Preferred Conversion Price definition

Preferred Conversion Price means a price per share of Preferred Conversion Stock of $1.4034, as adjusted for as adjusted for any stock splits, stock dividends, combinations, subdivisions, recapitalizations or the like.

Preferred Conversion Price means $1.39 per Series Preferred Share, as adjusted pursuant to paragraph 4 of Section II from time to time.

Preferred Conversion Price means $117.50, as adjusted pursuant to Section F.

Examples of Preferred Conversion Price in a sentence

• The Preferred Stock is convertible at any time into Common Stock at the applicable Preferred Conversion Price.

• Subsection ( l) to Section D.5 outlines procedures for an ―Automatic Conversion.‖ This subsection states:Each share of Series Preferred shall automatically be converted into shares of Common Stock, based on the then- effective applicable Series Preferred Conversion Price, (A) at any time upon the affirmative election of the holders of at least fifty-one percent (51%) of the then-outstanding shares of Series Preferred .

• If a different aggregate number of Plan Shares will be issued, then this Term Sheet (including the calculation of the Preferred Conversion Price and the amounts of the Preferred Conversion Floor and Preferred Conversion Cap, each as defined below) shall be revised accordingly.

• In the case of any Convertible Securities which expire by their terms not more than sixty (60) days following the issuance thereof, no adjustment of the Applicable Preferred Conversion Price shall be made until the expiration or exercise of all such Convertible Securities.

• No adjustment of the Applicable Preferred Conversion Price of any Preferred Share shall be made in an amount less than $0.01 per share, or if it has the effect of increasing the Applicable Preferred Conversion Price of any Preferred Share beyond the applicable Conversion Price in effect for such Preferred Share immediately prior to such adjustment.

More Definitions of Preferred Conversion Price

Preferred Conversion Price means $117.50, as adjusted pursuant to Section 5.

Preferred Conversion Price means the amount equal to the lesser of (i) the closing bid price of the common stock, as reported by Bloomberg, L.P. ("Bloomberg"), on the trading day immediately prior to the closing and (ii) 85% of the average of the three lowest closing bid prices, as reported by Bloomberg, for the ten (10) trading days immediately prior to the related notice of conversion, provided however, that the Preferred Conversion Price will have a floor price equal to 50% of the closing price reported on Bloomberg on the day of the closing. If the price of the Common Stock is below said floor for any five (5) out of ten (10) consecutive trading days, then the floor shall be reduced to 50% of the floor then in effect, on a continuing basis.

Preferred Conversion Price means the then applicable conversion price per share of the Company’s Series A Preferred Stock.

Preferred Conversion Price means $140, as adjusted pursuant to Section 5.

Preferred Conversion Price shall have the meaning set forth in Section 2.1(c)(iii). “Preferred Holders” shall mean holders of Preferred Units.

Preferred Conversion Price shall have the meaning set forth in the Preamble hereof.

Preferred Conversion Price means on the Closing Date Cdn. $0.35 per Common Share, as subsequently may be adjusted.