Fixed Conversion Price definition

Fixed Conversion Price shall have the meaning set forth in Section 4(b).

Fixed Conversion Price means, as of any Conversion Date (as defined below) or other date of determination, $0.0040, subject to adjustment as provided herein. All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction.

Fixed Conversion Price means $1.13 [which has been determined on the date of this Note as an amount equal to 103% of the average closing price of the Common Stock for the ten (10) trading days immediately prior to the date of this Note; provided that the Fixed Conversion Price shall not exceed 110% of the closing price on the date immediately preceding the Closing Date]. The shares of Common Stock to be issued upon such conversion are herein referred to as the “Conversion Shares.”

Examples of Fixed Conversion Price in a sentence

• If the Maker shall at any time or from time-to-time after the Original Issuance Date, effect a combination or consolidation of the outstanding Common Shares, the Fixed Conversion Price shall be proportionately increased.

• The “Conversion Price” means US$0.10 (the “Fixed Conversion Price”) as such Fixed Conversion Price may be adjusted as provided herein (as applicable, the “Applicable Conversion Price”); provided, however, that if any Conversion Price under the foregoing definition results in a fractional amount, the fractional amount shall be rounded down to the nearest whole cent.

• The Maker shall, upon written request of the Holder, at any time, furnish or cause to be furnished to the Holder a like certificate setting forth such adjustments and readjustments, the Fixed Conversion Price, and the number of Common Shares and the amount, if any, of other securities or property which at the time would be received upon the conversion of this Note.

• For avoidance of doubt, all references in this Note to the Fixed Conversion Price or any other Conversion Price shall be construed to include adjustments as provided in this Note.

• If any adjustments to the Fixed Conversion Price under this Section 3.3 result in a fractional amount, the fractional amount shall be rounded down to the nearest whole cent.

More Definitions of Fixed Conversion Price

Fixed Conversion Price has the meaning given such term in the Minimum Borrowing Note.

Fixed Conversion Price shall have the meaning ascribed to it in the Debenture.

Fixed Conversion Price has the meaning contained in Section 3.1(b)

Fixed Conversion Price means, as of any date of determination, $0.10, subject to adjustment as provided herein.

Fixed Conversion Price means, as of any Conversion Date or other applicable date of determination, $5.95, subject to adjustment as provided herein.

Fixed Conversion Price means $0.2043, subject to adjustment as provided herein.

Fixed Conversion Price shall have the meaning ascribed to such term in the Notes.