Alternate Price means the lesser of (i) the then applicable Conversion Price under the Note, (ii) the closing price of the Common Stock on the date of the Event of Default (provided, however, that if such date is not a Trading Day, then the next Trading Day after the date of the Event of Default), (iii) $1.30 (subject to adjustment as provided in this Note) (the “Adjusted Fixed Price”), or (iv) the Market Price (as defined in this Note). “Market Price” shall mean 80% of the lowest VWAP on any Trading Day during the ten (10) Trading Days prior to the respective Conversion Date. “VWAP” means, for any security as of any date, the dollar volume-weighted average price for such security on the Principal Market during the period beginning at 9:30 a.m., New York time, and ending at 4:00 p.m., New York time, as reported by Quotestream or other similar quotation service provider designated by the Holder. In addition, the Adjusted Fixed Price shall decrease by 20% on the 1st of each calendar month after the date of the occurrence of an Event of Default until such Event of Default is cured (if able to be cured pursuant to the terms of this Note) or the Note is repaid in the entirety, provided, however, that the Alternate Price shall never be lower than $0.25 per share.

Alternate Price means the price for a substituted item or section of the work, to be added to or deducted from the Base Bid price.

Alternate Price shall have the meaning set forth in Section 7.2.

Examples of Alternate Price in a sentence

Upon determination of a new Alternate Price, the Spot Price or Contract Price, as applicable, will be adjusted retroactively to the Renegotiation Date.
All amounts shall be clearly marked to indicate whether Alternate Price is an "ADD" or a "DEDUCT" price from the BASE BID Price.
From and after the "Renegotiation Date," which shall be the date the Spot Price or Contract Price is no longer available, until the Alternate Price is determined, the Alternate Price shall be the average of the Spot Price(s) or Contract Price(s) in effect during the 12 Months preceding the Month in which the Renegotiation Date occurred, which price shall be effective until the Alternate Price is determined.
If any or all of the indices used to determine the Spot Price or the Contract Price are not available in the future, the Parties agree to promptly negotiate a mutually satisfactory alternate index for the Spot Price or Contract Price (each an "Alternate Price").
An Alternate Price shall include all costs associated with the changes, omissions, additions or other adjustments to the Work of this Bid Package (Contract), which are described in the Alternate, or are reasonably inferable there from.

More Definitions of Alternate Price

Alternate Price means (i) the arithmetical average of Daily prices (to be computed from the Day on which initial deliveries of Excess Quantities first take place, until the final Day of the applicable Month) determined by the Gas Daily Index (Daily Midpoint column) applicable to the Delivery Point(s) included in each Aggregation Area where such Excess Quantities are delivered, after (ii) Index Price Adjustments and deductions of Costs of Delivery. The delivery of Excess Quantities shall be deemed to have first taken place on the first Day of the relevant Month when the cumulative Daily quantities of Committed Gas delivered in an Aggregation Area for such Month exceed the cumulative Daily Seller's Estimate for such Aggregation Area by at least five (5) percent, and continue to do so for the remainder of the Month (it being understood and agreed that, whenever actual Daily deliveries are unavailable, Daily deliveries will be determined by allocating the actual Monthly deliveries based on actual nominations).

Alternate Price means, a price for a particular product, item or unit of work in lieu of a specified product, item or unit of work. The net difference in cost is to be either added or deducted from the tender amount, if accepted by LMCH. See Appendix “B” of the Tender Submission

Alternate Price means (i) the arithmetical average of Daily prices (to be computed from the Day on which initial deliveries of Excess Quantities takes place, until the final Day of the applicable Month) determined by the Gas Daily Index applicable to the Delivery Point(s) included in each Aggregation Area where such Excess Quantities are delivered, after (ii) Index Price Adjustments.

Alternate Price has the meaning set forth in Section 2.4(a).

Alternate Price for each calendar month equals: a + $12 per barrel Where: a: The arithmetic average of the closing settlement price(s) on the New York Mercantile Exchange for the first nearby Light Sweet Crude Oil Futures Contract, as determined on each Trading Day during the Delivery Month.

Alternate Price means (A) seventy-five percent (75%) of the Next Round Price, if the Next Round occurs prior to an IPO, or (B) seventy-five percent (75%) of the IPO Price, if an IPO occurs prior to the Next Round.

Alternate Price means the price of Product offered by the respondent after retaining the benefits of Environmental Attributes. (A discounted price of the electricity tariff).