Examples of Market Capitalization in a sentence
Notwithstanding the foregoing, (i) the Holder shall have the right to convert up to $350,000 at the Variable Price for two months while this Note is outstanding and (ii) in the event that the Company’s Market Capitalization is below $5,000,000 for ten (10) consecutive days, there shall be no limitations on conversion of this Note at the Variable Price.
The Investor hereby waives Section 15(t)(ii) of each of the Notes, in part, such that on any given date during the period commencing on December 1, 2023 through, and including, August 31, 2024 (the “Waiver Period”), no Event of Default shall be deemed to have occurred or be continuing at any time during the Waiver Period as result of the Company’s failure to be in compliance with the Ratio of Outstanding Value to Market Capitalization Test under each of the Notes.