Commitment Shares Issued Clause Samples
The 'Commitment Shares Issued' clause defines the obligation of one party, typically the issuer, to provide a specified number of shares to another party as part of fulfilling a contractual commitment. In practice, this clause outlines when and how these shares are to be issued, such as upon execution of an agreement or upon meeting certain milestones, and may specify the class and value of shares involved. Its core function is to ensure that the recipient receives equity as agreed, thereby formalizing the transfer of shares and providing assurance of the issuer's commitment under the contract.
Commitment Shares Issued. The Company shall have caused its Transfer Agent to issue and deliver to the Investor, not later than 4:00 p.m. New York City time on the Trading Day immediately following the Effective Date, a certificate or book-entry statement representing the Commitment Shares in the name of the Investor or its designee (in which case such designee name shall have been provided to the Company not later than two (2) Trading Days prior to the Effective Date), in consideration for the Investor’s execution and delivery of this Agreement, which certificate or book-entry statement shall be delivered to the Investor by overnight courier at its address set forth in Section 10.4 hereof.
Commitment Shares Issued. The Company shall have caused the Transfer Agent to credit the Investor’s or its designee’s account at DTC as DWAC Shares the Initial Commitment Shares issued to the Investor pursuant to Section 9.1(ii) hereof.
Commitment Shares Issued. The Company shall have caused the Transfer Agent to credit the Investor or its designee the Initial Commitment Shares in the form of a certificate or book-entry statement, in the name of the Investor or its designee.
Commitment Shares Issued. [Intentionally omitted].
Commitment Shares Issued. The Company shall have caused its transfer agent to issue and deliver to the Investor, not later than 4:00 p.m. (New York City time) on the Trading Day on which the Initial Registration Statement is initially filed by the Company with the Commission, and in no event later than 4:00 p.m. (New York City time) on the Filing Deadline for the Initial Registration Statement as set forth in the Registration Rights Agreement, one or more certificate(s) or book-entry statement(s) representing the Commitment Shares in the name of the Investor or its designee (in which case such designee name shall have been provided to the Company prior to the date of issuance of such Commitment Shares). Such certificate or book-entry statement shall be delivered to the Investor by email or overnight courier at its address set forth in Section 10.4. On or prior to the Commencement Date, the Company shall have caused its transfer agent to credit the Investor’s or its designee’s account at DTC as DWAC Shares, in accordance with Section 10.1(iv), such number of shares of Common Stock equal to the number of Commitment Shares previously issued to the Investor in certificated or book-entry form pursuant to Section 10.1(ii) hereof.
Commitment Shares Issued. The Company shall have caused the Company’s Transfer Agent to issue to the Investor or its designee a number of shares of Common Stock equal to the number of Commitment Shares issued to the Investor pursuant to Section 10.1(ii) hereof.