First Tranche Conversion Price definition

First Tranche Conversion Price means the lower of (a) $0.29; (b) the Second Tranche Conversion Price; (c) the Third Tranche Conversion Price; and (d) a price equal to 90% of the trailing fifteen (15) day volume weighted average price of the Company’s ADSs as of the date when the registration statement registering the ADSs underlying the First Tranche Notes and First Tranche Warrants is declared effective by the SEC; provided, however, that in no event shall the First Tranche Conversion Price be reset to less than (1) the First Tranche Floor Price with respect to clauses (b) and (c) above and (2) the Effectiveness Floor Price with respect to clause (d) above.
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First Tranche Conversion Price means $0.26, subject to adjustment under Section 3.5 hereof. The term “Second Tranche Conversion Price” shall mean $0.9722, subject to adjustment under Section 3.5 hereof. The First and Second Tranche Conversion Prices are hereinafter referred to collectively as the “Conversion Prices.”
Sample 1
First Tranche Conversion Price means $0.73736.
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Examples of First Tranche Conversion Price in a sentence

  • Except as set forth herein, the per ADS conversion price into which principal and Default Interest, if any, shall be convertible into ADSs hereunder as of a specific time shall be equal to the First Tranche Conversion Price, as such term is defined in the Purchase Agreement, in effect as of such time (the “Conversion Price”).

  • The exercise price per ADS under this Warrant shall be equal to the product of (x) 1.25 multiplied by (y) the First] Tranche Conversion Price, as such term is defined in the Agreement, in effect as of the date Notice of Exercise is delivered to the Company (the “Exercise Price”).


More Definitions of First Tranche Conversion Price

First Tranche Conversion Price means the Initial Conversion Price.
Sample 1

Related to First Tranche Conversion Price

  • Initial Conversion Price has the meaning specified in Section 13.01.

  • Final Preference Share Redemption Amount means, subject to the provisions of the Articles and the Conditions, in respect of each Preference Share, an amount expressed in the Settlement Currency determined by the Calculation Agent equal to the Notional Amount multiplied by:

  • Early Preference Share Redemption Amount means, subject to the provisions of the Articles and the Conditions, in respect of each Preference Share, an amount expressed in the Settlement Currency calculated by the Calculation Agent as the fair market value (calculated without taking into account the creditworthiness of the Company) of a Preference Share as of the Early Preference Share Valuation Date taking into account such factor(s) as the Calculation Agent determines appropriate, including, but not limited to, the relevant Early Preference Share Redemption Event after deducting any Associated Costs (to the extent not already reflected in such fair market value).

  • Conversion Amount means the sum of the Stated Value at issue.

  • Final Preference Share Redemption Date means the date that falls twenty Business Days following the Valuation Date on which the Calculation Agent has determined the Final Preference Share Redemption Amount or, if earlier, the first Auto-Call Valuation Date on which an Auto-Call Trigger Event has occurred.

  • Daily Conversion Value means, for each of the 40 consecutive Trading Days during the relevant Observation Period, 2.5% of the product of (a) the Conversion Rate on such Trading Day and (b) the Daily VWAP on such Trading Day.

  • Early Preference Share Redemption Date means the day falling ten Business Days after the Early Preference Share Valuation Date.

  • Early Preference Share Redemption Event means the event that occurs if: