Exchange Principal Amount definition

Exchange Principal Amount has the meaning set forth in the “Recitals” section.
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Exchange Principal Amount means $5,000,000, in the aggregate between the Holders; provided that the Exchange Principal Amount shall be reduced (proportionally per Holder) to the extent that the aggregate number of shares of Exchange Stock delivered by the Company to both Holders, in the aggregate, pursuant to this Agreement based on the Share
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Exchange Principal Amount means $5,000,000; provided that the Exchange Principal Amount shall be reduced to the extent that the aggregate number of shares of Exchange Stock delivered by the Company pursuant to this Agreement based on the Share Reference Price exceeds 2,000,000. The “Share Reference Price” means the closing price of the Common Stock
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Examples of Exchange Principal Amount in a sentence

  • Date of Exchange: Principal Amount of Note to be Exchanged: Amount of Interest to be Exchanged: Additional Amounts to be Exchanged: Common Shares to be Delivered: Name of Holder: Address: Signature: NOTICE: The name of the Holder must correspond with the name as written upon the face of the within-mentioned instrument in every particular, without alteration or any change whatsoever.

  • Each Holder acknowledges that upon receipt of such Holder’s Exchange Principal Amount, together with the Exchange Note Cash Payment and accrued and unpaid interest on the Existing Notes being exchanged payable to such Holder, the Company’s obligations to pay such Holder principal and interest on the Existing Notes so exchanged by such Holder shall be satisfied.

  • In consideration for entering into this Amendment, the Payee shall convert the Initial Exchange Principal Amount ($600,000) plus the Initial Conversion Interest Amount thereon ($48,000) by exercising the Voluntary Exchange right into the Qualified Offering or Public Offering.

  • Each Holder (or in the case of the Zazove Accounts, Zazove on behalf of such Holder) acknowledges that upon receipt of such Holder’s Exchange Principal Amount and Exchange Warrant Amount, together with the Exchange Note Cash Payment payable to such Holder, the Company’s obligations to pay such Holder principal and interest on the Old Notes so exchanged by such Holder shall be satisfied.


More Definitions of Exchange Principal Amount

Exchange Principal Amount means $5,000,000; provided that the Exchange Principal Amount shall be reduced to the extent that the aggregate number of shares of Exchange Stock delivered by the Company pursuant to this Agreement based on the Share Reference Price exceeds 2,000,000. The “Share Reference Price” means the closing price of the Common Stock on the Nasdaq Global Select Market (the “Principal Market”) on the day following the date of this Agreement; provided that the Share Reference Price shall not be less than $3.01. The exchange described in this Section 1.1 is referred to in this Agreement as the “Exchange.”
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