Mandatory Conversion Price definition

Mandatory Conversion Price means 200% of the Conversion Price, as adjusted pursuant to the provisions of Section 11(a). The Mandatory Conversion Price shall initially be $3.88.

Mandatory Conversion Price means 175% of the Conversion Price, as adjusted pursuant to the provisions of Section 11(a). The Mandatory Conversion Price shall initially be $29.3125.

Mandatory Conversion Price means $54.00, as adjusted pursuant to the provisions of Section 11(a).

Examples of Mandatory Conversion Price in a sentence

• The number of shares of Common Stock to be issued as a result of the automatic conversion of the Note (the “Conversion Shares”) shall be calculated by dividing: (x) all or any portion of the outstanding and unpaid principal and interest of this Note, by (y) the Mandatory Conversion Price.

• With respect to the principal amount of any Debentures to be converted pursuant to a Mandatory Redemption and subject to such invalidation, the conversion price as to any conversions pursuant to Section 4(a)(i) thereafter shall equal the Mandatory Conversion Price on the date such demand is made (notwithstanding the fact that such a date may not be a Mandatory Conversion Date).

• The Mandatory Conversion Price for any deferred Conversion Amount, shall be calculated at the date when actually converted, not at the time of deferral.

• Under these circumstances, on April 5, 2002, the Company shall redeem $350,000 principal amount of this Debenture, $250,000 of which shall be paid by the issuance of Conversion Shares based on the Mandatory Conversion Price on the Mandatory Redemption Date and the balance of $100,000, shall be paid in cash.

• In the event that the Holder is precluded under this Subsection 7(c) from demanding a cash payment for accrued liquidated damages, the Holder may elect to demand shares of Common Stock in lieu of cash based on a conversion rate equal to the Mandatory Conversion Price (notwithstanding the fact that such date may not be a Mandatory Conversion Date).

More Definitions of Mandatory Conversion Price

Mandatory Conversion Price means, with respect to any Mandatory Conversion that price which shall be the lower of (i) the applicable Conversion Price as in effect on the applicable Mandatory Conversion Date, and (ii) 80% the sum of (A) the VWAP of the Common Stock for each of the three (3) Trading Days with the lowest VWAP of the Common Stock during the twenty (20) consecutive Trading Day period ending on and including the Trading Day immediately prior to the applicable Mandatory Conversion Date divided by (B) three (3) (such period, the “Mandatory 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 Mandatory Conversion Measuring Period.

Mandatory Conversion Price means, as of any date, 175% of the Conversion Price, as of such date. The Mandatory Conversion Price shall initially be $31.0625.

Mandatory Conversion Price means 150% of the then-applicable Conversion Price, as adjusted pursuant to the provisions of Section 11(a). The Mandatory Conversion Price shall initially be $0.96.

Mandatory Conversion Price means, at any time, 250% of the Conversion Price as of such time.

Mandatory Conversion Price means 200.0% of the then-current Conversion Price.

Mandatory Conversion Price means the product of (i) 1.50 and (ii) the Conversion Price, as adjusted pursuant to the provisions of Section 11(a).

Mandatory Conversion Price means, as of any date, the product of (a) 150%, multiplied by (b) (i) the Liquidation Preference per Series A Preferred Share as of such date, divided by (ii) the Conversion Rate as of such date, multiplied by (c) the BRL to USD Exchange Rate as of such date. The Mandatory Conversion Price shall initially be US$38.0203.