Commitment Shares definition

Commitment Shares shall have the meaning set forth in Section 12.04.

Commitment Shares means 302,634 shares of duly authorized, validly issued, fully paid and non-assessable shares of Common Stock which, concurrently with the execution and delivery of this Agreement on the Closing Date, the Company has caused its transfer agent to issue and deliver to the Investor not later than 4:00 p.m. (New York City time) on the third (3rd) Trading Day immediately following the Closing Date.

Commitment Shares means, collectively, the Initial Commitment Shares and the Additional Commitment Shares.

Examples of Commitment Shares in a sentence

• As consideration for its irrevocable commitment to purchase our common stock under the Purchase Agreement, we have issued to Keystone Capital ________ shares of our common stock as Commitment Shares in accordance with the Purchase Agreement.

• In the event of a termination of this Agreement prior to the 90th calendar day or 180th calendar day following the Commencement Date, any unpaid Commitment Shares shall be paid at that date.

• The Commitment Shares shall constitute Registrable Securities and shall be included in the New Registration Statement and any post-effective amendment thereto, and the Prospectus included therein and, if necessary to register the resale thereof by the Investor under the Securities Act, in any New Registration Statement and any post-effective amendment thereto, in each case in accordance with this Agreement and the Registration Rights Agreement.

• The Commitment Shares (not including the Back End Commitment Shares) shall be included in the initial Prospectus Supplement to be freely tradable and transferable and without restriction on resale and without any stop transfer instructions maintained against the transfer thereof.

• On the ninetieth (90) calendar day following the Closing Date, the Company shall deliver irrevocable instructions to the Transfer Agent to issue to the Investor, not later than 4:00 p.m. (New York City time) on such date, as DWAC Shares, such that they are credited to the Investor’s or its designee’s specified DWAC account with DTC under its FAST Program, the First Back End Commitment Shares.

More Definitions of Commitment Shares

Commitment Shares shall have the meaning set forth in Section 9.10(i).

Commitment Shares shall have the meaning ascribed to it in the Investment Agreement.

Commitment Shares means the shares of Common Stock to be issued by the Company to the Purchaser pursuant to Section 2.1.

Commitment Shares has the meaning set forth in Section 5(e).

Commitment Shares means the 110,000 shares of the Restricted Company’s common stock as a commitment fee hereunder, issued to the Investor or Investor’s designee.

Commitment Shares means the 450,000 shares of duly authorized, validly issued, fully paid and non-assessable Common Stock which, concurrently with the execution and delivery of this Agreement on the Closing Date, the Company has 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 Closing Date.

Commitment Shares means, collectively, the Initial Commitment Shares and the Additional Commitment Shares (if any).