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

• If an Event of Default occurs under Section 3(a)(iv) above only, the Note Conversion Price and the Warrant Exercise Price will be lowered to $0.25 per Share.

• 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.

• At or in connection with the completion of the Qualified Offering, the entire principal amount and accrued interest of this Note shall be automatically converted into the Series F Preferred of the Company sold in a Qualified Offering at the Note Conversion Price.

• At and effective upon the closing of a Financing Event (a “Conversion Event”) prior to the Maturity Date, it is mandatory that all of the Principal Amount of this Note be automatically converted into such number of fully paid and non-assessable Conversion Shares (as defined below) as is equal to (x) the outstanding amount of this Note divided by (y) the then applicable Note Conversion Price (as defined below) times the applicable Conversion Discount (as defined below).

• If the Conversion Event occurs on or before 3 months from the Original Note Issuance Date, there shall be no discount to the 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 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 “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 the then current “Series A Issue Price,” as defined in and determined under the Parent Charter.

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

Note Conversion Price means the lowest per share purchase price paid for the Qualified Financing Securities by the investors of new money in the Qualified Financing, multiplied by 0.76; or