Examples of Capped Price in a sentence
If the actual Cylinder Cost upon the expiration of the Initial Production Period is less than the Capped Price, PowderJect shall promptly reimburse AlgoRx for its overpayment for Gas Cylinders during the Initial Production Period.
If PowderJect is Manufacturing Gas Cylinders, the Cylinder Cost for the first twelve (12) months that PowderJect is Manufacturing such cylinders (the "INITIAL PRODUCTION PERIOD") shall be the Capped Price.
If the Owner is in default of this Contract, Owner shall immediately pay to Boeing, to the extent it had not already done so, payments for all Services completed (payable in full) or in process (payable on a prorated basis) prior to the date when such default by Owner occurs, not to exceed the Annual O&M Capped Price for terminated O&M Task-Ordered Services for the then-current annual period.
Upon the closing of any such Qualified Financing, all principal and interest on each Note shall automatically convert into that number and type of securities issued in such Qualified Financing (the “Qualified Financing Securities”) determined by dividing (i) the outstanding principal amount of such Note plus all accrued and unpaid interest thereon by (ii) the lower of (x) the Discounted Qualified Financing Price (as defined below), and (y) the Capped Price (as defined below).
Upon the closing of any such Qualified Financing, all principal and interest on the Note shall automatically convert into that number and type of securities issued in such Qualified Financing (the “Qualified Financing Securities”) determined by dividing (i) the outstanding principal amount of the Note plus all accrued and unpaid interest thereon by (ii) the lesser of (x) the Discounted Qualified Financing Price (as defined below), and (y) the Capped Price (as defined below).