Maximum Eligibility Number

Maximum Eligibility Number. Means initially zero and shall be increased upon each exercise of the Series C Warrant held by the Holder by such aggregate number of shares of Common Stock equal to 100% of the number of shares of Common Stock issued upon any such exercise of such Series C Warrant (as adjusted for stock splits, stock distributions, recapitalizations and similar events).

Maximum Eligibility Number. The meaning ascribed to such term in the Series C Warrants

Maximum Eligibility Number. Means initially zero and shall be increased upon any exercise of the Series B Warrant held by the Holder by such aggregate number of shares of Common Stock equal to the quotient of (x) the applicable Aggregate Exercise Price (as defined in the Series B Warrant) with respect to such exercise (assuming solely for such purpose that no portion of the Aggregate Exercise Price is paid by Cashless Exercise (as defined in the Series B Warrant)) divided by (y) the Exercise Price (as defined in the... Series B Warrant) then in effect. View More

Maximum Eligibility Number. Means initially zero and shall be increased (such increase, an "Adjustment") upon the Adjustment Time to such number of shares of Common Stock equal to the Adjustment Share Amount.

Maximum Eligibility Number. Means initially 868,056 (as adjusted for any stock splits, stock dividends, stock combinations, recapitalizations or other similar transactions) and shall be increased (such increase, an "Adjustment") upon the Adjustment Time by such number of shares of Common Stock equal to the Adjustment Share Amount.

Maximum Eligibility Number. Initially zero and shall be increased to the number of warrant shares otherwise issuable to the Holder pursuant to the terms of the Holder's Series C Warrants (as defined in the Securities Purchase Agreement) to the extent that such warrant shares are not permitted to be issued to the Holder pursuant to the limitation set forth in Section 1(f)(2) of the Series C Warrant.

Maximum Eligibility Number. Initially zero and such number shall be increased on each of the First Reset Date (as defined below) and the Second Reset Date (as defined below). The Maximum Eligibility Number shall be increased (but not decreased) on the First Reset Date to equal the number obtained by subtracting (I) [ ]1 (as adjusted for stock splits, stock dividends, recapitalizations, reorganizations, reclassification, combinations, reverse stock splits or other similar events) (the "Initial Conversion... Shares") from (II) the quotient obtained by dividing (x) the Holder's Conversion Amount (as defined in the Certificate of Designations) multiplied by the number of Preferred Shares issued to such Holder on the Issuance Date, by (y) the First Reset Price (such increased number, the "First Maximum EligibilityNumber"). The Maximum Eligibility Number shall be further increased (but not decreased) on the Second Reset Date, to equal the number obtained by subtracting (I) the product of (A) the Unregistered Percentage and (B) the sum of First Maximum Eligibility Number and the Initial Conversion Shares, from (II) the quotient obtained by dividing (x) the product of (A) the Holder's Conversion Amount multiplied by the number of Preferred Shares issued to such Holder on the Issuance Date, and (B) the Unregistered Percentage by (y) the Second Reset Price; provided, however, that in the event the First Reset Price and/or the Second Reset Price is lower than the $4.00 (as adjusted for stock splits, stock dividends, recapitalizations, reorganizations, reclassification, combinations, reverse stock splits or other similar events), the First Reset Price and/or Second Reset Price, as applicable, shall be deemed to be $4.00 (as adjusted for stock splits, stock dividends, recapitalizations, reorganizations, reclassification, combinations, reverse stock splits or other similar events). As used herein, (v) the "First Reset Date" means the six (6) Trading Day anniversary of the earlier of (1) the Initial Effective Date (as defined in the Registration Rights Agreement) and (2) June 1, 2010, (w) the "First Reset Price" means eighty two and one-half percent (82.5%) of the lower of (1) the arithmetic average of the Weighted Average Price of the Common Stock for each Trading Day during the five (5) consecutive Trading Days immediately preceding the First Reset Date and (2) the Closing Bid Price of the Common Stock on the Trading Day immediately preceding the First Reset Date , (x) the "Second Reset Date" means the six (6) Trading Day anniversary of the later of (1) the Initial Effective Date (as defined in the Registration Rights Agreement) and (2) June 1, 2010, (y) the "Second Reset Price" means eighty two and one-half percent (82.5%) of the lower of (1) the arithmetic average of the Weighted Average Price of the Common Stock for each Trading Day during the five (5) consecutive Trading Days immediately preceding the Second Reset Date and (2) the Closing Bid Price of the Common Stock on the Trading Day immediately preceding the Second Reset Date, and (z) the "Unregistered Percentage" shall mean the percentage determined by dividing (1) the number of Initial Conversion Shares that were not registered on an effective Registration Statement pursuant to the Registration Rights Agreement and available for resale thereunder on or prior to the sixth (6th) Trading Day prior to the First Reset Date, by (2) the number of Initial Conversion Shares View More

Maximum Eligibility Number. Initially zero and on the second (2nd) month anniversary of the Issuance Date shall be increased to the number that is the difference between (I) $5,000,000 divided by the arithmetic average of the Weighted Average Price of the Common Stock during the thirty (30) Trading Days immediately preceding the second (2 nd) month anniversary of the Issuance Date and (II) [Insert 50% of the number of Common Shares (as defined in the Securities Purchase Agreement) issued to the Holder pursuant to the... Securities Purchase Agreement] View More

Maximum Eligibility Number. Initially a number of shares equal to 75% of the number of Common Shares (as defined in the Amended Securities Purchase Agreement) issued to the Holder on the Issuance Date and shall be successively increased (but not decreased) upon each exercise of the Holder's Series B Warrants (as defined in the Amended Securities Purchase Agreement) by an amount equal to 75% of the number of shares of Common Stock issued upon each such exercise of the Series B Warrants

Maximum Eligibility Number. Means initially 257,778 and shall be increased, as necessary, upon the initial issuance of Additional Notes (as defined in the Securities Purchase Agreement) to the Holder (or its successor or designee, as applicable) by such aggregate number of shares of Common Stock equal to one-third (1/3) of the number of shares of Common Stock issuable upon exercise, in full, of such Additional Notes (assuming, for such purposes, that no limitations on conversion of such Additional Notes then exist and... such conversion occurs as of the closing of the Principal Market immediately prior to the Additional Closing Date (as defined in the Securities Purchase Agreement). View More