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 has the meaning given such term in the Minimum Borrowing Note.

Examples of Fixed Conversion Price in a sentence

• No further adjustment to the Fixed Conversion Price will be made upon the actual issuance of such Common Stock upon conversion or exchange of such Convertible Securities.

• Additionally, the Borrower shall be deemed to have issued or sold shares of Common Stock if the Borrower in any manner issues or sells any Convertible Securities, whether or not immediately convertible (other than where the same are issuable upon the exercise of Options), and the price per share for which Common Stock is issuable upon such conversion or exchange is less than the Fixed Conversion Price then in effect, then the Fixed Conversion Price shall be equal to such price per share.

• The Conversion Price shall be the lesser of (i) the Variable Conversion Price (as defined herein) and (ii) the Fixed Conversion Price (as defined herein) (subject, in each case, to equitable adjustments for stock splits, stock dividends or rights offerings by the Borrower relating to the Borrower's securities or the securities of any subsidiary of the Borrower, combinations, recapitalization, reclassifications, extraordinary distributions and similar events).

• The Conversion Price shall be the lesser of (i) the Variable Conversion Price (as defined herein) and (ii) the Fixed Conversion Price (as defined herein) (subject, in each case, to equitable adjustments for stock splits, stock dividends or rights offerings by the Borrower relating to the Borrower’s securities or the securities of any subsidiary of the Borrower, combinations, recapitalization, reclassifications, extraordinary distributions and similar events).

• The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price.

More Definitions of Fixed Conversion Price

Fixed Conversion Price means $0.53 which has been determined on the date of this Note as an amount equal to 110% of the average closing price for ten (10) trading days immediately prior to the date of this 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 $0.

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 shall have the meaning ascribed to such term in the Notes.

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