Examples of Capital Commitment Agreement in a sentence
Other activities occurring since the last Planning Board briefing include: COG ACTIONSOn July 16, 2004, the Metropolitan Washington Council of Governments (COG) Transportation Planning Board (TPB) was advised by its staff that the draft air quality conformity analysis, the draft 2004 CLRP and the draft FY 2005-2010 TIP scheduled to be released for public comment and inter-agency review July 21, 2004 will be delayed until September 2004.
This transaction is pursuant to the Capital Commitment Agreement dated 4 September 2015 between the Company, GEM Global Yield Fund LLC SCS and GEM Investments America LLC, and the Master Deed for Share Lending Transactions dated 30 March 2016 between MFW and GEM Global Yield Fund LC SCS.
The agent warrants’ exercise price is subject to repricing to 105% of the market price in the event that THC’s market price is less than 90% of the exercise price on the first anniversary of the date of the Capital Commitment Agreement.
The Company has entered into a Capital Commitment Agreement with GEM Global Yield Fund LLC SCS (“GEM”) for a $10,000,000 capital commitment.
If GEM fails to invest pursuant to the terms of the Capital Commitment Agreement, the fee will not be payable by THC.
The Company entered into a Capital Commitment Agreement GEM to invest with GEM Global Yield Fund LLC SCS (“GEM”) for a $10 million capital commitment from into THC.
On February 12, 2022, the Company announced it had entered into a Capital Commitment Agreement (“Agreement”) with LDA Capital Limited (“LDA Capital”) a global investment group, to provide the Company upto C$10 million in committed equity capital (the “Total Commitment”).
CAPITAL COMMITMENTS (continued) GEM Global Yield Fund LLC SCS (continued) The Company entered into a promissory note to pay GEM a commission fee of $225,000 upon the earliest of: (1) the closing of a private placement (in an amount equal to 15% of the proceeds of placements until the full amount of the fee is paid); (2) 18 months from the date of the Capital Commitment Agreement; or (3) a change of control of THC.
These terms and conditions of issue must be interpreted in the same way as the Capital Commitment Agreement under which the Option was issued.
As part of the transaction, THC agreed to issue 6,635,000 common share purchase warrants (“agent warrants”) to GEM, subject to the terms and conditions of the Capital Commitment Agreement.