Share Calculation. With respect to each Trade Date on which the 5-Day VWAP equals or exceeds the Floor Price, the number of Shares to be issued by the Company to the Investor pursuant to a Fixed Request shall equal the quotient of the total Fixed Amount Requested divided by the Discount Price determined in accordance with Section 2.2 (rounded to the nearest whole Share).
Appears in 1 contract
Sources: Common Stock Purchase Agreement (Hermitage Offshore Services Ltd.)
Share Calculation. With respect to each Trade Date on which the 530-Day VWAP equals or exceeds the Floor Price, the number of Shares to be issued by the Company to the Investor Investors pursuant to a Fixed Request shall equal the quotient of the total Fixed Amount Requested divided by the Discount Price determined in accordance with Section 2.2 (rounded to the nearest whole Share).
Appears in 1 contract
Sources: Common Stock Purchase Agreement (Nordic American Offshore Ltd.)