Draw Down Shares definition

Draw Down Shares means the shares of Common Stock issuable pursuant to a Draw Down.
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Draw Down Shares or “Shares” shall mean the shares of Common Stock issued and issuable pursuant to a Draw Down and the shares of Common Stock issued and issuable pursuant to Section 2.2(a)(iii) and Section 4.16 hereof.
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Draw Down Shares means all shares of Common Stock issued or issuable pursuant to a Draw Down which has occurred or may occur in accordance with the terms and conditions of this Agreement.
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Examples of Draw Down Shares in a sentence

  • SHARES AND THE WARRANT SHARES The Company will allot and issue the Draw Down Shares, the Activation Shares, the Implementation Shares and the Warrant Shares pursuant to the Special Mandate which is to be sought from the Shareholders at the SGM and such shares will, upon issue, rank pari passu among themselves and with all other Shares in issue of the date of their respective allotment and issue.

  • Equity Line Facility Under the Agreement, the Company has been granted the Equity Line Facility, pursuant to which the Company may require the Purchaser to subscribe for Draw Down Shares, on the terms of the Agreement and subject to the Draw Down Conditions, for up to a maximum aggregate consideration of HK$275 million (i.e. the Maximum Investment Amount) during the Commitment Period.

  • Each Draw Down Amount will be adjusted so that the corresponding number of Draw Down Shares is an integral multiple of 2,000, being a standard board lot of Shares.

  • The Directors are of the view that any allotment and issue of Draw Down Shares and the Warrant Shares offer a good opportunity to raise additional capital of the Company and to strengthen the financial position of the Group.

  • The Company intends to apply the net proceeds from the allotment and issue of any Draw Down Shares as general working capital of the Group.

  • Application will be made by the Company to the Listing Committee of the Stock Exchange for the granting of the listing of, and permission to deal in, the Draw Down Shares, the Warrant Shares and, if any, the Activation Shares and the Implementation Shares.

  • Application will be made to the Listing Committee of the Stock Exchange for the listing of, and permission to deal in, the Draw Down Shares, the Activation Shares and the Implementation Shares.

  • As a result of entering into the Supplemental Agreement, the Special Mandate covering the allotment and issue of the Draw Down Shares, the Activation Shares and the Implementation Shares under the Agreement (as amended by the Supplemental Agreement) will be sought at the SGM.

  • Applications will be made by the Company to the Listing Committee of the Stock Exchange for the granting of the listing of, and permission to deal in, the Draw Down Shares, the Activation Shares, the Implementation Shares and the Warrant Shares.

  • The Company will allot and issue the Draw Down Shares under the Special Mandate.


More Definitions of Draw Down Shares

Draw Down Shares or "Shares" shall mean the shares of Common Stock issuable pursuant to a Draw Down. The number of Draw Down Shares shall be calculated as follows: (Amount of Draw Down)/(Initial Put Price) = the number of shares that will be delivered by the Company
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Draw Down Shares means the shares of Common Stock issuable pursuant
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Draw Down Shares means the Ordinary Shares issuable pursuant to a Draw Down.
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Draw Down Shares means the shares of Common Stock issuable pursuant to a Draw Down. “DTC” shall have the meaning assigned to such term in Section 6.1(f).
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Draw Down Shares. The Company may request a Draw Down at any time during the Commitment Period by delivering to the Purchaser a Draw Down Notice specifying a Draw Down Amount, which is subject to reduction by the Purchaser in accordance with the terms of the Agreement. The Purchaser will not be required to purchase and the Company will not be under any obligation to issue any Draw Down Shares to the extent that the purchase or issue would require the Purchaser or parties acting in concert with it to make a takeover offer for the Company under the Takeovers Code or any other applicable law. Based on the Maximum Investment Amount (i.e. HK$275 million) and the Floor Price of HK$0.5922 per Share, the maximum number of Draw Down Shares that may be allotted and issued is 464,370,000, representing approximately 44.13% of the existing issued Shares or approximately 30.62% of the issued share capital of the Company as enlarged by such Draw Down Shares. The Company will apply to the Stock Exchange for the listing of, and permission to deal in, the Draw Down Shares which may fall to be allotted and issued upon a Draw Down. Long Stop Date: The Purchaser may by notice in writing to the Company terminate the Purchaser’s obligations with respect to a Draw Down Notice if the Purchaser is not satisfied that each of the Company Obligations have been or will be satisfied by the fifth Trading Day immediately following the expiry of the relevant Draw Down Period. The Company Obligations include, among other things, a requirement on the Company to procure the listing of, and permission to deal in, the Draw Down Shares. Implementation Fee HK$750,000, which is due and payable on the third Trading Day immediately following the day on which the Company has obtained both the approval of the Shareholders to the resolution constituting in the Special Mandate and the approval of the listing committee of the Stock Exchange of the listing of and permission to deal in the Implementation Shares. The Company may, at its sole and absolute discretion, elect to pay the Implementation Fee to the Purchaser either (i) all by way of cash, or (ii) all by way of allotment and issue of the Implementation Shares, or (iii) any combination of cash and Implementation Shares. In the event that the Company elects to pay some or all of the Implementation Fee by way of the allotment and issue of Implementation Shares, the number of Implementation Shares to be allotted and issued will be determined by dividing that portion of ...
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Related to Draw Down Shares

  • Draw Down shall have the meaning assigned to such term in Section 6.1(a) hereof.

  • Purchase Shares has the meaning set forth in Section 2.5(c).

  • Put Shares means shares of Common Stock that are purchased by the Investor pursuant to a Put.

  • Draw Down Amount means the actual amount of a Draw Down paid to the Company.

  • PIPE Shares shall have the meaning given in the Recitals hereto.

  • Commitment Shares shall have the meaning set forth in Section 12.04.

  • VWAP Purchase Share Percentage means, with respect to any particular VWAP Purchase Notice pursuant to Section 1(c) hereof, the percentage set forth in the VWAP Purchase Notice which the Buyer will be required to buy as a specified percentage of the aggregate shares traded on the Principal Market during normal trading hours up to the VWAP Purchase Share Volume Maximum on the VWAP Purchase Date subject to Section 1(c) hereof but in no event shall this percentage exceed thirty percent (30%) of such VWAP Purchase Date’s share trading volume of the Common Stock on the Principal Market during normal trading hours.

  • Draw Down Notice shall have the meaning assigned to such term in Section 5.1(f) hereof.

  • Forward Purchase Shares shall have the meaning given in the Recitals hereto.

  • Conversion Shares means, collectively, the shares of Common Stock issuable upon conversion of the shares of Preferred Stock in accordance with the terms hereof.

  • Pre-Funded Warrant Shares means the shares of Common Stock issuable upon exercise of the Pre-Funded Warrants.

  • Additional Shares shall have the meaning specified in Section 14.03(a).

  • Warrant Share Delivery Date shall have the meaning set forth in Section 2(d)(i).

  • VWAP Purchase Share Volume Maximum means a number of shares of Common Stock traded on the Principal Market during normal trading hours on the VWAP Purchase Date equal to: (i) the VWAP Purchase Share Estimate, divided by (ii) the VWAP Purchase Share Percentage (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).

  • Note Shares means the shares of Common Stock issuable upon conversion of the Notes.

  • Closing Warrants shall have the meaning ascribed to such term in Section 2.1(a)(ii).

  • Draw Down Pricing Period means a period of twenty-two (22) consecutive Trading Days beginning on the date specified in the Draw Down Notice (as defined in Section 5.1(f) herein); provided, however, the Draw Down Pricing Period shall not begin before the day on which receipt of such notice is confirmed by the Purchaser.

  • Issuance Notice Date means any Trading Day during the Agency Period that an Issuance Notice is delivered pursuant to Section 3(b)(i).

  • Per Share Purchase Price equals $1.00, subject to adjustment for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions of the Common Stock that occur after the date of this Agreement.

  • Closing Shares shall have the meaning ascribed to such term in Section 2.1(a)(i).

  • Subscription Shares has the meaning ascribed to it in Section 2.1.

  • Underlying Shares means the shares of Common Stock issued and issuable upon conversion of the Preferred Stock and upon exercise of the Warrants.

  • Payment Shares has the meaning set forth in Section 2.02;

  • Purchaser Shares means the common shares in the capital of the Purchaser.

  • Subscription Settlement Date means the second Valuation Date after the Subscription Trade Date, provided that such Valuation Date is not a Disrupted Day and that such Valuation Date is both a Currency Business Day and a Clearing System Business Day.

  • Settlement Shares With respect to any Settlement Date, a number of Shares, not to exceed the Base Amount, designated as such by Party B in the related Settlement Notice or by Party A pursuant to “Termination Settlement” below; provided that on the Maturity Date the number of Settlement Shares shall be equal to the Base Amount on such date.