Commitment Fee Shares definition

Commitment Fee Shares shall have the meaning set forth in Section 13.04.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Commitment Fee Shares means any shares of Common Stock issued to Investor in payment of the Commitment Fee.

Commitment Fee Shares shall have the meaning assigned to such term in Section 4.12(d).

Examples of Commitment Fee Shares in a sentence

• When so requested, and following such Rule 144 Holding Period and delivery of any required documents from the Investor, the Company will ensure that its legal counsel provides the Investor with a Rule 144 legal opinion regarding the Commitment Fee Shares.

• Notwithstanding anything in this Agreement the contrary, during the Commitment Period, the Investor covenants and agrees that the aggregate number of Commitment Fee Shares it is permitted to sell on any Trading Day shall be limited to an amount not to exceed 20% of the Daily Value Traded of the Ordinary Shares for the Trading Day immediately preceding the date of any such sale.

• The Company may terminate this Agreement effective upon five (5) Trading Days’ prior written notice to the Investor; provided that (i) there are no outstanding Advance Notices, the Ordinary Shares in respect of which has yet to be issued, and (ii) the Company has paid all amounts owed to the Investor pursuant to this Agreement including, without limitation, all Commitment Fee Shares.

• Within three (3) business days of the Effective Date or the expiration of the Rule 144 Holding Period, whichever occurs first, the Company and its counsel shall deliver an instruction letter and opinion of counsel to remove any restrictive legends applicable to the Commitment Fee Shares, allowing the Commitment Fee Shares to be freely tradeable and transferable.

More Definitions of Commitment Fee Shares

Commitment Fee Shares means 500,000 restricted shares of the Company’s Common Stock to be issued to the Investor upon entry into this Agreement.

Commitment Fee Shares has the meaning given to such term in Section 1.5 hereof.

Commitment Fee Shares means, collectively, (A) 125,000 restricted shares of HOFREC Common Stock, which were issued to Lender on or about March 1, 2022, and (B) an additional 225,900 restricted shares of HOFREC Common Stock, which were issued to Lender on or about December 22, 2022.

Commitment Fee Shares means, collectively, (i) the shares of Common Stock issued to ▇▇▇▇▇▇, SCANA and other Holders on the Closing Date pursuant to the Purchase Agreements and (ii) any securities paid, issued or distributed in respect of any shares of Common Stock referred to in clause (i) by way of stock dividend or distribution or stock split or in connection with a combination of shares, recapitalization, reorganization, merger, consolidation or otherwise.

Commitment Fee Shares as defined in Section 2.6(a).

Commitment Fee Shares means freely tradable and legend free shares of Common Stock issued in payment of the Commitment Fee. “Common Shares” includes the Warrant Shares, the Additional Investment Shares, and any Commitment Fee Shares.

Commitment Fee Shares means the shares of Common Stock issued to Lanier, SCANA and other Holders on the Closing Date pursuant to the Purchase Agreements.