Purchase Cap definition

Purchase Cap has the meaning set forth in Section 5.2.1.
View Source
Purchase Cap means that number of shares of capital stock of the Company, which, after giving effect to such purchase, would equal [*****] percent ([*****]%) of the Company’s outstanding shares of common stock (“Common Stock”) as of the date of such issuance.
View Source
Purchase Cap means the amount of Manure produced by a population of 6600 milking cows.
View Source

Examples of Purchase Cap in a sentence

  • As used herein, “Contract Month” means each calendar month during the Delivery Period and, where (i) the Commencement Date does not fall on the first day of a calendar month, the remaining portion of such initial Contract Month, or (ii) the first to occur of the Ten Year Anniversary Date or the date on which the SREC Purchase Cap is achieved, does not fall on the last day of a calendar month, the portion of such last Contract Month immediately prior to and including the Ten Year Anniversary Date.

  • The Parties acknowledge and agree that for each Product Group and Produce SKU, as applicable, Supplier shall not be required to supply an amount of Product in any Fiscal Year in excess of the amount set forth under the heading Maximum Allowable Purchase Cap in the Statement of Work.

  • Such Updated Forecast shall be consistent with the Purchase Commitment in Section 2.2(a)(ii) (or Termination Purchase Commitments, as applicable) and Allowable Purchase Cap in the Fiscal Year during which the applicable Major Supply Failure occurred, in each case reduced pro rata to account for the portion of the applicable Fiscal Year (or Termination Year, as applicable) during which Purchase Commitments (or Termination Purchase Commitments, as applicable) were not in effect.

  • As the highest applicable percentage ratios in respect of the Revised Purchase Cap is higher than 0.1% but less than 5%, the Supplemental Master Purchase Agreement and the transactions contemplated thereunder are subject to the reporting, announcement and annual review requirements but are exempt from the circular (including independent financial advice) and independent shareholders’ approval requirements under Chapter 14A of the Listing Rules.

  • Purchaser shall have no obligation to purchase any SRECs produced by Seller’s Project in excess of such SREC Purchase Cap or after the Ten Year Anniversary Date (in 1 For example, a 10 kW Project would have a contract limit of 135 SRECs (i.e., 1350 kWh x 10 kW / 1000 x 10 years).

  • The Allowable Purchase Cap for all subsequent Fiscal Years shall be as set forth in Section 4.6. Also, following such twenty-four (24)-month period covered by an Updated Forecast that modified the Yearly Base Forecast under Section 6.4(d)(iii), the Purchase Commitment for the remainder of the applicable Fiscal Year will be a pro-rated amount of the Purchase Commitment for such Fiscal Year (if no Updated Forecast was in place during such Fiscal Year).

  • The Delivery Period shall terminate at the earlier of (i) 11:59 P.M. of the date that is ten (10) years (i.e., 120 months) following the Commencement Date (the “Ten Year Anniversary Date”), or (ii) the date on which the SREC Purchase Cap (as set forth and defined in Section 8 below) is achieved, whichever first occurs.

  • Accordingly, the Company entered into the Supplemental Master Purchase Agreement for the revision of the Original Purchase Cap to the Revised Purchase Cap to ensure the continuing operation of the Group.

  • The term of this Agreement shall commence on the Effective Date and, unless earlier terminated in accordance with the provisions hereof, shall continue for an initial term which shall end on the earlier of: (i) the date that is the one (1) year anniversary of the Effective Date, or (ii) the date on which the Purchase Cap has been satisfied (the “Term”).

  • The prior consent of the Committee is required for the Company to purchase Shares or cancel Options at such time or times as the aggregate consideration which has been paid to Plan participants for Shares or Options exceeds the Company Purchase Cap.


More Definitions of Purchase Cap

Purchase Cap has the meaning set forth in Section 7.02(i).
View Source

Related to Purchase Cap

  • VWAP Purchase Amount means, with respect to any particular VWAP Purchase Notice, the portion of the Available Amount to be purchased by the Buyer pursuant to Section 1(c) hereof pursuant to a valid VWAP Purchase Notice which requires the Buyer to buy the VWAP Purchase Share Percentage of the aggregate shares traded on the Principal Market during normal trading hours on the VWAP Purchase Date up to the VWAP Purchase Share Volume Maximum, subject to the VWAP Minimum Price Threshold.

  • VWAP Purchase Price means the lesser of (i) the Closing Sale Price on the VWAP Purchase Date; or (ii) ninety-seven percent (97%) of volume weighted average price for the Common Stock traded on the Principal Market during normal trading hours on (A) the VWAP Purchase Date if the aggregate shares traded on the Principal Market on the VWAP Purchase Date have not exceeded the VWAP Purchase Share Volume Maximum and the Sale Price of Common Stock has not fallen below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction), or (B) the portion of the VWAP Purchase Date until such time as the sooner to occur of (1) the time at which the aggregate shares traded on the Principal Market has exceeded the VWAP Purchase Share Volume Maximum, or (2) the time at which the Sale Price of Common Stock falls below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).

  • Option Purchase Price has the meaning set forth in Section 9.36(b) hereof.

  • Final Purchase Price has the meaning set forth in Section 2.02.

  • Cash Purchase Price has the meaning set forth in Section 2.1(b).