Drawdown Shares definition

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

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

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

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 obligation hereunder of the Buyer to perform its obligations under this Agreement and to purchase the Drawdown Shares is subject to the satisfaction or waiver, at or before the Initial Closing, of each of the conditions set forth below.
Anything in this Agreement or elsewhere herein to the contrary notwithstanding, it is understood and acknowledged by the Company that Buyer has neither been asked to agree, nor has Buyer agreed, to desist from purchasing or selling long securities of the Company, including, without limitation, during the periods that the value of the Drawdown Shares deliverable in connection with a Drawdown are being determined.
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.
On the day on which Drawdown Shares shall be issued pursuant to a Drawdown Notice, the par value of the Common Stock shall not be higher than the Purchase Price.

More Definitions of Drawdown Shares

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

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

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

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. 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;

Drawdown Shares has the meaning given in clause 3. Drawing means an exercise by the Company of its entitlement under this agreement to require GEM to subscribe for (or to cause another person to subscribe for) Shares on the terms and conditions of this agreement and ‘Drawdown’ has an equivalent meaning.