First Put Limit definition

First Put Limit shall have the meaning set forth in Section 2.3.1(b).
First Put Limit means a number of Put Shares equal to the lesser of (i) 17.5% of the sum of the aggregate daily reported trading volumes in the outstanding Common Stock on the Company's Principal Market, excluding any block trades which exceed "X" shares of Common Stock made by persons other than the Investor or any affiliates of the Investor, for all Evaluation Days (as defined in Section 2.3.7(b) below) in the First Pricing Period (this limitation is referred to herein as the "First Volume Limitation"), where "X" shall equal the lesser of (x) 100,001 shares or (y) 25% of that day's trading volume, (ii) the Intended Put Share Amount, and (iii) the number of Put Shares which, when multiplied by their respective Put Share Prices, equals the Maximum Put Dollar Amount. The "Second Put Limit" shall mean a number of Put Shares equal to the lesser of (i) 17.5% of the sum of the aggregate daily reported trading volumes in the outstanding Common Stock on the Company's Principal Market, excluding any block trades which exceed "X" (as defined above) shares of Common Stock made by persons other than the Investor or any affiliates of the Investor, for all Evaluation Days (as defined in Section 2.3.7(b) below) in the Second Pricing Period (this limitation is referred to herein as the "Second Volume Limitation," which, together with the First Volume Limitation is referred to as the Volume Limitations), (ii) the difference of the Intended Put Share Amount minus the First Put Limit, and (iii) the number of Put Shares which, when multiplied by their respective Put Share Prices, and added to the First Put Limit, equals the Maximum Put Dollar Amount. Company agrees not to trade Common Stock or arrange for Common Stock to be traded for the purpose of artificially increasing the Volume Limitations. Notwithstanding the above, in no event shall the sum of the First Put Limit and the Second Put Limit exceed 17.5% of the sum of the aggregate daily reported trading volumes in the outstanding Common Stock on the Company's Principal Market, excluding any block trades which exceed "X" (as defined above) shares of Common Stock made by persons other than the Investor or any affiliates of the Investor, for the twenty (20) Trading Days immediately preceding the Put Date (this limitation, together with the limitation in (i) immediately above, are collectively referred to herein as the "Volume Limitations"). In the event of any future change in the Nasdaq's "double counting" rules, the 17.5% percentage of ...
First Put Limit means a number of Put Shares equal to the lesser of (i) 20% of the sum of the aggregate daily reported Trading Volumes in the outstanding Common Stock on the Company's Principal Market, excluding any block trades which exceed "X" shares of Common Stock made by persons other than the Investor or any affiliates of the Investor, for all Evaluation Days (as defined in Section 2.3.1(b) below) in the First Pricing Period (this limitation is referred to herein as the "First Volume Limitation"), where "X" shall equal the lesser of (x) 100,001 shares or (y) 25% of that day's Trading Volume, (ii) the Intended Put Share Amount, and (iii) the number of Put Shares which, when multiplied by their respective Put Share Prices, equals the Maximum Put Dollar Amount.

Examples of First Put Limit in a sentence

  • One requirement we observed was that the motor (and notch on the middle piece) must not be more than a few millimeters away from the stainless steel rod.

  • With respect to each Put, the Put Share Price for a number of Put Shares equal to the First Put Limit for that Put shall be determined based upon the First Pricing Period (the "First Pricing Period Put Share Price"), and the Put Share Price for a number of Put Shares equal to the Second Put Limit for that Put shall be determined based upon the Second Pricing Period (the "Second Pricing Period Put Share Price").

  • The "Individual Put Limit" is the number of shares of Common Stock that the Investor shall be obligated to purchase in a given Put, and shall equal the sum of the First Put Limit and the Second Put Limit for that Put, subject to the further limitations set forth in this subsection (b).

  • With respect to each Put, the Put Share Price for a number of Put Shares equal to the First Put Limit for that Put shall be determined on the First Pricing Date, and the Put Share Price for a number of Put Shares equal to the Second Put Limit for that Put shall be determined on the Second Pricing Date.


More Definitions of First Put Limit

First Put Limit means the sum of the Daily Accrued Amounts from each Evaluation Day in the First Pricing Period. In the event that the First Put Limit exceeds the number of Remaining Registered Put Shares (as defined below) under the effective Equity Line Registration Statement (as defined below), then the difference between the First Put Limit and the number of Remaining Registered Put Shares shall be issued to Swaxxx xx restricted shares (the "Restricted Shares"). Any such Restricted Shares issued to Swaxxx xxall have "piggyback" registration rights with regard to the next registration statement filed by the Company.
First Put Limit means a number of Put Shares equal to the lesser of (i) 20% of the sum of the aggregate daily reported Trading Volumes in the outstanding Common Stock on the Company's Principal Market, excluding any block trades which exceed "X" shares of Common Stock made by persons other than

Related to First Put Limit

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  • Final Closing Working Capital has the meaning set forth in Section 2.5(d).

  • Amount Financed means, with respect to a Receivable, the aggregate amount advanced under such Receivable toward the purchase price of the Financed Vehicle and any related costs, including amounts advanced in respect of accessories, insurance premiums, service contracts, car club and warranty contracts, other items customarily financed as part of motor vehicle retail installment sale contracts or promissory notes, and related costs.

  • Performing First Lien Bank Loans means First Lien Bank Loans which are Performing.

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  • Performing Cash Pay High Yield Securities means High Yield Securities (a) as to which, at the time of determination, not less than 2/3rds of the interest (including accretions and “pay-in-kind” interest) for the current monthly, quarterly, semiannual or annual period (as applicable) is payable in cash and (b) which are Performing.

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  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • Working Capital Advance has the meaning specified in Section 2.01(c).

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.

  • Professional Fee Amount means the aggregate amount of Professional Fee Claims and other unpaid fees and expenses that Professionals estimate they have incurred or will incur in rendering services to the Debtors prior to and as of the Confirmation Date, which estimates Professionals shall deliver to the Debtors as set forth in Article II.B of the Plan.

  • Closing Cash Payment has the meaning set forth in Section 2.06(a).

  • Closing Date Working Capital has the meaning specified in Section 2.3(b).

  • Final Closing Cash shall have the meaning set forth in Section 2.11(g).

  • Gross Proceeds means the aggregate purchase price of all Shares sold for the account of the Company through an Offering, without deduction for Organization and Offering Expenses.

  • Adjusted gross proceeds means gross proceeds less cash prizes, cost of

  • AHYDO Catch-Up Payment means any payment on any Indebtedness that would be necessary to avoid such Indebtedness being characterized as an “applicable high yield discount obligation” under Section 163(i) of the Code.

  • Professional Fee Reserve Amount means the aggregate Accrued Professional Compensation through the Effective Date as estimated by the Retained Professionals in accordance with Article II.A.2.c of this Plan.