Initial Tranche Purchase Price definition

Initial Tranche Purchase Price means Four Million Dollars ($4,000,000) as reduced by the dollar amount of advances in the amount of $1,750,000 previously made by Axxx Global Holdings, Inc. to the Company (the “Advances”), payable by the Purchaser by the (i) surrender for cancellation of a convertible promissory note in the principal amount of $50,000 previously issued to Axxx Global Holdings, Inc. by the Company (including accrued but unpaid interest thereon, the “Prior Indebtedness”) (ii), plus the remainder in cash.
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Initial Tranche Purchase Price means Four Million Dollars ($4,000,000) as reduced by the dollar amount of advances in the amount of $1,750,000 previously made by Ault Global Holdings, Inc. to the Company (the “Advances”), payable by the Purchaser by the (i) surrender for cancellation of a convertible promissory note in the principal amount of $50,000 previously issued to Ault Global Holdings, Inc. by the Company (including accrued but unpaid interest thereon, the “Prior Indebtedness”) (ii), plus the remainder in cash.
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Initial Tranche Purchase Price has the meaning given to that term in Clause 4.1.1(a);
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Examples of Initial Tranche Purchase Price in a sentence

  • The Company acknowledges that the Initial Tranche Purchase Price was paid on the Initial Tranche Closing Date.

  • Each Closing Date shall be the date that the Initial Tranche Purchase Price or Second Tranche Purchase Price is transmitted by wire transfer or otherwise credited to or for the benefit of the Company.


More Definitions of Initial Tranche Purchase Price

Initial Tranche Purchase Price means One Million Dollars ($1,000,000), payable by the Purchaser by the surrender for cancellation of the Term Note (including all accrued but unpaid interest) plus the remainder in cash.
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Related to Initial Tranche Purchase Price

  • Aggregate Purchase Price has the meaning set forth in Section 1.1.

  • Maximum Aggregate Purchase Price has the meaning assigned to such term in the Pricing Side Letter.

  • VWAP Purchase Price means the lesser of (i) the Closing Sale Price on the VWAP Purchase Date; or (ii) ninety-seven percent (97%) of volume weighted average price for the Common Stock traded on the Principal Market during normal trading hours on (A) the VWAP Purchase Date if the aggregate shares traded on the Principal Market on the VWAP Purchase Date have not exceeded the VWAP Purchase Share Volume Maximum and the Sale Price of Common Stock has not fallen below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction), or (B) the portion of the VWAP Purchase Date until such time as the sooner to occur of (1) the time at which the aggregate shares traded on the Principal Market has exceeded the VWAP Purchase Share Volume Maximum, or (2) the time at which the Sale Price of Common Stock falls below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).

  • Base Purchase Price has the meaning set forth in Section 2.2.

  • Per Share Purchase Price equals $1.00, subject to adjustment for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions of the Common Stock that occur after the date of this Agreement.

  • the Purchase Price means the price to be paid by the Buyer to the Seller for the purchase of the Property;

  • Purchase Price Percentage has the meaning assigned to such term in the Pricing Side Letter.

  • VWAP Purchase Share Percentage means, with respect to any particular VWAP Purchase Notice pursuant to Section 1(c) hereof, the percentage set forth in the VWAP Purchase Notice which the Buyer will be required to buy as a specified percentage of the aggregate shares traded on the Principal Market during normal trading hours up to the VWAP Purchase Share Volume Maximum on the VWAP Purchase Date subject to Section 1(c) hereof but in no event shall this percentage exceed thirty percent (30%) of such VWAP Purchase Date’s share trading volume of the Common Stock on the Principal Market during normal trading hours.

  • Final Purchase Price has the meaning set forth in Section 2.02.

  • Initial Purchase Price has the meaning set forth in Section 2.1.