such Qualified Financing, all then outstanding principal on each Instrument shall automatically convert into that number of shares of capital stock issued in such Qualified Financing (the “Qualified Financing Securities”) equal to the quotient obtained by dividing (i) the outstanding principal amount of such Instrument by (ii) the lower of (x) the Conversion Discount Price (as defined below), or (y) the Capped Price (as defined below).
Join National NSSLHA for the last two years of your master’s or doctoral program to be eligible for $225 off the initial dues and fees of ASHA membership and certification through the NSSLHA to ASHA Conversion Discount.
The Conversion Discount represents a contingent beneficial conversion feature and will be accounted for when the contingency is resolved.
As this also results in a decrease in one or both of NABAT and NABBT for Ordinary Shareholders, it is not considered appropriate to offer a further Conversion Discount.