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:
Conversion Share means any share of Common Stock issued or issuable upon conversion of any Note.
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.
Early Preference Share Redemption Notice means a notice of early redemption of some or all of the Preference Shares given by or on behalf of the Company in accordance with Condition 6 (Notices).
Conversion Stock means shares of Common Stock issued upon conversion of the Preferred Stock.
Company Conversion Price means, the lower of (i) the applicable Conversion Price and (ii) that price which shall be computed as 90% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the twenty (20) consecutive Trading Days immediately following the applicable Installment Date (each such period, 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 the applicable such Company Conversion Measuring Period.
PIPE Shares shall have the meaning given in the Recitals hereto.
Initial Conversion Price has the meaning specified in Section 13.01.
Conversion Shares means, collectively, the shares of Common Stock issuable upon conversion of the shares of Preferred Stock in accordance with the terms hereof.
Per Share Stock Consideration has the meaning set forth in Section 3.01(a)(i).
Series F Preferred Shares means the Series F 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.
Additional Shares shall have the meaning specified in Section 14.03(a).
Warrant Share Delivery Date shall have the meaning set forth in Section 2(d)(i).
Common Warrant Shares means the shares of Common Stock issuable upon exercise of the Common Warrants.
Conversion Consideration shall have the meaning specified in Section 14.12(a).
Closing Shares shall have the meaning ascribed to such term in Section 2.1(a)(i).
Series C Preferred Shares means the Company’s series C preferred shares, par value US$0.00001 per share.
Interest Share Amount shall have the meaning set forth in Section 2(a).
Series B Preferred Shares means the Series B Preferred Shares of the Company, par value US$0.0001 per share.
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.
Initial Share Price for a Share means the Closing Price on the Exchange (or where such Exchange does not announce or publish a Closing Price, the last traded price, or, if necessary, the mid-market price) for that Share on the Initial Valuation Date, subject to adjustments that may be made pursuant to “DESCRIPTION OF THE NOTES – Adjustments and Exceptional Circumstances”.
Common Share Price means the volume weighted average per share trading price of the Common Shares on the TSX for the 10 consecutive Trading Day period ending on the Trading Day immediately before the occurrence of a Trigger Event, or if the Common Shares are not then listed on the TSX, the principal stock exchange on which the Common Shares are then listed or quoted (being the stock exchange with the greatest volume of trading in the Common Shares during the previous six months), or if such shares are not listed or quoted on any stock exchange, or if no such trading prices are available, the Floor Price.
Series D Preferred Shares means the Company’s series D preferred shares, par value US$0.00001 per share.
A Shares means a participating share of no par value in the capital of the Fund, denominated in US Dollars;
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.