Examples of Liquidated Damages Multiplier in a sentence
The Liquidated Damages Multiplier shall be determined as of the first day of each such 30-day period.
In no event will the aggregate Liquidated Damages payable to a Holder pursuant to this Agreement exceed (i) if the Company has not breached Section 2.08, 5% and (ii) if otherwise, 10%, in each case, of the Liquidated Damages Multiplier of such Holder.
If the Registration Statement required by this Section 2.01 is not effective by the Target Effective Date, then each Purchaser shall be entitled to a payment with respect to such Purchaser’s Registrable Securities, as liquidated damages and not as a penalty, of 1% of the Liquidated Damages Multiplier and an additional 1% of the Liquidated Damages Multiplier per 30-day period for each subsequent 30 days (the “Liquidated Damages”).