Initial Issuance Price definition

Initial Issuance Price means $3.00 per share.
Sample 1Sample 2Sample 3
Initial Issuance Price means the initial purchase price per share of the Series E Preferred Stock which shall be One Thousand Dollars ($1,000) per share.
Sample 1

Examples of Initial Issuance Price in a sentence

  • At any time following the end of the forty eighth (48th) month following the Original Issue Date, each share of Preferred Stock shall be redeemable at the option of the Holder thereof for an amount equal to the Initial Issuance Price (adjusted to reflect any stock splits, stock dividends or like events) plus any accrued and unpaid dividends thereon.

  • Each share of Preferred Stock shall be convertible, at any time and from time to time from and after the Original Issue Date at the option of the Holder thereof, into that number of shares of Common Stock determined by dividing the Initial Issuance Price of such share of Preferred Stock by the Conversion Price.

  • At any time following a Forced Conversion Trigger (but only for so long as all of the conditions in the definition of “Forced Conversion Trigger” remain satisfied), the Corporation shall have the right to convert all shares of Preferred Stock then outstanding into that number of shares of Common Stock determined by dividing the Initial Issuance Price of such shares of Preferred Stock by the Conversion Price.

  • At any time following a Forced Conversion Trigger (but only for so long as all of the applicable conditions in the definition of "Forced Conversion Trigger" remain satisfied), the Corporation shall have the right to convert up to, as applicable, (x) half of all, or (y) all, shares of Preferred Stock then outstanding into that number of shares of Common Stock determined by dividing the Initial Issuance Price of such shares of Preferred Stock by the Conversion Price.

  • The Initial Issuance Price and each subsequent Additional Issuance Price shall be payable in U.S. dollars and the number of Common Shares issuable therefor (and the issue price per Common Share) shall be calculated in U.S. dollars in accordance with the terms of this Agreement.

  • Effective immediately upon receipt by Baan of the Initial Issuance Price, Baan shall automatically become and be obligated to issue to Fletxxxx xx a demand obligation the Initial Issuance Price in the form of Initial Common Shares.

  • At any time following the issuance of the Series E Preferred Stock, the Corporation shall have the right (but not the obligation) to redeem all or part of the Series E Preferred Stock at a price per share equal to 110% of the (i) Initial Issuance Price, plus (ii) the Additional Amount (“Corporation Redemption Price”).

  • The initial conversion price per share for any series of Preferred Stock (the “Conversion Price”) shall be the Initial Issuance Price applicable to such series of Preferred Stock; provided, however, that the Conversion Price applicable to any series of Preferred Stock shall be subject to adjustment as set forth in Section 4(d) below.

  • For purposes of fulfilling the payment obligation on the Common Shares pursuant to the Private Deed of Issuance executed on such Date of Issuance, the Guilder/Euro Aggregate Issue Price shall be paid by Fletxxxx xx Baan by deducting the equivalent of the Guilder/Euro Aggregate Issue Price denominated in U.S. Dollars using the Conversion Rate (which equals the US Issuance Price) from the Initial Issuance Price or the Additional Issuance Price, as the case may be, already paid by Fletxxxx xx Baan.

  • Fletxxxx xxxll cause to be wire transferred to Baan, in accordance with instructions set forth in Section 15, the Initial Issuance Price, in immediately available United States dollars.

Related to Initial Issuance Price

  • Issuance Price means the Sales Price less the Selling Commission.

  • Initial Issuance Date means the Closing Date of the first Series of Notes issued to the Holders.

  • Initial Issue Price means the price (excluding any Preliminary Charge) per Share at which Shares are initially offered in a Fund during the Initial Offer Period as specified in the Supplement for the relevant Fund;

  • Issuance Amount means the aggregate Sales Price of the Shares to be sold by the Agent pursuant to any Issuance Notice.

  • Conversion Price means as of any time, $1,000, divided by the Conversion Rate as of such time.

  • New Conversion Price means the amount determined in accordance with the following formula, which shall apply from the QTE Effective Date: NCP = ECP * (VWAPAES / VWAPOS) where:

  • Series B Original Issue Price means $1.309997 per share,

  • Original Issuance Date means the date of the first issuance of this Debenture regardless of the number of transfers hereof.

  • Series A Original Issue Price means $1.00 per share, subject to appropriate adjustment in the event of any stock dividend, stock split, combination or other similar recapitalization with respect to the Series A Preferred Stock.

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

  • Dilutive Issuance Notice shall have the meaning set forth in Section 5(b).

  • Base Conversion Price shall have the meaning set forth in Section 5(b).

  • Series C Original Issue Date means the date on which the first share of Series C Preferred Stock was issued.

  • Series B Original Issue Date means the date on which the first share of Series B Preferred Stock was issued.

  • Original Issue Price means $1.10 per share for the Series A Preferred Stock, $1.78 for the Series B Preferred Stock, $2.58 per share for the Series C Preferred Stock, $2.80 per share for the Series D Preferred Stock, and $4.00 per share for the Series E Preferred Stock (each subject to adjustment from time to time as set forth elsewhere herein).

  • Series B Conversion Price means, as of the applicable Conversion Date, the greater of (A) the average of the Market Values of the Common Stock for the five consecutive Trading Days preceeding (but not including) such Conversion Date, or (B) the then effective Series B Minimum Conversion Price.

  • Exchange Price means as of any date, $1,000, divided by the Exchange Rate as of such date.

  • Issuance Period shall have the meaning specified in paragraph 2B(2).

  • Applicable Conversion Price means the Conversion Price in effect at any given time.

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

  • Initial Issue Date means the date of the first issue of Units, which shall be the Business Day immediately before the Listing Date.

  • Series D Original Issue Date means the date on which the first share of Series D Preferred Stock was issued.

  • Maximum Trade Price means the highest Spot Price of the Units (subject to any adjustment to such Spot Price as may be necessary to reflect any event as contemplated in Product Condition 3 such as capitalisation, rights issue, distribution or the like) during the MCE Valuation Period;

  • Variable Conversion Price means the lesser of (i) the Conversion Price or (ii) 25% multiplied by the Market Price (as defined herein) (representing a discount rate of 75%). “Market Price” means the average of the lowest three (3) Trading Prices (as defined below) for the Common Stock during the ten (10) Trading Day period ending on the latest complete Trading Day prior to the Conversion Date. “Trading Price” means, for any security as of any date, the closing bid price on the Over-the-Counter Market, or applicable trading market (the “OTCQB”) as reported by a reliable reporting service (“Reporting Service”) designated by the Holder (i.e. Bloomberg) or, if the OTCQB is not the principal trading market for such security, the closing bid price of such security on the principal securities exchange or trading market where such security is listed or traded or, if no closing bid price of such security is available in any of the foregoing manners, the average of the closing bid prices of any market makers for such security that are listed in the “pink sheets” by the National Quotation Bureau, Inc. If the Trading Price cannot be calculated for such security on such date in the manner provided above, the Trading Price shall be the fair market value as mutually determined by the Borrower and the holders of a majority in interest of the Notes being converted for which the calculation of the Trading Price is required in order to determine the Conversion Price of such Notes. “Trading Day” shall mean any day on which the Common Stock is tradable for any period on the OTCQB, or on the principal securities exchange or other securities market on which the Common Stock is then being traded, provided, however, that at no time, notwithstanding the occurrence of an Event of Default, may the Conversion Price be less than par value of Common Stock.

  • Dilutive Issuance shall have the meaning set forth in Section 5(b).

  • Series A Conversion Price shall initially be equal to $0.71. Such initial Series A Conversion Price, and the rate at which shares of Series A Preferred Stock may be converted into shares of Common Stock, shall be subject to adjustment as provided below.