First Price definition
Examples of First Price in a sentence
With respect to any First Negative Change, the Company shall either: (1) reimburse the Purchasers for such First Negative Change, or (2) the Purchasers may demand the Company to issue additional Common Shares to the Purchasers at the First Price in the amount of such First Negative Change.
The number of shares of Common Stock comprising the Second Shares shall be the quotient of (1) the Second Purchase Price divided by (2) the lower of (a) the First Price or (b) 75% of the average of the last reported trading price on each of the last five business days immediately preceding the Second Closing Date "Second Price" (or, if no trades of Common Stock were executed on the American Stock Exchange on any of such days, then the average of the "bid" and "ask" price on such day).
The Contract Price following the First Price Adjustment shall apply from the First Price Adjustment Date until the end of that Price Period.
On the First Price Review Date (See Part C.4 of the Product Schedule) and on each anniversary of such First Price Review Date, the Price will be renegotiated in good faith.
The Company’s Peer Group shall mean such group of public companies as is chosen by the Company’s compensation consultant and mutually agreed to by the Executive and the Board of Directors which group of companies generally reflect the stage of development, employee headcount, market value, financial profile and business focus of the Company as of the time of the First Price Increase.
If the First Price Target is met (the “Second Earnout Event”), within five (5) Business Days thereof the Second Earnout Rights shall be automatically converted into, and the Company shall issue or cause to be issued to the holders of the Second Earnout Rights, pro rata based on the percentage of Second Earnout Rights held, (x) 7,500,000 Company Common Shares, minus (y) the number of Company Common Shares, if any, previously issued in connection with the Second EBITDA Earnout Issuance.
Should the Purchasers fail to execute the withholding upon payment of the First Price Balance, they may do it on the payment date of the Final Price Balance, considering that the amounts which the Purchasers could have withheld shall not accrue interests for the time passed between the payment dates of the First Price Balance and the Final Price Balance.
The First Price Adjustment Amount shall mean (a) the sum of $2,400,000, less (b) the sum of (i) the amount of the ▇▇▇▇ Judgment Costs, (ii) the amount contributed to the capital of LLC by Buyer pursuant to Section 1.5 hereof, (iii) the ▇▇▇▇▇ Note Purchase Amount, and (iv) the amount lent to LLC pursuant to Section 2 hereof.
Your First Price Segment will continue for a length of 9 – 36 months, depending on the Price Segment you selected.
On the terms and subject to all of the conditions hereof, and upon the performance by the parties hereto of their respective obligations hereunder, at the First Price Adjustment (as that term is defined in Section 11.1 hereof), Buyer shall pay to Corporation and Shareholder in the aggregate (to be allocated between them as they shall direct) the sum of $100,000 as payment in full of all amounts due under the Non-Compete Agreement.