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.

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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 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.

Examples of Preferred Conversion Price in a sentence

• All references to the Series A Preferred Conversion Price herein shall mean the Series A Preferred Conversion Price as so adjusted.

• Such initial Series A Preferred Conversion Price shall be adjusted from time to time in accordance with this Section 4.

• All references to the Series Preferred Conversion Price herein shall mean the Series Preferred Conversion Price as so adjusted.

• Conversely, if the Company shall at any time or from time to time after the Original Issue Date combine the outstanding shares of Common Stock into a smaller number of shares without a corresponding combination of the Preferred Stock, the Series A Preferred Conversion Price in effect immediately before the combination shall be proportionately increased.

• In any such case, appropriate adjustment shall be made in the application of the provisions of this Section 4 with respect to the rights of the holders of Series Preferred after the capital reorganization to the end that the provisions of this Section 4 (including adjustment of the Series Preferred Conversion Price then in effect and the number of shares issuable upon conversion of the Series Preferred) shall be applicable after that event and be as nearly equivalent as practicable.

More Definitions of Preferred Conversion Price

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

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

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

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 $7.50 per share of Series D Preferred Stock (not subject to any stock split, stock dividend, recapitalization or otherwise).