Current Snapshot Date definition
Current Snapshot Date means the Snapshot Date for which “X” is being calculated. Notwithstanding the above, if the average closing bid price of the Company’s common stock for the five (5) trading days immediately preceding a given Snapshot Date (the “5 Day Average Price”) is greater than or equal to $1.00 (subject to appropriate adjustments for stock splits), then no Snapshot Warrants shall be issued with respect to that Snapshot Date, provided that if the 5 Day Average Price for one or more subsequent Snapshot Dates is less than $1.00 (subject to with appropriate adjustments for stock splits), then Snapshot Warrants shall be issued with respect to such subsequent Snapshot Dates as set forth in this Agreement.