Actual Subscription Amount definition
Examples of Actual Subscription Amount in a sentence
Subject to the terms and conditions of this Agreement, the Company shall issue and sell to the Investor the number of Shares equal to the Actual Subscription Amount.
In the event the Actual Subscription Amount differs from the Subscription Amount, the term Aggregate Purchase Price as utilized herein shall refer to the sum derived by multiplying the Share Price by the Actual Subscription Amount.
In the event that less than the full Subscription Amount is received by the Company, the Private Entity Percentage shall be reduced to reflect the revised percentage calculated based on the Actual Subscription Amount and shall be further reduced by an amount equal to 0.035 percent as a result of the B Members’ failure to satisfy the full Subscription Amount.
In the event the Actual Subscription Amount differs from the Subscription Amount, the term Aggregate Purchase Price as utilized herein shall refer to the sum derived by multiplying the Unit Price by the Actual Subscription Amount.
Subject to the terms and conditions of this Agreement, the Investor agrees to purchase from the Company the number of Units indicated on Schedule A hereto (the "Subscription Amount") at a purchase price of $4.25 per Unit (the "Unit Price") for an aggregate purchase price indicated on Schedule A hereto (the "Aggregate Purchase Price"), such Subscription Amount indicated on Schedule A with respect to the Investor, the "Actual Subscription Amount".
For example, if the Actual Subscription Amount equals $4,700,000, the Company Percentage shall be reduced from (i) 3.4 percent to (ii) an amount equal to 3.19 percent minus 0.035 percent.
The Actual Subscription Amount with respect to each Purchaser shall have been received by the Company.
At least two days before the Closing Date, (i) each Purchaser shall deliver its Actual Subscription Amount in United States dollars and in immediately available funds by wire transfer to a third-party escrow account agreed to by the Company and the Purchasers, and (ii) each Lender shall deliver to the Company the original Note issued to such Lender by the Company pursuant to the Note Purchase Agreement.
The Actual Subscription Amount will have been released with respect to each other Purchaser in accordance with Section 2.2(c).
The actual Subscription Amount, if any, accepted by the Sellers and the Company is referred to in this Agreement as the “Actual Subscription Amount.” Subject to the terms and conditions of this Agreement, the Sellers shall sell to the Investor the number of Shares equal to the Actual Subscription Amount.