Calculated Amount

Calculated Amount. The quotient, rounded down to the nearest whole number, of (i) $1,000,000 divided by (ii) the Conversion Price.

Calculated Amount. Means the amount determined using the Black-Scholes option pricing model based on the terms hereafter to achieve a total value of $16.25 million on the Calculation Date (as defined below); provided, however, that (a) the number of Warrants issued if the Base Price (as defined below) is less than $4.25 shall be equal to the number of Warrants issued if the Base Price was $4.25 and (b) the number of Warrants issued if the Base Price is greater than $6.00 shall be equal to the number of Warrants... issued if the Base Price was $6.00. A 50.0% volatility rate shall be used in the Black-Scholes option pricing model when valuing and calculating the number of Warrants. The Risk Free Rate will be measured at the 5 Year Treasury Yield on the last day of the 20 Trading Day period commencing 60 calendar days after the Issue Date. View More