Preceding Closing Date

Preceding Closing Date. Means the close of regular hours trading on Nasdaq that immediately precedes the time of execution of this Agreement. For the avoidance of doubt, if this Agreement is executed after the time of close of trading on Nasdaq, the Preceding Closing Date shall be the date of execution, and if this Agreement is executed during regular hours trading on Nasdaq, the Preceding Closing Date shall be the date immediately preceding the date of execution.