Purchase Notice Limitation Option II definition

Purchase Notice Limitation Option II means the lesser of: (i) a number of ADSs equal to two percent (2%) of the Commitment Amount divided by the closing price per ADS on the Principal Market on the Business Day immediately prior to the date the initial Commitment Securities are issued or (ii) a number of ADSs equal to $500,000 divided by Purchase Price II.
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Purchase Notice Limitation Option II means the lessor of (i) $1,000,000 or (ii) the greater of (a) 300% of the Average Daily Trading Volume or (b) $300,000.
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Purchase Notice Limitation Option II means the lesser of (i) a number of Common Shares equal to one and one-half percent (1.5%) of the Commitment Amount divided by the closing price per Common Share on the Principal Market on the Execution Date (as reported by Xxxxxxxxx) or (ii) $500,000.
Sample 1

Related to Purchase Notice Limitation Option II

  • Put Option Notice means a notice which must be delivered to a Paying Agent by any Noteholder wanting to exercise a right to redeem a Note at the option of the Noteholder;

  • Purchase Notice has the meaning set forth in Section 1.2.

  • Repurchase Notice has the meaning set forth in Section 8.6(a).

  • Call Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and payment of the exercise price, as specified therein, to purchase from the writer thereof the specified underlying Securities.