Base Price definition
Examples of Base Price in a sentence
If at the time when Party D exercises the Equity Interest Purchase Option, the PRC laws impose mandatory requirements on the purchase price of such Optioned Interests, such that the minimum price permitted under PRC law exceeds the Base Price, then the purchase price shall be such minimum price permitted by PRC law (collectively, the “Equity Interest Purchase Price”), in which case Party B hereby waives its right to receive the amount of price that exceeds the Basic Price.
Notwithstanding Section 3.3(a) above, the Exchange Cap shall not be applicable to any Shares that are issued and sold by the Company to the Investor pursuant to this Agreement at a price per Share equal to or greater than the applicable Base Price for such Shares (calculated immediately prior to the Company’s timely delivery of the applicable VWAP Purchase Notice relating to such Shares to the Investor pursuant to and in accordance with this Agreement).