Examples of Initial Commitment Fee in a sentence
In consideration for entering into this agreement, the Company is required to issue an Initial Commitment Fee in the amount of Forty Thousand Dollars ($40,000) in shares of common stock valued at the closing VWAP price as of the close one business day immediately prior to the signing of the final documents to Investor.
The OECD’s 2018 regulatory policy outlook55 ranks the Commission highly in the areas of consultation, evaluation and impact assessment and higher than any Member State.
The Initial Commitment Fee Shares shall be evidenced by an original share certificate duly executed and validly issued and delivered by the Company to the Purchaser, representing 1,650,000 shares of Common Stock of the Company.
The Company shall have paid the Initial Commitment Fee by issuance of the Initial Commitment Shares to an account designated by the Investor, in accordance with Section 12.04, all of which Initial Commitment Fee shall be fully earned and non-refundable, regardless of whether any Advance Notices are made or settled hereunder or any subsequent termination of this Agreement.
In the event of a prepayment in full and termination of all Commitments hereunder, such prepayment shall be accompanied by all accrued and unpaid interest and Undrawn Commitment Fees thereon plus the Remaining Initial Commitment Fee, as set forth in Section 2.04.