Leak Out Period means the period beginning on the date of the consummation of the Uplist Offering and continuing through the date that is three (3) calendar months after the date of the consummation of the Uplist Offering. “Daily Dollar Volume” shall mean, with respect to each Trading Day, the total volume of shares of the Common Stock traded on the respective Trading Day (as reported by Quotestream or other similar quotation service provider designated by the Buyer) multiplied by the highest traded price of the Common Stock on the respective Trading Day (as reported by Quotestream or other similar quotation service provider designated by the Buyer).
Leak Out Period means the period beginning on the date of this Agreement and ending on the earlier of (i) the Maturity Date (as defined in the Note) or (ii) the date that the Company consummates an Uplist Offering (as defined in this Agreement). “Daily Dollar Volume” shall mean, with respect to each Trading Day, the total volume of shares of the Common Stock traded on the respective Trading Day (as reported by Quotestream or other similar quotation service provider designated by the Buyer) multiplied by the highest traded price of the Common Stock on the respective Trading Day (as reported by Quotestream or other similar quotation service provider designated by the Buyer). “Uplist Offering” shall mean an offering of Common Stock (or units consisting of Common Stock and warrants to purchase Common Stock) that will result in the immediate listing for trading of the Common Stock on the NYSE American, the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq Global Select Market, the New York Stock Exchange, or any other national securities exchange (or any successors to any of the foregoing). Notwithstanding anything to the contrary contained herein, this Section 8(q) shall not apply to the Buyer’s sale of the Common Stock issued upon conversion of the Note and exercise of the Warrants if such sale is at a price per share equal to or greater than $0.02 (subject to adjustments for any stock dividend, stock split, stock combination, rights offerings, reclassification or similar transaction that proportionately decreases or increases the Common Stock).
Leak Out Period means the period beginning on the date of this Agreement and continuing through the date that is six (6) calendar months after the date of this Agreement. “Trading Day” means any day that shares of Company’s common stock are listed for trading or quotation on the principal securities exchange or trading market where such common stock is listed or traded, including but not limited to any tier of the OTC Markets, any tier of the NASDAQ Stock Market (including NASDAQ Capital Market), or the NYSE American, or any successor to such markets. “Daily Volume” shall mean, with respect to each Trading Day, the total number of shares of the Company’s common stock traded on the respective Trading Day (as reported by Quotestream or other similar quotation service provider reasonably designated by the Holders).
Examples of Leak Out Period in a sentence
The Company may impose stop-transfer instructions with respect to any Shares or Other Securities subject to the restrictions set forth in this section 2 until the end of such Leak-Out Period.
More Definitions of Leak Out Period
Leak Out Period means the three (3) consecutive months immediately following the Buyer Share Issuance Date.
Leak Out Period means the period beginning on the Effective Date and ending on the earlier of (i) the Maturity Date or (ii) the date that the Company consummates an Uplist Offering.
Leak Out Period means the period beginning on the date of this Agreement and ending on the earlier of (i) the date that is twelve (12) months after the date of this Agreement, (ii) the date that an Event of Default (as defined in the Note) occurs under the Note, or (iii) the date that the Company consummates an Uplist Offering (as defined in this Agreement). "Daily Dollar Volume" shall mean, with respect to each Trading Day, the total volume of shares of the Common Stock traded on the respective Trading Day (as reported by Quotestream or other similar quotation service provider designated by the Holder) multiplied by the highest traded price of the Common Stock on the respective Trading Day (as reported by Quotestream or other similar quotation service provider designated by the Holder). "Uplist Offering" shall mean an offering of Common Stock (or units consisting of Common Stock and warrants to purchase Common Stock) that will result in the immediate listing for trading of the Common Stock on the NYSE American, the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq Global Select Market, the New York Stock Exchange, or any other national securities exchange (or any successors to any of the foregoing).
Leak Out Period has the meaning set forth in Section 2(a).
Leak Out Period means the period beginning on the date of this Agreement and ending on the date that an Event of Default (as defined in the Note) occurs under the Note. “Daily Dollar Volume” shall mean, with respect to each Trading Day, the total volume of shares of the Common Stock traded on the respective Trading Day (including pre-market and after-market trades) as reported by Nasdaq or other quotation service provider designated by the Buyer multiplied by the VWAP (as defined in the Note) of the Common Stock on the respective Trading Day as reported by Nasdaq or other quotation service provider designated by the Buyer.
Leak Out Period means the period commencing on the Lock-up Period End Date and ending twelve (12) months after the Lock-up Period End Date.
Leak Out Period shall begin on June 1, 2006 and shall extend for twenty-four (24) additional months thereafter. During the Leak-Out Period, the Stockholders shall be limited to sale or disposition of an aggregate total of 50,000 shares of HOTJ Common Stock in any consecutive three month period. Upon expiration of the Leak-Out Period the restrictions set forth in this Agreement shall terminate.