Daily Purchase Amount definition
Daily Purchase Amount. As used herein the term "Original Daily Purchase Amount" shall mean Ten Thousand Dollars ($10,000) per Trading Day. As used herein, the term "Daily Purchase Amount" shall mean initially Ten Thousand Dollars ($10,000) per Trading Day, which amount may be increased or decreased from time to time pursuant to this Section 1(c).
Daily Purchase Amount means initially Twenty Thousand Five Dollars ($25,000) per Trading Day, which amount may be increased or decreased from time to time pursuant to this Section 1(c).
Daily Purchase Amount means initially Ten Thousand Dollars ($10,000) per Trading Day, which amount may be increased or decreased from time to time pursuant to this Section 1(c).
Examples of Daily Purchase Amount in a sentence
The decrease in the Daily Purchase Amount shall remain in effect until the Company delivers to the Buyer a Daily Purchase Amount Increase Notice (as defined below).
Any purchases by the Buyer which have a Purchase Date on or prior to the first (1st) Trading Day after receipt by the Buyer of a Daily Purchase Amount Decrease Notice must be honored by the Company as otherwise provided herein.
The decrease in the Daily Purchase Amount shall become effective one Trading Day after receipt by the Buyer of the Daily Purchase Amount Decrease Notice.
Any increase in the amount of the Daily Purchase Amount shall continue in effect until the delivery to the Buyer of a Daily Purchase Amount Decrease Notice.
A Daily Purchase Amount Increase Notice shall be effective five (5) Trading Days after receipt by the Buyer.
More Definitions of Daily Purchase Amount
Daily Purchase Amount means an aggregate value of Stock, excluding commission, selected at Broker’s discretion from a range between [ *** ].
Daily Purchase Amount means initially Fifteen Thousand Dollars ($15,000) per Trading Day, which amount may be increased or decreased from time to time pursuant to this Section 1(c).
Daily Purchase Amount for any Purchase Day shall be the maximum number of shares allowed under Rule 10b-18(b)(4) (using 25% of average daily trading volume reported for the Stock during the four calendar weeks preceding the week in which the purchase is to be effected); provided, however, that (i) the total dollar amount of all aggregate purchases under the Purchase Plan during the calendar month commencing November 1, 2023 and through and including November 30, 2023 shall not exceed $8,000,000, including any commissions or fees; (ii) the total dollar amount of all aggregate purchases under the Purchase Plan during any calendar month commencing December 1, 2023 and through and including June 30, 2024 shall not exceed $6,000,000, including any commissions or fees.
Daily Purchase Amount shall have the meaning specified in Section 2(c).
Daily Purchase Amount has the meaning given to such term in the Mandate Letter.
Daily Purchase Amount for any Purchase Day shall be the maximum number of shares allowed under Rule 10b-18(b)(4) (using 25% of average daily trading volume reported for the Stock during the four calendar weeks preceding the week in which the purchase is to be effected); provided, however, that the total dollar amount of all aggregate purchases under this Purchase Plan during any calendar month shall not exceed $20,000,000, not including any commissions or fees.
Daily Purchase Amount for any Purchase Day shall be the maximum number of shares allowed under Rule 10b-18(b)(4) (using 25% of average daily trading volume reported for the Stock during the four calendar weeks preceding the week in which the purchase is to be effected); provided, however, that the total dollar amount of all aggregate purchases under the Purchase Plan, including any commissions or fees, during the periods set forth below shall not exceed the amounts set forth opposite the relevant period: March 1, 2025 – March 31, 2025 $2,000,000 April 1, 2025 – April 30, 2025 $7,500,000 May 1, 2025 – May 31, 2025 $7,500,000 June 1, 2025 – June 30, 2025 $10,000,000 July 1, 2025 – July 31, 2025 $15,000,000 August 1, 2025 – August 31, 2025 $15,000,000 September 1, 2025 – September 30, 2025 $15,000,000 October 1, 2025 – October 31, 2025 $15,000,000 November 1, 2025 – November 30, 2025 $10,000,000 December 1, 2025 – December 31, 2025 $10,000,000