Common use of Determination of Draw Down Shares Issuable Clause in Contracts

Determination of Draw Down Shares Issuable. Subject to Sections 2.3(d) and (e) below, the number of Draw Down Shares to be purchased by IFG with respect to any Draw Down shall be determined on a daily basis during the applicable Draw Down Pricing Period and shall equal with respect to any such Trading Day the quotient of (x) one-twentieth (1/20) of the Investment Amount (or such other fraction based upon the agreed Draw Down Pricing Period), divided by (y) the Purchase Price for such Trading Day. The portion of the Investment Amount for which Draw Down Shares may be issued for each Trading Day during the Draw Down Pricing Period may not exceed one-twentieth (1/20) of the Investment Amount (or such other fraction based upon the agreed Draw Down Pricing Period).