Price Floors Sample Clauses

Price Floors. Price Floors" shall have the meaning set forth in Article 3.3(B).
Sample 1
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Price Floors. If at any time the Lowest Effective Full Mobility Price is below the Price Floors in Markets which comprise more than five percent (5%) of the POPs represented by the Initial Licenses, then the Purchase Commitment then in effect will be reduced by an amount equal to the product of (a) the Initial Purchase Commitment, or the initial Increased Purchase Commitment if the Initial Purchase Commitment has been increased under Article 3.2, and (b) a percentage equal to the greater of (i) the percentage equal to the cumulative Full Mobility Service purchased by MCI and its Affiliates through the period covered by the last Invoice received by MCI relating to such Markets, divided by the cumulative Full Mobility Service purchased by MCI and its Affiliates through the period covered by the last Invoice received by MCI relating to all of NextWave's Markets; or (ii) the percentage equal to the number of POPs represented by the Licenses in such Markets, divided by the aggregate number of POPs represented by the Licenses then held by NextWave. If within one hundred twenty-days (120) days after the reduction of the Purchase Commitment pursuant to this Article 3.3(B) (i) the Lowest Effective Full Mobility Price rises above the then current Full Mobility Service price set forth in the Pricing Schedule, or (ii) NextWave agrees to provide Full Mobility Service in such Markets at the Lowest Effective Full Mobility Price (the "Reinstatement Date"), then a percentage of the amount by which the Purchase Commitment was reduced shall be reinstated in accordance with the following: Reinstatement Date Reinstatement Percentage Prior to the first anniversary of the Term *___* First anniversary of the Term through the day *___* prior to the third anniversary of the Term *CONFIDENTIAL TREATMENT REQUESTED 22 Third anniversary of the Term through the day *___* prior to the sixth anniversary of the Term Sixth anniversary of the Term through the day *___* prior to the seventh anniversary of the Term Seventh anniversary of the Term through the *___* end of the Term provided, however, if the Lowest Effective Full Mobility Price drops below the Price Floors in Markets for which there has been a Purchase Commitment reduction and a subsequent reinstatement, the Purchase Commitment shall be reduced and not be subject to any further reinstatement.
Sample 1

Related to Price Floors

  • Purchase Price Floor The Company and the Buyer shall not effect any sales under this Agreement on any Purchase Date where the Closing Sale Price is less than the Floor Price. “Floor Price” means $0.25 per share of Common Stock, which shall be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction.

  • Adjustments to Exercise Price and Number of Shares The Exercise Price and the number of Shares underlying this Purchase Warrant shall be subject to adjustment from time to time as hereinafter set forth:

  • Base Price The Base Price of the SARs is [ ] (subject to any adjustment under Section 9 of the Plan).

  • Exercise Price Adjustment Whenever the number of Warrant Shares purchasable upon the exercise of the Warrant is adjusted, as herein provided, the Exercise Price payable upon the exercise of this Warrant shall be adjusted by multiplying such Exercise Price immediately prior to such adjustment by a fraction, of which the numerator shall be the number of Warrant Shares purchasable upon the exercise of the Warrant immediately prior to such adjustment, and of which the denominator shall be the number of Warrant Shares purchasable immediately thereafter.

  • Exercise Price Adjustments The Exercise Price shall be subject to adjustment from time to time as follows:

  • Adjustments of Exercise Price and Number of Shares The Exercise Price and the number and kind of securities issuable upon exercise of each Warrant shall be subject to adjustment from time to time upon the happening of certain events, as follows:

  • Adjustments to Exercise Price The Exercise Price shall be subject to adjustment as follows:

  • Base Price Adjustments The base aircraft price (pursuant to Article 3 of the Agreement) of the Option Aircraft will be adjusted to Boeing's and the engine manufacturer's then-current prices as of the date of execution of the Option Aircraft Supplemental Agreement.

  • Adjustments of Exercise Price and Number of Warrant Shares The number and kind of securities purchasable upon the exercise of this Warrant and the Exercise Price shall be subject to adjustment from time to time upon the happening of any of the following. In case the Company shall (i) pay a dividend in shares of Common Stock or make a distribution in shares of Common Stock to holders of its outstanding Common Stock, (ii) subdivide its outstanding shares of Common Stock into a greater number of shares, (iii) combine its outstanding shares of Common Stock into a smaller number of shares of Common Stock, or (iv) issue any shares of its capital stock in a reclassification of the Common Stock, then the number of Warrant Shares purchasable upon exercise of this Warrant immediately prior thereto shall be adjusted so that the Holder shall be entitled to receive the kind and number of Warrant Shares or other securities of the Company which it would have owned or have been entitled to receive had such Warrant been exercised in advance thereof. Upon each such adjustment of the kind and number of Warrant Shares or other securities of the Company which are purchasable hereunder, the Holder shall thereafter be entitled to purchase the number of Warrant Shares or other securities resulting from such adjustment at an Exercise Price per Warrant Share or other security obtained by multiplying the Exercise Price in effect immediately prior to such adjustment by the number of Warrant Shares purchasable pursuant hereto immediately prior to such adjustment and dividing by the number of Warrant Shares or other securities of the Company resulting from such adjustment. An adjustment made pursuant to this paragraph shall become effective immediately after the effective date of such event retroactive to the record date, if any, for such event.

  • Exercise Price Adjusted As used in this Warrant, the term "Exercise Price" shall mean the purchase price per share specified in Section 3 of this Warrant, until the occurrence of an event stated in subsection (a), (b) or (c) of this Section 5, and thereafter shall mean said price as adjusted from time to time in accordance with the provisions of said subsection. No such adjustment under this Section 5 shall be made unless such adjustment would change the Exercise Price at the time by $.01 or more; provided, however, that all adjustments not so made shall be deferred and made when the aggregate thereof would change the Exercise Price at the time by $.01 or more. No adjustment made pursuant to any provision of this Section 5 shall have the net effect of increasing the Exercise Price in relation to the split adjusted and distribution adjusted price of the Common Stock. The number of shares of Common Stock subject hereto shall increase proportionately with each decrease in the Exercise Price.

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