Common use of Determination of Draw Down Shares Issuable Clause in Contracts

Determination of Draw Down Shares Issuable. Subject to Section 2.03(d) and (e) hereof, the number of Draw Down Shares to be purchased by the Investor with respect to any Draw Down shall be determined on a daily basis during the applicable Valuation Period and shall equal with respect to any such Trading Day the quotient of (x) one-fifth (1/5) of the Investment Amount, divided by (y) the Purchase Price for such Trading Day. The portion of the Investment Amount for which Draw Down Shares may be issued for each Trading Day during the Valuation Period may not exceed one-fifth (1/5) of the Investment Amount.

Determination of Draw Down Shares Issuable. Subject to Section 2.03(d) and (e) hereof, the number of Draw Down Shares to be purchased by the Investor with respect to any Draw Down shall be determined on a daily basis on each Trading Day during the applicable Valuation Period and shall equal with respect to any such Trading Day the quotient of (x) one-fifth (1/5) of the Investment Amount, divided by (y) the Purchase Price for such Trading Day. The portion of the Investment Amount for which Draw Down Shares may be issued for each Trading Day during the Valuation Period may not exceed one-fifth (1/5) of the Investment Amount.

Determination of Draw Down Shares Issuable. Subject to Section 2.03(dSections 2.3(d) and (e) hereofbelow, the number of Draw Down Shares to be purchased by the Investor Buyer with respect to any Draw Down shall be determined on a daily basis during the applicable Valuation Period and shall equal with respect to any such Trading Day the quotient of (x) one-fifth ninth (1/51/9) of the Investment Amount, divided by (y) the Purchase Price for such Trading Day. The portion of the Investment Amount for which Draw Down Shares may be issued for each Trading Day during the Valuation Period may not exceed one-fifth ninth (1/51/9) of the Investment Amount.