Common use of Volume Threshold Clause in Contracts

Volume Threshold. In connection with an Advance Notice where the Company selected an Option 1 Pricing Period, if the total number of Common Shares traded on the Principal Market during the applicable Option 1 Pricing Period is less than the Volume Threshold, then the number of Advance Shares issued and sold pursuant to such Advance Notice shall be reduced to the greater of (a) 30% of the trading volume of the Company’s Common Shares on the Principal Market during the Option 1 Pricing Period as reported by Bloomberg L.P., or (b) the number of Common Shares sold by the Investor during such Option 1 Pricing Period, but not to exceed the amount requested in the Advance Notice.

Appears in 2 contracts

Samples: Equity Purchase Agreement (10X Capital Venture Acquisition Corp. III), Equity Purchase Agreement (10X Capital Venture Acquisition Corp. II)

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Volume Threshold. In connection with an With respect to each Advance Notice where the Company selected selecting an Option 1 Pricing Period, if the total number of Common Ordinary Shares traded on the Principal Market during the applicable Option 1 Pricing Period is less than the Volume Threshold, then the number of Advance Shares issued and sold pursuant to such Advance Notice shall be reduced to the greater of (a) 30% of the trading volume of the Company’s Common Ordinary Shares on the Principal Market during the Option 1 such Pricing Period as reported by Bloomberg L.P., or (b) the number of Common Ordinary Shares sold by the Investor during such Option 1 Pricing Period, but in each case not to exceed the amount requested in the Advance Notice.

Appears in 2 contracts

Samples: Equity Purchase Agreement (Lilium N.V.), Equity Purchase Agreement (Lilium N.V.)

Volume Threshold. In connection with an Advance Notice where the Company selected (other than in connection with an Investor Notice) selecting an Option 1 Pricing Period, if the total number of Common Shares traded on the Principal Market during the applicable Option 1 Pricing Period is less than the Volume Threshold, then the number of Advance Shares issued and sold pursuant to such Advance Notice shall be reduced to the greater of (a) 30% of the trading volume of the Company’s Common Shares on the Principal Market during the Option 1 Pricing Period as reported by Bloomberg L.P., or (b) the number of Common Shares sold by the Investor during such Option 1 Pricing Period, but not to exceed the amount requested in the Advance Notice.. 1 Calculate prior to Execution

Appears in 1 contract

Samples: Equity Purchase Agreement (Lionheart III Corp)

Volume Threshold. In connection with an Advance Notice where the Company selected selections an Option 1 Pricing Period, if the total number of Common Ordinary Shares traded on the Principal Market during the applicable Option 1 Pricing Period is less than the Volume Threshold, then the number of Advance Shares issued and sold pursuant to such Advance Notice shall be reduced to the greater of (a) 30% of the trading volume of the Company’s Common Ordinary Shares on the Principal Market during the Option 1 such Pricing Period as reported by Bloomberg L.P., or (b) the number of Common Ordinary Shares sold by the Investor during such Option 1 Pricing Period, but in each case not to exceed the amount requested in the Advance Notice.

Appears in 1 contract

Samples: Equity Purchase Agreement (X3 Holdings Co., Ltd.)

Volume Threshold. In connection with an Advance Notice where the Company selected selects an Option 1 Pricing Period, if the total number of Common Shares traded on the Principal U.S. Market during the applicable Option 1 Pricing Period is less than the Volume Threshold, then the number of Advance Shares issued and sold pursuant to such Advance Notice shall be reduced to the greater of (a) 30% of the trading volume of the Company’s Common Shares on the Principal U.S. Market during the such Option 1 Pricing Period as reported by Bloomberg L.P.Xxxxxxxxx, or and (b) the number of Common Shares sold by the Investor during such Option 1 Pricing Period, but not to exceed the amount number of Advance Shares requested in the Advance Notice.

Appears in 1 contract

Samples: Equity Purchase Agreement (Niocorp Developments LTD)

Volume Threshold. In connection with an Advance Notice where the Company selected electing an Option 1 Pricing Period, if the total number of Common Shares traded on the Principal Market during the applicable Option 1 Pricing Period is less than the Volume Threshold, then the number of Advance Shares issued and sold pursuant to such Advance Notice shall be reduced to the greater of (a) 30% of the trading volume of the Company’s Common Shares on the Principal Market during the Option 1 such Pricing Period as reported by Bloomberg L.P., or (b) the number of Common Shares sold by the Investor during such Option 1 Pricing Period, or (c) 100,000 Common Shares, but in each case not to exceed the amount requested in the Advance Notice.

Appears in 1 contract

Samples: Standby Equity Purchase Agreement (TriSalus Life Sciences, Inc.)

Volume Threshold. In connection with an Advance Notice where the Company selected with an Option 1 2 Pricing Period, if the total number of Common Ordinary Shares traded on the Principal Market during the applicable Option 1 Pricing Period is less than the Volume Threshold, then the number of Advance Shares issued and sold pursuant to such Advance Notice shall be reduced to the greater of (a) 30% of the trading volume of the Company’s Common Ordinary Shares on the Principal Market during the Option 1 2 Pricing Period as reported by Bloomberg L.P., or (b) the number of Common Ordinary Shares sold by the Investor during such Option 1 2 Pricing Period, but not to exceed the amount requested in the Advance Notice.

Appears in 1 contract

Samples: Advance Agreement (Mainz Biomed N.V.)

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Volume Threshold. In connection with an Advance Notice where the Company selected an Option 1 Pricing Period, if the total number of Common Ordinary Shares traded on the Principal Market during the applicable Option 1 Pricing Period is less than the Volume Threshold, then the number of Advance Shares issued and sold pursuant to such Advance Notice shall be reduced to the greater of (a) 30% of the trading volume of the Company’s Common Ordinary Shares on the Principal Market during the Option 1 Pricing Period as reported by Bloomberg L.P., or (b) the number of Common Ordinary Shares sold by the Investor during such Option 1 Pricing Period, but not to exceed the amount requested in the Advance Notice.

Appears in 1 contract

Samples: Equity Purchase Agreement (IG Acquisition Corp.)

Volume Threshold. In connection with an Advance Notice where the Company selected selections an Option 1 Pricing Period, if the total number of Common Shares traded on the Principal Market during the applicable Option 1 Pricing Period is less than the Volume Threshold, then the number of Advance Shares issued and sold pursuant to such Advance Notice shall be reduced to the greater of (a) 30% of the trading volume of the Company’s Common Shares on the Principal Market during the Option 1 such Pricing Period as reported by Bloomberg L.P., or (b) the number of Common Shares sold by the Investor during such Option 1 Pricing Period, but in each case not to exceed the amount requested in the Advance Notice.

Appears in 1 contract

Samples: Equity Purchase Agreement (Banzai International, Inc.)

Volume Threshold. In connection with an Advance Notice where the Company selected (other than in connection with an Investor Notice) selecting an Option 1 Pricing Period, if the total number of Common Shares traded on the Principal Market during the applicable Option 1 Pricing Period is less than the Volume Threshold, then the number of Advance Shares issued and sold pursuant to such Advance Notice shall be reduced to the greater of (a) 30% of the trading volume of the Company’s Common Shares on the Principal Market during the Option 1 Pricing Period as reported by Bloomberg L.P., or (b) the number of Common Shares sold by the Investor during such Option 1 Pricing Period, but not to exceed the amount requested in the Advance Notice.. 3 Calculate prior to Execution

Appears in 1 contract

Samples: Equity Purchase Agreement (SMX (Security Matters) Public LTD Co)

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