Held Shares Value means, for shares of Common Stock acquired by the Investor upon a conversion of a Debenture within the thirty (30) days preceding the Restricted Sale Date, but not yet sold by the Investor, the principal amount of the Debentures converted into such Conversion Shares; provided, however, that if the Investor effected more than one such conversion during such thirty (30) day period and sold less than all of such shares, the sold shares shall be deemed to be derived first from the conversions in the sequence of such conversions (that is, for example, until the number of shares from the first of such conversions have been sold, all shares shall be deemed to be from the first conversion; thereafter, from the second conversion until all such shares are sold).
Held Shares Value means, for shares acquired by the Investor upon a conversion within the thirty (30) days preceding the Restricted Sale Date, but not yet sold by the Investor, the principal amount of the Preferred Stock converted into such Conversion Shares; provided, however, that if the Investor effected more than one conversion during such thirty (30) day period and sold less than all of such shares, the sold shares shall be deemed to be derived first from the conversions in the sequence of such conversions (that is, for example, until the number of shares from the first of such conversions have been sold, all shares shall be deemed to be from the first conversion; thereafter, from the second conversion until all such shares are sold). By way of illustration and not in limitation of the foregoing, if the Registration Statement is timely filed but is not declared effective until one hundred ninety (190) days after the Initial Closing Date, the Periodic Amount will aggregate five percent (5%) of the Purchase Price of the Preferred Stock theretofore issued (1% for days 121-150, plus 2% for days 151-180, plus 2% for days 181-195).
Held Shares Value means the Purchase Price for shares of Common Stock acquired by the Investor and not yet sold.
Examples of Held Shares Value in a sentence
Any provision of this Agreement may be amended and the observance thereof may be waived (either generally or in a particular instance and either retroactively or prospectively), only with the written consent of the Company and Investors who hold a fifty (50%) percent interest of the Held Shares Value as of such date.
More Definitions of Held Shares Value
Held Shares Value means, for shares of Common Stock acquired by the Investor upon a conversion of Purchased Shares within the thirty (30) days preceding the Restricted Sale Date, but not yet sold by the Investor, the Stated Value of the Purchased Shares converted into such Conversion Shares; provided, however, that if the Investor effected more than one such conversion during such thirty (30) day period and sold less than all of such shares, the sold shares shall be deemed to be derived first from the conversions in the sequence of such conversions (that is, for example, until the number of shares from the first of such conversions have been sold, all shares shall be deemed to be from the first conversion; thereafter, from the second conversion until all such shares are sold).
Held Shares Value means, for shares of Common Stock acquired by the Investor upon a conversion of a Debenture within the twenty (20) Trading Days (excluding any Trading Days on which the on which the Investor is restricted from making sales of Registrable Securities covered by any previously effective Registration Statement) preceding the Restricted Sale Date, but not yet sold by the Investor, the principal amount of the Debentures converted into such Conversion Shares; provided, however, that if the Investor effected more than one such conversion during such twenty (20) Trading Day period and sold less than all of such shares, the sold shares shall be deemed to be derived first from the conversions in the sequence of such conversions (that is, for example, until the number of shares from the first of such conversions have been sold, all shares shall be deemed to be from the first conversion; thereafter, from the second conversion until all such shares are sold).
Held Shares Value means, the amount equal to (i) the number shares of Purchased Shares still held by the Holder, multiplied by (ii) the Per Share Purchase Price.
Held Shares Value means, for shares acquired by the Investor upon a conversion within the thirty (30) days preceding the Restricted Sale Date, but not yet sold by the Investor, the principal amount of the Preferred Stock converted into such Conversion Shares; provided, however, that if the Investor effected more than one conversion during such thirty (30) day period and sold less than all of such shares, the sold shares shall be deemed to be derived first from the conversions in the sequence of such conversions (that is, for example, until the number of shares from the first of such conversions have been sold, all shares shall be deemed to be from the first conversion; thereafter, from the second conversion until all such shares are sold).
Held Shares Value means, for shares acquired by the Investor upon a conversion within the thirty (30) days preceding the Restricted Sale Date, but not yet sold by the Investor, the principal amount of the Preferred Stock converted into such Conversion Shares; provided, however, that if the Investor effected more than one conversion during such thirty (30) day period and sold less than all of such shares, the sold shares shall be deemed to be derived first from the conversions in the sequence of such conversions (that is, for example, until the number of shares from the first of such conversions have been sold, all shares shall be deemed to be from the first conversion; thereafter, from the second conversion until all such shares are sold). By way of illustration and not in limitation of the foregoing, if the Registration Statement for the Registrable Securities relating to the Preferred Stock and Warrants issued on the Initial Closing Date is timely filed but is not declared effective until one hundred sixty-five (165) days after the Initial Closing Date, the Periodic Amount will aggregate four percent (4%) of the
Held Shares Value means, for shares acquired by the Holder upon a conversion within the thirty (30) days preceding the Restricted Sale Date, but not yet sold by the Holder, the principal amount of the Debentures converted into such Conversion Shares; provided, however, that if the Holder effected more than one conversion during such thirty (30) day period and sold less than all of such shares, the sold shares shall be deemed to be derived first from the conversions in the sequence of such conversions (that is, for example, until the number of shares from the first of such conversions have been sold, all shares shall be deemed to be from the first conversion; thereafter, from the second conversion until all such shares are sold). Notwithstanding anything to the contrary contained herein, a failure to maintain the effectiveness of the Registration Statement or the ability of a Holder to use the Registration Statement to effect resales of Securities during the period after 45 days and within 90 days from the end of the Company's fiscal year resulting solely from the need to update the Company's financial statements contained or incorporated by reference in the Registration Statement, or the earlier filing of the Company's annual reports on Form 10-KSB for the preceding fiscal year (the "Financial Update Period") shall not constitute a Registration Default and shall not trigger the accrual of liquidated damages hereunder. Each Periodic Amount will be payable by the Company in cash or other immediately available funds to the Holder on the day after the Required Filing Date or the Required Effective Date, as the case may be, and each thirtieth day thereafter, without requiring demand therefor by the Holder.
Held Shares Value means the sum of