Pricing Condition definition

Pricing Condition means, with respect to the applicable Preemptive Right Offering, that the price per share of Common Stock (or, in the case of a Common Stock Equivalent, the applicable conversion price, exercise price or exchange price for or into Common Stock) to be paid by the purchaser(s) in such Preemptive Right Offering (measured as of the time that the Purchaser receives the Preemptive Right Notice with respect to such Preemptive Right Offering) is equal to or greater than 110% of the weighted-average price per share of Common Stock paid by the Purchaser for the shares of the Company’s Common Stock purchased pursuant to the Common Stock Purchase Agreement at the Closings (as defined in the Common Stock Purchase Agreement).
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Pricing Condition means, with respect to a Buyer with respect to a Closing Date (other than the Initial Closing Date), that the Market Price with respect to such Closing Date is greater than or equal to the Pricing Condition Floor with respect to such Buyer with respect to such Closing Date.
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Examples of Pricing Condition in a sentence

  • Once the Pricing Condition is met, the Company will within two (2) business days issue a press release or file a Current Report on Form 8-K announcing the date for the termination of the Exercise Period for the Warrants.

  • If the Pricing Condition is not satisfied as of the consummation of a Change in Control, the Upfront Performance RSUs shall be forfeited and cancelled for no consideration.

  • A Generating Facility that uses a non-solar, non-baseload fuel source otherwise meeting the eligibility criteria expressed in the CEC’s most current edition of the RPS Eligibility guidebook to generate electricity, is eligible for a $7.00/MWh price bonus in addition to the then applicable Pricing Condition (the “Technology Bonus”).

  • Following an IPO, the Restricted Stock Units will vest if the Pricing Condition is satisfied as of the close of trading on the principal exchange on which the Shares are then traded for 30 consecutive trading days, effective as of such 30th trading day.

  • The Monthly Non-Variable Price shall be calculated in accordance with Pricing Condition 17.2.2 of Schedule 3 by multiplying the Aircraft Task Line price in the table at Annex 14 to Schedule 2 by the total actual Aircraft Task Lines required to be Available in the month.

  • Accordingly, upon the Effective Date, Jingxin will deposit the Investment Amount in an escrow account, details of which are included in the Escrow Agreement in the form attached hereto as Exhibit A (the “Escrow Agreement”), which will be released to Mapi upon or immediately prior to the consummation of the Offering meeting the Pricing Condition and otherwise managed in accordance with the terms and conditions set forth in the Escrow Agreement.

  • If the Transaction Conditions are not satisfied, or if the Company, at its sole option, chooses to invoke the Pricing Condition and to cancel the Rights Offering, the Company will so notify the Subscription Agent, and the Subscription Agent will send to each of the respective exercising Rightholders at the address referred to in Section 8 (a), the aggregate Subscription Price delivered by each of them for the exercise of Rights, without interest or deduction, as soon as practicable thereafter.

  • If the Pricing Condition is not satisfied as of the consummation of a Change in Control, the Restricted Stock Units shall be forfeited and cancelled for no consideration.

  • If the price per Share received by the Company’s shareholders in a transaction constituting a Change in Control satisfies the Pricing Condition (as determined in good faith by the Board), one hundred percent (100%) of the outstanding Restricted Stock Units shall accelerate and fully vest immediately prior to and contingent upon the Change in Control, and subject to the Participant’s continued Service through the date of the Change in Control.

  • The closing of the Share Exchange shall take place remotely, and, subject to and conditioned on the fulfillment of the Pricing Condition, shall occur automatically immediately upon the effectiveness of the Conversion and the filing of the initial certificate of incorporation of the Successor with the Secretary of State of the State of Delaware (the “Closing”).

Related to Pricing Condition

  • Financing Conditions means the conditions precedent to the Debt Financing explicitly set forth in the Debt Commitment Letter as in effect on the date hereof or as amended in accordance with the terms hereof.

  • Rating Condition has the meaning specified in Section 2.06(c)(ii).

  • Refinancing Conditions the following conditions for Refinancing Debt: (a) it is in an aggregate principal amount that does not exceed the principal amount of the Debt being extended, renewed or refinanced; (b) it has a final maturity no sooner than, a weighted average life no less than, and an interest rate no greater than, the Debt being extended, renewed or refinanced; (c) it is subordinated to the Obligations at least to the same extent as the Debt being extended, renewed or refinanced; (d) the representations, covenants and defaults applicable to it are no less favorable to Borrowers than those applicable to the Debt being extended, renewed or refinanced; (e) no additional Lien is granted to secure it; (f) no additional Person is obligated on such Debt; and (g) upon giving effect to it, no Default or Event of Default exists.

  • Funding Conditions With respect to any proposed Funding Date, the following conditions:

  • Closing Conditions shall include, but are not limited to, SI Securities determining in its sole discretion that at the time of a closing, the Minimum Offering has been met, the investment remains suitable for investors, investors have successfully passed ID, KYC, AML, OFAC, and suitability screening, and that Issuer has completed all actions required by it as communicated by SI Securities at the time of a closing.