Second Adjustment Date definition

Second Adjustment Date means the earlier of (i) the date that is twelve (12) months after the Effective Date, or (ii) provided that Borrower is in compliance with the terms and provisions of this Agreement and no Event of Default or Unmatured Event of Default shall exist, the date selected by Borrower by written notice to Administrative Agent. Any such election by Borrower shall be irrevocable.

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Second Adjustment Date means May 1, 2017.

Second Adjustment Date shall have the meaning ascribed to such term in Section 1.04(b);

Examples of Second Adjustment Date in a sentence

• If ▇▇▇▇ equals zero, no adjustment to the Original Purchase Price shall be made for the Second Adjustment Date.

• Parent shall then calculate the "Second Adjustment to -------------------- Purchase Price" as follows: -------------- ▇▇▇▇ = SADV - FADV where ▇▇▇▇ is the Second Adjustment to Purchase Price; SADV is the Second Adjustment Date Value as calculated on the Second Adjustment Date using the Valuation Method; and FADV is the First Adjustment Date Value.

• Parent shall then calculate the "Second Adjustment to Purchase Price" as follows: ▇▇▇▇ = SADV - FADV where ▇▇▇▇ is the Second Adjustment to Purchase Price; SADV is the Second Adjustment Date Value as calculated on the Second Adjustment Date using the Valuation Method; and FADV is the First Adjustment Date Value.

• Parent shall then calculate the "Second Adjustment to -------------------- Purchase Price" as follows: -------------- ▇▇▇▇ = SADV - FADV where ▇▇▇▇ is the Second Adjustment to Purchase Price; SADV is the Second Adjustment Date Value as calculated on the Second Adjustment Date using the Valuation Model; and FADV is the First Adjustment Date Value.

• Parent shall then calculate the --------------- --------- "Second Adjustment to Purchase Price" as follows: ▇▇▇▇ = SADV - FADV where ▇▇▇▇ is the Second Adjustment to Purchase Price; SADV is the Second Adjustment Date Value as calculated on the Second Adjustment Date using the Valuation Method; and FADV is the First Adjustment Date Value.

More Definitions of Second Adjustment Date

Second Adjustment Date means the date on which the Company achieves Product Sales Revenues equal to or exceeding $15 million for the trailing 12 month period.

Second Adjustment Date means the date that is thirty (30) days following the First Adjustment Date (or if such date is not a Trading Day, the Trading Day immediately preceding such date).

Second Adjustment Date means a date after the First Adjustment Date that is the thirtieth (30th) Trading Day immediately following the date that is the earliest of (1) the date that all Registrable Securities and the Adjustment Shares are registered pursuant to an effective Registration Statement that is available for the resale of all such Registrable Securities and Adjustment Shares; provided, however, if less than all Registrable Securities and Adjustment Shares have become registered for resale on the date that a Registration Statement is declared effective, each Buyer with respect to itself only, shall have the right to deem such condition satisfied, (2) the date that such Buyer can sell all of the Registrable Securities and the Adjustment Shares without restriction or limitation pursuant to Rule 144, (3) the date that such Buyer can sell all of the Registrable Securities and the Adjustment Shares without restriction or limitation pursuant to Rule 144 and without the requirement to be in compliance with Rule 144(c)(1) and (4) the date that is one (1) year immediately following the Closing Date.

Second Adjustment Date means the date which is 90 days after the First Adjustment Date.

Second Adjustment Date means the earlier of (1) the date that all Registrable Securities and the Adjustment Shares are registered pursuant to an effective Registration Statement that is available for the resale of all such Registrable Securities and Adjustment Shares (2) the date that such Buyer can sell all of the Adjustment Shares pursuant to Rule 144 and (3) the one (1) year anniversary of the Closing Date (the earliest of (1), (2) and (3), the “Second Trigger Date”); (x) “Second Adjustment Price” means eighty five percent (85%) of the eight (8) lowest Weighted Average Prices of the Common Stock during the twenty (20) Trading Days immediately following the fifth (5th) Trading Day after the Second Trigger Date (as adjusted for stock splits, stock dividends, recapitalizations, reorganizations, reclassification, combinations, reverse stock splits or other similar events during such period), (y) the “Third Adjustment Date” means the one (1) year anniversary of the Closing Date; and (z) “Third Adjustment Price” means eighty five percent (85%) of the eight (8) lowest Weighted Average Prices of the Common Stock during the twenty (20) Trading Days immediately following the fifth (5th) Trading Day after the one (1) year anniversary of the Closing Date (as adjusted for stock splits, stock dividends, recapitalizations, reorganizations, reclassification, combinations, reverse stock splits or other similar events during such period).

Second Adjustment Date has the meaning set forth in Section 6(a)(iii) hereof.

Second Adjustment Date means the date described in Section 2.02(b) on which the purchase price is adjusted.