Examples of Valuation Period in a sentence
In all other cases, a cash amount equal to (x) the Number of Shares as of the Valuation Date less Shortfall Sale Shares, less the number of Unregistered Shares (as defined below), multiplied by the volume weighted daily VWAP Price over the Valuation Period, less (y) the amount of any outstanding Prepayment Shortfall.
If the value of the Put Shares delivered to the Investor causes the Company to exceed the Maximum Commitment Amount, then immediately after the Valuation Period the Investor shall return to the Company the surplus amount of Put Shares associated with such Put and the Purchase Price with respect to such Put shall be reduced by any Clearing Costs related to the return of such Put Shares.
On the Local Business Day following the end of the Valuation Period, (i) if the Final Maturity Shares exceeds the Estimated Maturity Shares, Counterparty shall deliver to Seller an additional number of Maturity Shares equal to such excess, and (ii) if the volume weighted daily VWAP Price over the Valuation Period multiplied by the Estimated Maturity Shares exceeds the Settlement Amount Adjustment, Seller shall deliver to Counterparty a cash amount equal to such excess.
Notwithstanding the foregoing, if the Single Day Trading Value on any Trading Day during a Valuation Period for a Put exceeds 300% of the dollar amount of the respective Put (based upon the Initial Purchase Price) (each an “Acceleration Event”), then the Company may waive the Cooldown Period with respect to such respective Put by giving written notice to the Investor during the respective Valuation Period (the “Cooldown Waiver Notice”).
At the end of the Valuation Period, the Purchase Price for the respective Put Shares shall be established as provided in this Agreement.