Issue Date Conversion Shares definition

Issue Date Conversion Shares means, with respect to the Closing Date, the number of shares of Common Stock equal to (x) the Purchase Price paid by the Buyer on the Closing Date, divided by (y) the Fixed Conversion Price (without regard to whether or not the Debentures were convertible on such date in accordance with their terms).
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Issue Date Conversion Shares means the number of shares of Common Stock issuable upon conversion of the principal and interest on this Note applying the applicable Conversion Price as of the Closing Date. Determination of the “Specified Conversion Price” (as defined below) is applicable only in the following circumstances (assuming all other conditions to such conversion are in effect): (i) if the VWAP (as defined below) is determined as of the end of a Regular Trading Day, where a “Regular Trading Day” shall mean the regular trading hours of any Trading Day during which the principal trading market for the Common Stock of the Company (“Principal Trading Market”) shall be open for business (generally such hours being 9:30 a.m. to 4:00 p.m. eastern time, provided such hours may vary); and (ii) the Company pays Periodic Amounts (as defined in the Registration Statement ) in shares of Common Stock. The “Specified Conversion Price” is the amount equal to seventy five (75%) of the VWAP for the five (5) Trading Days ending on the Trading Day immediately before the relevant interest payment date or the relevant date for computing the Periodic Amount, as the case may be.
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Examples of Issue Date Conversion Shares in a sentence

  • The term "Issue Date Conversion Shares" means the number of shares of Common Stock equal to (x) the Purchase Price paid by the Lender on the Closing Date, divided by (y) $0.16.

  • This Warrant was originally issued to the Holder of the Holder’s predecessor in interest on _____________, 20073 (the “Issue Date”).___________________________1Insert unique sequential number for each Warrant.2Insert number equal to Buyer’s Issue Date Conversion Shares for the Closing Date.

  • This Warrant was originally issued to the Holder of the Holder’s predecessor in interest on _____________, 20073 (the “Issue Date”).____________________1Insert unique sequential number for each Warrant.2Insert number equal to Buyer’s Issue Date Conversion Shares for the Closing Date.

  • The Company agrees to issue to the Lender on each Closing Date transferable warrants (the "Warrants"), with cashless exercise rights (subject to certain conditions provided in the Warrants), for the purchase of one (1) share of Common Stock for each two (2) Issue Date Conversion Shares (as defined below).

  • Insert number equal to one hundred percent (100%) of the Buyer’s Issue Date Conversion Shares.

  • The Company agrees to issue to the Buyer on each Closing Date transferable warrants (the "Warrants"), with cashless exercise rights and automatic exercise provisions, for the purchase of the number of shares equal to (x) thirty-seven and one-half percent (37/5%) of (y) the number of Issue Date Conversion Shares for such Closing Date.

  • The Company agrees to issue to the Lender on the Closing Date transferable warrants (the "Warrants") for the purchase of 29,750 shares of Common Stock for each 100,000 Issue Date Conversion Shares (as defined below).

  • The Company agrees to issue to the Lender on each Closing Date transferable warrants (the "Warrants"), with cashless exercise rights, for the purchase of one (1) share of Common Stock for each Issue Date Conversion Shares (as defined below).

Related to Issue Date Conversion Shares

  • Interest Conversion Shares shall have the meaning set forth in Section 2(a).

  • 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.

  • Company Convertible Notes means the convertible notes issued by the Company pursuant to the convertible note purchase agreement by and among the Company, PA Grand Opportunity Limited and other investors named therein dated June 6, 2016, as amended on June 13, 2016.

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

  • Conversion Share means any share of Common Stock issued or issuable upon conversion of any Note.

  • 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.

  • 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:

  • Forced Conversion Amount means the sum of (a) 100% of the aggregate Stated Value then outstanding and (b) all liquidated damages and other amounts due in respect of the Preferred Stock.

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

  • Conversion Shares means, collectively, the shares of Common Stock issuable upon conversion of the shares of Preferred Stock in accordance with the terms hereof.

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

  • Exchange Debentures has the meaning set forth in Section 2(a) hereof.

  • Alternate Conversion Price means, with respect to any Alternate Conversion that price which shall be the lowest of (i) the applicable Conversion Price as in effect on the applicable Conversion Date of the applicable Alternate Conversion, and (ii) the greater of (x) the Floor Price and (y) 80% of the lowest VWAP of the Common Stock during the five (5) consecutive Trading Day period ending and including the Trading Day immediately preceding the delivery or deemed delivery of the applicable Conversion Notice (such period, the “Alternate Conversion Measuring Period”). All such determinations to be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or similar transaction that proportionately decreases or increases the Common Stock during such Alternate Conversion Measuring Period.

  • Class B Warrants means, collectively, the Common Stock purchase warrants in the form of Exhibit C attached hereto delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which warrants shall be exercisable immediately and have a term of exercise equal to one year.

  • Series B Warrants means, collectively, the Series B Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof and the other Series B Warrants contemplated under Section 2.1 to be issued concurrently at the Closing, which Series B Warrants shall be exercisable beginning immediately and have a term of exercise equal to five (5) years, in the form of Exhibit B-2 attached hereto.

  • Company Conversion Price means, as of any date of determination, the price which shall be the lower of (i) the applicable Conversion Price and (ii) that price computed as 90% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the ten (10) consecutive Trading Days ending on the Trading Day immediately preceding the applicable Company Redemption Date (each a “Company Conversion Measuring Period”). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction that proportionately decreases or increases the Common Stock during such Company Conversion Measuring Period.

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

  • Interest Conversion Price means, with respect to any Interest Date, that price which shall be computed as 100.0% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the ten (10) consecutive Trading Days immediately preceding the applicable Interest Date (each, an “Interest Measuring Period”). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during such period.

  • Series E Preferred Shares means the Series E Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Series B-2 Preferred Stock means shares of the Company’s Series B-2 Preferred Stock, par value $0.001 per share.

  • Conversion Shares Registration Statement means a registration statement that registers the resale of all Conversion Shares of the Holders, who shall be named as “selling stockholders” therein and meets the requirements of the Registration Rights Agreement.

  • Series C Warrants means, collectively, the Series C Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to 9 months, in the form of Exhibit A attached hereto.

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

  • Conversion Securities has the meaning set forth in Section 4.08(b).

  • Series C Preferred Shares means the Company’s series C preferred shares, par value US$0.00001 per share.

  • Series H Preferred Stock means the Corporation's Series H Convertible Preferred Stock, par value $0.004 per share.