Commitment Amount definition
Examples of Commitment Amount in a sentence
The number of Commitment Fee Shares issued shall (i) be equal to 1.5% of the Commitment Amount divided by the lowest one-day VWAP during the five (5) Trading Days immediately preceding the entry into this Agreement, and (ii) bear a standard restrictive legend.
As of the Amendment No. 4 Effective Date, the 2028 KU Commitment Amount of each 2028 Revolving Lender is the amount set forth in the table under the heading “2028 KU Commitments” opposite such 2028 Revolving Lender’s name on Appendix A3 (it being understood and agreed that Appendix A3 hereto may be replaced by the Borrower and the Administrative Agent to reflect the actual 2028 KU Commitment Amount as of the KU Designated Borrower Effective Date).
In consideration for the parties mutual covenants and agreements contained herein and their respective execution and delivery of this Agreement, upon the execution and delivery of this Agreement, the Company shall issue or cause to be issued to the Investor as a commitment fee on the date hereof, such number of Ordinary Shares having an aggregate value of 1.5% of the Commitment Amount (the “Commitment Fee Shares”).
For the avoidance of doubt, from the KU Designated Borrower Effective Date, the 2028 KU Commitment Amount shall constitute a part of the Commitments.
If the value of the Shares delivered to the Investor causes the Company to exceed the Commitment Amount, then the Investor shall return to the Company the surplus amount of Shares associated with such Advance.