Maturity Conversion Price definition

Maturity Conversion Price means, as of any date of determination, $3.13 per share of Common Stock (as such price may have been adjusted on or prior to such date pursuant to Section 4.1 or 4.2, if applicable).

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Maturity Conversion Price means the arithmetic average of the Weighted Average Price of the Common Stock on each trading day during the Maturity Measuring Period.

Maturity Conversion Price means the Initial Conversion Price.

Examples of Maturity Conversion Price in a sentence

The Change of Control Notice shall include (A) the material terms and conditions of the proposed transaction, including the material terms of all transaction documents to be entered into by other holders of the Common Stock in connection with the applicable Change of Control, (B) the anticipated date on which the Change of Control will occur, and (C) the Maturity Conversion Price.
As to any fraction of a share which the Holder would otherwise be entitled to purchase upon such conversion, the Company shall at its election, either pay a cash adjustment in respect of such final fraction in an amount equal to such fraction multiplied by the QF Conversion Price or the Maturity Conversion Price, as applicable, or round up to the next whole share.
Investor may elect to collect the full and final balance due and outstanding on the Note, including all accrued and unpaid interest thereon, on the Maturity Date (i) in cash, or (ii) by converting all or any portion of such outstanding balance into shares of Common Stock at the Maturity Conversion Price (as “Maturity Conversion”).
In addition, upon conversion under this Section 4(e), the Holder of the Note shall automatically receive a warrant to purchase 100% of that number of shares of Common Stock into which the Note automatically converts under this Section 4(e), which warrant shall be exercisable for five years at an exercise price equal to 100% of the Maturity Conversion Price.
So long as a Qualified Financing has not been consummated and the Company has not repaid all outstanding principal and interest, on the day following the Maturity Date, this Note shall be automatically converted, in whole (subject to the conversion limitations set forth in Section 4(h) hereof), into shares of Common Stock (the “Maturity Conversion Shares”) at the Maturity Conversion Price.

More Definitions of Maturity Conversion Price

Maturity Conversion Price means that price which shall be the lower of (i) the applicable Conversion Price and (ii) the price computed as 92.5% of the arithmetic average of the Weighted Average Price of the Common Shares on the Principal Market or NASDAQ during each of the twelve (12) consecutive Trading Days beginning on the Trading Day immediately following the Maturity Date (such period, the “Maturity Conversion Measuring Period”); provided, however, that if such arithmetic average of the Weighted Average Price during the Maturity Conversion Measuring Period shall yield a price that is less than $1.00, then the Maturity Conversion Price shall be computed as 90% of the arithmetic average of the Weighted Average Price of the Common Shares on the Principal Market or NASDAQ during the Maturity Conversion Measuring Period.

Maturity Conversion Price means the product of (A) 95% multiplied by (B) the arithmetic average of the Weighted Average Price of the Common Stock on each trading day during the 30 consecutive trading days immediately preceding the Maturity Date. All such determinations shall be appropriately adjusted for any stock dividend, stock split or other similar transaction during such period.

Maturity Conversion Price has the meaning set out in item 5 of Schedule 1;

Maturity Conversion Price means the arithmetic average of the Weighted Average Price of the Common Stock on each trading day during the Maturity Measuring Period; provided, however, that for each Price Failure Date during the Maturity Measuring Period, for purposes of calculating the Maturity Conversion Price, the Weighted Average Price of the Common Stock on such Price Failure Date shall be equal to $3.00 (subject to adjustment for stock splits, stock dividends, stock combinations and similar transactions).

Maturity Conversion Price means that price which shall be the lower of (i) the applicable Conversion Price and (ii) the price computed as 95% of the arithmetic average of the Weighted Average Price of the Common Shares during each of the twelve (12) consecutive Trading Days beginning on the Trading Day immediately following the Maturity Date (such period, the "Maturity Conversion Measuring Period"); provided, however, that if such arithmetic average of the Weighted Average Price during the Maturity Conversion Measuring Period shall yield a price that is less than $1.00, then the Maturity Conversion Price shall be computed as 90% of the arithmetic average of the Weighted Average Price of the Common Shares during the Maturity Conversion Measuring Period. Notwithstanding the foregoing, in the event that as a result of the application of the Exchange Cap the Company is unable to issue Common Shares on the Maturity Settlement Date using the Maturity Conversion Price as calculated pursuant to the foregoing sentence, then the Maturity Conversion Price shall be the price equal to the arithmetic average of the Weighted Average Price of the Common Shares during each of the five (5) consecutive Trading Days ending on the Trading Day immediately preceding the Maturity Settlement Date.

Maturity Conversion Price shall have the meaning set forth in Section 7(c)(iii).