Standard Conversion Price definition

Standard Conversion Price means, with respect to the Preferred Shares, as of any Conversion Date or other date of determination, $2.00, subject to adjustment as provided herein.

Standard Conversion Price means, as of any Conversion Date or other date of determination, $4.00, subject to adjustment as provided herein.

Standard Conversion Price means, with respect to any Conversion Date or other date of determination, the lower of (x) the Variable Conversion Price then in effect and (y) the Fixed Conversion Price then in effect.

Examples of Standard Conversion Price in a sentence

• No adjustment shall be made if such adjustment would result in an increase of the Standard Conversion Price then in effect.

• No further adjustment of the Standard Conversion Price shall be made upon the actual issuance of such Common Stock or of such Convertible Securities upon the exercise of such Options or upon the actual issuance of such Common Stock upon conversion, exchange or exercise of such Convertible Securities.

• If the Company at any time subdivides (by any stock split, stock dividend, recapitalization or otherwise) its outstanding shares of Common Stock into a greater number of shares, the Standard Conversion Price in effect immediately prior to such subdivision will be proportionately reduced.

• If the Company at any time combines (by combination, reverse stock split or otherwise) its outstanding shares of Common Stock into a smaller number of shares and the Standard Conversion Price in effect immediately prior to such combination will be proportionately increased.

• The Standard Conversion Price is equal to the lower of $6.00 per share and 80% of the average of the three lowest VWAPs during the 15 trading days ending and including the date of conversion.

More Definitions of Standard Conversion Price

Standard Conversion Price means, (x) with respect to the Initial Preferred Shares, as of any Conversion Date or other date of determination, $4.60 and (y) with respect to any Additional Preferred Shares, as of any Conversion Date or other date of determination, $5.05, in each case, subject to adjustment as provided herein.

Standard Conversion Price means $11.70 subject to adjustent provided herein.

Standard Conversion Price means, with respect to the Preferred Shares, $2.00, subject to adjustment as provided herein.

Standard Conversion Price means Seven and 21/100 Dollars ($7.21), subject to adjustment as provided herein.

Standard Conversion Price means, with respect to the Preferred Shares, as of any Conversion Date or other date of determination, $0.20, subject to adjustment as provided herein. Third: Section 2(b) of the Certificate of Designations is hereby deleted in its entirety and the following shall appear in its place:

Standard Conversion Price means, with respect to the Preferred Shares, as of any Conversion Date or other date of determination, $0.20, subject to adjustment as provided herein.” (b) Each Buyer hereby agrees that Section 2(b) of the Certificate of Designations shall be amended to read in its entirety as follows:

Standard Conversion Price means $8.69, subject to adjustment from time to time as provided herein .