Examples of Purchase Amount Fraction in a sentence
The Company shall cause to be issued to the Investor up to 230,838 shares of Common Stock (the “Additional Commitment Shares” and, collectively with the Initial Commitment Shares, the “Commitment Shares”), as follows: in connection with each purchase of Purchase Shares representing the first Five Million Dollars ($5,000,000) of the Purchase Amount hereunder, the Company shall issue to the Investor a number of shares of Common Stock equal to the product of (i) 230,838 and (y) the Purchase Amount Fraction.
In connection with each purchase of Purchase Shares hereunder, the Company agrees to issue to the Investor a number of shares of Common Stock (the “Additional Commitment Shares” and together with the Initial Commitment Shares, the “Commitment Shares”) equal to the product of (x) 164,675 and (y) the Purchase Amount Fraction.
In connection with each purchase of Purchase Shares hereunder, the Company agrees to issue to the Buyer a number of shares of Common Stock (the "Additional Commitment Shares" and together with the Initial Commitment Shares, the "Commitment Shares") equal to the product of (x) 139,535 and (y) the Purchase Amount Fraction.
The Company shall cause to be issued to the Investor up to 113,206 shares of Common Stock (the “Additional Commitment Shares” and, collectively with the Initial Commitment Shares, the “Commitment Shares”), as follows: in connection with each purchase of Purchase Shares (other than the Initial Purchase Shares) hereunder, the Company shall issue to the Investor a number of shares of Common Stock equal to the product of (i) 113,206 and (y) the Purchase Amount Fraction.
Expenditures may not legally exceed the appropriations at the fund level.