Average Daily Trading Value definition

Average Daily Trading Value means the average trading volume of the Company’s Common Stock in the ten (10) Trading Days immediately preceding the respective Put Date multiplied by the lowest closing bid price of the Company’s Common Stock in the ten (10) Trading Days immediately preceding the respective Put Date.

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Average Daily Trading Value means a per share price that shall be equal to the lowest trading price of the Company’s Common Stock on the Principal Exchange during the during the ten ( I 0) Business Days immediately preceding the respective Drawdown Notice Delivery Date multiplied by the Average Daily Trading Volume (as defined herein).

Average Daily Trading Value means the average trading volume of the Company’s Common Shares on the Principal Market during the five (5) Trading Days immediately preceding the respective Put Date multiplied by the lowest closing price of the Company’s Common Shares on the Principal Market during the five (5) Trading Days immediately preceding the respective Put Date.

Examples of Average Daily Trading Value in a sentence

• Upon the terms and conditions set forth herein (including, without limitation, the provisions of Article VII), the Company shall have the right, but not the obligation, to direct the Investor, by its delivery to the Investor of a Put Notice from time to time, to purchase Put Shares (i) in a minimum amount not less than $10,000.00 and (ii) in a maximum amount up to the lesser of (a) $250,000.00 or (b) 200% of the Average Daily Trading Value.

• Upon the terms and conditions set forth herein (including, without limitation, the provisions of Article VII), the Company shall have the right, but not the obligation, to direct the Investor, by its delivery to the Investor of a Put Notice from time to time, to purchase Put Shares (i) in a minimum amount not less than $20,000.00 and (ii) in a maximum amount up to the lesser of (a) $250,000.00 or (b) 200% of the Average Daily Trading Value.

• Upon the terms and conditions set forth herein (including, without limitation, the provisions of Article VII), the Company shall have the right, but not the obligation, to direct the Investor, by its delivery to the Investor of a Put Notice from time to time, to purchase Put Shares (i) in a minimum amount not less than $25,000.00 and (ii) in a maximum amount up to the lesser of (a) $750,000.00 or (b) 200% of the Average Daily Trading Value.

• Upon the terms and conditions set forth herein (including, without limitation, the provisions of Article VII), the Company shall have the right, but not the obligation, to direct the Investor, by its delivery to the Investor of a Put Notice from time to time, to purchase Put Shares (i) in a minimum amount not less than $5,000.00 and (ii) in a maximum amount up to the lesser of (a) $200,000.00 or (b) 200% of the Average Daily Trading Value.

• Upon the terms and conditions set forth herein (including, without limitation, the provisions of Article VII), the Company shall have the right, but not the obligation, to direct the Investor, by its delivery to the Investor of a Put Notice from time to time, to purchase Put Shares (i) in a minimum amount not less than $20,000.00 and (ii) in a maximum amount up to the lesser of (a) $500,000.00 or (b) 200% of the Average Daily Trading Value.

More Definitions of Average Daily Trading Value

Average Daily Trading Value means the average trading volume of the Company’s Common Stock during the applicable measurement period multiplied by the lowest closing price of the Company’s Common Stock during the applicable measurement period.

Average Daily Trading Value means the average trading volume of the Company’s Common Stock in the five (5) Business Days immediately preceding the applicable Drawdown Notice Date (as defined herein) multiplied by the Purchase Price.

Average Daily Trading Value means the average trading volume of the Company’s Common Stock in the five

Average Daily Trading Value means the average trading volume of the Company’s Common Stock on the Principal Market during the five (5) Trading Days immediately preceding the respective Put Date multiplied by the VWAP of the Company’s Common Stock on the Principal Market on the Trading Day immediately preceding the respective Put Date. “Bankruptcy Law” means Title 11, U.S. Code, or any similar federal or state law for the relief of debtors. "Claim Notice" shall have the meaning specified in Section 9.3(a). “Clearing Costs” shall mean all fees incurred by the Investor with respect to the Put Shares, including but not limited to fees charged by or paid to any brokerage firm (including commissions and fees payable to the Placement Agent (as defined in this Agreement)), any clearing firm, and Transfer Agent fees, as well as attorney fees. “Clearing Date” shall be the date on which the Investor receives the Put Shares in its brokerage account. "Closing" shall mean one of the closings of a purchase and sale of shares of Common Stock pursuant to Section 2.3.

Average Daily Trading Value means the average trading volume of the Company’s Common Stock on the Principal Market during the three (3) Trading Days immediately preceding the respective Put Date multiplied by the lowest closing price of the Company’s Common Stock on the Principal Market during the three (3) Trading Days immediately preceding the respective Put Date. “Bankruptcy Law” means Title 11, U.S. Code, or any similar federal or state law for the relief of debtors. “Claim Notice” shall have the meaning specified in Section 9.3(a). “Clearing Costs” shall mean all fees incurred by the Investor with respect to the Put Shares, including but not limited to fees charged by or paid to any brokerage firm (including commissions), any clearing firm, and Transfer Agent fees, as well as attorney fees of $1,000 per Put. “Clearing Date” shall be the date on which the Investor receives the Put Shares in its brokerage account. “Closing” shall mean one of the closings of a purchase and sale of shares of Common Stock pursuant to Section 2.3.

Average Daily Trading Value means the average trading volume of the Company’s Ordinary Shares on the Principal Market during the seven (7) Trading Days immediately preceding the respective Advance Date (excluding the single highest volume Trading Day and the single lowest volume Trading Day from such calculation) multiplied by the average VWAP of the Company’s Ordinary Shares on the Principal Market during the seven (7) Trading Days immediately preceding the respective Advance Date (excluding the single highest VWAP Trading Day and the single lowest VWAP Trading Day from such calculation).

Average Daily Trading Value means the product of the daily trading volume multiplied by the average of the high and low trading price for such day, each as reported by Bloomberg Financial L.P.