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Draw Down Shares definition

Draw Down Shares means the shares of Common Stock issuable pursuant to a Draw Down.
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Draw Down Shares or “Shares” shall mean the shares of Common Stock issued and issuable pursuant to a Draw Down and the shares of Common Stock issued and issuable pursuant to Section 2.2(a)(iii) and Section 4.16 herein.
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Draw Down Shares means all shares of Common Stock issued or issuable pursuant to a Draw Down Notice that has been delivered in accordance with the terms and conditions of this Agreement.
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Examples of Draw Down Shares in a sentence

  • The Company has duly and validly authorized and reserved for issuance shares of Common Stock sufficient in number for the issuance of the Draw Down Shares.

  • The Draw Down Shares to be issued under this Agreement, when paid for and issued in accordance with the terms hereof, shall be duly and validly issued and outstanding, fully paid and non-assessable, and the Purchaser shall be entitled to all rights accorded to a holder of Common Stock.

  • All Draw Down Shares shall be delivered without any restrictive legends.

  • Upon receipt of such funds, the Escrow Agent shall advise the Company that it has received the funds for such Draw Down Shares.

  • Before the Company shall exercise a Draw Down, the Company shall have caused a sufficient number of shares of Common Stock to be registered to cover the Draw Down Shares to be issued in connection with such Draw Down.

  • As of the date of each applicable Draw Down Notice, the Company will have authorized and reserved, free of preemptive rights and other similar contractual rights of stockholders, a sufficient number of its authorized but unissued shares of its Common Stock to cover the Draw Down Shares to be issued in connection with such Draw Down requested under this Agreement.

  • The sale and issuance of the Draw Down Shares shall be made in accordance with the provisions and requirements of Section 4(2) of the Securities Act and any applicable state law.

  • Likewise, if a telecom carrier offers local exchange service and it has an affiliate that provides long distance service and an affiliate that provides wireless service and the customer subscribes only to the local exchange service, the carrier cannot share the CPNI derived from the provision of its local exchange service with the affiliates unless it obtains customer approval.

  • The obligation hereunder of the Purchaser to perform its obligations under this Agreement and to purchase the Draw Down Shares is subject to the satisfaction or waiver, at or before the Initial Closing, of each of the conditions set forth below.

  • The obligation hereunder of the Company to proceed to close this Agreement and to issue and sell the Draw Down Shares to the Purchaser is subject to the satisfaction or waiver, at or before the Initial Closing, and as of each Settlement Date of each of the conditions set forth below.


More Definitions of Draw Down Shares

Draw Down Shares or “Shares” shall mean the shares of Common Stock issuable pursuant to a Draw Down. The number of Draw Down Shares shall be calculated as follows: (Amount of Draw Down)/(Initial Put Price) = the number of shares that will be delivered by the Company
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Draw Down Shares means the shares of Common Stock issuable pursuant
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Draw Down Shares means the shares of Common Stock issuable pursuant to a Draw Down. “DTC” shall have the meaning assigned to such term in Section 6.1(f).
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Draw Down Shares means the Ordinary Shares issuable pursuant to a Draw Down.
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Draw Down Shares. The Company may request a Draw Down at any time during the Long Stop Date: The Purchaser may by notice in writing to the Company terminate Implementation Fee HK$750,000, which is due and payable on the third Trading Day
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Related to Draw Down Shares

  • Draw Down shall have the meaning assigned to such term in Section 6.1(a) hereof.

  • Purchase Shares has the meaning set forth in Section 2.2(a) hereof.

  • Put Shares means all shares of Common Stock issued, or that the Company shall be entitled to issue, per any applicable Put Notice in accordance with the terms and conditions of this Agreement.

  • Draw Down Amount means the actual amount of proceeds to be paid by the Purchaser in connection with a Draw Down.

  • PIPE Shares shall have the meaning given in the Recitals hereto.

  • Commitment Shares shall have the meaning set forth in Section 12.04.

  • VWAP Purchase Share Percentage means, with respect to any particular VWAP Purchase Notice pursuant to Section 1(c) hereof, the percentage set forth in the VWAP Purchase Notice which the Buyer will be required to buy as a specified percentage of the aggregate shares traded on the Principal Market during normal trading hours up to the VWAP Purchase Share Volume Maximum on the VWAP Purchase Date subject to Section 1(c) hereof but in no event shall this percentage exceed thirty percent (30%) of such VWAP Purchase Date’s share trading volume of the Common Stock on the Principal Market during normal trading hours.

  • Draw Down Notice shall have the meaning assigned to such term in Section 5.1(f) hereof.

  • Forward Purchase Shares shall have the meaning given in the Recitals hereto.

  • Conversion Shares means, collectively, the shares of Common Stock issuable upon conversion of the shares of Preferred Stock in accordance with the terms hereof.

  • Advance Shares means the Common Shares that the Company shall issue and sell to the Investor pursuant to the terms of this Agreement.

  • Pre-Funded Warrant Shares means the shares of Common Stock issuable upon exercise of the Pre-Funded Warrants.

  • Additional Shares shall have the meaning specified in Section 14.03(a).

  • Warrant Share Delivery Date shall have the meaning set forth in Section 2(d)(i).

  • VWAP Purchase Share Volume Maximum means a number of shares of Common Stock traded on the Principal Market during normal trading hours on the VWAP Purchase Date equal to: (i) the VWAP Purchase Share Estimate, divided by (ii) the VWAP Purchase Share Percentage (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).

  • Note Shares means the shares of Common Stock issuable upon conversion of the Notes.

  • Closing Warrants shall have the meaning ascribed to such term in Section 2.1(a)(ii).

  • Draw Down Pricing Period means a period of twenty-two (22) consecutive Trading Days beginning on the date specified in the Draw Down Notice (as defined in Section 5.1(f) herein); provided, however, the Draw Down Pricing Period shall not begin before the day on which receipt of such notice is confirmed by the Purchaser.

  • Issuance Notice Date means any Trading Day during the Agency Period that an Issuance Notice is delivered pursuant to Section 3(b)(i).

  • Per Share Purchase Price equals $1.00, subject to adjustment for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions of the Common Stock that occur after the date of this Agreement.

  • Closing Shares shall have the meaning ascribed to such term in Section 2.1(a)(i).

  • Subscription Shares has the meaning ascribed to it in Section 2.1.

  • Underlying Shares means the shares of Common Stock issued and issuable upon conversion or redemption of the Debentures and upon exercise of the Warrants and issued and issuable in lieu of the cash payment of interest on the Debentures in accordance with the terms of the Debentures.

  • Prefunded Warrant Shares means the shares of Common Stock issuable upon exercise of the Prefunded Warrants.

  • Payment Shares has the meaning set forth in Section 2.02;

  • Purchaser Shares means the common shares in the capital of the Purchaser.

Most Referenced Clauses

Most Referenced Definitions