WACP definition
WACP means, at any time of determination, an amount equal to the quotient of (a) the positive difference of (i) the weighted average payment tenor (stated as a number of days) of all Eligible Receivables as of such date minus (ii) 30, divided by (b) 30.
WACP means (i) the sum of the Conversion Principal (as defined below) for all conversions of the Debenture prior to such exercise, divided by (ii) the aggregate principal of the Debenture converted prior to such exercise.
WACP means Winston Area Community Partnership.
More Definitions of WACP
WACP means the weighted average closing price of Alanco's Class A Common Stock on the NASDAQ Cap Market for the Measuring Period which is equal to the sum of the products of the number of shares sold on each trading day during the Measuring Period multiplied by the closing price of such stock on such day and then divide such sum by the total number of shares sold during the Measuring Period. Provided, however, that if the WACP for the Measuring Period is $0.40 or less, the full 150,000 shares shall be issued to Tenix, but no more than 150,000 additional shares, and if the WACP is equal to or greater than $0.45 for the Measuring Period, no additional shares shall be issued to Tenix hereunder. Alanco shall instruct its transfer agent to issue to Tenix any additional shares to be issued in accordance with the above formula within five (5) business days following November 30, 2009.