Draw Down Discount Price definition

Draw Down Discount Price means (i) 90% of the VWAP on any Trading Day during the Draw Down Pricing Period when the VWAP equals to or exceeds $2.00 but is less than or equal to $7.00, (ii) 92% of the VWAP on any Trading Day during the Draw Down Pricing Period when the VWAP exceeds $7.00 but is less than or equal to $10.50 and (iii) 94% of the VWAP on any Trading Day during the Draw Down Pricing Period when the VWAP exceeds $10.50.
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Draw Down Discount Price means (i) 86% of the VWAP on any Trading Day during a Draw Down Pricing Period when the VWAP equals or exceeds $2.00 but is less than or equal to $2.50, (ii) 88% of the VWAP on any Trading Day during a Draw Down Pricing Period when the VWAP exceeds $2.50 but is less than or equal to $4.35, (iii) 90% of the VWAP on any Trading Day during a Draw Down Pricing Period when the VWAP exceeds $4.35 but is less than or equal to $8.00, (iv) 92% of the VWAP on any Trading Day during a Draw Down Pricing Period when the VWAP exceeds $8.00 but is less than or equal to $10.00, or (v) 94% of the VWAP on any Trading Day during a Draw Down Pricing Period when VWAP exceeds $10.00.
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Draw Down Discount Price shall have the meaning assigned to such term in Section 6.1(b) hereof.
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Examples of Draw Down Discount Price in a sentence

  • Subject to Section 3.6(b), the number of shares issuable on a Trading Day during a Draw Down Pricing Period shall be equal to the quotient of one eighth (1/8th) of the Draw Down Amount divided by the Draw Down Discount Price for such Trading Day.

  • The number of shares issuable on a Trading Day during a Draw Down Pricing Period shall be equal to the quotient of one eighth (1/8th) of the Draw Down Amount divided by the Draw Down Discount Price for such Trading Day.

  • The number of Shares to be issued in connection with each Draw Down shall be equal to the sum of the quotients (for each Trading Day of the Draw Down Pricing Period for which the Draw Down Discount Price equals or exceeds the Threshold Price) of one fifteenth (1/15th) of the Draw Down Amount divided by the applicable Draw Down Discount Price.

  • Subject to Section 3.06(b), the number of Shares issuable on a Trading Day during a Draw Down Pricing Period shall be equal to the quotient of one eighth (1/8th) of the Draw Down Amount divided by the Draw Down Discount Price for such Trading Day.

  • From $500 million to $300 million, for each $100 million decrease in Market Capitalization, the Draw Down Discount Price shall be decreased by 0.50% incrementally.


More Definitions of Draw Down Discount Price

Draw Down Discount Price means (i) 90% of the VWAP on any Trading Day during the Draw Down Pricing Period when the VWAP is equal to or exceeds $2.00 but is less than $10.00, and (ii) 92% of the VWAP on any Trading Day during the Draw Down Pricing Period when the VWAP is equal to or exceeds $10.00.
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Draw Down Discount Price means (i) 88% of the VWAP on any Trading Day during a Draw Down Pricing Period when the VWAP equals or exceeds$1.25 but is less than or equal to $2.40, (ii) 90% of the VWAP on any Trading Day during the Draw Down Pricing Period when VWAP exceeds $2.40 but is less than or equal to $5.50, (iii) 92% of the VWAP on any Trading Day during the Draw Down Pricing Period when VWAP exceeds $5.50 but is less than or equal to $9.00, (iv) 94% of the VWAP on any Trading Day during the Draw Down Pricing Period when VWAP exceeds $9.00 but is less than or equal to$12.00, or (v) 95% of the VWAP on any Trading Day during the Draw Down Pricing Period when VWAP exceeds $12.00. “Draw Down Notice” shall have the meaning assigned to such term in Section 3.1 hereof.
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Draw Down Discount Price means (i) 88% of the VWAP on any Trading Day during the Draw Down Pricing Period when the VWAP equals to or exceeds $2.00 but is less than $4.00; (ii) 90% of the VWAP on any Trading Day during the Draw Down Pricing Period when the VWAP equals to or exceeds $4.00 but is less than $8.50; or (iii) 92% of the VWAP on any Trading Day during the Draw Down Pricing Period when the VWAP is equal to or exceeds $8.50. Section 1. 14. “Draw Down Notice” shall have the meaning assigned to such term in Section 3.01 hereof.
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Draw Down Discount Price means (i) 88% of the VWAP on any Trading Day during a Draw Down Pricing Period when the VWAP equals or exceeds $0.90 but is less than or equal to $3.00, (ii) 90% of the VWAP on any Trading Day during the Draw Down Pricing Period when the VWAP
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Draw Down Discount Price means (i) 80% of the VWAP on any Trading Day during a Draw Down Pricing Period when the VWAP equals or exceeds $0.40 but is less than or equal to $0.65,(ii) 83% of the VWAP on any Trading Day during the Draw Down Pricing Period when VWAP exceeds $0.65 but is less than or equal to $0.90, (iii) 85% of the VWAP on any Trading Day during the Draw Down Pricing Period when VWAP exceeds $0.90 but is less than or equal to $1.00,
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Draw Down Discount Price as set forth in Article I of the Purchase Agreement, entitled, “Definitions,” is hereby deleted in its entirety and is replaced instead with the following new definition:
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Draw Down Discount Price means, for any Trading Day during a Draw Down Pricing Period (other than a Draw Down Pricing Period in respect of the Special Issue Right described in Section 3.8), (i) 90% of the VWAP on any Trading Day during the Draw Down Pricing Period when VWAP is equal to or exceeds $2.00 but is less than $6.75, (ii) 92% of the VWAP on any Trading Day during the Draw Down Pricing Period when VWAP is equal to or exceeds
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