Examples of Purchase Valuation Period in a sentence
The parties acknowledge and agree that during the Rapid Closing Date, Fixed Purchase Valuation Period and VWAP Purchase Valuation Period, the Investor may contract for, or otherwise effect, the resale of the subject purchased Purchase Notice Shares to third-parties.
The payment for, against delivery of, the total number of Shares constituting the applicable Purchase Share Amount purchased by the Investor in each Purchase shall be settled on the Trading Day immediately following the last Trading Day of the applicable Purchase Valuation Period for such Purchase (the “Purchase Settlement Date”).
In the event of a suspension, delisting, or halting for any reason, of the trading of the Common Stock during the applicable Fixed Purchase Valuation Period or VWAP Purchase Valuation Period, as contemplated by this Section 7.2(f), the Investor shall purchase the Purchase Notice Shares in the respective Purchase Notice at a value equal to the par value of the Company’s Common Stock.
At or prior to 7:00 p.m., New York City time, on the last Trading Day of the applicable Purchase Valuation Period for each Purchase, the Investor shall provide to the Company a written confirmation for such Purchase (each, a “Purchase Confirmation”) setting forth the applicable Purchase Price per Share to be paid by the Investor in such Purchase, and the total aggregate Purchase Price to be paid by the Investor for the total Purchase Share Amount purchased by the Investor in such Purchase.
The payment for, against delivery of, the total number of Shares constituting the applicable VWAP Purchase Share Amount purchased by the Investor in each VWAP Purchase shall be settled on the Trading Day immediately following the last Trading Day of the applicable VWAP Purchase Valuation Period for such VWAP Purchase (the “VWAP Purchase Settlement Date”).
The Closing of a VWAP Purchase Notice shall occur one (1) Business Day following the VWAP Purchase Valuation Period (the “VWAP Closing Date”); whereby the Investor shall deliver to the Company, by 5:00 p.m. New York time on the VWAP Closing Date, the VWAP Purchase Investment Amount by wire transfer of immediately available funds to an account designated by the Company.
For each Purchase, the Investor shall pay to the Company an amount in cash equal to the product of (i) the total Purchase Share Amount purchased by the Investor in such Purchase and (ii) the applicable Purchase Price per Share to be paid by the Investor in such Purchase, as full payment for such total Purchase Share Amount, via wire transfer of immediately available funds following the last Trading Day of the applicable VWAP Purchase Valuation Period.
The parties acknowledge and agree that during the Rapid Valuation Period and Purchase Valuation Period, the Investor may contract for, or otherwise effect, the resale of the subject purchased Purchase Notice Shares to third-parties.
The Company may not deliver any subsequent Purchase Notice until the end of a Purchase Valuation Period of an active Purchase Notice, except if waived by the Investor in writing.
Because the purchase price of the shares of common stock issuable under the Purchase Agreement is determined during the applicable VWAP Purchase Valuation Period for a VWAP Purchase, the number of shares that may actually be sold by the Company under the Purchase Agreement may be fewer than the number of shares being offered by this prospectus.