Examples of VWAP in a sentence
For further clarification, the economic difference shall be equal to (A) the number of Conversion Shares that would have been delivered for a Monthly Payment using the Monthly Conversion Price (without regard to the Floor Price) , minus (B) the number of Conversion Shares for a Monthly Payment delivered using the Floor Price, multiplied by (C) the daily VWAP of the Common Stock on the applicable Payment Date ((A-B)*C).
If, on a Variable Conversion Price Measurement Date, the Common Stock has closed below $10.00, then the Fixed Conversion Price shall be equal to the greater of (x) 95% of the average lowest VWAP in the ten (10) Trading Days immediately prior to each Variable Conversion Price Measurement Date and (y) the Floor Price.
In addition, the Company has agreed to issue an additional $100,000 of shares of Common Stock to the Purchaser on the 90th calendar day following the Commencement Date, with the number of such shares determined based upon the VWAP Purchase Price as of such date (the “Back End Commitment Shares”).
For further clarification, the economic difference shall be equal to (A) the number of shares that would have been delivered using the Succeeding Market Price, minus (B) the number of shares delivered using the Floor Price, multiplied by (C) the daily VWAP of the Common Stock on the applicable Payment Date ((A-B)*C).
Notwithstanding anything to the contrary herein, in no event shall the Company be required to effectuate a Registration unless the dollar amount of the Registrable Securities of the Demanding Holder(s) and their respective Affiliates to be included therein is reasonably likely to result in gross sale proceeds of at least $100 million based on the five (5)-day VWAP as of the date of the Demand Registration (the “Minimum Amount”).