commencement definition
Examples of commencement in a sentence
The right of the Company to commence delivering VWAP Purchase Notices under this Agreement, and the obligation of the Investor to accept VWAP Purchase Notices delivered to the Investor by the Company under this Agreement, are subject to the initial satisfaction, at the time of Commencement, of each of the conditions set forth in this Section 6.2.
The Company has made available via ▇▇▇▇▇ true and correct copies of the Company’s Second Amended and Stated Memorandum and Articles of Association, as in effect on the Commencement Date (the “Charter”).
The final Prospectus included in any New Registration Statement and in any post-effective amendment thereto, and any Prospectus Supplement thereto, required to be filed by the Company with the Commission pursuant to Section 1.3 and the Registration Rights Agreement after the Commencement Date and prior to the applicable VWAP Purchase Date (as applicable), shall have been filed with the Commission in accordance with Section 1.3 and the Registration Rights Agreement.
As of the Commencement Date, the Company shall have reserved out of its authorized and unissued Ordinary Shares, 20,000,000 Ordinary Shares solely for the purpose of effecting VWAP Purchases.
On the Commencement Date, the Investor shall have received the opinion and negative assurances from outside counsel to the Company, dated the Commencement Date, in the forms mutually agreed to by the Company and the Investor prior to the date of this Agreement.