Draw Down Discount Percentage definition

Draw Down Discount Percentage means (i) 93% if the Threshold Price is equal to or greater than $3.00 but less than $6.00, (ii) 93.5% if the Threshold Price is equal to or greater than $6.00 but less than $10.00, (iii) 94% if the Threshold Price is equal to or greater than $10.00 but less than $13.00, (iv) 94.5% if the Threshold Price is equal to or greater than $13.00 but less than $16.00, and (v) 95% if the Threshold Price is equal to or greater than $16.00.

Draw Down Discount Percentage means (i) 90% if the Threshold Price is equal to and greater than $.35 but less than $1.00, (ii) 93% if the Threshold Price is equal to or greater than $1.00 but less than or equal to $3.00, and (iii) for every $1.00 increase of the Threshold Price above $3.00 up to $16.00, such draw down discount percentage shall increase by 0.10%.

Draw Down Discount Percentage means (i) 94% if the Threshold Price is equal to or greater than $10.00 but less than $22.00, (ii) 94.5% if the Threshold Price is equal to or greater than $22.00 but less than $26.00, (iii) 95% if the Threshold Price is equal to or greater than $26.00 but less than $30.00, and (iv) 95.25% if the Threshold Price is equal to or greater than $30.00.

Examples of Draw Down Discount Percentage in a sentence

• Notwithstanding anything in the foregoing to the contrary, for each Trading Day during the Draw Down Pricing Period that the VWAP is less than the Threshold Price or is deemed to be below the Threshold Price pursuant to the immediately preceding sentence, the Purchaser may elect in its sole discretion to purchase Shares at a price equal to the Threshold Price multiplied by the Draw Down Discount Percentage at the end of such Draw Down Pricing Period.

• Notwithstanding anything in the foregoing to the contrary, for each trading day during the Draw Down Pricing Period that the VWAP is less than the Threshold Price, the Purchaser may elect in its sole discretion to purchase Shares at a price equal to the Threshold Price multiplied by the Draw Down Discount Percentage at the end of such Draw Down Pricing Period.

• For each trading day during the Draw Down Pricing Period that the VWAP is less than the Threshold Price, the Purchaser may elect in its sole discretion to allocate 1/18th (or such other fraction based upon the agreed upon Draw Down Pricing Period) of the Draw Down Amount to purchase Shares at the end of such Draw Down Pricing Period at a price equal to the product of (A) the Draw Down Discount Percentage times (B) the Threshold Price.

• The Company may amend a Draw Down Notice to provide that a Threshold Price higher or lower than the Threshold Price then in effect (and a corresponding higher or lower Draw Down Amount and Draw Down Discount Percentage) shall apply to each day of the final ten (10) Trading Days of the Draw Down Pricing Period; provided, however, that the Company provides such amended Draw Down Notice on or before 5:00 p.m., eastern time, of the tenth (10th) Trading Day of the Draw Down Pricing Period.

• Notwithstanding anything in the foregoing to the contrary, for each Trading Day during the Draw Down Pricing Period that the VWAP is less than the Threshold Price, the Purchaser may elect in its sole discretion to purchase Shares at a price equal to the Threshold Price multiplied by the Draw Down Discount Percentage at the end of such Draw Down Pricing Period.

More Definitions of Draw Down Discount Percentage

Draw Down Discount Percentage means (i) 94.5% if the Market ----------------------------- Capitalization is equal to or greater than $400,000,000 but less than $500,000,000; (ii) 95% if the Market Capitalization is equal to or greater than $500,000,000 but less than $750,000,000; (iii) 95.5% if the Market Capitalization is equal to or greater than $750,000,000 but less than $1,000,000,000; and (iv) 96% if the Market Capitalization is equal to or greater than $1,000,000,000.

Draw Down Discount Percentage means (i) 90% if the Threshold Price is equal to or greater than $8.00 but less than $10.00 and (ii) 94% if the Threshold Price is equal to or greater than $10.00 but less than or equal to $14.00; PROVIDED, HOWEVER, that for every $1.00 increase in the Threshold Price above $14.00, up to a maximum Threshold Price of $28.00, the draw down discount percentage shall be increased by .025%, incrementally, up to a maximum draw down discount percentage of 94.35%.

Draw Down Discount Percentage means 93.5% if the Threshold Price is equal to or greater than $17.00 but less than $20.00; provided, however, that for every $3.00 increase in the Threshold Price above $17.00, the draw down discount percentage shall be increased 0.25%, incrementally; provided, further, that if the Threshold Price is equal to or greater than $38.00 the draw down discount percentage shall be equal to 95.25%; provided, further, that if the Threshold Price is less than $17.00 but equal to or greater than $14.00, the draw down discount percentage means 93%; provided, further, that for every $3.00 decrease in the Threshold Price below $14.00 but equal to or greater than $8.00, the draw down discount percentage shall be decreased 0.5%; provided, further, that if the Threshold Price is less than $8.00 but equal to or greater than $5.00, the draw down discount percentage shall mean 92%; provided, further, that if the Threshold Price is less than $5.00 but equal to or greater than $2.00, the draw down discount percentage shall mean 91%.

Draw Down Discount Percentage means 93%, provided, however, that for every $75,000,000 increase in the Market Capitalization above $300,000,000, the draw down discount percentage shall be increased by .625%, incrementally, up to a maximum draw down discount percentage of 96%.

Draw Down Discount Percentage means (i) 96.5% if the Threshold Price is equal to or exceeds $25.00; (ii) 96.0% if the Threshold Price is equal to or exceeds $16.00 but is less than $25.00; (iii) 95.5% if the Threshold Price is equal to or exceeds $12.00 but is less than $16.00; (iv) 95.0% if the Threshold Price is equal to or exceeds $8.00 but is less than $12.00; (v) 94.0% if the Threshold Price is equal to or exceeds $6.00 but is less than $8.00; and (vi) such discount price mutually agreed upon by the Purchaser and the Company, if the Threshold Price is less than $6.00.

Draw Down Discount Percentage means (i) % if the Threshold Price is equal to or greater than $ and less than $ ; (ii) % if the Threshold Price is equal to or greater than $ and less than $ ; (iii) % if the Threshold Price is equal to or greater than $ and less than $ ; or (iv) % if the Threshold Price is equal to or greater than $ .

Draw Down Discount Percentage means ninety-five percent (95%) or such other discount percentage as mutually agreed upon in writing by the Company and the Purchaser.