Examples of First Determination Date in a sentence
Accordingly, the information set out, in particular, in "DESCRIPTION OF THE PORTFOLIO", "INFORMATION TABLES REGARDING THE PORTFOLIO" and "HISTORICALDATA" does not summarise the status of the Portfolio at the time of sale and does not reflect the developments and changes in the Portfolio between the First Determination Date and the Closing Date or, as the case may be, the Subsequent Purchase Date.
Within fifteen (15) days following the First Determination Date, the Company shall issue to the undersigned shares of Common Stock equal to 2% of the Subject Shares (the "Penalty Shares").
Penalty Shares shall also be issuable upon the expiration of each 30-day period following the First Determination Date during which the Company has continued to fail to file or respond to SEC comments concerning the Registration Statement, as the case may be (the expiration date of each such 30-day period being a "Subsequent Determination Date").
The amount of shares of Warrant Stock exercisable at $.001 per share shall be equal to the positive difference, if any, between (i) $3,010,000 divided by the VWAP of the Issuer's Common Stock for the sixty (60) Trading Days preceding the First Determination Date and (ii) 21,500,000.
The number of Penalty Shares issuable following each Subsequent Determination Date shall be determined and issued in accordance with this section on the same basis applicable to the First Determination Date; provided, however, that Penalty Shares previously issued to the undersigned shall be excluded from the calculation of Subject Securities.