Series A Conversion Price definition

Series A Conversion Price shall initially be equal to $0.71. Such initial Series A Conversion Price, and the rate at which shares of Series A Preferred Stock may be converted into shares of Common Stock, shall be subject to adjustment as provided below.

Series A Conversion Price means, as of the applicable Conversion Date, the greater of (A) the average of the Market Values of the Common Stock for the five consecutive Trading Days preceding (but not including) such Conversion Date, or (B) the then effective Series A Minimum Conversion Price.

Series A Conversion Price means $0.307692 per share for the Series A Preferred Stock (subject to adjustment from time to time for Recapitalizations and as otherwise set forth elsewhere herein).

Examples of Series A Conversion Price in a sentence

• Notwithstanding anything to the contrary, in no case will any adjustment be made if it would result in an increase to the then effective Series A Conversion Price.

• The Manager shall make appropriate adjustments to the Series A Price, in its reasonable and good faith determination, to account for any adjustment to the Series A Conversion Price that becomes effective, or any event requiring an adjustment to the Series A Conversion Price where the Series A Ex-Distribution Date, effective date or expiration date of the event occurs during such five Trading Day period.

• At any time following the second (2nd) anniversary of the Series A Original Issue Date, each Series A Preferred Mirror Unit still outstanding shall be convertible at the election of the Series A Holder thereof, and without the payment of additional consideration by the Series A Holder thereof, into a number of Class A Common Units of the Company equal to the quotient of (i) the Series A Stated Value of the Series A Preferred Mirror Units to be converted, divided by (ii) the Series A Conversion Price.

• The adjusted Series A Prices shall equal (A) the Series A Prices applicable immediately prior to such adjustment, multiplied by (B) a fraction, the numerator of which is the Series A Conversion Price immediately prior to such adjustment giving rise to the Series A Price adjustment and the denominator of which is the Series A Conversion Price as so adjusted.

• The Series A Additional Units issuable upon conversion set forth in the table below shall be adjusted in the same manner and at the same time as the Series A Conversion Price as set forth in this Section 17.07(b).

More Definitions of Series A Conversion Price

Series A Conversion Price means the price at which Ordinary Shares shall be deliverable upon conversion of the Series A Preferred Shares as stipulated in Article 16.

Series A Conversion Price shall initially be the Series A Original Issue Price. Such initial Series A Conversion Price and the rate at which Series A Preferred Shares may be converted into Common Shares, shall be subject to adjustment as provided below.

Series A Conversion Price has the meaning specified in the Memorandum and Articles;

Series A Conversion Price means an amount initially equal to eighty cents ($0.80) (subject to appropriate adjustment in the event of any stock dividend, stock split, combination or other similar recapitalization affecting such shares) minus the Series A Adjustment Amount, subject to adjustment as provided herein.

Series A Conversion Price means $0.80 price per share.

Series A Conversion Price shall have the meaning set forth in Section 6(a) of the Statement of Designations.

Series A Conversion Price shall have the meaning set forth in Section 5(b) hereof.