SUFFICIENT VOLUME definition

SUFFICIENT VOLUME means that (i) there is an active public market for the Common Stock and (ii) the aggregate trading volume over the Trading Period is greater than the Warrant Shares underlying the tranche together with all other Credit Agreement Warrants with the same initial Exercise Price divided by 0.21. For example, if there are 1,000,000 Warrant Shares underlying a tranche together with all other Credit Agreement Warrants with the same initial Exercise Price, there must be an active public market for the Common Stock for the duration of such Trading Period and the aggregate trading volume over the Trading Period shall have been at least 4,761,904 shares of Common Stock during such period. Notwithstanding the foregoing, if Shareholder Approval is required with respect to the issuance of any of the Warrant Shares and such Shareholder Approval has not been obtained, this paragraph shall not apply, and the anti-dilution adjustment provisions of this Section 3(b) and Section 3
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SUFFICIENT VOLUME means that (i) there is an active public market for the Common Stock and (ii) the aggregate trading volume over the Trading Period is greater than the Warrant Shares together with all other Credit Agreement Warrants with the same initial Exercise Price divided by 0.21. For example, if there are 1,000,000 Warrant Shares together with all other Credit Agreement Warrants with the same initial Exercise Price, there must be an active public market for the Common Stock for the duration of such Trading Period and the aggregate trading volume over the Trading Period
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Related to SUFFICIENT VOLUME

  • Service Volume means a measure of Services for which a Performance Target is set.

  • Monthly Volume means the product of the Committed Volume multiplied by the number of days in the relevant month.

  • VWAP Purchase Share Volume Maximum means a number of shares of Common Stock traded on the Principal Market during normal trading hours on the VWAP Purchase Date equal to: (i) the VWAP Purchase Share Estimate, divided by (ii) the VWAP Purchase Share Percentage (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).

  • Trading Volume means the volume of shares of the Company's Common Stock that trade between 9:30 AM and 4:00 PM, New York City Time, on any Business Day, and shall expressly exclude any shares trading during "after hours" trading.

  • Runoff volume means the volume of water that runs off the land development project from a