Third Adjustment Date definition

Third Adjustment Date means a date after the Second Adjustment Date that is the thirtieth (30th) Trading Day immediately following the earlier of (i) the date that such Buyer can sell all of the Registrable Securities and the Adjustment Shares without restriction or limitation pursuant to Rule 144 and without the requirement to be in compliance with Rule 144(c)(1) and (ii) the date that is one (1) year immediately following the Closing Date.
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Third Adjustment Date shall have the meaning ascribed to such term in Section 1.04(b);
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Third Adjustment Date means the date on which the Company achieves Product Sales Revenues equal to or exceeding $25 million for the trailing 12 month period.
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Examples of Third Adjustment Date in a sentence

  • On the Third Adjustment Date, the Company shall cause the Acquired Company (as defined below) to issue to the holders of Series A Senior Convertible Preferred Shares, on a pro rata basis, a ten percent (10%) equity stake in any company (in the aggregate) (the “Acquired Company”) acquired with the proceeds from the sale of the Series A Senior Convertible Preferred Shares (collectively, the “Additional Equity Interest”).

  • On October 31, 2023 (the “Third Adjustment Date”), the Conversion Price shall be adjusted to the lesser of: (i) the Conversion Price in effect on the Third Adjustment Date, or (ii) 85% of the average closing price of the Common Stock on the Trading Market for the fifteen (15) Trading Days prior to the Third Adjustment Date.

  • On the Third Adjustment Date, the Company shall issue to each Buyer any Adjustment Balance Shares with respect to the Third Adjustment Date calculated with respect to such Buyer.

  • Newly competent larvae typically avoid settling on substrates with high macroalgal cover and sedimentation, and thus might never recruit to degraded reefs, hindering their recovery.

  • For avoidance of doubt, the Holders of Series A Convertible Preferred Shares issued under that financing shall receive an equity stake in KCWS upon the Third Adjustment Date and the Holders of Series A Convertible Preferred Shares issued under the financing to acquire WOLO shall, on the Third Adjustment Date, receive the above referenced equity stake in WOLO.


More Definitions of Third Adjustment Date

Third Adjustment Date means the date for performanceadjustment based on the audited financial statements of Xin Wing for the Third Financial Year. The audited financial statements ofXin Wing for the Third Financial Year shall be received by XiYuan and Cathay Fund no later than 30 April 2017, and theresulting adjustment shall takeeffect within 30 calendar days of the relevant audited financialstatements of Xin Wing beingreceived by Xi Yuan and Cathay Fund 12 months ended 31 December2017 (“Fourth Financial Year”)RMB280 million (the “Gross Fourth PerformanceBenchmark”) divided by thetotal number of the shares of Xin Wing outstanding on afully-diluted and as convertedbasis immediately following the Completion Date (the “Fourth Performance Benchmark”)the consolidated net profit of Xin Wing for the 12 months ended 31 December 2017 on a fully-diluted and as-converted per share basisimmediately prior to the relevant Adjustment Date
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Third Adjustment Date means the one (1) year anniversary of the Closing Date; and (z) “Third Adjustment Price” means eighty five percent (85%) of the eight (8) lowest Weighted Average Prices of the Common Stock during the twenty (20) Trading Days immediately following the fifth (5th) Trading Day after the one (1) year anniversary of the Closing Date (as adjusted for stock splits, stock dividends, recapitalizations, reorganizations, reclassification, combinations, reverse stock splits or other similar events during such period).
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Related to Third Adjustment Date

  • Initial Adjustment Date As to any Adjustable Rate Mortgage Loan, the first Adjustment Date following the origination of such Mortgage Loan.

  • SOFR Adjustment Date means the second U.S. Government Securities Business Day before the first day of such Interest Period.

  • Payment Adjustment Date With respect to each ARM Loan, the date on which the Borrower's Monthly Payment changes in accordance with the terms of the related Mortgage Note.

  • Interest Adjustment Date With respect to a Mortgage Loan, the date, if any, specified in the related Mortgage Note on which the Mortgage Interest Rate is subject to adjustment.

  • LIBOR Adjustment Date With respect to any Payment Date, the second business day before the related Accrual Period begins. For this purpose, a “business day” is a day on which banks are open for dealing in foreign currency and exchange in London, New York City and Washington, D.

  • Estimated Adjustment Amount has the meaning set forth in Section 2.5(a).

  • Final Adjustment Amount has the meaning set forth in Section 2.4(c).

  • Spread Adjustment means 100 basis points.

  • SNB Adjustment Spread means, with respect to the SNB Policy Rate, the spread to be applied to the SNB Policy Rate in order to reduce or eliminate, to the extent reasonably practicable under the circumstances, any economic prejudice or benefit (as applicable) to Noteholders as a result of the replacement of the Swiss Average Rate Overnight with the SNB Policy Rate for purposes of determining SARON, which spread will be determined by the Calculation Agent, acting in good faith and a commercially reasonable manner, taking into account the historical median between the Swiss Average Rate Overnight and the SNB Policy Rate during the two year period ending on the date on which the SARON Index Cessation Event occurred (or, if more than one SARON Index Cessation Event has occurred, the date on which the first of such events occurred).

  • True-Up Adjustment means any Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.

  • Adjustment Date As to each Adjustable Rate Mortgage Loan, each date on which the related Mortgage Rate is subject to adjustment, as provided in the related Mortgage Note.

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;

  • XXXXX Adjustment means, with respect to XXXXX, 0.0326% per annum.

  • LIBOR Rate Adjustment Date With respect to each Distribution Date, the second LIBOR Business Day immediately preceding the commencement of the related Interest Accrual Period.

  • Closing Adjustment Amount shall have the meaning set forth in Section 3.2(c).

  • Open Market Adjustment Amount shall have the meaning specified in Section 2(I).

  • The calculation date means the first date on which the purchasers of ordinary shares of the Company shall not be granted the rights to receive the dividend payment (the first date that the SET posts XD sign).

  • Post-Closing Adjustment Amount has the meaning set forth in Section 1.9.3.

  • Interest Rate Adjustment Date With respect to each Adjustable Rate Mortgage Loan, the date, specified in the related Mortgage Note and the related Mortgage Loan Schedule, on which the Mortgage Interest Rate is adjusted.

  • Recalculation Date means the Valuation Date that gives rise to the dispute under Paragraph 5; provided, however, that if a subsequent Valuation Date occurs under Paragraph 3 prior to the resolution of the dispute, then the “Recalculation Date” means the most recent Valuation Date under Paragraph 3.

  • Price Adjustment means any and all price reductions, offsets, discounts, rebates, adjustments, and or refunds which accrue to or are factored into the final net cost to the hospital outpatient department or ambulatory surgical center.

  • Rate Adjustment Date With respect to each ARM Loan, the date on which the Note Rate adjusts.

  • RMB Rate Calculation Date means the day which is two RMB Rate Calculation Business Days before the due date for payment of the relevant Renminbi amount under the Conditions.

  • Purchase Price Adjustment has the meaning set forth in Section 2.6.

  • Index Adjustment Event means, in respect of the Index, an Administrator/Benchmark Event, an Index Cancellation, an Index Disruption or an Index Modification.

  • CPI Adjustment means the quotient of (i) the CPI for the month of January in the calendar year for which the CPI Adjustment is being determined, divided by (ii) the CPI for January of 2007.