Principal Conversion Price definition

Principal Conversion Price means U.S. $8.00, subject to adjustment as provided for in this Section 5.
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Principal Conversion Price means the $0.90 per share of Preferred Stock.
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Principal Conversion Price means $0.05 until the first anniversary of the date of this Debenture and $0.10 thereafter.
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Examples of Principal Conversion Price in a sentence

  • The number of shares of Common Stock issuable upon conversion pursuant to Sections 5.1, 5.2 or 5.3 shall be determined by dividing (x) the Principal Amount (plus other amounts payable) and the amount accrued interest, as the case may be, to be paid (the “Conversion Amount”) by (y) the Mandatory Principal Conversion Price, the Optional Principal Conversion Price or the Interest Conversion Price, as applicable.

  • If at any time prior to the Maturity Date, Borrower issues or sells any additional shares of Preferred Stock or Common Stock at a price less than the Interest Conversion Price (the “New Share Price”), the Interest Conversion Price shall be reduced to the New Share Price, and the Principal Conversion Price shall be reduced proportionately based on the New Share Price.

  • Subject to Sections 2.14(d) and (e) below, the number of shares of Preferred Stock issued pursuant to this Section 2.3 shall be determined by dividing the amount of principal due by the Principal Conversion Price (rounded up to the next whole share).

  • At any time prior to repayment, Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount under the Note, into shares of Common Stock, at the Per Share Principal Conversion Price.


More Definitions of Principal Conversion Price

Principal Conversion Price means that price which shall be the lower of (i) the applicable Conversion Price and (ii) that price computed as 80% of the arithmetic average of the five (5) lowest Weighted Average Prices of the Common Stock during the twenty (20) consecutive Trading Day period ending on the Trading Day immediately preceding the Maturity Date (such period, the “Principal Measuring Period”). All such determinations to be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or similar transaction that proportionately decreases or increases the Common Stock during such Principal Measuring Period.
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Principal Conversion Price shall have the meaning specified in paragraph 3A.
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