Maximum Draw Down Amount Requested definition

Maximum Draw Down Amount Requested means the product of (i) the Average Trading Volume and (ii) 3.0.

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Maximum Draw Down Amount Requested shall have the meaning set forth in Section 3.4.

Maximum Draw Down Amount Requested means, with respect to any single Draw Down Notice, the lesser of (i) a dollar amount equal to the product of (A) 300% of the Average Trading Volume and (B) the Reference Price, and (ii) (A) $250,000, if the Reference Price as of the applicable Draw Down Exercise Date is equal to or greater than $0.05 and less than $0.06, (B) $300,000, if the Reference Price as of the applicable Draw Down Exercise Date is equal to or greater than $0.06 and less than $0.07, (C) $350,000, if the Reference Price as of the applicable Draw Down Exercise Date is equal to or greater than $0.07 and less than $0.08, (D) $400,000, if the Reference Price as of the applicable Draw Down Exercise Date is equal to or greater than $0.08 and less than $0.09, (E) $450,000, if the Reference Price as of the applicable Draw Down Exercise Date is equal to or greater than $0.09 and less than $0.10, (F) $500,000, if the Reference Price as of the applicable Draw Down Exercise Date is equal to or greater than $0.10 and less than $0.15, (G) $750,000, if the Reference Price as of the applicable Draw Down Exercise Date is equal to or greater than $0.15 and less than $0.20, (H) $1,000,000, if the Reference Price as of the applicable Draw Down Exercise Date is equal to or greater than $0.20 and less than $0.25, (I) $1,500,000, if the Reference Price as of the applicable Draw Down Exercise Date is equal to or greater than $0.25 and less than $0.30, (J) $2,000,000, if the Reference Price as of the applicable Draw Down Exercise Date is equal to or greater than $0.30 and less than $0.35, (K) $2,750,000, if the Reference Price as of the applicable Draw Down Exercise Date is equal to or greater than $0.35 and less than $0.40, (L) $3,500,000, if the Reference Price as of the applicable Draw Down Exercise Date is equal to or greater than $0.40 and less than $0.45, (M) $4,250,000, if the Reference Price as of the applicable Draw Down Exercise Date is equal to or greater than $0.45 and less than $0.50, and (N) $5,000,000, if the Reference Price as of the applicable Draw Down Exercise Date is equal to or greater than $0.50, in all cases which shall be appropriately adjusted for any stock splits, stock combinations, stock dividends, recapitalizations and other similar transactions.

Examples of Maximum Draw Down Amount Requested in a sentence

If the Company issues a Draw Down Notice in which the Draw Down Amount Requested exceeds the Maximum Draw Down Amount Requested, such Draw Down Notice shall be void ab initio to the extent the Draw Down Amount Requested exceeds the Maximum Draw Down Amount Requested.
Anything to the contrary in this Agreement notwithstanding, the parties hereto acknowledge and agree that the Investor shall not be required to purchase, and shall not purchase, more than the Maximum Draw Down Amount Requested pursuant to any single Draw Down Notice.
The Draw Down Notice shall specify the Draw Down Amount Requested (which shall not exceed the Maximum Draw Down Amount Requested), the applicable Floor Price for such Draw Down and the first and last Trading Day of the Pricing Period.
The Draw Down Notice shall specify the Draw Down Amount Requested (which shall not exceed the Maximum Draw Down Amount Requested), establish the Floor Price for such Draw Down and designate the first and last Trading Day of the Pricing Period.
The Draw Down Notice shall specify the Draw Down Amount Requested (which shall not exceed the Maximum Draw Down Amount Requested).
The Draw Down Notice shall specify the Draw Down Amount Requested (which shall not exceed the Maximum Draw Down Amount Requested), the Floor Price for such Draw Down and the first and last Trading Day of the Pricing Period.
The Draw Down Notice shall specify the Draw Down Amount Requested (which shall not exceed the Maximum Draw Down Amount Requested), and designate the first and last Trading Day of the Pricing Period.

More Definitions of Maximum Draw Down Amount Requested

Maximum Draw Down Amount Requested means the product of (i) the Average Trading Volume and (ii) 3.0 provided, however, that, solely for purposes of the initial Draw Down, the Maximum Draw Down Amount Requested shall equal the greater of (A) the product of (i) the Average Trading Volume and (ii) 3.0 and (B) the quotient obtained by dividing (x) $400,000 by (y) the Closing Sale Price of the Common Stock on the Trading Day immediately preceding the date hereof.