definiens: means ( i ) during the ﬁve year period commencing with the Eﬀectiveness of this Agreement, any Stock Issuance providing gross proceeds not exceeding ( A ) when taken together with the gross proceeds from all other Stock Issuances being consummated simultaneously with such issuance or previously consummated during such ﬁve year period ( including Stock Issuances pursuant to the Subscription Agreement ), $ 700,000,000, or ( B ) when taken together with the gross proceeds from all other Stock Issuances being consummated simultaneously with such issuance or previously consummated during such ﬁve year period ( excluding Stock Issuances pursuant to the Subscription Agreement ), $ 400,000,000 and ( ii ) during each subsequent ﬁve year period, any Stock Issuance providing gross proceeds not exceeding ( A ) when taken together with the gross proceeds from all other Stock Issuances being consummated simultaneously with such issuance or previously consummated during such ﬁve year period ( including Stock Issuances pursuant to the Subscription Agreement ), the aggregate of ( 1 ) $ 400,000,000 plus ( 2 ) if positive, the the aggregate of ( 1 ) $ 400,000,000 plus ( 2 ) if positive, the Subscription Amount ( as deﬁned in the Subscription Agreement ) as of the commencement of such period less $ 200,000,000 or ( B ) when taken together with the gross proceeds from all other Stock Issuances being consummated simultaneously with such issuance or previously consummated during such ﬁve year period ( excluding Stock Issuances pursuant to the Subscription Agreement ), $ 400,000,000