Market Conversion Price definition

Market Conversion Price means, as of any Conversion Date (as defined below) or other date of determination, 80% of the lowest VWAP of the Company’s Common Stock during the 10 Trading Days immediately preceding the Conversion Date. All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction.

Market Conversion Price means that price which shall be computed as ninety five percent (95%) of the lowest Volume Weighted Average Price of the Common Stock during the thirty (30) consecutive Trading Days immediately preceding the applicable Conversion Date. All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction.

Market Conversion Price means, as of any Conversion Date (as defined below) or other date of determination, 90% of the lowest VWAP of the Company’s Common Stock during the 10 Trading Days immediately preceding the Conversion Date. All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction. In that event that the Company’s Common Stock is uplisted to the Nasdaq as the Primary Market the Market Conversion Price shall not be less than 20% of the Market Conversion Price for the first conversion hereunder (the “Nasdaq Floor Price”).

Examples of Market Conversion Price in a sentence

• The Fixed Conversion Price and the Market Conversion Price are collectively referred to as the “Conversion Price.” The Conversion Price may be adjusted pursuant to the other terms of this Debenture.

• The Fixed Conversion Price and the Market Conversion Price are collectively referred to as the "Conversion Price." The Conversion Price may be adjusted pursuant to the other terms of this Debenture.

• Furthermore, in addition to any other remedies, the Holder shall have the right (but not the obligation) to convert this Debenture at any time after (x) an Event of Default at the Market Conversion Price or (y) the Maturity Date at the Market Conversion Price.

• This Federal Decree mandates that the University shall positively and efficiently participate in the development process of the U.A.E. by conducting and promoting distinguished educational programs, holding conferences and scientific researches, establishing centers and enhancing cooperation between the Arab and international Universities and institutes.

• The number of shares of Common Stock issuable upon conversion of any Conversion Amount pursuant to this Section 4(a) shall be determined by dividing (x) such Conversion Amount by (y) the Fixed Conversion Price or (z) the Market Conversion Price, as applicable (the “Conversion Rate”).

More Definitions of Market Conversion Price

Market Conversion Price means the Seventy-Five percent (75%) of the Market Price calculated through the last trading day immediately before the date the Conversion Rights are exercised in accordance with Section 4.3.1.

Market Conversion Price means (i) initially, the average Closing Bid Price for the Common Stock during the period of ten (10) Trading Days occurring immediately prior to the Initial Conversion Date [NOTE: IN THE EVENT THAT A DEBENTURE IS ISSUED AT THE TRANCHE C CLOSING, THE IMMEDIATELY PRECEDING WORDS "INITIAL CONVERSION DATE" IN SUCH DEBENTURE WILL BE REPLACED WITH THE WORDS "THE NINETIETH (90TH) DAY FOLLOWING THE TRANCHE C CLOSING DATE"] times one hundred and four percent (104%)(as adjusted from time to time for the events specified in Section 3 below) and (ii) during each period of thirty (30) days (each, a "Market Reset Period") beginning on the thirty first (31st) day following the Initial Conversion Date [NOTE: IN THE EVENT THAT A DEBENTURE IS ISSUED AT THE TRANCHE C CLOSING, THE IMMEDIATELY PRECEDING WORDS "THIRTY FIRST (31ST) DAY FOLLOWING THE INITIAL CONVERSION DATE" IN SUCH DEBENTURE WILL BE REPLACED WITH THE WORDS "THE ONE HUNDRED AND TWENTY FIRST (121ST) DAY FOLLOWING THE TRANCHE C CLOSING DATE"], the Market Conversion Price shall be equal to the average Closing Bid Price for the Common Stock during the period of ten (10) Trading Days occurring immediately prior to the first day of such Market Reset Period times one hundred and four percent (104%)(as adjusted from time to time for the events specified in Section 3 below)(the "Reset Market Conversion Price"); provided, however, that the Reset Market Conversion Price will apply to a Market Reset Period only if such price is equal to or less than the Market Conversion Price that applied during the immediately preceding period; otherwise, the Market Conversion Price that applied during the immediately preceding period will remain in effect during such Market Reset Period.

Market Conversion Price on any day means 101% of the average of the ----------------------- three lowest Closing Bid Prices for the Common Stock occurring during the period of ten (10) consecutive Trading Days immediately preceding (but not including) such day.

Market Conversion Price means a price equal to eighty five percent (85%) of the lowest VWAP during the 15 trading days immediately preceding the Conversion Date.

Market Conversion Price means, as of any Conversion Date (as defined below) or other date of determination, 90% of the lowest VWAP of the Company’s Common Stock during the 10 Trading Days immediately preceding the Conversion Date. All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction. Provided however at no time shall the Market Conversion Price be below $0.60 per share (the “Floor Price”).

Market Conversion Price means the VWAP of the Common Stock of the Company on the Trading Market for the five (5) trading days prior to the respective Adjustment Date.

Market Conversion Price means, as of any Conversion Date, the lowest average of the Closing Bid Prices of the Class A Common Stock