Examples of Commitment Shares in a sentence
The Company further acknowledges that its obligation to issue Commitment Shares upon execution of this Agreement is absolute and unconditional regardless of the dilutive effect that such issuance may have on the ownership interests of other stockholders of the Company.
Such Purchaser understands that the Purchased Securities and Commitment Shares are “restricted securities” and have not been registered under the Securities Act or any applicable state securities law.
Within 30 days of Closing, the Company shall file a registration statement with the SEC on Form S-1 to register all Conversion Shares, Warrant Shares, and Commitment Shares, in accordance with the Registration Rights Agreement executed in conjunction with this Agreement.
At the time such Purchaser was offered or otherwise purchased or acquired the Purchased Securities and the Commitment Shares, it was, and as of the date hereof it is, and on each date on which it converts the Notes or otherwise acquires Issuable Securities it is and will be, a sophisticated investor accustomed to transactions like the purchase of the Notes hereunder and an “accredited investor” as defined under the Securities Act and the Regulations thereunder.
Subject to the satisfaction (or written waiver) of the conditions set forth in Section 7 and Section 8 below, the date of the sale and issuance of the Commitment Shares, the Note and the Warrant constituting the Investment pursuant to this Agreement (the “Closing Date”) shall be the Execution Date.