Floor Price Limitation. If the VWAP on any Trading Day during a Valuation Period is less than the Floor Price specified in the applicable Draw Down Notice, the Company shall not sell and the Investor shall not purchase the Draw Down Shares otherwise to be purchased for such Trading Day. In such case, the Investment Amount shall be reduced by one-fifth (1/5) of the Investment Amount for each such Trading Day.
Appears in 5 contracts
Samples: Equity Line Financing Agreement (Biopure Corp), Equity Line Financing Agreement (Computer Motion Inc), Equity Line Financing Agreement (Gadzoox Networks Inc)
Floor Price Limitation. If the VWAP on any Trading Day during a Valuation Draw Down Pricing Period is less than the Floor Price specified in the applicable Draw Down Notice, the Company shall not sell and the Investor IFG shall not purchase the Draw Down Shares otherwise to be purchased for such Trading Day. In such case, the Investment Amount shall be reduced by one-fifth twentieth (1/51/20) of the Investment Amount (or such other fraction based upon the agreed Draw Down Pricing Period) for each such Trading Day.
Appears in 2 contracts
Samples: Common Stock Purchase Agreement (Elgrande Com Inc), Common Stock Purchase Agreement (Elgrande Com Inc)
Floor Price Limitation. If the VWAP on any Trading Day during a Valuation Period is less than the Floor Price specified in the applicable Draw Down Notice, the Company 6 8 shall not sell and the Investor shall not purchase the Draw Down Shares otherwise to be purchased for such Trading Day. In such case, the Investment Amount shall be reduced by one-fifth (1/5) of the Investment Amount for each such Trading Day.
Appears in 1 contract
Samples: Equity Line Financing Agreement (Gadzoox Networks Inc)
Floor Price Limitation. If the VWAP on any Trading Day during a Valuation Period is less than the Floor Price specified in the applicable Draw Down Notice, the Company shall not sell and the Investor shall not purchase the Draw Down Shares otherwise to be purchased for such Trading Day. In such case, the Investment Amount shall be reduced by onethe Daily Draw-fifth (1/5) Down Proportion of the Investment Amount for each such Trading Day.
Appears in 1 contract
Samples: Private Equity Line Financing Agreement (Corixa Corp)
Floor Price Limitation. If the VWAP on any Trading Day during a Valuation Period is less than the Floor Price specified in the applicable Draw Down Notice, the Company shall not sell and the Investor Buyer shall not purchase the Draw Down Shares otherwise to be purchased for such Trading Day. In such case, the Investment Amount shall be reduced by one-fifth ninth (1/51/9) of the Investment Amount for each such Trading Day.
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