Purchase Price Protection definition

Purchase Price Protection. (Optional) The Company shall specify in each Draw Down Notice a minimum threshold market price under which no shares may be sold (the “Floor Price.”) The Floor Price shall not be less than 85% of the average of the closing trade prices for the five (5) trading days ending immediately prior to the issuance of the Draw Down notice. In the event that during a Valuation Period, the closing Bid Price on a Trading Day is below the Floor Price, the Investor shall be under no obligation to fund the Put Amount for each such Trading Day, and the Put Amount shall be adjusted accordingly. Commitment Fee Restricted Stock: The Issuer shall issue $50,000 in Commitment Fee Preferred stock Fee Preferred (the “Commitment preferred”) to the Purchaser on the signing of the definitive legal documentation for this transaction. The Commitment Restricted Stock shall have no registration rights. The appropriate price per share shall be calculated as 80% of the low two of ten closing bid prices for the ten days prior to conversion. Valuation Period: Ten trading days, commencing on the first trading day following delivery and clearing of the Estimated Shares.

Examples of Purchase Price Protection in a sentence

  • Extended Warranty & Purchase Price Protection – FAQ REV 0612 Page 1 of 2Extended Warranty & Purchase Price Protection - FAQ REPAIR COST PROTECTION Q.

  • Like all policies of this type there are some things that Purchase Price Protection does not cover.

  • Yours sincerely Swann Insurance Purchase Price Protection Fact SheetThis Fact Sheet is to help you understand your Swann Purchase Price Protection Insurance policy and why Swann has offered you a refund.

  • Purchase Price Protection (PPP) insurance is designed to protect the insured by covering the difference between the total loss payout of the 'market' or the 'agreed' value of the vehicle (as set out in the relevant comprehensive policy) and the purchase price of the vehicle.

  • The products are: • Loan Protection Insurance;• Walkaway Insurance; • Protection Plus Insurance; • Gapcover Insurance, which was also known as Purchase Price Protection Insurance; • Motor Vehicle Mechanical Breakdown Insurance, also known as “WarrantyASSIST” Insurance or Motor Vehicle Extended Warranty Insurance; and • Tyre and Rim Insurance.

  • My customer put down a deposit by trading in their old car will Purchase Price Protection GAP cover this?A.

  • CONTRACTOR / OPERATOR will request that the law enforcement agency respond to investigate the accident.

  • Your Purchase Price Protection insurance policy was taken out withSwann.

Related to Purchase Price Protection

  • Purchase Price has the meaning set forth in Section 2.1.

  • Purchase Price Adjustment shall have the meaning specified in Section 3.02.

  • Purchase Price Percentage has the meaning assigned to such term in the Pricing Side Letter.

  • the Purchase Price means the price to be paid by the Buyer to the Seller for the purchase of the Property;

  • Base Purchase Price has the meaning set forth in Section 2.2.

  • Option Purchase Price has the meaning set forth in Section 9.36(b) hereof.

  • Purchase Price Per Share means $0.01 per share, as may be adjusted from time to time in accordance with Section 5 or 6.

  • Unit Purchase Price shall have the meaning ascribed to such term in Section 2.1(b).

  • Purchase Price Date means the date the Purchase Price is delivered by Lender to Borrower.

  • Purchase Price Credit has the meaning set forth in Section 1.3 of the Agreement.

  • Stock Purchase Price has the meaning set forth in Section 2 of the Subscription Agreement.

  • VWAP Purchase Price means the lesser of (i) the Closing Sale Price on the VWAP Purchase Date; or (ii) ninety-seven percent (97%) of volume weighted average price for the Common Stock traded on the Principal Market during normal trading hours on (A) the VWAP Purchase Date if the aggregate shares traded on the Principal Market on the VWAP Purchase Date have not exceeded the VWAP Purchase Share Volume Maximum and the Sale Price of Common Stock has not fallen below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction), or (B) the portion of the VWAP Purchase Date until such time as the sooner to occur of (1) the time at which the aggregate shares traded on the Principal Market has exceeded the VWAP Purchase Share Volume Maximum, or (2) the time at which the Sale Price of Common Stock falls below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).

  • Cash Purchase Price has the meaning set forth in Section 2.1(b).

  • Contract Purchase Price means the amount actually paid or allocated in respect of the purchase, development, construction or improvement of a Property or the amount of funds advanced with respect to a Mortgage, or the amount actually paid or allocated in respect of the purchase of other Assets, in each case exclusive of Acquisition Fees and Acquisition Expenses, but in each case including any indebtedness assumed or incurred in respect of such Property.

  • Loan Purchase Price With respect to any Home Equity Loan purchased from the Trust on or prior to a Monthly Remittance Date pursuant to Section 3.04, 3.06(b) or 8.10(b) hereof, an amount equal to the outstanding principal balance of such Home Equity Loan as of the date of purchase (assuming that the Monthly Remittance Amount remitted by the Servicer on such Monthly Remittance Date has already been remitted), plus all accrued and unpaid interest on such Home Equity Loan at the Coupon Rate to but not including the date of such purchase together with (without duplication) the aggregate amounts of (i) all unreimbursed Delinquency Advances and Servicing Advances theretofore made with respect to such Home Equity Loan, (ii) all Delinquency Advances which the Servicer has theretofore failed to remit with respect to such Home Equity Loan, (iii) all reimbursed Delinquency Advances and Servicing Advances to the extent that reimbursement is not made from the Mortgagor and (iv) any costs and damages incurred by the Trust in connection with any violation by the Home Equity Loan of any predatory or abusive lending law.

  • Share Purchase Price shall have the meaning ascribed to such term in Section 2.1(b).

  • Base Price means the price to be used as the basis for determining the Spread upon the exercise of an Appreciation Right.

  • Closing Purchase Price shall have the meaning ascribed to such term in Section 2.1(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • Per Unit Purchase Price equals $2.125, subject to adjustment for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions of the Common Stock that occur after the date of this Agreement.

  • Purchase Price Allocation has the meaning set forth in Section 2.6(a).

  • Maximum Purchase Price has the meaning assigned to the term in the Pricing Side Letter.

  • Purchase Price Adjustment Escrow Amount means $3,000,000.

  • Maximum Aggregate Purchase Price has the meaning assigned to such term in the Pricing Side Letter.

  • Aggregate Purchase Price has the meaning set forth in Section 1.1.

  • Per Share Purchase Price equals $1.00, subject to adjustment for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions of the Common Stock that occur after the date of this Agreement.