Safety Net Price definition

Safety Net Price. The Company, at its option, may select a Safety Net Price for any specified Advance which the Company will not sell shares to the Investor under that Advance when the Purchase Price (Market Price less 10% discount) falls below such Safety Net Price during the Pricing Period.
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Safety Net Price means, in relation to each Advance, the price determined by the Company in the applicable Advance Notice, provided that such Safety Net Price shall in no case be lower than the VWAP for the five Trading Days immediately preceding the applicable Advance Notice, less the discount provided for in the Purchase Price. For greater certainty, if the Company omits to determine a Safety Net Price or determines Safety Net Price that is lower than the VWAP for the 5 Trading Days immediately preceding the applicable Advance Notice, less the discount provided for in the Purchase Price, the Safely Net Prices shall be equal to the volume weighted average price for the 5 Trading Days immediately preceding the applicable Advance Notice, less the discount provided for in the Purchase Price.
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Examples of Safety Net Price in a sentence

  • The Investor shall have the option to purchase, and the Company shall sell to the Investor, up to such amount of additional shares that have been reduced for the Safety Net Price.

  • Safety Net Price shall equal the higher of (a) five cents less than the closing price of the stock one day before the Put Notice Date or (b) ninety nine percent of the closing price of the stock one day before the Put Notice Date.

  • A Safety Net Price will be applied for any specified Put corresponding to the Put Notice.

  • If the Market Price of the Common Stock moves below the Safety Net Price during the Valuation Period then that shall constitute a Put Adjustment.

  • If ninety percent (90%) of the VWAP on a given Trading Day is less than the Safety Net Price, then the Purchaser’s funding obligation will be reduced by not counting the volume on such day for purposes of the 10% purchase obligation.

  • The first Draw Down Notice, as well as subsequent Draw Down Notices, shall be for a continuous number of trading days and funding shall occur at the end of each fifteen day trading period, at which time Company may elect to choose a different Safety Net Price which shall apply to the next fifteen day trading period.

  • The Purchaser agrees that it shall not sell Shares below the Safety Net Price set by the Company in each Draw Down Notice at any time during the applicable Pricing Period.

  • The first Investment Notice, as well as subsequent Investment Notices, shall be for a continuous number of trading days and funding shall occur at the end of seven day trading period, at which time Company may elect to choose a different Safety Net Price which shall apply to the next seven day trading period.

  • The Purchaser agrees that it shall not sell Shares below the Safety Net Price set by the Company in each Investment Notice at any time during the applicable Pricing Period.

  • Defendant will notify Plaintiff of the Daily Safety Net Price in writing by email to Plaintiff or Plaintiff's appointed representative.

Related to Safety Net Price

  • Net Price means, with respect to the purchase of any Property, without duplication, (i) the aggregate purchase price paid as cash consideration for such purchase (without adjustment for prorations), including, without limitation, the principal amount of any note received or other deferred payment to be made in connection with such purchase (except as described in clause (ii) below) and the value of any non-cash consideration delivered in connection with such purchase (including, without limitation, shares or preferred shares of beneficial interest in General Partner and OP Units or Preferred OP Units (as defined in Borrower’s partnership agreement)) plus (ii) reasonable costs of sale and non-recurring taxes paid or payable in connection with such purchase or sale.

  • Established catalogue price means the price included in a catalogue, price list, schedule, or other form that:

  • Target Price means the estimated amount payable to the Contractor for the performance of the Work under a Cost Plus Fixed Fee (CPFF) Contract.

  • Catalog price means a price included in a catalog, price list, schedule, or other form that is regularly maintained by the manufacturer or vendor, is either published or otherwise available for inspection by customers, and states prices at which sales are currently, or were last, made to a significant number of buyers constituting the general public; and

  • ex-works price means the price paid for the product ex works to the manufacturer in the EU or in a SADC EPA State in whose undertaking the last working or processing is carried out, provided the price includes the value of all the materials used, minus any internal taxes paid which are, or may be, repaid when the product obtained is exported;

  • SAFE Price means the price per share equal to (x) the Valuation Cap divided by (y) the Fully Diluted Capitalization.

  • Gross Standard Volume as herein used means volume corrected to a temperature of sixty degrees (60°) Fahrenheit, in accordance with the latest API/ASTM measurement standards, and at equilibrium vapor pressure.

  • Set Price shall have the meaning set forth in Section 4(c)(i).

  • Quality factor (Q) means the modifying factor, listed in Tables I and II of 38.4(4), that is used to derive dose equivalent from absorbed dose.

  • Supply Price has the meaning set forth in Section 6.2.

  • Commissioning Period means, with respect to each Subproject, the period commencing upon the first delivery of Feed Gas to the Subproject in accordance with Sections 4.8 and 11.1 of the Agreement continuing through achievement of RFSU, commissioning, Start Up, Performance Testing and achievement of Substantial Completion for such Subproject.

  • List Price means the list of prices of the Goods maintained by the Seller as amended from time to time;

  • Net metering period means the 12-month period following the date of final interconnection of the