Commitment Fee Shares definition

Commitment Fee Shares shall have the meaning set forth in Section 13.04.

Commitment Fee Shares means any shares of Common Stock issued to Investor in payment of the Commitment Fee.

Commitment Fee Shares means 5% (781,250 shares) of New Common Stock to be issued to and allocated among the Investor Parties as compensation for their undertakings in the Stock Purchase Agreement (or to Silver Point pursuant to the Share Purchase Agreement), subject to dilution by the New Common Stock Securities to be issued pursuant to the Management Incentive Plan.

Examples of Commitment Fee Shares in a sentence

• The Company shall have placed cash into escrow or issued the Commitment Fee Shares to GYBL pursuant to Section 4.12(a) and 4.12(d).

• The Registration Statement shall register with the Commission the Shares to be issued under the Draw Downs, the Warrant Shares and the Commitment Fee Shares (including any additional Shares issued pursuant to Section 4.12(e)(1), if applicable).

• The Commitment Fee Shares shall bear the following restrictive legend (the “Legend”): THESE SHARES ARE SUBJECT TO RESTRICTIONS ON RESALE PURSUANT TO A SHARE PURCHASE AGREEMENT AMONG THE COMPANY AND THE STOCKHOLDER, A COPY OF WHICH IS ON FILE AT THE PRINCIPAL EXECUTIVE OFFICE OF THE COMPANY.

• The Company shall use commercially reasonable efforts to cause the Legend to be removed from any Commitment Fee Shares (x) upon payment of any portion of the Commitment Fee by the Company in Common Shares pursuant to Section 4.12(a) above or (y) no later than the first anniversary of the Effective Date.

More Definitions of Commitment Fee Shares

Commitment Fee Shares means 500,000 restricted shares of the Company’s Common Stock to be issued to the Investor upon entry into this Agreement.

Commitment Fee Shares has the meaning given to such term in Section 1.5 hereof.

Commitment Fee Shares means, collectively, (A) 125,000 restricted shares of HOFREC Common Stock, which were issued to Lender on or about March 1, 2022, and (B) an additional 225,900 restricted shares of HOFREC Common Stock, which were issued to Lender on or about December 22, 2022.

Commitment Fee Shares means, collectively, (i) the shares of Common Stock issued to Xxxxxx, SCANA and other Holders on the Closing Date pursuant to the Purchase Agreements and (ii) any securities paid, issued or distributed in respect of any shares of Common Stock referred to in clause (i) by way of stock dividend or distribution or stock split or in connection with a combination of shares, recapitalization, reorganization, merger, consolidation or otherwise.

Commitment Fee Shares means any shares of Common Stock issued to Investor in payment of the Commitment Fee. The Company shall take all steps necessary to have all restrictive legends removed from the stock certificate evidencing Commitment Fee Shares prior to delivery to Investor or its designee, including without limitation causing the Company’s counsel to issue any necessary opinions to the Transfer Agent.

Commitment Fee Shares means freely tradable and legend free shares of Common Stock issued in payment of the Commitment Fee. “Common Shares” includes the Warrant Shares, the Additional Investment Shares, and any Commitment Fee Shares.

Commitment Fee Shares means the shares of Common Stock issued to Lanier, SCANA and other Holders on the Closing Date pursuant to the Purchase Agreements.