Redemption Conversion Price definition

Redemption Conversion Price means 80% multiplied by the lowest VWAP during the fifteen (15) Trading Days immediately preceding the date the applicable Redemption Notice is delivered.
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Redemption Conversion Price shall be defined as the average Volume Weighted Average Price for the 30 Scheduled Trading Days immediately preceding the Redemption Date.
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Redemption Conversion Price means eighty percent (80%) multiplied by the lowest daily VWAP during the ten (10) Trading Days immediately preceding the applicable measurement date, subject to the Floor Price.
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Examples of Redemption Conversion Price in a sentence

  • If any event requiring an adjustment under this Section 7 occurs during the period that a Redemption Conversion Price is calculated hereunder, then the calculation of such Redemption Conversion Price shall be adjusted appropriately to reflect such event.

  • Subject to the adjustments set forth herein, the conversion price for each Redemption Conversion shall be the Redemption Conversion Price.

  • For the avoidance of doubt, if the Redemption Conversion Price as of the True-Up Date is higher than the Redemption Conversion Price set forth in the applicable Redemption Notice, then Borrower shall have no obligation to deliver True-Up Shares to Lender, nor shall Lender have any obligation to return any excess Redemption Conversion Shares to Borrower under any circumstance.

  • If any event requiring an adjustment under this Section 7.2 occurs during the period that a Redemption Conversion Price is calculated hereunder, then the calculation of such Redemption Conversion Price shall be adjusted appropriately to reflect such event.

  • Company further agrees to add additional shares of Common Stock to the Share Reserve in increments of 100,000 shares as and when requested by Investor if as of the date of any such request the number of shares being held in the Share Reserve is less than three (3) times the number of shares of Common Stock obtained by dividing the Outstanding Balance as of the date of the request by the Redemption Conversion Price (as defined in the Note).


More Definitions of Redemption Conversion Price

Redemption Conversion Price means with respect to the Holder Initial Redemption, that price which shall be computed as 95% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the twenty consecutive Trading Days immediately preceding the applicable Holder Initial Redemption Date. All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during such period.
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Redemption Conversion Price means 70% of the lowest intra-day trading price of the Common Stock for the sixty (60) consecutive Trading Days prior to the date Lender delivers the Payoff Letter.
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Redemption Conversion Price means ninety percent (90%) multiplied by the lowest daily VWAP during the five (5) Trading Days immediately preceding the date the applicable Redemption Notice is delivered.
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Redemption Conversion Price means that price which shall be computed as 95% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the Trading Days during the Measuring Period. All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during such period.
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Redemption Conversion Price means eighty percent (80%) multiplied by the Nasdaq Minimum Price.
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Redemption Conversion Price means eighty-five percent (85%) multiplied by the lowest daily VWAP during the ten (10) Trading Days immediately preceding the date the applicable Redemption Notice is delivered.
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Redemption Conversion Price means, with respect to any given Company Optional Redemption Date, the lower of (i) the Conversion Price as in effect on such Company Optional Redemption Date and (ii) 92% of the lowest VWAP of the Common Stock during the five (5) consecutive Trading Day period ending and including the Trading Day immediately prior to such Company Optional Redemption Date. All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during any such measuring period.
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