Average Trading Volume definition
Average Trading Volume means the average trading volume of the twenty (20) Trading Days during the thirty (30) Trading Days prior to the issuance of the Draw Down Notice that results from excluding the five (5) highest and five (5) lowest Trading Days during such period.
Average Trading Volume. Average daily trading volume for the 45 Trading Days prior to the Draw Down Notice date. Maximum dollar amount of each Draw Down: 20% of (Average Stock Price x (Average Trading Volume x 22)) the number of Shares of Common Stock to be issued in connection with each Draw Down shall be equal to the sum of the quotients (for each trading day within the Draw Down Pricing Period) of (x) 1/22nd of the Draw Down amount and (y) 93% of the Average Daily Price of the Common Stock on each Trading Day within the Draw Down Pricing Period. If the Average Daily Price on a given Trading Day is less than the Threshold Price, then the Purchaser's Draw Down payment will be reduced by 1/22nd and that day shall be withdrawn from the Draw Down Pricing Period.
Average Trading Volume means the average trading volume of the Common Stock on the Trading Market for the 10 Trading Days immediately prior to the applicable Draw Down Exercise Date.
Examples of Average Trading Volume in a sentence
Average Trading Volume: Average daily trading volume for the 45 Trading Days prior to the Draw Down Notice date.
Maximum dollar amount of each Draw Down: 20% of (Average Stock Price x (Average Trading Volume x 22)).
Maximum dollar amount of each Draw Down: 20% of (Average Stock Price x (Average Trading Volume x 22)) the number of Shares of Common Stock to be issued in connection with each Draw Down shall be equal to the sum of the quotients (for each trading day within the Draw Down Pricing Period) of (x) 1/22nd of the Draw Down amount and (y) 93% of the Average Daily Price of the Common Stock on each Trading Day within the Draw Down Pricing Period.
Maximum dollar amount of second Draw Down: 20% of (Average Stock Price x (Average Trading Volume x 45)) the number of Shares of Common Stock to be issued in connection with the Draw Down shall be equal to the sum of the quotients (for each trading day within the Second Draw Down Pricing Period) of (x) 1/45th of the Draw Down amount and (y) 90% of the Average Daily Price of the Common Stock on each Trading Day within the Second Draw Down Pricing Period.
Maximum dollar amount of each Draw Down: 20% of Average Stock Price x Average Trading Volume x 22.
More Definitions of Average Trading Volume
Average Trading Volume. Average daily trading volume for the 45 Trading Days prior to the Draw Down Notice date. Maximum dollar amount of each Draw Down: 20% of (Average Stock Price x (Average Trading Volume x 20)); provided, further, however, subject to the foregoing the maximum dollar amount of the Initial Draw Down shall be $400,000 (the "Initial Draw Down").
Average Trading Volume means the average trading volume of the twenty (20) Trading Days during the thirty
Average Trading Volume means the average daily trading volume for the Common Stock on all markets during the 20 consecutive Trading Days immediately prior to the Put Notice Date.
Average Trading Volume. Average daily trading volume for the 45 Trading Days prior to the Draw Down Notice date. Maximum dollar amount of each Draw Down: 20% of (Average Stock Price x (Average Trading Volume x 18)) the number of Shares of Common Stock to be issued in connection with each Draw Down shall be equal to the sum of the quotients (for each trading day within the Draw Down Pricing Period) of (x) 1/18th of the Draw Down amount and (y) 92% of the Average Daily Price of the Common Stock on each Trading Day within the Draw Down Pricing Period (the "Discount Price"); PROVIDED, HOWEVER, the Discount Price shall be increased by 0.1% for every $4.00 increase in the Threshold Price over $14.00 until the Discount Price equals 94.5% except that the Discount Price shall be increased to 94.5% if the Company's market capitalization is equal to or exceeds One Billion Dollars. The Company's market capitalization shall be calculated as the product of (i) the number of shares of Common Stock outstanding as reported by Bloomberg Financial using the DES function and (ii) the closing bid price of the Common Stock on the Trading Day Prior to the applicable Draw Down Pricing Period. If the Average Daily Price on a given Trading Day is less than the Threshold Price, then the Purchaser's Draw Down will be reduced by 1/18th and that day shall be withdrawn from the Draw Down Pricing Period.
Average Trading Volume means the average daily volume of shares of Common Stock traded during the preceding thirty (30)
Average Trading Volume. Average daily trading volume for the 45 Trading Days prior to the Draw Down Notice date. Maximum dollar amount of each Draw Down: 20% of (Average Stock Price x (Average Trading Volume x 22)) the number of Shares of Common Stock to be issued in connection with each Draw Down shall be equal to the sum of the quotients (for each trading day within the Draw Down Pricing Period) of (x) 1/22nd of the Draw Down amount and (y) the Purchase Price on each Trading Day within the Draw Down Pricing Period. If the Average Daily Price on a given Trading Day is less than the Threshold Price, then the Purchaser's Draw Down will be reduced by 1/22nd and that day shall be withdrawn from the Draw Down Pricing Period, except that, the Purchaser may elect to purchase such Shares at the Threshold Price. Prior to 6:15 pm Eastern Time on the date prior to the applicable Draw Down Exercise Date, the Purchaser shall instruct the Company as to how many below Threshold Price days the Purchaser elects to purchase such shares. Additionally, the Purchaser may, at its sole discretion, increase the amount of the Shares to be purchased at the Purchase Price on any Draw Down Exercise Date by up to an additional fifty percent (50%) if it notifies the Company by 6:15 pm Eastern Time on the date prior to such Draw Down Exercise Date.
Average Trading Volume means the average reported daily trading volume in the Buyer Securities on the Securities Exchange on which they are traded for the 60 trading days ending on the day prior to the date of issuance thereof to the Sellers.