Minimum Trading Hours Limitation Sample Clauses
Minimum Trading Hours Limitation. In the event that the Common Stock is not listed and approved for trading on a Principal Market and free from any halts or suspensions of trading (whether imposed generally on such Principal Market or specifically with respect to the Common Stock) for a period of at least six (6) hours on any Trading Day during a Valuation Period, then the Company shall not sell and the Investor shall not purchase the Draw Down Shares otherwise to be purchased in respect of 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.
Minimum Trading Hours Limitation. In the event that the Common Stock is not listed and approved for trading on a Principal Market and free from any halts or suspensions of trading (whether imposed generally on such Principal Market or specifically with respect to the Common Stock) for a period of at least six (6) hours on any Trading Day during a Draw Down Pricing Period, then the portion of the Investment Amount allocable to the purchase of Draw Down Shares with respect to such Trading Day pursuant to clause (x) of Section 2.3(c) above shall equal the product of (x) one-twentieth (1/20) of the Investment Amount (or such other fraction based upon the agreed Draw Down Pricing Period), multiplied by (y) the quotient of (A) the number of hours (or portions thereof) during which the Common Stock actually trades on the Principal Market on such Trading Day (exclusive of any halts or suspensions of trading imposed generally on the Principal Market or specifically with respect to the Common Stock), divided by (B) 6.5. In such event, the Investment Amount shall 8 be reduced by the difference between one-twentieth (1/20) of the Investment Amount (or such other fraction based upon the agreed Draw Down Pricing Period) and the amount calculated pursuant to the preceding sentence for each such Trading Day.
Minimum Trading Hours Limitation. In the event that the Common Stock is not listed and approved for trading on a Principal Market and free from any halts or suspensions of trading (whether imposed generally on such Principal Market or specifically with respect to the Common Stock) for a period of at least six (6) hours on any Trading Day during a Valuation Period, then the portion of the Investment Amount allocable to the purchase of Draw Down Shares with respect to such Trading Day pursuant to clause (x) of Section 2.3(c) above shall equal the product of (x) one-ninth (1/9) of the Investment Amount, multiplied by (y) the quotient of (A) the number of hours (or portions thereof) during which the Common Stock actually trades on the Principal Market on such Trading Day (exclusive of any halts or suspensions of trading imposed generally on the Principal Market or specifically with respect to the Common Stock), divided by (B) 6.5. In such event, the Investment Amount shall be reduced by the difference between one-ninth (1/9) of the Investment Amount and the amount calculated pursuant to the preceding sentence for each such Trading Day.
Minimum Trading Hours Limitation. In the event that the Common Stock is not listed and approved for trading on a Principal Market and free from any halts or suspensions of trading (whether imposed generally on such Principal Market or specifically with respect to the Common Stock) for a period of at least six (6) hours on any Trading Day during a Valuation Period (a “Trading Halt Termination Day”), then the Company shall not sell and the Investor shall not purchase the Draw Down Shares otherwise to be purchased in respect of such Trading Day except as specified in the following sentence . In such case, (i) the Daily Purchased Share Amount for the Trading Halt Termination Day shall be deemed to equal the Actual Sold Amount on such Trading Halt Termination Day prior to the commencement of such halt or suspension, (ii) the purchase price for such shares shall be equal to the lower of (x) the Purchase Price for such Trading Halt Termination Day and (y) 97% of the sales proceeds received by the Investor in respect of the Actual Sold Amount on such Trading Halt Termination Day, (iii) the Valuation Period for such Draw Down shall end on the Trading Halt Termination Day, (iv) the Investment Amount relating to such Draw Down shall be reduced by the Remaining Draw Down Amount and (v) the Draw Down shall remain effective as to the portion of the Investment Amount not terminated pursuant to the foregoing. Upon the request of the Company, the Investor will provide the Company with copies of reasonable documentation or other support confirming the Daily Purchased Share Amount for each Trading Halt Termination Day and Floor Price Termination Day.