Examples of Capital Commitment Agreement in a sentence
If GEM fails to invest pursuant to the terms of the Capital Commitment Agreement, the fee will not be payable by THC.
The Company has entered into a Capital Commitment Agreement with GEM Global Yield Fund LLC SCS (“GEM”) for a $10,000,000 capital commitment.
Section 154-1 of the Regulations of the Commissioner of Education define pupils with limited English proficiency or English Language Learners as students who by reason of foreign birth or ancestry, speak a language other than English and (i) either understand and speak little or no English; or (ii) score below a State designated level of proficiency as set forth in the Regulations.
The admission of any transferee as a substituted Limited Partner will be effective upon the execution and delivery by, or on behalf of, the substituted Limited Partner of this Agreement or an instrument that constitutes the execution and delivery of this Agreement as well as of a Subscription and Capital Commitment Agreement.
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.
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.
In the event that any provision of this Subscription and Capital Commitment Agreement is held to be invalid or unenforceable in any jurisdiction, such provision shall be deemed modified to the minimum extent necessary so that such provision, as so modified, shall no longer be held to be invalid or unenforceable.
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.
Furthermore, in the event of any such modification, invalidity or unenforceability, this Subscription and Capital Commitment Agreement shall be interpreted so as to achieve the intent expressed herein to the greatest extent possible in the jurisdiction in question and otherwise as set forth herein.
THC has the right to draw down under the Capital Commitment Agreement for a term of two years.