Closing Thresholds Sample Clauses

Closing Thresholds. For the 20 Business Days immediately preceding the Tranche 2 Closing Date, as the case may be, the average daily trading volume of the Common Stock on NASDAQ shall be at least 80,000 shares and the average of the Per Share Market Values for the twenty (20) Business Days immediately preceding the Tranche 2 Closing Date, as the case may be, shall be greater than $6.00; and
Sample 1
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Closing Thresholds. For the thirty Trading Days immediately prior to the Series B Closing Date (the "Look-Back Period") (i) the average Per Share Market Value shall have been equal or greater than $8.00, and (ii) the average trading volume for the Common Stock shall have been equal or greater than 25,000 shares, provided, however, that, with respect to clause (ii) above, any Trading Day during the Look-Back Period in which the trading volume in the Common Stock exceeds 75,000 shares shall be excluded from the Look-Back Period and the Look-Back Period shall be extended backward by one additional Trading Day for each Trading Day so excluded;
Sample 1
Closing Thresholds. (a) (i) The Company shall have sold and the Purchasers shall have purchased, pursuant to this Agreement, including amounts sold and purchased on the applicable Closing Date, Preferred Stock with a purchase price of at least $11,000,000, or (ii) with respect to the transactions contemplated by the Transaction Documents, the Company shall have received the approval of its stockholders necessary to satisfy the shareholder approval provisions of the Nasdaq Stock Market, or any other exchange or market on which the Common Stock is then listed or traded, with respect to the issuance of 20% or more of a company's capital stock, or any similar stockholder approval requirements, or (b) on each of the 30 Trading Days prior to the applicable Closing Date, the Per Share Market Value of the Common Stock shall have been at least $4.50 per share; and (xviii)
Sample 1

Related to Closing Thresholds

  • Post-Closing Conditions On or before each of the dates specified in this Section 4.3, Borrower shall satisfy each of the items specified in the subsections below:

  • Forward Closing Conditions (a) The obligation of the Purchaser to purchase the Forward Purchase Securities at the Forward Closing under this Agreement shall be subject to the fulfillment, at or prior to the Forward Closing of each of the following conditions, any of which, to the extent permitted by applicable laws, may be waived by the Purchaser:

  • FPS Closing Conditions (a) The obligation of the Purchaser to purchase the Forward Purchase Securities at the FPS Closing under this Agreement shall be subject to the fulfillment, at or prior to the FPS Closing of each of the following conditions, any of which, to the extent permitted by applicable laws, may be waived by the Purchaser:

  • Post-Closing Capitalization At, and immediately after, the Closing, the authorized capitalization, and the number of issued and outstanding shares of the capital stock of the Company and the Parent, on a fully-diluted basis, as indicated on a schedule to be delivered by the Parties at or prior to the Closing, shall be acceptable to the Parent in its sole and absolute discretion.

  • Actions to Satisfy Closing Conditions Each Party shall take all actions as are within its power and otherwise use its commercially reasonable efforts so as to ensure compliance with the conditions set forth in this Section 6.

  • Closing Conditions to Closing The Lender will not be obligated to make the initial Loans or to obtain any Letters of Credit on the Closing Date, unless the following conditions precedent have been satisfied in a manner satisfactory to Lender:

  • Conditions to the Closing Date The obligations of each Bank to make the Loans contemplated by subsections 2.1 and 2.2 and of the Issuing Bank to issue Letters of Credit contemplated by subsection 3.1 shall be subject to the compliance by the Company with its agreements herein contained and to the satisfaction, on or before October 1, 2004, of the following conditions:

  • Conditions to Closing Date This Agreement shall become effective upon, and the obligation of each Lender to make the initial Extensions of Credit on the Closing Date is subject to, the satisfaction of the following conditions precedent:

  • Closing Conditions (a) The obligations of the Company hereunder in connection with the Closing are subject to the following conditions being met:

  • Post-Closing Matters Execute and deliver the documents and complete the tasks set forth on Schedule 6.14, in each case within the time limits specified on such schedule, as such time limits may be extended from time to time by Agent in its reasonable discretion.

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