Conversion Price

Conversion Price. 50% of the lowest Per Share Market Value of the five (5) Trading Days immediately preceding a Conversion Date, whichever is lowest.

Conversion Price. Shall mean the per share price(s) at which some or all of the outstanding principal amount plus all accrued interest thereon is converted or convertible pursuant to Section 2(a), and in all cases as adjusted pursuant to Section 2(d).

Conversion Price. The `Conversion Price' for Optional Convertible Debt shall mean $8.01 per share of Conversion Stock (the "Per Share Price"), as appropriately adjusted to reflect the effect of stock splits and combinations, stock dividends, recapitalizations and reorganizations of or on the Conversion Stock after the Amendment Date; provided, however, that the "Conversion Price" for Optional Convertible Debt shall mean $6.675 per share of Conversion Stock, as appropriately adjusted to reflect the effect of... stock splits and combinations, stock dividends, recapitalizations and reorganizations of or on the Conversion Stock after the Amendment Date, if following the Amendment Date the Company closes its next round of private preferred stock financing at a purchase price that is less than the Per Share Price (as appropriately adjusted to reflect the effect of stock splits and combinations, stock dividends, recapitalizations and reorganizations of or on the Conversion Stock after the Amendment Date. As used in this Note, the "Amendment Date" shall mean June 25, 2001. For Mandatory Convertible Debt, the `Conversion Price' shall mean the price per share that is the exact middle of the price range stated in the Company's final amended registration statement on Form S-1, Form SB-1, Form SB-2 or a similar successor form pertaining to an Initial Public Offering that closes on or before February 28, 2004 (the "Maturity Date"). No conversion shall occur and there is therefore no Conversion Price with respect to an Initial Public Offering that closes after the Maturity Date. View More

Conversion Price. Shall be $0.0001 per share (which shall not be adjusted if the Maker, at any time while this Note is outstanding, (a) shall pay a stock dividend or otherwise make a distribution or distributions on shares of its Common Stock or any other equity or equity equivalent securities payable in shares of Common Stock, (b) subdivide outstanding shares of Common Stock into a larger number of shares, (c) combine (including by way of reverse stock split) outstanding shares of Common Stock into a smaller... number of shares, or (d) issue by reclassification of shares of the Common Stock any shares of its capital stock). View More

Conversion Price. Shall be 45% of the average of the five (5) lowest Per Share Market Values during the ten (10) Trading Days immediately preceding a Conversion Date.

Conversion Price. Means the price per share of Common Stock used to determine the number of shares of Common Stock deliverable upon conversion of the Series A-1 Preferred Stock, which price shall initially be $0.03601, subject to adjustment in accordance with the provisions of paragraph 5 below.

Conversion Price. Per share of Preferred Stock means, on any date, the Liquidation Preference divided by the Conversion Rate in effect on such date.

Conversion Price. A price per share of Common Stock equal to $3.25 per share of Common Stock, subject to adjustment as otherwise provided herein.

Conversion Price. As of any Conversion Date or other date of determination, $2.75 per share of Common Stock, subject to adjustment as provided herein and subject to appropriate adjustment to reflect any subdivision of outstanding Common Stock (by any stock split, share or stock dividend, recapitalization or otherwise) or combination of outstanding Common Stock (by consolidation, combination, reverse stock split or otherwise), repayment or reduction of capital or other event giving rise to an adjustment of the... nominal amount of such Common Stock hereafter. View More

Conversion Price. Means, on any date, the average of the daily Market Prices of the Common Stock for the period of forty Trading Days ending and excluding five Trading Days before and excluding that date, but no greater than the lowest of the following: (i) $10.075; (ii) the average of the daily Market Prices of the Common Stock for the first three Trading Days of that forty day period; and (iii) the average of the daily Market Prices of the Common Stock for the last three Trading Days of that forty day period.... The foregoing notwithstanding, if the Company shall combine, subdivide or reclassify its Common Stock, or shall declare any dividend payable in shares of its Common Stock, or shall take any other action of a similar nature affecting such shares, the Conversion Price shall be adjusted to the extent appropriate to reflect such event, including appropriate adjustments to account for any such event that occurs during any of the measurement periods set forth in the previous sentence. View More