Third Adjustment Date definition

Third Adjustment Date means a date after the Second Adjustment Date that is the twenty first (21st) Trading Day immediately following the earlier of (i) the date that such Buyer can sell all of the Registrable Securities without restriction or limitation pursuant to Rule 144 and without the requirement to be in compliance with Rule 144(c)(1) and (ii) the date that is one (1) year immediately following the Closing Date.
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Third Adjustment Date means the date on which the Company achieves Product Sales Revenues equal to or exceeding $25 million for the trailing 12 month period.
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Third Adjustment Date shall have the meaning ascribed to such term in Section 1.04(b);
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Examples of Third Adjustment Date in a sentence

  • For avoidance of doubt, the Holders of Series A Convertible Preferred Shares issued under that financing shall receive an equity stake in KCWS upon the Third Adjustment Date and the Holders of Series A Convertible Preferred Shares issued under the financing to acquire WOLO shall, on the Third Adjustment Date, receive the above referenced equity stake in WOLO.

  • On the Third Adjustment Date, the Company shall cause the Acquired Company (as defined below) to issue to the holders of Series A Senior Convertible Preferred Shares, on a pro rata basis, a ten percent (10%) equity stake in any company (in the aggregate) (the “Acquired Company”) acquired with the proceeds from the sale of the Series A Senior Convertible Preferred Shares (collectively, the “Additional Equity Interest”).

  • On the Third Adjustment Date, the Company shall issue to each Buyer any Adjustment Balance Shares with respect to the Third Adjustment Date calculated with respect to such Buyer.

  • The term "Adjustment Dates" means August 17, 2028 (the "First Adjustment Date"), August 17, 2033 (the "Second Adjustment Date"), and August 17, 2038 (the "Third Adjustment Date").


More Definitions of Third Adjustment Date

Third Adjustment Date means the one (1) year anniversary of the Closing Date; and (z) “Third Adjustment Price” means eighty five percent (85%) of the eight (8) lowest Weighted Average Prices of the Common Stock during the twenty (20) Trading Days immediately following the fifth (5th) Trading Day after the one (1) year anniversary of the Closing Date (as adjusted for stock splits, stock dividends, recapitalizations, reorganizations, reclassification, combinations, reverse stock splits or other similar events during such period).
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Third Adjustment Date means the date for performance
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Related to Third Adjustment Date

  • Initial Adjustment Date As to any Adjustable Rate Mortgage Loan, the first Adjustment Date following the origination of such Mortgage Loan.

  • SOFR Adjustment Date means the second U.S. Government Securities Business Day before the first day of such Interest Period.

  • Payment Adjustment Date With respect to each ARM Loan, the date on which the Borrower's Monthly Payment changes in accordance with the terms of the related Mortgage Note.

  • Interest Adjustment Date With respect to a Mortgage Loan, the date, if any, specified in the related Mortgage Note on which the Mortgage Interest Rate is subject to adjustment.

  • LIBOR Adjustment Date With respect to any Payment Date, the second business day before the related Accrual Period begins. For this purpose, a “business day” is a day on which banks are open for dealing in foreign currency and exchange in London, New York City and Washington, D.