Financing Conversion Rate definition

Financing Conversion Rate means, in respect of any Qualified Financing and with respect to each $1,000 principal amount of this Note, a number of the Qualified Securities in respect of such Qualified Financing (denominated in shares, units or notes, as applicable (with any such Qualified Securities that have a liquidation preference or principal amount being deemed to be denominated in a liquidation preference or principal amount per share, unit or note, as the case may be, as the Holder determines in good faith and in a commercially reasonable manner)) equal to $1,000 divided by the purchase price per share, unit or note, as applicable, of such Qualified Securities paid by the investors in the Qualified Financing, rounded to the nearest 1/10,000th of a share, unit or note, as applicable.
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Financing Conversion Rate means, in respect of any Qualified Financing and with respect to each $1,000 principal amount of this Note, a number of the Qualified Securities in respect of such Qualified Financing (denominated in shares, units or notes,
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Financing Conversion Rate means, in respect of any Qualified Financing and with respect to each
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Examples of Financing Conversion Rate in a sentence

  • If the number of Ordinary Shares represented by the ADSs is changed, after the date of this Indenture, for any reason other than one or more of the events described in this Section 14.04, the Company shall make an appropriate adjustment to the Conversion Rate and the Qualified Equity Financing Conversion Rate such that the number of Ordinary Shares represented by the ADSs upon which conversion of the Notes is based remains the same.

  • Except as explicitly stated herein, the Borrower shall be responsible for making all calculations required pursuant to this Note, including, without limitation, calculations with respect to determinations of the Last Reported Sale Price, accrued interest payable on this Note, the Fixed Conversion Rate and the Financing Conversion Rate.


More Definitions of Financing Conversion Rate

Financing Conversion Rate means, (i) in respect of a Qualified Financing for the issuance of Common Stock, the Fixed Conversion Rate or (ii) in respect of a Qualified Financing for the issuance of Qualified Securities other than Common Stock, a number of such Qualified Securities (denominated in shares, units or notes, as applicable) equal to Outstanding principal amount, including accrued and unpaid interest, of this Note divided by the purchase price per share, unit or note, as applicable, of such Qualified Securities paid by the investor(s) in the Qualified Financing, rounded to the nearest 1/100th of a share, unit or note, as applicable, subject to Section 4.06 and provided that in no event shall the purchase price be less than the “Minimum Price” as defined in Nasdaq Listing Rule 5635(d).
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