Common use of Purchase Price Floor Clause in Contracts

Purchase Price Floor. The Company may not deliver a Regular Purchase Notice to the Investor, and the Investor and the Company shall not effect any Regular Purchase under this Agreement, on any Purchase Date that the Closing Sale Price of the Common Stock is less than the Floor Price of the Common Stock. “Floor Price” means $0.25, which shall be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split or other similar transaction and, effective upon the consummation of any such reorganization, recapitalization, non-cash dividend, stock split or other similar transaction, the Floor Price shall mean the lower of (i) the adjusted price and (ii) $0.25.

Appears in 1 contract

Samples: Purchase Agreement (Invivo Therapeutics Holdings Corp.)

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Purchase Price Floor. The Company may not deliver a Regular Purchase Notice to the Investor, and the Investor and the Company shall not effect any Regular Purchase under this Agreement, on any Purchase Date that the Closing Sale Price of the Common Stock is less than the Floor Price of the Common StockPrice. “Floor Price” means $0.25, which shall be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split or other similar transaction and, effective upon the consummation of any such reorganization, recapitalization, non-cash dividend, stock split or other similar transaction, the Floor Price shall mean the lower of (i) the adjusted price and (ii) $0.25.

Appears in 1 contract

Samples: Purchase Agreement (iBio, Inc.)

Purchase Price Floor. The Company may not deliver a Regular Purchase Notice to the Investor, and the Investor and the Company shall not effect any Regular Purchase under this Agreement, on any Purchase Date that the Closing Sale Price of the Common Stock is less than the Floor Price of the Common StockPrice. “Floor Price” means $0.251.00, which shall be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split or other similar transaction andtransaction, and effective upon the consummation of any such reorganization, recapitalization, non-cash dividend, stock split or other similar transaction, the Floor Price shall mean the lower of (i) the adjusted price and (ii) $0.250.50.

Appears in 1 contract

Samples: Purchase Agreement (T2 Biosystems, Inc.)

Purchase Price Floor. The Company may not deliver a Regular Purchase Notice to the Investor, and the Investor and the Company shall not effect any Regular Purchase under this Agreement, on any Purchase Date that the Closing Sale Price of the Common Stock is less than the Floor Price of the Common StockPrice. “Floor Price” means $0.250.50, which shall be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split or other similar transaction and, effective upon the consummation of any such reorganization, recapitalization, non-cash dividend, stock split or other similar transaction, the Floor Price shall mean the lower of (i) the adjusted price and (ii) $0.250.50.

Appears in 1 contract

Samples: Purchase Agreement (Zosano Pharma Corp)

Purchase Price Floor. The Company may not deliver a Regular Purchase Notice to the Investor, and the Investor and the Company shall not effect affect any Regular Purchase under this Agreement, on any Purchase Date that the Closing Sale Price of the Common Stock is less than the Floor Price of the Common StockPrice. “Floor Price” means $0.250.40, which shall be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split or other similar transaction and, effective upon the consummation of any such reorganization, recapitalization, non-cash dividend, stock split or other similar transaction, the Floor Price shall mean the lower of (i) the adjusted price and (ii) $0.250.40.

Appears in 1 contract

Samples: Purchase Agreement (Rezolute, Inc.)

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Purchase Price Floor. The Company may not deliver a Regular Purchase Notice to the Investor, and the Investor and the Company shall not effect any Regular Purchase under this Agreement, on any Purchase Date that the Closing Sale Price of the Common Stock is less than the Floor Price of the Common StockPrice. “Floor Price” means $0.251.50, which shall be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split or other similar transaction and, effective upon the consummation of any such reorganization, recapitalization, non-cash dividend, stock split or other similar transaction, the Floor Price shall mean the lower of (i) the adjusted price and (ii) $0.251.50.

Appears in 1 contract

Samples: Purchase Agreement (Oncobiologics, Inc.)

Purchase Price Floor. The Company may not deliver a Regular Purchase Notice to the Investor, and the Investor and the Company shall not effect any Regular Purchase under this Agreement, on any Purchase Date that the Closing Sale Price of the Common Stock is less than the Floor Price of the Common StockPrice. “Floor Price” means $0.250.15, which shall be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split or other similar transaction and, effective upon the consummation of any such reorganization, recapitalization, non-cash dividend, stock split or other similar transaction, the Floor Price shall mean the lower of (i) the adjusted price and (ii) $0.250.15.

Appears in 1 contract

Samples: Purchase Agreement (Biolargo, Inc.)

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