Drawdown Shares definition

Drawdown Shares means the shares of Common Stock issuable pursuant to a Drawdown.

Drawdown Shares means that number of shares of Preferred Stock determined by dividing (X) the product of (i) 0.06 and (ii) the original principal amount of each Growth Capital Loan advanced to Company by Lender, by (Y) $0.80. All references in this Warrant to “Warrant Shares” shall mean and include the Initial Shares and any Drawdown Shares issuable upon exercise of this Warrant, and any shares of Company’s Common Stock (the “Common Stock”) or other securities issued upon conversion of such shares. If in any case such number includes a fraction, the fraction shall be rounded down to the closest integral number. As soon as reasonably practicable after the occurrence of the latest event or condition necessary to determine the actual number of Warrant Shares, Company shall execute and deliver a supplement to this Warrant in substantially the form of Exhibit “C” attached hereto, completed with such quantity term and other information as has been determined as a result of the occurrence of such events or conditions. The provisions of such supplement, once completed and executed, shall control the interpretation and exercise of this Warrant; provided, however, that the failure of Company to deliver such supplement shall not affect the rights of Holder of this Warrant to receive the number and type of shares of Preferred Stock as set forth herein. The Stock Purchase Price and the number of Warrant Shares are subject to further adjustment as provided in Section 4. This Warrant is subject to the following additional terms and conditions:

Drawdown Shares means the shares of Parent Series B Preferred Stock purchased by the WCAS Securityholders pursuant to Section 8.21.

Examples of Drawdown Shares in a sentence

• In case the Company shall not deliver the Drawdown Shares to the Buyer through DWAC, and instead issue a new stock certificate, such certificate shall be shipped by over-night courier to an address indicated by the Buyer on the Settlement Statement.

• During any Trading Day during the Drawdown Pricing Period sales of Drawdown Shares pursuant to the Registration Statement shall not be suspended by the Company for more than 3 hours, in the aggregate.

• The Company further agrees, if the Company applies to have the Common Stock traded on any other Trading Market, it will include in such application all of the Drawdown Shares and the Shares and will take such other action as is necessary to cause all of the Drawdown Shares and the Shares to be listed on such other Trading Market as promptly as possible.

• The Company hereby agrees to use best efforts to maintain the listing of the Common Stock on a Trading Market, and as soon as reasonably practicable following the Initial Closing (but not later than the Effective Date) to list all of the Drawdown Shares and the Shares on such Trading Market.

• Upon the Company electronically delivering such Drawdown Shares to the DTC account of the Buyer, or its designees, via DWAC by 9:30 a.m. ET, the Buyer shall, on the same day (or the next Business Day if such day is not a Business Day) wire transfer immediately available funds to the Company’s bank account, as designated by the Company in the Settlement Statement, for the amount of the Investment Amount of such Drawdown Shares.

More Definitions of Drawdown Shares

Drawdown Shares shall have the meaning provided in the Section 1(g) of this Agreement.

Drawdown Shares has the meaning attributed to such term in the Existing Credit Agreement;

Drawdown Shares means shares of Common Stock to be issued to Sxxxxxxx by the Company pursuant to Section 2.1, and includes any additional Shares issued in respect of those Shares.

Drawdown Shares means all shares of Common Stock purchased by the Purchaser from time to time pursuant to this Agreement other than the Initial Shares, Warrant Shares and Adjustment Shares.

Drawdown Shares means 28,500 fully paid Shares issued to the Lender for nil consideration on the date the Lender has advanced to the Borrower the first US$3,000,000 under this Agreement;

Drawdown Shares has the meaning attributed to that term in Section 2.10;

Drawdown Shares. 19,000 fully paid Shares issued to the Lender for nil consideration on the date of delivery by the Borrower of the first Drawdown Notice under the terms of this Agreement;