Leak Out Period definition

Leak Out Period means the period beginning on the date of the consummation of the Uplist Offering and continuing through the date that is three (3) calendar months after the date of the consummation of the Uplist Offering. “Daily Dollar Volume” shall mean, with respect to each Trading Day, the total volume of shares of the Common Stock traded on the respective Trading Day (as reported by Quotestream or other similar quotation service provider designated by the Buyer) multiplied by the highest traded price of the Common Stock on the respective Trading Day (as reported by Quotestream or other similar quotation service provider designated by the Buyer).
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Leak Out Period means the period beginning on the date of this Agreement and ending on the earlier of (i) the Maturity Date (as defined in the Note) or (ii) the date that the Company consummates an Uplist Offering (as defined in this Agreement). “Daily Dollar Volume” shall mean, with respect to each Trading Day, the total volume of shares of the Common Stock traded on the respective Trading Day (as reported by Quotestream or other similar quotation service provider designated by the Buyer) multiplied by the highest traded price of the Common Stock on the respective Trading Day (as reported by Quotestream or other similar quotation service provider designated by the Buyer). “Uplist Offering” shall mean an offering of Common Stock (or units consisting of Common Stock and warrants to purchase Common Stock) that will result in the immediate listing for trading of the Common Stock on the NYSE American, the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq Global Select Market, the New York Stock Exchange, or any other national securities exchange (or any successors to any of the foregoing). Notwithstanding anything to the contrary contained herein, this Section 8(q) shall not apply to the Buyer’s sale of the Common Stock issued upon conversion of the Note and exercise of the Warrants if such sale is at a price per share equal to or greater than $0.02 (subject to adjustments for any stock dividend, stock split, stock combination, rights offerings, reclassification or similar transaction that proportionately decreases or increases the Common Stock).
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Leak Out Period means the period beginning on the Effective Date and ending on the earlier of (i) the Maturity Date or (ii) the date that the Company consummates an Uplist Offering.
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Examples of Leak Out Period in a sentence

  • The Buyer’s sale of the Common Stock issued upon exercise of the Warrant, on each respective Trading Day (as defined in the Note) (each a “Trading Day”) during the Leak Out Period (as defined in this Agreement), shall be limited to the greater of (i) a gross dollar amount of $15,000.00 or (ii) 20% of the Daily Dollar Volume (as defined in this Agreement) on the respective Trading Day.

  • During the Leak Out Period, the Company will not be permitted to reverse split its common shares and the Company will have the first right of refusal to purchase the Pleasant Kids Parties Leak Out Percentage for a 20 percent discount to market based on the highest trading price of the Common stock over the 10 trading days prior to the Rights Notice, during the first 10 days of every month prior to selling to the market.

  • The Buyer’s sale of the Common Stock issued upon conversion of the Note and exercise of the Warrants, on each respective Trading Day (as defined in the Note) (each a “Trading Day”) during the Leak Out Period (as defined in this Agreement), shall be limited to the greater of (i) a gross dollar amount of $5,000.00 or (ii) 15% of the Daily Dollar Volume (as defined in this Agreement) on the respective Trading Day.

  • The Buyer’s sale of the Common Stock issued upon conversion of the Note and exercise of the Warrant, on each respective Trading Day (as defined in the Note) (each a “Trading Day”) during the Leak Out Period (as defined in this Agreement), shall be limited to the greater of (i) a gross dollar amount of $3,500.00 or (ii) 20% of the Daily Dollar Volume (as defined in this Agreement) on the respective Trading Day.

  • The Holder’s sale of the Common Stock issued upon conversion of this Note, on each respective Trading Day during the Leak Out Period (as defined in this Note), shall be limited to the greater of (i) a gross dollar amount of $5,000.00 or (ii) 15% of the Daily Dollar Volume (as defined in this Note) on the respective Trading Day.

  • The Buyer's sale of the Commitment Shares, Exercise Shares, and Conversion Shares collectively in the aggregate, on each respective Trading Day during the Leak Out Period (as defined in this Agreement), shall be limited to the greater of (i) a gross dollar amount of $3,000.00 or (ii) 15% of the Daily Dollar Volume (as defined in this Agreement) on the respective Trading Day.

  • For a period commencing on the next day after the end of the Lock Up Period and continuing for next twelve consecutive months (each a “Leak Out Period” and collectively, the “Leak Out Periods”), Buyer shall not without written consent of NuGene following authorization by the board of directors of NuGene, which in its sole discretion may be withheld for any reason sell any shares of the NuGene Shares, except in an amount not to exceed 8.33% of NuGene Shares per Leak Out Period.

  • With respect to his shares of LIBE common stock, PRINCIPAL LIBE SHAREHOLDER agrees that, for a two-year period beginning on the Closing Date (the "Leak Out Period"), he may not trade more than 10% of the day's total trading volume.

  • The Buyer’s sale of the Commitment Shares and Conversion Shares, on each respective Trading Day during the Leak Out Period (as defined in this Agreement), shall be limited to the greater of (i) a gross dollar amount of $2,500.00 or (ii) 15% of the Daily Dollar Volume (as defined in this Agreement) on the respective Trading Day.

  • PRINCIPAL LIBE SHAREHOLDER will not engage in any short selling of LIBE common stock during the Leak Out Period.


More Definitions of Leak Out Period

Leak Out Period means the period beginning on the date of this Agreement and ending on the earlier of (i) the date that is twelve (12) months after the date of this Agreement, (ii) the date that an Event of Default (as defined in the Note) occurs under the Note, or (iii) the date that the Company consummates an Uplist Offering (as defined in this Agreement). "Daily Dollar Volume" shall mean, with respect to each Trading Day, the total volume of shares of the Common Stock traded on the respective Trading Day (as reported by Quotestream or other similar quotation service provider designated by the Holder) multiplied by the highest traded price of the Common Stock on the respective Trading Day (as reported by Quotestream or other similar quotation service provider designated by the Holder). "Uplist Offering" shall mean an offering of Common Stock (or units consisting of Common Stock and warrants to purchase Common Stock) that will result in the immediate listing for trading of the Common Stock on the NYSE American, the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq Global Select Market, the New York Stock Exchange, or any other national securities exchange (or any successors to any of the foregoing).
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Leak Out Period means the period beginning on the date of this Agreement and continuing through the date that is six (6) calendar months after the date of this Agreement. “Trading Day” means any day that shares of Company’s common stock are listed for trading or quotation on the principal securities exchange or trading market where such common stock is listed or traded, including but not limited to any tier of the OTC Markets, any tier of the NASDAQ Stock Market (including NASDAQ Capital Market), or the NYSE American, or any successor to such markets. “Daily Volume” shall mean, with respect to each Trading Day, the total number of shares of the Company’s common stock traded on the respective Trading Day (as reported by Quotestream or other similar quotation service provider reasonably designated by the Holders).
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Leak Out Period means the three (3) consecutive months immediately following the Buyer Share Issuance Date.
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Leak Out Period means the period commencing on the Lock-up Period End Date and ending twelve (12) months after the Lock-up Period End Date.
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Leak Out Period shall begin on June 1, 2006 and shall extend for twenty-four (24) additional months thereafter. During the Leak-Out Period, the Stockholders shall be limited to sale or disposition of an aggregate total of 50,000 shares of HOTJ Common Stock in any consecutive three month period. Upon expiration of the Leak-Out Period the restrictions set forth in this Agreement shall terminate.
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Leak Out Period means the period beginning on the date of this Agreement and ending on the date that an Event of Default (as defined in the Note) occurs under the Note. “Daily Dollar Volume” shall mean, with respect to each Trading Day, the total volume of shares of the Common Stock traded on the respective Trading Day (including pre-market and after-market trades) as reported by Nasdaq or other quotation service provider designated by the Buyer multiplied by the VWAP (as defined in the Note) of the Common Stock on the respective Trading Day as reported by Nasdaq or other quotation service provider designated by the Buyer.
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Related to Leak Out Period

  • Black-Out Period means any “black-out” or similar period under the Corporation’s policies covering trading in the Corporation’s securities to which the applicable Redeeming Member is subject (or will be subject at such time as it owns Class A Common Stock), which period restricts the ability of such Redeeming Member to immediately resell shares of Class A Common Stock to be delivered to such Redeeming Member in connection with a Share Settlement.

  • Lock-out Period means the period from, and including, the day following the Interest Determination Date to, but excluding, the corresponding Interest Payment Date;

  • Scheduled Black-Out Period means the period from and including the last day of a fiscal quarter of the Company to and including the business day after the day on which the Company publicly releases its earnings for such fiscal quarter.

  • Run-out Period means a period after the close of a Plan Year or other period during which Participants in a flexible spending arrangement (FSA) may request reimbursement for expenses incurred during the Period of Coverage.

  • Opt-Out Period means the period that begins the day after the earliest date on which the Notice is first mailed, and that ends no later than 30 days before the Final Approval Hearing. The deadline for the Opt-Out Period will be specified in the Notice.

  • Peak Period means the time between 6 a.m. and 10 p.m. (April through September) or between 7 a.m. and 11 p.m. (October through March) on all days except Saturdays and Sundays, which daily time period will be subject to change from time to time at the Company's option. This change would occur after no less than ten (10) days notice has been given to all Customers who would be affected, and to the Commission.

  • Off-Peak Period means the period during which the demand on an electric utility system is not at or near its maximum. For the purpose of this section, the off-peak period includes all hours that are not in the peak period.

  • Lockout Period if applicable, is defined in the Note.

  • Earn-Out Period has the meaning set forth in Section 2.5(a).

  • Event Period shall have the meaning assigned to such term in Section 7.2 hereof.

  • Applicable Measurement Period means the most recently completed four consecutive fiscal quarters of the Issuer immediately preceding the Applicable Calculation Date for which internal financial statements are available.

  • Excess Cash Flow Period means each fiscal year of the Borrower, commencing with the fiscal year of the Borrower ending on December 31, 2016.

  • Earnout Period has the meaning set forth in Section 2.5(a)(iii).

  • Elimination Period means the period of 6 months beginning on the date You become Disabled.

  • Forecast Period means the period of three calendar months for which a Forecast is provided;

  • Production Period is the period that for winter cereal advances commences October 1, 2021 and terminates September 30, 2023; for advances on all other field crops, honey, hogs, goats, sheep and lambs commences April 1, 2022 and terminates September 30, 2023; and for advances on cattle, continuous flow cattle, and bison commences on April 1, 2022 and terminates on March 31, 2024.

  • Application Period means the months beginning with the month in which the application is considered to be filed, through and including the month in which an eligibility determination is made.

  • Mid-Month Receipt Period With respect to each Distribution Date, the one month period beginning on the Determination Date (or, in the case of the first Distribution Date, from and including the Cut-Off-Date) occurring in the calendar month preceding the month in which such Distribution Date occurs and ending on the day preceding the Determination Date immediately preceding such Distribution Date.

  • Prior Month Receipt Period With respect to each Distribution Date, the calendar month preceding the month in which such Distribution Date occurs.

  • Ramp Period The Ramp Period shall begin on the Effective Date and continue for a period of 3 months following the Effective Date. Commencing with the Effective Date and at all times during the Ramp Period thereafter, Customer will receive the rates, discounts, charges and credits set forth herein and will not be subject to the AVC. Annual Volume Commitment (“AVC”): $360,000 in Total Service Charges (“AVC”) during each contract year of the Term (following the expiration of the Ramp Period).

  • Ramp-Up Period means the period from and including the Effective Date to, but excluding, September 23, 2016.

  • Subsequent Reset Period means the period from (and including) the Second Reset Date to (but excluding) the next Subsequent Reset Date, and each successive period from (and including) a Subsequent Reset Date to (but excluding) the next succeeding Subsequent Reset Date; and

  • extended reduction period means the period for which a person is in receipt of an extended reduction in accordance with paragraph 89, 96 or 101;

  • Curtailment Period means the period of time during which Seller reduces generation from the Project, pursuant to a Curtailment Order. The Curtailment Period shall be inclusive of the time required for the Project to ramp down and ramp up; provided that such time periods to ramp down and ramp up shall be consistent with the Ramp Rate designated in the Cover Sheet.

  • Accumulation Period Amount means $41,666,666.67; provided, however, if the Accumulation Period Length is determined to be less than twelve (12) months pursuant to Section 3.10(b)(ii) of the Indenture Supplement, the Accumulation Period Amount shall be the amount specified in the definition of “Accumulation Period Amount” in the Indenture Supplement.

  • Excess Cash Flow Payment Period means, with respect to any Excess Cash Flow Payment Date, the immediately preceding fiscal year of the Borrower.