Maximum Eligibility Number

Example Definitions of "Maximum Eligibility Number"
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 Arrow
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 Arrow
Maximum Eligibility Number. Initially ______________ (_____________)2 and such number shall be increased each time the Holder releases cash from the Holder's Master Restricted Account to the Company, by a number of shares of Common Stock equal to the Maximum Eligibility Increase Factor
Maximum Eligibility Number. Initially, 1,500,000 shares of Common Stock (as adjusted pursuant to Section 2 (other than Section 2(b)), and such number shall be increased (but not decreased) (i) on each Adjustment Date, by the applicable Reset Share Amount and (ii) upon the later of (a) the Nasdaq Adjustment, if any, and (b) June ___, 2021, by 1% of the Maximum Eligibility Number (as such date) for every $0.025 (as adjusted for stock splits, stock dividends, recapitalizations, reorganizations, reclassification,... combinations, reverse stock splits, or other similar events related to the Common Stock occurring after the Subscription Date) increase in the Exercise Price as a result of the Nasdaq Adjustment, if any (such percentage to be prorated for increases of less than $0.025 (as adjusted for stock splits, stock dividends, recapitalizations, reorganizations, reclassification, combinations, reverse stock splits, or other similar events related to the Common Stock occurring after the Subscription Date)) View More Arrow
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