Reset Conversion Price definition

Reset Conversion Price means the greater of (a) $5.00 and (b) the 10-trading day volume-weighted average closing price of the Holdco Common Stock.

Reset Conversion Price means, on each Reset Date, the US Dollar price per ADS which is the greater of:

Reset Conversion Price has the meaning provided in Condition 6.4.

Examples of Reset Conversion Price in a sentence

• Accordingly, with respect to Notices of Conversion effected during a Measurement Period, in the event the Conversion Price is reduced pursuant to this Section, within the 3 Trading Days immediately following the end of such Measurement Period, the Corporation shall issue the applicable Holder additional Conversion Shares based on a Conversion Price equal to the Reset Conversion Price with respect to such Notices of Conversion.

• 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, the Conversion Cap in effect immediately before the combination shall be proportionately decreased and the then existing Initial Conversion Price and the then existing Reset Conversion Price (if a Reset Date has occurred) proportionately increased.

• In the event that the conversion price was greater than 120% of the average of the volume-weighted average price of the Common Stock for the period of ten consecutive trading days ending on September 14, 2020 (the "Reset Conversion Price"), the conversion price for the Notes would be adjusted downward to such Reset Conversion Price.

• If the Company shall at any time or from time to time after the Original Issue Date effect a subdivision of the outstanding Common Stock, the Conversion Cap in effect immediately before that subdivision shall be proportionately increased and the Initial Conversion Price and the then existing Reset Conversion Price (if a Reset Date has occurred) proportionately decreased.

• Subject to adjustment pursuant to Section 6.B., each share of Series A Preferred Stock shall be converted into the number of shares determined by dividing $1.50 by the lesser of (i) the Reset Conversion Price (as defined below) in effect as of the date of conversion and (ii) the Conversion Price (as defined below) in effect as of the date of conversion.

More Definitions of Reset Conversion Price

Reset Conversion Price means the greater of (a) $5.00 and (b) the 10-Trading Day volume-weighted average Closing Price of the Common Stock.

Reset Conversion Price means (A) during the period beginning on the First Reset Date and ending on the day immediately preceding the Second Reset Date (each as defined below), the lesser of (i) the Initial Conversion Price and (ii) the average Closing Bid Price for the Common Stock during the period of twenty (20) Trading Days immediately preceding (but not including) the First Reset Date and (B) at all times on or after the Second Reset Date, the lesser of (i) the Conversion Price in effect on the day immediately preceding the Second Reset Date and (ii) the average Closing Bid Price for the Common Stock during the period of twenty (20) Trading Days immediately preceding (but not including) the Second Reset Date.

Reset Conversion Price means U.S. $2.00 per share, subject to adjustment in the event that the Issuer issues new shares, rights or other equity or equity related securities at or equivalent to a price per share below U.S. $2.00.

Reset Conversion Price means the 20 trading day average closing bid price of the Common Stock (as reported by Bloomberg, L.P.) ending on the trading day prior to the Release Date.

Reset Conversion Price means the adjusted conversion price upon the

Reset Conversion Price means the average of the Per Share Market Values during the five Trading Days preceding the applicable Reset Date; provided, that (1) such five Trading Day period shall be extended for the number of Trading Days during such period in which (A) trading in the Common Stock is suspended by the NASDAQ or a Subsequent Market on which the Common Stock is then listed, or (B) after the date declared effective by the Commission, the Underlying Shares Registration Statement is not effective, or (C) after the date declared effective by the Commission, the Prospectus included in the Underlying Shares Registration Statement may not be used by the Holder for the resale of Underlying Shares; and (2) the Reset Conversion Price that will control during any monthly period shall equal the lowest Reset Conversion Price determined from the initial Reset Date.

Reset Conversion Price means the average volume-weighted closing price of Shares for the ten (10) days immediately after the commencement date of the Conversion Period.