Maximum Eligibility Number definition
Maximum Eligibility Number means initially zero and shall be increased upon each exercise of the Series C Warrant held by the Holder by such aggregate number of shares of Common Stock equal to 100% of the number of shares of Common Stock issued upon any such exercise of such Series C Warrant (as adjusted for stock splits, stock distributions, recapitalizations and similar events).
Maximum Eligibility Number means initially zero (0) and such number shall be increased (but not decreased) on the Reset Date in accordance with Section 2(a), subject to any exercise pursuant to Section 2(c).
Maximum Eligibility Number shall have the meaning set forth in the Series B Warrants.
Examples of Maximum Eligibility Number in a sentence
During the Adjustment Period, the Maximum Eligibility Number shall be increased (but not decreased) to equal the Adjustment Share Amount Any exercise of this Warrant during the Adjustment Period will reduce the remaining Adjustment Share Amount, and a Holder will not receive further adjustments under Section 3.2 for any previously exercised portion of this Warrant.
More Definitions of Maximum Eligibility Number
Maximum Eligibility Number means initially zero (0) and such number shall be increased (but not decreased) on the Reset Date in accordance with Section 3.2, subject to any exercise pursuant to Section 3.2.2.
Maximum Eligibility Number means, initially, the Initial Maximum Eligibility Number, and such number shall be increased (but not decreased) on each Reset Date by the applicable Reset Share Amount.
Maximum Eligibility Number means, as of any time of determination, the Warrant Number then in effect (subject to adjustment in accordance with Section 2 above and pursuant to this definition), but shall automatically increase on each Adjustment Date by such aggregate number of shares of Common Stock equal to the Additional Share Amount.
Maximum Eligibility Number means, as of any time of determination, the Warrant Number then in effect (subject to adjustment in accordance with Section 2 above and pursuant to this definition).
Maximum Eligibility Number means initially zero (0) and such number shall be increased (but not decreased) in accordance with Section 2(a).
Maximum Eligibility Number means initially zero and shall be increased (such increase, an “Adjustment”) upon each Adjustment Time to such number of shares of Common Stock equal to the Adjustment Share Amount.
Maximum Eligibility Number means initially the Base Maximum Eligibility Number and shall be increased (x) at each Investor Prepayment Time by an amount equal to the applicable Adjusted Share Amount and (y) on the Adjustment Date by an amount (if any) equal to the Additional Adjustment Amount.