Examples of Additional Amount in a sentence
If Lender has exercised the Purchase Option and Borrower has satisfied all applicable closing conditions for the PIPE but the PIPE has not been consummated by the PIPE Outside Date, Lender shall forfeit to Borrower for cancellation the Commitment Shares or an equal number of shares of Common Stock held by Lender and the Available Amount shall thereafter again be increased by the Additional Amount that had been specified in the notice from Lender.
Promptly after the date the Trailing VWAP first reaches at least $10.00 per share (the “PIPE Threshold Date”), Borrower shall give Lender notice of the occurrence of the PIPE Threshold Date, and the Purchase Option shall thereafter be exercisable by written notice from Lender to Borrower within three (3) Business Days after receipt of notice from the of the PIPE Threshold Date, and such notice shall specify any Additional Amount to be purchased in the PIPE.
Upon the exercise of the Purchase Option, the Available Amount shall be reduced by the amount of the Additional Amount specified in the notice from Lender, if any.