Per Share Conversion Price definition
Examples of Per Share Conversion Price in a sentence
After such payment, Public Stockholders holding IPO Shares as to which the Conversion Right shall have been properly exercised and perfected shall be entitled to look solely to the Company (subject to abandoned property, escheat and other similar Laws) as general creditors thereof with respect to the Per Share Conversion Price payable in respect of such IPO Shares.
The Per Share Conversion Price shall be subject to adjustment from time to time as provided in the Certificate of Designation.
The number of New Equity Securities issuable upon such conversion shall equal (i) the outstanding Principal and accrued, but unpaid, interest of this Note being converted, divided by (ii) the Financing Per Share Conversion Price.
The Preferred Stock shall be convertible into a number of shares of New Common Stock equal to the aggregate Face Amount of the shares so converted divided by the Per Share Conversion Price (i) at the election of the holder thereof after the Effective Date4 and (ii) as a class in its entirety, in whole but not in part, at any time after the Effective Date, at the option of the holders of 66 2/3rds of the aggregate outstanding Face Amount.
The Per Share Conversion Price equals One Dollar ten cents ($1.10), subject to the adjustment for any reverse or forward stock splits, stock dividends, stock combinations and other similar transactions of the Common Stock that may occur after the date of this Agreement.
Upon the final determination of the Company’s Adjusted 2008 EBITDA pursuant to the Section 5.2 of the Convertible Note, the Series C Conversion Price (as such term is used in the Charter) will be adjusted in an identical manner to the adjustment of the Per Share Conversion Price (as defined in the Convertible Note) pursuant to Section 5.2 of the Convertible Note (such adjusted Series C Conversion Price, the “Revised C Conversion Price”).
At any time prior to the Maturity Date, and on no more than four (4) occasions, the Company shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount under the Note and accrued but unpaid interest thereon, into shares of Common Stock, at the Per Share Conversion Price.
Each outstanding Certificate that, prior to the Effective Time, represented shares of Akashic Capital Stock will be deemed from and after the Effective Time, for all corporate purposes, to evidence only the right to receive, without interest thereon, the amount of cash calculated based on the applicable Per Share Conversion Price.
Any adjustment of less than $0.01 which is not made shall be carried forward and shall be made at the time of and together with any subsequent adjustment which, on a cumulative basis, amounts to an adjustment of $0.01 or more in such Per Share Conversion Price.
The Corporation shall, upon the written request at any time of any holder of Series A Preferred, furnish or cause to be furnished to such holder a like certificate setting forth (i) such adjustments and readjustments, if any, (ii) the Per Share Conversion Price of the Series A Preferred at the time in effect, and (iii) the number of shares of Common Stock and the amount, if any, of other property which at the time would be received upon the conversion of the Series A Preferred.