Repricing Period definition
Examples of Repricing Period in a sentence
The parties hereto agree that if Company shall, at any time or from time to time during the Repricing Period, issue any additional Common Shares to any other investor at a price lower than $6.00 per share, then Investor shall be entitled to adjust its stock price per share under this Agreement ($6.00 per share) to such lower stock price per share and the number of Purchased Shares shall be proportionally increased to account for this adjustment.
The number of shares of Common Stock issuable as Repriced Shares may increase substantially in certain circumstances, including, but not necessarily limited to, the circumstance wherein the trading price of the Common Stock declines during the period between the Effective Date and the end of the Final Repricing Period.
For purposes of clarification, whether or not the Company provides a Repricing Period Adjustment Notice pursuant to this Section, each Holder shall only be required to pay the Reset Exercise Price with respect to such exercise, regardless of whether a Holder accurately refers to such price in any Notice of Exercise.
The Company shall notify each Holder of the start of the Repricing Period (each notice, a “Repricing Period Adjustment Notice”).
After the Adjustment Date, the interest rate shall be computed in like manner and fixed by CFC from time to time; provided, however, that CFC will not change any such fixed interest rate without giving the Borrower at least 60 days prior written notice (any such 90-day or 60-day notification period being herein called a "Notification Period" and such period from January 1 to December 31 immediately following a Notification Period being herein called a "Repricing Period").
The "Third Repricing Period" shall commence on the day immediately following the Second Repricing Period and end twenty (20) Business Days thereafter.
If during any Repricing Period the applicable Registration Statement is suspended or no longer effective, the Repricing Period shall be extended for such number of Business Days during which the Registration Statement was suspended or no longer effective.
If the lowest average Closing Bid Price for any five (5) Business Days (not necessarily consecutive) during the First Repricing Period (the "FIRST REPRICING PRICE"), is not equal to or greater than 120% of the Initial Closing Price, then one-third (1/3) of the Initial Shares shall be repriced (the "FIRST REPRICED SHARES").
Purchaser shall provide facsimile notice to the Company substantially in the form of Exhibit 2 hereto, within three (3) Business Days of the end of the First Repricing Period concerning the number of the First Repriced Shares, if any, that Purchaser wishes to reprice.
If the average Closing Bid Price for the twenty (20) Business Days during the First Repricing Period (the "FIRST REPRICING PRICE"), is not equal to or greater than the Agreed Amount, then one-third (1/3) of the Initial Shares shall be repriced (the "FIRST REPRICED SHARES").