Examples of Commitment Shares in a sentence
The Commitment Shares, when issued in accordance with the terms of this Agreement will be validly issued, fully paid and non-assessable and free from all taxes, liens and charges with respect to the issuance thereof.
All of such outstanding shares of capital stock of the Company, the Conversion Shares, the Warrant Shares, and Commitment Shares are, or upon issuance, will be duly authorized, validly issued, fully paid and non-assessable.
All of the Conversion Shares, Warrant Shares, and Commitment Shares shall be deemed “Registrable Securities” subject to the provisions of this Exhibit B.
Pursuant to the Purchase Agreement, the Company also has entered into a Registration Rights Agreement, of even date with the Purchase Agreement with the Investor (the “Registration Rights Agreement”) pursuant to which the Company agreed, among other things, to register the Conversion Shares, Warrant Shares, and Commitment Shares under the Securities Act of 1933, as amended (the “Securities Act”).
As consideration for entering into this Agreement, on the date of the initial Closing the Company shall issue to the Lead Investor the Commitment Shares, which will be deemed fully earned on such date as such fee is paid and such Commitment Shares are issued.