Lock-Up Amount definition
Lock-Up Amount has the meaning set out in Section 2.02.
Lock-Up Amount means the amount, which when added to all other Conversion Shares sold by the Buyer during the three months immediately preceding the date of sale, does not exceed the greater of (x) one percent (1%) of the outstanding shares of Common Stock of the Company as of the date of such sale (and for such purposes the outstanding shares shall be deemed to be the higher of the number of shares stated as being outstanding in the most recent SEC filing made by the Company and available on EDGAR or the number of shares outs▇▇▇▇▇ng identified to the Buyer or its representatives, advisors or counsel by an executive officer of the Company, counsel to the Company or the Company's transfer agent) or (ii) the Average Weekly Volume (as that term is defined below). The term "Average Weekly Volume" means, (i) the total reported volume of trading, as reported by the Reporting Service, for the Company's Common Stock on all securities exchanges for the last twenty (20) Trading Days ending on the Friday immediately preceding the date of sale, divided by (ii) four (4).
Lock-Up Amount means, in respect of any two consecutive Lock-Up Calculation Dates, the amount (if any) credited to the Lock-Up Account in respect of the first of those Lock-Up Calculation Dates in accordance with paragraph (a) of Clause 9.6 (Lock- Up) less any amounts subsequently withdrawn pursuant to Clause 9.6 (Lock-Up) (but without double counting).
Examples of Lock-Up Amount in a sentence
During the Unfunded Commitment Lock-Up Period, except with respect to Permitted Transfers or Transfers made with the prior written consent of the Company, each Purchaser Support Party shall be prohibited from Transferring its Unfunded Lock-Up Amount.
If, from time to time, any portion of an Unfunded Investment Amount is funded, then the Unfunded Lock-Up Amount shall be recalculated to include the subsequently funded portion of such Unfunded Investment Amount as an Investment Amount for purposes of this Section 1.13(i).
More Definitions of Lock-Up Amount
Lock-Up Amount means, in respect of a Calculation Period ending on a Calculation Date, the amount (if any) of Excess Cashflow less the amount of any Excess Cashflow which is otherwise required to be applied in mandatory prepayment of the Facilities pursuant to Clause 11.3 (Excess Cashflow) in respect of the Calculation Period ending on such Calculation Date.
Lock-Up Amount is defined in Section 8.2(a)(iv).