Qualified Financing Conversion Price means a price per share equal to seventy percent (70%) of the price per share paid by the other cash purchasers of the capital stock sold in the Qualified Financing.
Qualified Financing Conversion Price means a price per share equal to $1.9565.
Qualified Financing Conversion Price means the product of (i) the lowest purchase price per share paid by the purchasers of the New Securities issued and sold in the Qualified Financing (provided, that, for the purposes of determining the “Qualified Financing Conversion Price” in connection with any Convertible Debt Conversion, any conversion discount applicable to the Convertible Debt Security being exercised, converted or exchanged in such Convertible Debt Conversion shall be excluded and disregarded from the calculation of the “Qualified Financing Conversion Price” in respect thereof), times (ii) either (x) 75%, in the event such Qualified Financing shall occur on or prior to June 30, 2013, or (y) 70%, in the event such Qualified Financing shall occur after June 30, 2013.
Examples of Qualified Financing Conversion Price in a sentence
The number of shares of Qualified Financing Securities that may be issued upon a conversion pursuant to this Section 3.1 shall equal the quotient obtained by dividing (i) the Outstanding Amount, by (ii) the Qualified Financing Conversion Price.
For the purpose of this Section 3.1, “Qualified Financing Conversion Price” shall mean 95% of the price per share paid by the purchasers of the Qualified Financing Securities in the Qualified Financing; provided, however, the Qualified Financing Conversion Price shall not be lower than $4.50.
More Definitions of Qualified Financing Conversion Price
Qualified Financing Conversion Price means the product of (i) the purchase price per share paid by the purchasers of the New Securities issued and sold in the Qualified Financing, times (ii) 70%.
Qualified Financing Conversion Price means sixty percent (60%) of the per share price paid by investors in the Qualified Financing for a share of Qualified Financing Stock.
Qualified Financing Conversion Price means the conversion price of the shares of the Company’s convertible preferred stock issued in the Qualified Financing, as set forth in the Charter and as from time to time adjusted in accordance with the provisions thereof.
Qualified Financing Conversion Price means a price per Unit equal to 50% of the price per Unit at which Securities are sold in the Qualified Financing.
Qualified Financing Conversion Price means, with respect to any series or class of Qualified Financing Conversion Stock, the lowest purchase price per share of such Qualified Financing Conversion Stock actually paid by the purchasers thereof in the applicable Qualified Financing.
Qualified Financing Conversion Price in connection with any Convertible Debt Conversion, any conversion discount applicable to the Convertible Debt Security being exercised, converted or exchanged in such Convertible Debt Conversion shall be excluded and disregarded from the calculation of the “Qualified Financing Conversion Price” in respect thereof), times (ii) either (x) 75%, in the event such Qualified Financing shall occur on or prior to June 30, 2013, or (y) 70%, in the event such Qualified Financing shall occur after June 30, 2013.
Qualified Financing Conversion Price in respect thereof), times (ii) either (x) 75%, in the event such Qualified Financing shall occur on or prior to June 30, 2013, or (y) 70%, in the event such Qualified Financing shall occur after June 30, 2013.