Clearing Date definition

Clearing Date shall be the date on which the Investor receives the Put Shares as DWAC Shares in its brokerage account.

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Clearing Date shall be the date on which the Investor receives the Put Shares in its brokerage account.

Clearing Date means the date on which the Estimated Advance Shares have been deposited into the Investor’s brokerage account and the Investor’s broker has confirmed with the Investor that such Estimated Advance Shares have cleared into Investor’s brokerage account and the Investor may execute trades of such Estimated Advance Shares.

Examples of Clearing Date in a sentence

However if the conversion price for the common stock on the Clearing Date (defined below) is lower than the Initial Conversion Price, then the Initial Conversion Price shall be adjusted such that the Discount shall be taken based on the Clearing Date, and the Company shall issue additional shares to Purchaser to reflect such adjusted Conversion Price, with such additional issuance being subject to the limitation on conversion as set forth in 2.11, below.
For purposes of this Agreement, the Clearing Date shall be on the date in which the conversion shares are deposited into the Purchaser’s brokerage account and Purchaser’s broker has confirmed with Purchaser that the Purchaser may execute trades of the conversion shares.
The Valuation Period will commence one (1) Trading Day following the Clearing Date.
If the lowest trade price for the Common Stock on the Clearing Date is lower than that at the time any Shares pursuant to a Fixed Purchase, VWAP Purchase, or Additional VWAP Purchase are actually issued, then the price per share at which such Shares are issued shall be adjusted such that the price per share at which such Shares are issued shall be calculated from the closing trade price on the Clearing Date, and the Company shall issue additional Shares to Investor to reflect such adjusted price per Share.
The Company shall not deliver a Put Notice to the Investor during the period beginning on the Put Date of the immediately prior Put Notice and ending on the date that is ten (10) Trading Days after the Clearing Date associated with the Common Stock of the immediately prior Put Notice.

More Definitions of Clearing Date

Clearing Date means the first entire Business Day that the Investor holds the Purchase Notice Shares in its brokerage account and is eligible to trade shares.

Clearing Date means the first entire Business Day on which the Investor receives the DWAC Shares set forth in the Purchase Notice in its brokerage account.

Clearing Date the first date upon which both (i) the Exchange Shares under any Exchange Notice have been deposited into the Investor’s designated brokerage account, and (ii) the Investor has thereafter received confirmation from its brokerage firm that it may execute trades involving such Exchange Shares.

Clearing Date shall be the date when the Holder has commenced selling the converted shares.

Clearing Date means five business days after the date that the Put Shares have been accepted and cleared by Investor’s brokerage firm.

Clearing Date shall be the date in which the Estimated Put Shares (as defined in Section 2.2(a)) have been deposited into the Investor's brokerage account.

Clearing Date means the date on which the Shares Clear.

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