Subscription Obligation definition

Subscription Obligation has the meaning specified in Section 2.1(a).
Subscription Obligation is defined in Section 2.2.
Subscription Obligation shall have the meaning given to such term in the Subscription Agreement.

Examples of Subscription Obligation in a sentence

  • Subject to the foregoing conditions and in accordance with Section 3.1, the Company will sell and the Investors will purchase, prior to or upon consummation of an IPO, Series A Shares representing any remaining Subscription Obligation.

  • The Company may, with the consent of the Investor, also disclose, in connection with this offering or the operations of the Company, the name and amount of the Investor’s Subscription Obligation.

  • For example, over a nine-year period, 97% of the students in level 5 math in 10th grade are white or Asian.

  • Capital requirements of the FCCL Oil Sands Partnership will be funded, to the extent available, with amounts paid by ConocoPhillips (Canada) to the FCCL Oil Sands Partnership on account of the ConocoPhillips (Canada) Subscription Obligation.

  • The term "Additional Preferred Stock Subscription Obligation" shall mean, as to any Purchaser, the obligation to purchase additional shares of Series B Preferred Stock pursuant to Section 3.1 in an amount set forth opposite each Purchaser on Exhibit A attached hereto, each such share to be purchased at a purchase price of $7.00 per share.

  • Within 15 days after the receipt of such notice, each Shareholder that wishes to subscribe for and purchase its allocated shares of such New Shares shall execute and deliver to the Company, with a copy delivered to the other Shareholder, a subscription agreement by which such Shareholder obligates itself to purchase all or a portion of its allocated share of such New Shares at the price per share set forth in the Board's notice (the "Subscription Obligation").

  • No such request shall be made which would require a Purchaser to purchase pursuant to its Additional Preferred Stock Subscription Obligation less than a whole share of Series A Preferred Stock.

  • The existence of any one badge is not dispositive, but the existence of several badges is persuasive circumstantial evidence of fraud.

  • The Company and each of the Investors will become parties to a subscription agreement on the following terms: Subscription Obligation The Investors have agreed to subscribe for 240,000,000 Shares.

  • Except for each Purchaser's Additional Preferred Stock Subscription Obligation and shares of Common Stock issuable pursuant to the Option Plan and the Founders' Warrants, there are no outstanding rights (either preemptive or other) or options to subscribe for or purchase from the Company, or any warrants or other agreements providing for or requiring the issuance by the Company of, any capital stock or any securities convertible into or exchangeable for, or exercisable into, its capital stock.


More Definitions of Subscription Obligation

Subscription Obligation means the obligation of a Subscription Member to contribute capital to the Company.

Related to Subscription Obligation

  • Subscription Amount means, as to each Purchaser, the aggregate amount to be paid for Shares and Warrants purchased hereunder as specified below such Purchaser’s name on the signature page of this Agreement and next to the heading “Subscription Amount,” in United States dollars and in immediately available funds.

  • Subscription Price has the meaning set forth in Section 2.1.

  • Subscription Fee means the Fees payable by IPTV Operator to ZEEL for availing the signals of Zee Group Channels on a monthly basis and calculated as “ZEEL’s Share of MRP” multiplied by average active subscribers for any given month.

  • Subscription Rights means the right to participate in the Rights Offering.

  • Subscription Notice has the meaning set forth in Section 1.1.

  • subscription payments recurring payments” “reference transactions” "preauthorized transfers" or "preapproved payment." You can cancel your billing agreement at any time in your account interface or by contacting us. Where a payment under that billing agreement is scheduled to be made before the end of the next Business Day after you tell us to cancel it, we may cancel your billing agreement after that payment has been made. If you cancel a billing agreement, you may still owe the recipient money for goods or services that you have received but have not paid for. If we determine currency conversion is necessary for a billing agreement payment, and we perform the conversion, we will use the transaction exchange rate in effect at the time the payment is processed. The transaction exchange rate for each payment transaction may vary. We may allow the recipient of your payment to: • Refuse to accept it. • Decide to accept it and then use our service to send you a refund of all or any part of the amount of the payment later. We will return the amount of any refused payment or refunded payment to your Balance. We will return the amount of an unclaimed payment to your balance within 30 days after the date you initiated the payment. If any amount of any payment is returned to you in any of the ways outlined above, we may convert the returned amount for you into either: • The currency of the balance you used for the original payment (before any conversion into the currency received by the recipient happened). • The opening currency of your account. • US dollars (opening a balance in that currency for you, if you don’t have one already). If the original payment you sent involved a currency conversion we will convert the returned amount from the currency received by the recipient as follows: • If the amount is returned within one day of the date of the original payment we will use our transaction exchange rate applicable on the date of the original payment, so that you receive the original amount in the original currency you converted for the original payment. • If the amount is returned after one day of the date of the original payment we will use and you agree to accept our transaction exchange rate applicable at the time of the conversion of the returned amount. The transaction exchange rate may be applied immediately and without notice to you. We may also automatically withdraw the returned amount from your Balance and transfer the funds back to the funding source you used for the original payment. Withdrawals can also involve a currency conversion – see the section on Withdrawing money above. The returned amount could be lower in value than your original payment amount. This can happen as a result of: • The recipient sending you a refund lower in value than your original payment amount. As we are only a payment service provider, we cannot know what you are entitled to from the original payment recipient as a refund or why the recipient sent the refund in a particular amount. • Transaction exchange rate fluctuations. PayPal is not responsible for any loss resulting from the recipient's decision to refuse or refund your payment, except to the extent that a refund sent by the recipient is a payment executed incorrectly by PayPal We are not liable to you for the difference between the value of your original payment and the value of the resulting refund, except to the extent that the refund is an incorrect payment (see the section on Resolving Problems).

  • Subscription Fees the Fees payable for access to the Cloud Service as set out in an Order.

  • Subscription means the capital stock of the Bank subscribed to by a member.

  • Put Price has the meaning set forth in Section 8.05(a).

  • Undersubscription Notice means written notice from an Investor notifying the Company and the selling Key Holder that such Investor intends to exercise its option to purchase all or any portion of the Transfer Stock not purchased pursuant to the Right of First Refusal or the Secondary Refusal Right.

  • Subscription Shares has the meaning ascribed to it in Section 2.1.

  • Subscription Limit means any applicable limit on the Issuer’s ability to fund newly issued ETP Securities pursuant to the terms of the LS Operating Procedures Agreement or the LS Margin Account Agreement, as may be amended from time to time.

  • Subscription Form means the form of subscription annexed hereto as Schedule “A”;

  • Termination Delivery Unit means (a) in the case of a Termination Event, an Event of Default or an Extraordinary Event (other than an Insolvency, Nationalization, Merger Event or Tender Offer), one Share or (b) in the case of an Insolvency, Nationalization, Merger Event or Tender Offer, a unit consisting of the number or amount of each type of property received by a holder of one Share (without consideration of any requirement to pay cash or other consideration in lieu of fractional amounts of any securities) in such Insolvency, Nationalization, Merger Event or Tender Offer. If a Termination Delivery Unit consists of property other than cash or New Shares and Counterparty provides irrevocable written notice to the Calculation Agent on or prior to the Closing Date that it elects to deliver cash, New Shares or a combination thereof (in such proportion as Counterparty designates) in lieu of such other property, the Calculation Agent shall replace such property with cash, New Shares or a combination thereof as components of a Termination Delivery Unit in such amounts, as determined by the Calculation Agent in its discretion by commercially reasonable means, as shall have a value equal to the value of the property so replaced. If such Insolvency, Nationalization, Merger Event or Tender Offer involves a choice of consideration to be received by holders, such holder shall be deemed to have elected to receive the maximum possible amount of cash.

  • Subscription Receipt Agreement means the agreement to be dated the Closing Date by and among the Corporation, the Cornerstones and the Subscription Receipt Agent governing the terms and conditions of the Subscription Receipts, in a form to be agreed by the Corporation and the Cornerstones, acting reasonably;

  • Subscription Agreement has the meaning set forth in the recitals.

  • Subscription Period means the duration of Customer’s authorized use of the Subscription Services as designated in the Order.

  • Redemption/Distribution Notice has the meaning set forth in paragraph 4(e) of Annex I.

  • Rights Offering Amount means $50 million.

  • Failed Remarketing Condition—Purchased VRDP Shares Redemption means redemption by the Corporation, at a redemption price equal to $100,000 per share plus accumulated but unpaid dividends thereon (whether or not earned or declared) to, but excluding, the date fixed by the Board of Directors for redemption, of shares of a Series of VRDP Shares that the Liquidity Provider shall have acquired pursuant to the Purchase Obligation and continued to be the beneficial owner of for federal income tax purposes for a continuous period of six (6) months during which such VRDP Shares are tendered for Remarketing on each Business Day in accordance with the Related Documents but cannot be successfully remarketed (i.e., a Failed Remarketing Condition-Purchased VRDP Shares shall have occurred and be continuing for such period of time with respect to such VRDP Shares), determined by the Corporation on a first-in, first-out basis, in accordance with and subject to the provisions of the Fee Agreement and these Articles Supplementary.

  • Subscription License means a particular type of license to a Software Product that allow s a Customer to use the Software Product for a specified period of time identified in the Quote. For reference, a Software Product that is a Subscription License shall have the word “Subscription” in the Software Product name and/or have the letters “SU” at the end of the product number for the Software Product.

  • Subscription Service means the ServiceNow software-as-a-service offering ordered by Customer under an Order Form, Use Authorization or other signed ordering document between ServiceNow and Customer.

  • Subscription Day means every Business Day provided that the Management Company may with the prior written consent of the Trustee and upon giving not less than seven (7) days notice in the two (2) widely circulated English and Urdu newspapers declare any particular Business Day or days not to be a Subscription Day.

  • Subscription Plan means a fixed term plan which relates to the Licensed Services as specified in the PGi Service Agreement

  • Minimum Subsequent Subscription means, in relation to the Euro RDR ‘Retail’ Hedged

  • Subscription Agreements has the meaning specified in the Recitals hereto.