Maximum Conversion Price definition

Maximum Conversion Price means, as of any time, an amount (rounded to the nearest cent) equal to (a) the Liquidation Preference per share of Mandatory Convertible Preferred Stock, divided by (b) the Minimum Conversion Rate in effect at such time. Each reference in this Certificate of Designations or the Mandatory Convertible Preferred Stock to the Maximum Conversion Price as of a particular date without setting forth a particular time on such date will be deemed to be a reference to the Maximum Conversion Price immediately before the Close of Business on such date.

Maximum Conversion Price means U.S. $0.30 per Conversion Share.

Maximum Conversion Price means (i) for the period commencing on the date of original issuance of this Debenture and ending December 31, 1998, the amount of $7.00; provided, however, that in the event that during the period expiring ninety (90) days following the Closing Date, the Company offers, sells, contracts to sell or otherwise issues or agrees to issue any securities of the Company, convertible or otherwise, in a private placement financing transaction (other than pursuant to any existing plans or obligations of the Company as set forth on Schedule 3.4 attached to the Convertible Securities Subscription Agreement between the Company and the Holder), with a maximum conversion price per share of Common Stock of, or in the case of a Common Stock offering a purchase price per share equal to, an amount less than $7.00, then the "Maximum Conversion Price" for such period ending December 31, 1998 shall mean such lower conversion price or offer price per share; and provided further, that in the event of any stock split, subdivision, combination, reorganization, exchange, substitution or reclassification, such Maximum Conversion Price shall be equitably and appropriately adjusted to reflect such change; and (ii) for the period commencing January 1, 1999, 115% of the average closing bid price of the Common Stock as reported by the Bloomberg Service over the 1998 calendar year.

Examples of Maximum Conversion Price in a sentence

• No adjustment of the Maximum Conversion Price shall be made upon the actual issuance of such Common Stock or of such Convertible Securities upon the exercise of such Options or upon the actual issuance of such Common Stock upon conversion or exchange of such Convertible Securities.

• No adjustment of the Maximum Conversion Price shall be made upon the actual issue of such Common Stock upon conversion or exchange of such Convertible Securities, and if any such issue or sale of such Convertible Securities is made upon exercise of any Options for which adjustment of the Maximum Conversion Price had been or are to be made pursuant to other provisions of this Subsection 3(f)(i), no further adjustment of the Maximum Conversion Price shall be made by reason of such issue or sale.

• The reduction of the Maximum Conversion Price described in this paragraph is in addition to the other rights of the Holder described in the Subscription Agreement.

• The Conversion Price shall be the lesser of (a) $0.50 per share (the "Maximum Conversion Price"), and (b) 80% of the Fair Market Value of the Common Stock.

• In no event shall any such adjustment have the effect of increasing the Conversion Price, Maximum Conversion Price or Minimum Conversion Price as otherwise determined pursuant to this Article except in the event of a combination of shares of the type contemplated in Section 5.2 hereof, and then in no event to an amount greater than the Conversion Price, Maximum Conversion Price and Minimum Conversion Price as adjusted pursuant to Section 5.2 hereof.

More Definitions of Maximum Conversion Price

Maximum Conversion Price means initially $10.89 per Share subject to adjustment as provided for in “Conversion Ratio Adjustments,” in which case “Maximum Conversion Price” means the Maximum Conversion Price as adjusted from time to time. Following the adjustments effective as of May 13, 2022, the Maximum Conversion Price was $10.64050 per Share.

Maximum Conversion Price means initially $3.50 per share, as appropriately adjusted for any adjustments for which the adjustment to the Conversion Price provided for in subsections 6(c)(ii),(iii), (iv) and (v) applies.

Maximum Conversion Price shall have the meaning set forth in Section 3.2.

Maximum Conversion Price means the Maximum Conversion Price as adjusted from time to time.

Maximum Conversion Price means initially

Maximum Conversion Price means the quotient of (i) USD$2,222,222 divided by (ii) the aggregate number of outstanding common shares of the Company immediately prior to the Qualified Equity Financing (calculated on a undiluted basis);

Maximum Conversion Price is as defined in the definition of "Conversion Price".