Examples of Liquidated Damages Multiplier in a sentence
In no event will the aggregate Liquidated Damages payable to a Holder pursuant to this Agreement exceed (i) if the Company has not breached Section 2.08, 5% and (ii) if otherwise, 10%, in each case, of the Liquidated Damages Multiplier of such Holder.
The Liquidated Damages Multiplier shall be determined as of the first day of each such 30-day period.
If the Registration Statement required by this Section 2.01 is not effective by the Target Effective Date, then each Purchaser shall be entitled to a payment with respect to such Purchaser’s Registrable Securities, as liquidated damages and not as a penalty, of 1% of the Liquidated Damages Multiplier and an additional 1% of the Liquidated Damages Multiplier per 30-day period for each subsequent 30 days (the “Liquidated Damages”).