Note Conversion Price definition

Note Conversion Price means $0.035 per share, subject to adjustment as provided in the Note.

Note Conversion Price means the Note Conversion Price provided in the Note.

Note Conversion Price means $0.08, subject to adjustment as provided in the Note.

Examples of Note Conversion Price in a sentence

• The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing the Conversion Amount (as defined below) by the Note Conversion Price.

• In the event the Company shall in any manner, subsequent to the issuance of this Note, approve a reclassification involving a reverse stock split and subdivision of the Company’s issued and outstanding shares of Common Stock, the Note Conversion Price shall forthwith be adjusted by proportionately increasing the Note Conversion Price on the date that such subdivision shall become effective.

• In the event the Company shall in any manner, subsequent to the issuance of this Note, approve a reclassification involving a forward stock split and subdivision of the Company’s issued and outstanding shares of Common Stock, the Note Conversion Price shall forthwith be adjusted by proportionately decreasing the Note Conversion Price on the date that such subdivision shall become effective.

• Without limiting the generality of the foregoing or any other provision of this Agreement or the other Transaction Documents, the Company (a) shall not increase the par value of any Shares issuable upon conversion of the Notes above the Note Conversion Price then in effect and (b) shall take all such action as may be necessary or appropriate in order that the Company may validly and legally issue fully paid and nonassessable Shares upon the conversion of the Notes.

• If upon any conversion of this Note a fraction of a share would otherwise result, then, in lieu of such fractional share, the Company will pay the cash value of that fractional share, calculated on the basis of the applicable Note Conversion Price.

More Definitions of Note Conversion Price

Note Conversion Price shall have the meaning set forth in Section 4(d) hereof.

Note Conversion Price means the then current “Series A Issue Price,” as defined in and determined under the Parent Charter.

Note Conversion Price means the “Conversion Price” (as defined in the Note Purchase Agreement) at which the Notes convert into shares or units of Qualified Financing Securities, or otherwise for which shares or units of Qualified Financing Securities are issued by the Company in exchange for, or in satisfaction of its obligations under, the Notes in the Qualified Financing.

Note Conversion Price means a price per share equal to 75% of the price per share paid by the other purchasers of the Next Financing Securities sold in the Next Financing.

Note Conversion Price means an amount initially equal to One Hundred Dollars ($100) as such amount shall be adjusted from time to time in accordance with the provisions of Section 8 hereof.

Note Conversion Price means the offering price per share in a Qualified Offering.

Note Conversion Price means 70% of the per share purchase price paid for (i) the Qualified Financing Securities by the investors in the Qualified Equity Financing. (ii) the Non-Qualified Financing Stock issued to the investors in the Non-Qualified Financing, or (iii) the Change of Control Stock transferred to the recipients in connection with a Change of Control, in which this Note is converted, as applicable.