Daily Purchase Amount. As used herein the term "Original Daily Purchase Amount" shall mean Ten Thousand Dollars ($10,000) per Trading Day. As used herein, the term "Daily Purchase Amount" shall mean initially Ten Thousand Dollars ($10,000) per Trading Day, which amount may be increased or decreased from time to time pursuant to this Section 1(c).
Daily Purchase Amount means initially Twelve Thousand Five Hundred Dollars ($12,500) per Trading Day, which amount may be increased or decreased from time to time pursuant to this Section 1(c).
Daily Purchase Amount means initially Twenty Five Thousand Dollars ($25,000) per Trading Day, which amount may be increased or decreased from time to time pursuant to this Section 1(c).
Examples of Daily Purchase Amount in a sentence
A Daily Purchase Amount Increase Notice shall be effective five (5) Trading Days after receipt by the Buyer.
Thereafter, the Company shall again have the right to increase the amount of the Daily Purchase Amount as set forth herein by delivery of a new Daily Purchase Amount Increase Notice only if the Sale Price of the Common Stock is above the applicable Threshold Price on each of five (5) consecutive Trading Days immediately prior to such new Daily Purchase Amount Increase Notice.
The Company shall always have the right at any time to increase the amount of the Daily Purchase Amount up to the Original Daily Purchase Amount.
Any purchases by the Buyer which have a Purchase Date on or prior to the first (1st) Trading Day after receipt by the Buyer of a Daily Purchase Amount Decrease Notice must be honored by the Company as otherwise provided herein.
Any increase in the amount of the Daily Purchase Amount shall continue in effect until the delivery to the Buyer of a Daily Purchase Amount Decrease Notice.
More Definitions of Daily Purchase Amount
Daily Purchase Amount means initially Ten Thousand Dollars ($10,000) per Trading Day, which amount may be increased or decreased from time to time pursuant to this Section 1(c).
Daily Purchase Amount means an aggregate value of Stock, excluding commission, selected at Broker’s discretion from a range between [ *** ]. On each Trading Day during the effective period of this Purchase Agreement, with the exception of the final Trading Day during the effective period of this Purchase Agreement, Broker shall effect Purchases of Stock (inclusive of non-block and block Purchases), in accordance with the following: Broker shall purchase the lower of (1) the Rule 10b-18 safe harbor limit of 25% of the average daily trading volume for the Stock, as calculated during the four full calendar weeks preceding the week of any such Purchase, and (2) the Daily Purchase Amount, excluding commission. On the final Trading Day during the effective period of this Purchase Agreement, Broker shall effect Purchases of Stock (inclusive of non-block and block Purchases), in accordance with the following: Broker shall purchase the lower of (1) the Rule 10b-18 safe harbor limit of 25% of the average daily trading volume for the Stock, as calculated during the four full calendar weeks preceding the week of any such Purchase, and (2) the Authorized Purchase Amount minus the sum of aggregate value of Stock purchased on all Trading Days to-date under this Purchase Agreement.
Daily Purchase Amount means initially Thirty Thousand Dollars ($30,000) per Trading Day, which amount may be increased or decreased from time to time pursuant to this Section 1(c).
Daily Purchase Amount shall have the meaning specified in Section 2(c).
Daily Purchase Amount means, with respect to each Trading Day during the relevant Pricing Period, the number of Shares which is calculated by multiplying the applicable Draw Down Amount by one-fifteenth (1/15), provided that the Daily Purchase Amount shall be equal to zero (0) for any Knockout Day;
Daily Purchase Amount for any Purchase Day shall be the maximum number of shares allowed under Rule 10b-18(b)(4) (using 25% of average daily trading volume reported for the Stock during the four calendar weeks preceding the week in which the purchase is to be effected); provided, however, that (i) the total dollar amount of all aggregate purchases under the Purchase Plan during the calendar month commencing November 1, 2023 and through and including November 30, 2023 shall not exceed $8,000,000, including any commissions or fees; (ii) the total dollar amount of all aggregate purchases under the Purchase Plan during any calendar month commencing December 1, 2023 and through and including June 30, 2024 shall not exceed $6,000,000, including any commissions or fees.
Daily Purchase Amount for any Purchase Day shall be the lesser of (1) $1,000,0000 (not including any commissions or fees), or (2) the maximum number of shares allowed under Rule 10b-18(b)(4) (using 25% of average daily trading volume reported for the Stock during the four calendar weeks preceding the week in which the purchase is to be effected); provided, however, that the total dollar amount of all aggregate purchases under this Purchase Plan during any calendar month shall not exceed $10,000,000, not including any commissions or fees.