Demand Threshold definition

Demand Threshold shall have the meaning set forth in Section 2(a).
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Demand Threshold means, as of any specific date of measurement, the lesser of (i) a number of shares of Common Stock representing an anticipated aggregate offering price of $100,000,000, determined by dividing $100,000,000 by the average of the closing price of Common Stock on Nasdaq for the ten (10) trading days immediately preceding such date and (ii) the remaining Registrable Securities of the H&F Holders.
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Demand Threshold means, as of any specific date of measurement, a number of shares of Common Stock representing an anticipated aggregate offering price of $25,000,000, determined by dividing $25,000,000 by the average of the closing price of Common Stock on the NYSE for the ten (10) trading days immediately preceding such date.
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Examples of Demand Threshold in a sentence

  • Commencing on the applicable Commencement Date of a Data Hall and continuing throughout the Term for such applicable Data Hall (subject to escalation set forth herein), Tenant’s Base Rent for such Data Hall will be equal to the product of the Base Rent Rate for such applicable Data Hall multiplied by its applicable Electricity Demand Threshold of such Data Hall (as escalated from time to time, the “Base Rent”), to be paid in accordance with the provisions of this Lease.

  • In the case of an Underwritten Offering under Section 6.1 or 6.2, the price, underwriting discount and other financial terms for the Registrable Securities shall be determined by TPG and LGP (if it is seeking to participate in such Underwritten Offering and as long as LGP and its Affiliates then hold the Demand Threshold Amount).

  • It is understood among the parties that any of Registrable Securities which are subject to any contractual restriction on transfer as the result of any agreement between the Stockholder and Parent shall not be included in any registration statement pursuant to this Agreement until such restrictions have lapsed or have otherwise been terminated and such Registrable Securities shall not be included in determining whether the Demand Threshold has been met or exceeded.