Common use of Minimum Volume Clause in Contracts

Minimum Volume. Unless waived in writing by the Required Holders (as defined in the 2015 Notes), the quotient of (x) the sum of each daily dollar trading volume of the Common Stock as reported by Bloomberg for each Trading Day during the twenty (20) consecutive Trading Days immediately preceding the Closing Date, divided by (y) twenty (20) shall be at least $300,000.

Appears in 2 contracts

Sources: Exchange Agreement (Great Basin Scientific, Inc.), Exchange Agreement (Great Basin Scientific, Inc.)