VWAP Purchase Exercise Date definition
VWAP Purchase Exercise Date means, with respect to a VWAP Purchase made pursuant to Section 3.1, the Trading Day on which the Investor timely receives, after 4:00 p.m., New York City time, but prior to 6:30 p.m., New York City time, on such Trading Day, a valid VWAP Purchase Notice for such VWAP Purchase in accordance with this Agreement.
VWAP Purchase Exercise Date means, with respect to any VWAP Purchase, the Trading Day on which the Investor receives a valid VWAP Purchase Notice for such VWAP Purchase in accordance with this Agreement; provided, that, if such VWAP Purchase Notice is received after 8:00 a.m., New York City time, on any day, it shall be deemed to have been received at 8:00 a.m., New York City time, on the immediately following Trading Day.
VWAP Purchase Exercise Date means, with respect to any VWAP Purchase, the Trading Day on which the Investor receives, prior to 5:00 p.m., New York City time, on such Trading Day, a valid VWAP Purchase Notice for such VWAP Purchase in accordance with this Agreement.
Examples of VWAP Purchase Exercise Date in a sentence
If the Company elects to use a Three-Day Forward Valuation Period to determine the VWAP Purchase Price in the VWAP Purchase Notice, the VWAP Purchase Share Amount may not exceed the lesser of (A) 20% of the daily trading volume of the Ordinary Shares on the VWAP Purchase Exercise Date, or (B) the quotient obtained by dividing (x) $2,000,000, and (y) the VWAP on the VWAP Purchase Exercise Date (the “Three-Day Maximum Amount”).
More Definitions of VWAP Purchase Exercise Date
VWAP Purchase Exercise Date means, with respect to a VWAP Purchase made pursuant to Section 2.2, the Trading Day on which the Investor receives, after 4:00 p.m., New York City time, but prior to 5:30 p.m., New York City time, on such Trading Day, a valid VWAP Purchase Notice for such VWAP Purchase, simultaneously with the delivery to the Investor of a valid Fixed Purchase Notice for a Fixed Purchase directing the Investor to purchase a specified Fixed Purchase Share Amount equal to the Fixed Purchase Maximum Amount, in accordance with this Agreement.
VWAP Purchase Exercise Date shall have the meaning assigned to such term in Section 3.1 (b).
VWAP Purchase Exercise Date provided that: (i) the Company may not deliver more than one (1) VWAP Purchase Notice to the Investor on any single Trading Day, and (ii) the VWAP Purchase Conditions have been satisfied or, to the extent permitted by applicable law, waived in writing by the Investor.
VWAP Purchase Exercise Date means, with respect to any VWAP Purchase, the Trading Day on which the Investor receives a valid VWAP Purchase Notice for such VWAP Purchase in accordance with this Agreement; provided, that, if such VWAP Purchase Notice is received after 7:30 a.m., New York City time, on any Trading Day, it shall be deemed to have been received at 7:30 a.m., New York City time, on the immediately following Trading Day; provided, further, that the Company shall not deliver, or cause Investor to receive, a VWAP Purchase Notice to the Investor on an Exempt Day or during the three Trading Days immediately prior to an Exempt Day.