Purchase Price I definition

Purchase Price I. ’ means an amount equal to (A) Sky Charm’s audited consolidated net profit for Observation Period I, multiplied by (B) 8.0 (or 8.5, if such net profit is more than HK$99,000,000), multiplied by (C) 30%; and

Purchase Price I means the lowest daily VWAP for the ADSs for the five (5) consecutive Business Days immediately prior to the Closing Date with respect to a Purchase Notice multiplied by 90%. Any Purchase Notice setting forth Purchase Price I will be subject to the Purchase Notice Limitation Option I.

Purchase Price I means the lesser of (i) the VWAP of the Common Stock for the five Business Days prior to a Purchase Notice Date multiplied by 90% or (ii) the VWAP of the Common Stock for the Business Day immediately prior to a Purchase Notice Date multiplied by 90%. Any exercise by the Company at Purchase Price I will be subject to the Purchase Notice Limitation Option I.

Examples of Purchase Price I in a sentence

• The Investor shall pay to the Company the Purchase Notice Amount with respect to the applicable Purchase Notice as full payment for such Purchase Notice Securities purchased by the Investor under the applicable Purchase Notice via wire transfer of immediately available funds as set forth below on (i) Closing Date I if the Company elects Purchase Price I, (ii) Closing Date II if the Company elects Purchase Price II, or (iii) Closing Date III if the Company elects Purchase Price III.

• For each Purchase Notice, the Company shall have the right to select Purchase Price I, Purchase Price II, or Purchase Price III at which to sell the Purchase Notice Securities subject to such Purchase Notice.

• No later than 5:00 p.m. New York time on the first Business Day after the Purchase Notice Date where the Company elects either Purchase Price I (and Closing Date I), Purchase Price II (and Closing II) or Purchase Price III (and Closing Date III), the Company shall deliver the Purchase Notice Securities as a book-entry statement evidencing that the Purchase Notice Securities have been issued to the Investor in book-entry form.

• We hereby certify that, as of the date hereof, the conditions set forth in Article VIII of the Agreement are satisfied, and we hereby elect to exercise our right pursuant to the Agreement to require you to purchase ___________ Purchase Notice Securities at the following Purchase Price (select only one): [ ] Purchase Price I [ ] Purchase Price II [ ] Purchase Price III The Closing Date in respect of the purchase and sale of the Purchase Notice Securities referred to herein shall be ________, 2023.

• Clause 1.2 of the Share Purchase Agreement shall hereby be amended to the effect that the Purchase Price I shall be EUR 46,962,448.84 (Euro forty six million nine hundred sixty two thousand four hundred forty eight and Cents eighty four) (the “Purchase Price I”), and the Purchase Price II shall be EUR 11,543,680 (Euro eleven million five hundred forty three thousand six hundred and eighty) (the “Purchase Price II”).

• Within thirty (30) days of the Execution Date, the Company shall deliver to the Investor a Purchase Notice for 489,306 Purchase Notice Shares (the “First Purchase Notice”) at the Purchase Price I.

• For each Purchase Notice the Company shall have the right to select either Purchase Price I or Purchase Price II at which to sell the Purchase Notice Shares subject to such Purchase Notice.

• The Closing of a Purchase Notice where Purchase Price I is selected shall occur no later than three Business Days after a Purchase Notice Date.

• For each Purchase Notice, the Company shall have the right to select Purchase Price I or Purchase Price II at which to sell the Purchase Notice Securities subject to such Purchase Notice.

• The Purchase Price I shall be transferred to the account of Polaris Austria GmbH, no.

More Definitions of Purchase Price I

Purchase Price I means 80% of the lowest daily VWAP of the Common Stock during the Valuation Period.

Purchase Price I shall have the meaning ascribed to such term in Clause 1.2.

Purchase Price I. Section 4.1.1

Purchase Price I shall have the meaning assigned to such term in Section 3.1 of the Investment Agreement.

Purchase Price I means the lowest daily VWAP for the Common Shares for the five (5) Business Days prior to the Closing Date with respect to a Purchase Notice multiplied by eighty-five percent (85%). Any Purchase Notice setting forth Purchase Price I will be subject to the Purchase Notice Limitation Option I.