Forced Conversion Price definition

Forced Conversion Price means the product of two (2) multiplied by the Conversion Price (subject to adjustment in accordance with Article 7, in which case it shall mean the adjusted price in effect at such time);

Forced Conversion Price means $20.77.

Forced Conversion Price means, as of any date, the lesser of (i) $2.00 (as appropriately adjusted for any stock dividend, stock split, reverse stock split or other similar transaction) and (ii) two hundred percent (200%) of the Conversion Price in effect as of such date.

Examples of Forced Conversion Price in a sentence

• In order to effect a Forced Conversion, (i) the daily VWAP must, on each of twenty (20) Trading Days occurring during any period of thirty (30) consecutive Trading Days (such period of thirty Trading Days, a “Forced Conversion Period”), be equal to or greater than the Forced Conversion Price and (ii) each of the Equity Conditions must be satisfied on each Trading Day occurring during the Forced Conversion Period and through and including the Forced Conversion Date.

• The "Forced Conversion Price" means the initial Forced Conversion Price as adjusted from time to time pursuant to Section 6 below.

• Each outstanding share of Series B Preferred Stock shall automatically be converted, without any further act of the Company or its stockholders, into the number of fully paid and nonassessable shares of Common Stock set forth in paragraph "C" of this Section VI, provided, however, that such automatic conversion shall occur if, and only if, for any 20 consecutive trading days, the closing price of the Common Stock equals or exceeds the Series B Forced Conversion Price.

• The redemption price of each share of Series B Preferred Stock so redeemed shall be an amount equal to the sum of (i) the product of (A) the number of shares of Common Stock into which one share of Series B Preferred Stock is then convertible and (B) the Series B Forced Conversion Price and (ii) all accrued and unpaid dividends.

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More Definitions of Forced Conversion Price

Forced Conversion Price initially means $1.80, as such price may be adjusted from time to time as shall result from the adjustments specified in this Warrant, including Section 4 hereto.

Forced Conversion Price means, as at any date when the Forced Conversion Price is to be determined, the minimum of the highest 20 closing prices for the Common Shares in any consecutive 30 day trading period hereafter on the Exchange or, if the Common Shares are not traded on the Exchange, on any other major stock exchange in the United States on which the Common Shares are traded;

Forced Conversion Price means the initial Forced Conversion Price as adjusted from time to time pursuant to Section 6 below. The Corporation has the forced conversion right after the Third Anniversary described above in clause (a) of this Section 5 (as opposed to the forced conversion right in connection with a Change of Control described above in clause (b), in which case the following restrictions do not apply) only if the average weekly closing bid price of the Conversion Stock as listed on the OTC Bulletin Board or wherever the Corporation's Conversion Stock then trades shall be greater than or equal to the Forced Conversion Price for a period of at least twelve out of thirteen consecutive weeks ending no more than ten days prior to the Forced Conversion Notice Date. Any notice of forced conversion must be given to all holders no less than fifteen days nor more than forty-five days prior to the date set forth for conversion (the "Forced Conversion Date").

Forced Conversion Price means, as of any date, $0.90 (as appropriately adjusted for any stock dividend, stock split, reverse stock split or other similar transaction).

Forced Conversion Price means, as of any particular date, an amount equal to the sum of (a) $6.45 plus (b) an amount equal to the quotient obtained by dividing (i) all dividends paid by the Corporation per share of Series A Preferred Stock prior to such date, by (ii) the number of shares of Common Stock receivable upon the conversion of one share of Series A Preferred Stock on such date by a Holder pursuant to Section 7(a) below; provided that in no event shall the Forced Conversion Price exceed the Holder Conversion Price then in effect.

Forced Conversion Price means twenty cents ($0.20), and shall be subject to adjustment as provided herein or in the Securities Purchase Agreement.

Forced Conversion Price means, with respect to any Share on any given date, $2.00 per share of Series E Preferred Stock (as adjusted for any stock splits, stock dividends, recapitalizations or similar transaction with respect to the Series E Preferred Stock).