Examples of Sale Agreement in a sentence
We will pay Northland a commission equal to 3.0% of the gross offering proceeds of the shares of common stock sold pursuant to the Sale Agreement.
We have entered into a Sale Agreement, with Northland, under which we may offer and sell up to $200 million of our shares of common stock from time to time through Northland acting as agent.
On July 3, 2019, we entered into a System Sale Agreement, or the AutoLap Sale Agreement with GBIL pursuant to which we sold the inventory, spare parts, production equipment, testing equipment and certain intellectual property specifically related to the AutoLap laparoscopic vision system, or AutoLap, to GBIL for $17.0 million plus an additional equity investment in our Company by GBIL of $30.0 million.
The obligations of Northland under the Sale Agreement to sell our shares of common stock are subject to a number of conditions that we must meet.
In addition, we have agreed in the Sale Agreement to reimburse Northland for the fees and disbursements of its counsel incurred in connection with the offering contemplated by the Sale Agreement, including any review and qualification by FINRA, in an amount not to exceed $60,000 through the fourth business day following execution of the Sale Agreement, in addition to an amount up to $10,000 for each quarterly period thereafter.