Examples of VWAP in a sentence
In addition, on the Trigger Date, the Exercise Price shall be reduced, and only reduced, to the lesser of (i) the then Exercise Price and (ii) 90% of the lowest VWAP for the five (5) Trading Day period immediately prior to the Trigger Date (the “Reset Exercise Price”), which shall thereafter be the new Exercise Price, subject to further adjustment hereunder, and such five (5) Trading Day period shall be referred to herein as a “Reset Measurement Period”.
The Reset Measurement Period Exercise Price for this Warrant so exercised during the Reset Measurement Period will be equal to 90% of the lowest VWAP for the period beginning on the first Trading Day of the Reset Measurement Period and ending on the trading day preceding the date of exercise (the “Reset Measurement Period Exercise Price”).