Common use of Reset Price Clause in Contracts

Reset Price. The Reset Price will initially be the Initial Price. The Reset Price will be subject to reset on a monthly basis (each a “Reset Date”), with the first such Reset Date occurring 180 days after the Closing Date, to be the lowest of (a) the then-current Reset Price, (b) the Initial Price and (c) the 30-day VWAP Price of the Shares immediately preceding such Reset Date; provided that the Reset Price will also be reduced upon a Dilutive Offering Reset immediately upon the occurrence of such Dilutive Offering; provided further that except upon the occurrence of a Dilutive Offering, the Reset Price will not be below $5.00 per Share.