Purchase Notice Limitation means either Purchase Notice Limitation Option I for a Purchase Notice electing Purchase Price I, Purchase Notice Limitation Option II for a Purchase Notice electing Purchase Price II, or Purchase Notice Limitation Option III for a Purchase Notice electing Purchase Price III.
Purchase Notice Limitation means for the initial Purchase Notice (i) a dollar amount no less than $100,000 and no greater than $2,000,000 and for all subsequent Purchase Notices (ii) a dollar amount no less than $100,000 and no greater than $1,000,000, unless waived upon mutual discretion between Investor and Company up to an amount no greater than $5,000,000.
Purchase Notice Limitation means the lesser of (i) $250,000 or (ii) three hundred percent (300%) of the Average Daily Trading Volume during the five Business Days prior to a Purchase Notice.
Examples of Purchase Notice Limitation in a sentence
The Company acknowledges and agrees that the amount of Purchase Notice Securities shall not exceed the Purchase Notice Limitation applicable to such Purchase Notice or the Beneficial Ownership Limitation.
If the Investor and the Company are unable to promptly resolve such dispute relating to such Purchase Notice Limitation or closing price (as the case may be), at any time after the second (2nd) Business Day following such initial notice by the Company or the Investor (as the case may be) of such dispute to the Company or the Investor (as the case may be), then the Company and the Investor may select an independent, reputable investment bank as mutually agreed upon to resolve such dispute.
More Definitions of Purchase Notice Limitation
Purchase Notice Limitation means an amount not to exceed $1,000.000, unless the Company and the Investor mutually agree in writing.
Purchase Notice Limitation means a limitation not to exceed five hundred thousand dollars ($500,000), unless waived upon mutual discretion between Investor and Company; provided, however, that the total limit shall not exceed two million dollars ($2,000,000) per Purchase Notice.
Purchase Notice Limitation means a limitation of $500,000 per Purchase Notice; provided, however, that the Parties may mutually agree, in writing, to increase the Purchase Notice limitation to an amount not to exceed $1,000,000 per Purchase Notice.
Purchase Notice Limitation means either the Initial Purchase Notice Limitation for the Initial Purchase Notice or the Regular Purchase Notice Limitation for a Regular Purchase Notice.