Individual Put Limit definition

Individual Put Limit shall have the meaning set forth in Section 2.3.1 (b).
Sample 1Sample 2Sample 3
Individual Put Limit means the lesser of (i) the Put Share Limit, (ii) the aggregate of the Volume Limit Amounts for all three Put Tranches in a given Put, or (iii) the number of Put Shares which, when multiplied by their respective Put Share Prices, equals the Maximum Put Dollar Amount for a given Put. Company agrees not to trade Common Stock or arrange for Common Stock to be traded for the purpose of artificially increasing the Volume Limitations. For purposes of this Agreement:
Sample 1
Individual Put Limit shall equal 25% of the summation of the daily reported trading volume in the outstanding Common Stock on the Company's Principal Market during the Maximum Pricing Period. The "Put Share Amount" is the number of shares of Common Stock that the Subscriber shall be obligated to purchase in a given Put, and shall equal the lesser of (i) the Intended Put Share Amount, or (ii) the "Individual Put Limit". Notwithstanding the Individual Put Limit, the Company shall, be obligated to issue to the Subscriber Unlegended Share. Certificates representing a number of shares of Common Stock equal to the number of shares of Common Stock sold, if any, by the Subscriber from the Advance Put Notice Date through the close of trading on the Pricing Period End Date, but not exceeding the Intended Put Share Amount. Notwithstanding the above, if more than two (2) Calendar Months have passed since the date of the previous Put Closing, the Company shall deliver the Advance Put Notice at least twenty (20) Trading Days prior to any intended Put Date. In order to effect delivery of the Advance Put Notice, the Company shall (i) send the Advance Put Notice by facsimile on such date so that such notice is received by the Subscriber by 6:00 p.m., New York, NY time, and (ii) surrender such notice on such date to a common courier for overnight delivery to the, Subscriber (or two (2) day delivery in the case of a Subscriber residing outside of the U.S.). Upon receipt by the Subscriber of a facsimile copy of the Advance Put Notice, the Subscriber shall, within two (2) Business Days, send, via facsimile, a confirmation of receipt (the "Advance Put Notice Confirmation," the form of which is attached hereto as Exhibit F) of the Advance Put Notice to --------- Company specifying that the Advance Put Notice has been received and affirming the intended Put Date and the Intended Put Share amount;
Sample 1

Examples of Individual Put Limit in a sentence

  • The "Put Share Amount" is the number of shares of Common Stock that the Investor shall be obligated to purchase in a given Put, and shall equal the lesser of (i) the Intended Put Share Amount, and (ii) the Individual Put Limit.

  • Anytime a Put Cancellation Notice is delivered to Investor after the Put Date, the Put, shall remain effective with respect to a number of Put Shares (the "Truncated Put Share Amount") equal to the Individual Put Limit for the Truncated Pricing Period.

  • The “Put Share Amount” is the number of shares of Common Stock that the Investor shall be obligated to purchase in a given Put, and shall equal the lesser of (i) the Intended Put Share Amount, and (ii) the Individual Put Limit.

  • Company agrees not to trade Common Stock or arrange for Common Stock to be traded for the purpose of artificially increasing the Individual Put Limit.

  • The Company and the Investor have entered into that certain Investment Agreement, dated as of the date hereof (the “Investment Agreement”), pursuant to which the Company may issue, from time to time, to the Investor up to an aggregate of $10,000,000 of newly issued shares of the Company’s common stock, $0.00001 par value (“Common Stock”), subject to the Individual Put Limit for each Put (as each such term is defined in the Investment Agreement), as provided for therein.

  • The Company and the Investor have entered into that certain Investment Agreement, dated as of the date hereof (the “Investment Agreement”), pursuant to which the Company may issue, from time to time, to the Investor up to an aggregate of $10,000,000 of newly issued shares of the Company’s common stock, $0.001 par value (“Common Stock”), subject to the Individual Put Limit for each Put (as each such term is defined in the Investment Agreement), as provided for therein.

  • Anytime a Put Cancellation Notice is delivered to Investor after the Put Date, the Put, shall remain effective with respect to a number of Put Shares (the “Truncated Put Share Amount”) equal to the Individual Put Limit for the Truncated Pricing Period.

  • Notwithstanding the above, no Semi-Annual Non-Usage Fee shall accrue during any Commitment Evaluation Period where the Company completed six (6) Puts, each of which was for the full amount of the Individual Put Limit.

  • The Company and the Investor have entered into that certain Investment Agreement, dated as of the date hereof (the “Investment Agreement”), pursuant to which the Company may issue, from time to time, to the Investor up to an aggregate of $5,000,000.00 of newly issued shares of the Company’s common stock, $0.001 par value (“Common Stock”), subject to the Individual Put Limit for each Put (as each such term is defined in the Investment Agreement), as provided for therein.

  • In the event of any future change in the Nasdaq's "double counting" rules, the 17.5% percentage of the aggregate daily trading volumes used to calculate the Individual Put Limit shall be adjusted, based upon a formulation mutually agreeable to the Company and the Investor, to account for such change.


More Definitions of Individual Put Limit

Individual Put Limit shall equal one half of the aggregate daily reported trading volume in the outstanding Common Stock reported on the Company's Principal Market in a maximum Volume Evaluation Period of ten (10) Trading Days, ending on the Trading Day immediately preceding the Put Date;
Sample 1
Individual Put Limit shall equal one half of the aggregate daily reported trading volume in the outstanding Common Stock reported on the Company's Principal Market in a maximum Volume Evaluation Period of ten (10) Trading Days, ending on the Trading Day immediately preceding the Put Date. VIRAGEN, INC. By: Dennxx X. Xxxxxx, Xxec. Vice President/CFO Address:Viragen, Inc. 865 XX 00xx Xxxxxx, Xxxxx 000 Xxxxxxxxxx, XX 00000 Telephone No. (954) 000-0000 Facsimile No. (954) 000-0000 EXHIBIT G 41 CONFIRMATION OF PUT NOTICE _________________________________, the Subscriber, hereby confirms receipt of Viragen Inc.'s (the "Company") Put Notice and election to exercise a Put to sell ___________________________ shares of common stock ("Common Stock") of the Company to Subscriber, as of the Put Date, all pursuant to that certain Regulation D Private Equity Line Subscription Agreement (the "Subscription Agreement").
Sample 1
Individual Put Limit shall have the meaning set forth in Section 2.3.1 (b). "Ineffective Period" shall have the meaning given to it in the Registration Rights Agreement.
Sample 1

Related to Individual Put Limit

  • Individual plan or "individual service plan" means the written description of services, supports, and activities to be provided to an individual.

  • Individual Property means each parcel of real property, the Improvements thereon and all Personal Property owned by Mortgage Borrower and encumbered by a Mortgage, together with all rights pertaining to such Property and Improvements, as more particularly described in each Mortgage and referred to therein as the “Property”.

  • Mortgage Borrower shall have the meaning set forth in the Recitals to this Agreement.

  • Released Mortgaged Property Proceeds As to any Mortgage Loan, proceeds received by the Servicer in connection with (a) a taking of an entire Mortgaged Property by exercise of the power of eminent domain or condemnation or (b) any release of part of the Mortgaged Property from the lien of the related Mortgage, whether by partial condemnation, sale or otherwise, which are not released to the Mortgagor in accordance with applicable law and mortgage servicing standards the Servicer would use in servicing mortgage loans for its own account and this Agreement.

  • Collateral Pool means all of the Collateral.

  • CLTV As of any date and as to any Second Lien Loan, the ratio, expressed as a percentage, of the (a) sum of (i) the outstanding principal balance of the Second Lien Loan and (ii) the outstanding principal balance as of such date of any mortgage loan or mortgage loans that are senior or equal in priority to the Second Lien Loan and which are secured by the same Mortgaged Property to (b) the Appraised Value as determined pursuant to the Underwriting Guidelines of the related Mortgaged Property as of the origination of the Second Lien Loan.

  • LTV means with respect to any Mortgage Loan, the ratio of the original outstanding principal amount of the Mortgage Loan to the lesser of (a) the Appraised Value of the Mortgaged Property at origination or (b) if the Mortgaged Property was purchased within 12 months of the origination of the Mortgage Loan, the purchase price of the Mortgaged Property.

  • Mezzanine Borrower shall have the meaning set forth in Section 11.6 hereof.

  • Construction Lender means a person who makes a construction loan.

  • Mortgaged Property shall have the meaning assigned to such term in the recitals.

  • Mortgage Pool The pool of Mortgage Loans, identified on Schedule 1 from time to time, and any REO Properties acquired in respect thereof.

  • Pool Principal Balance As to any Distribution Date, the aggregate of the Scheduled Principal Balances of the Mortgage Loans which were Outstanding Mortgage Loans on the Due Date in the month preceding the month of such Distribution Date.

  • for any Mortgage Loan means the percentage shown as the "Gross Margin" for the Mortgage Loan on Exhibit A to the Sale and Servicing Agreement.

  • Underlying Mortgaged Property With respect to each Co-op Loan, the underlying real property owned by the related residential cooperative housing corporation.

  • Maximum Lifetime Mortgage Rate The maximum level to which a Mortgage Interest Rate can adjust in accordance with its terms, regardless of changes in the applicable Index.

  • Mortgaged Premises means any real property which shall now or hereafter be subject to a Note Mortgage and/or an ABL Mortgage.

  • Facility Limit means $100,000,000 as reduced or increased from time to time pursuant to Section 2.02(e) or 2.02(h), as applicable. References to the unused portion of the Facility Limit shall mean, at any time of determination, an amount equal to (x) the Facility Limit at such time, minus (y) the sum of the Aggregate Capital plus the LC Participation Amount.

  • Underlying Collateral means, with respect to a Loan Asset, any property or other assets designated and pledged or mortgaged as collateral to secure repayment of such Loan Asset, as applicable, including, without limitation, mortgaged property and/or a pledge of the stock, membership or other ownership interests in the related Obligor and all proceeds from any sale or other disposition of such property or other assets.

  • Occupancy Rate means, with respect to a Property at any time, the ratio, expressed as a percentage, of (a) the number of square feet of such Property actually occupied by tenants that are not affiliated with the Parent, the Borrower or any Subsidiary and paying rent at rates not materially less than rates generally prevailing at the time the applicable lease was entered into, pursuant to binding leases to (b) the aggregate number of square feet of such Property.

  • Obligor Concentration Limit At any time, in relation to the aggregate Unpaid Balance of Receivables owed by any single Obligor and its Affiliated obligors (if any):