Initial Purchase Notice definition

Initial Purchase Notice means, with respect to the Initial Purchase made pursuant to Section 2(a) hereof, as applicable, an irrevocable written notice from the Company to the Investor directing the Investor to buy the Initial Purchase Amount of Initial Purchase Shares as specified by the Company therein at the Initial Purchase Price within 30 days of the Commencement Date.

Initial Purchase Notice means a written notice from Company, substantially in the form of Exhibit A hereto, to the Investor setting forth the Purchase Notice Shares which the Company requires the Investor to purchase pursuant to the terms of this Agreement.

Initial Purchase Notice means a purchase notice delivered to the Investor by the Company pursuant to Section 2(a), which, for the avoidance of confusion, may not be delivered more than once.

Examples of Initial Purchase Notice in a sentence

• The Closing of the Initial Purchase Notice shall occur one (1) Business Day following the Initial Purchase Valuation Period (the “Initial Purchase Closing Date”), whereby the Investor shall deliver to the Company, by 5:00 p.m. New York time on the Initial Purchase Closing Date, the Initial Purchase Investment Amount by wire transfer of immediately available funds to an account designated by the Company.

• An Initial Purchase Notice shall be deemed delivered on the Business Day (i) the Initial Purchase Notice Form is received prior to 9:00 a.m. New York time by email by the Investor and (ii) the DWAC of the applicable Purchase Notice Shares has been initiated and completed as confirmed by the Investor’s Designated Brokerage Account prior to 9:00 a.m. New York time (the “Initial Purchase Notice Date”).

• The Company shall deliver the Purchase Notice Shares as DWAC Shares to the Designated Brokerage Account alongside the delivery of the Initial Purchase Notice.

• If the Initial Purchase Notice Form is received after 9:00 a.m. New York time or the DWAC of the applicable Purchase Notice Shares has not been completed as confirmed by the Investor’s Designated Brokerage Account by 9:00 a.m. New York time, then the next Business Day shall be the Initial Purchase Notice Date, unless waived by Investor in writing.

• At any time during the Commitment Period, except as provided in this Agreement, provided that the Company has not delivered a Rapid Purchase Notice, VWAP Purchase Notice, or an Initial Purchase Notice to the Investor, the Company may deliver an Initial Purchase Notice to Investor, subject to satisfaction of the conditions set forth in Article VII and otherwise provided herein.

More Definitions of Initial Purchase Notice

Initial Purchase Notice shall have the meaning assigned to such term in the recitals hereof.

Initial Purchase Notice means the closing of a purchase and sale of shares of Common Stock as described in Section 2.2.

Initial Purchase Notice means, with respect to the Initial Purchase pursuant to Section 2(a) hereof, an irrevocable written notice delivered by the Company to the Investor promptly following the Commencement on the Commencement Date, so that it is received by the Investor not later than 4:15 p.m., Eastern time, on the Commencement Date (confirmation of which shall be provided by the Investor to the Company promptly upon such receipt), directing the Investor to buy the Initial Purchase Shares at the Initial Purchase Price, calculated in accordance with this Agreement and specified by the Company therein, on the Commencement Date.

Initial Purchase Notice means the first Purchase Notice from the Company to the Investor.