Threshold Price. For each Trading Day during a Draw Down Pricing Period that the Draw Down Discount Price is less than the Threshold Price, no Shares shall be purchased or sold on such Trading Day and the total amount of the Draw Down Amount in respect of such Draw Down Pricing Period shall be reduced by one fifteenth (1/15th). The amount of the Draw Down Amount not so purchased or sold shall continue to be available in future Draw Downs and a part of the Maximum Commitment Amount. If trading in the Company's Common Stock is suspended for any reason for more than three (3) consecutive or non-consecutive hours during any Trading Day during a Draw Down Pricing Period, the Draw Down Discount Price shall be deemed to be less than the Threshold Price for that Trading Day.
Appears in 1 contract
Sources: Common Stock Purchase Agreement (American Technology Corp /De/)
Threshold Price. For each Trading Day during a Draw Down Pricing Period that the Draw Down Discount Price is less than the Threshold Price, no Shares shall be purchased or sold on in respect of such Trading Day and Day, the total amount of the Draw Down Amount in respect of such Draw Down Pricing Period shall be reduced by one fifteenth (1/15th). The ) and the amount of the Draw Down Amount not so purchased or sold shall continue to be available in future Draw Downs and a as part of the Maximum Commitment Amount. If trading in the Company's Common Stock is suspended for any reason for more than three (3) consecutive or non-consecutive hours during any Trading Day during a Draw Down Pricing Period, the Draw Down Discount Price shall be deemed to be less than the Threshold Price for that Trading Day.
Appears in 1 contract
Sources: Common Stock Purchase Agreement (Discovery Laboratories Inc /De/)