Examples of Common Stock - ML in a sentence
In the event such certificates representing such additional shares of Common Stock - ML issuable hereunder shall not be delivered to the Lender within said three (3) Business Day period, same shall be an immediate default under this Agreement and the Loan Documents.
Borrower shall pay to Lender a fee for advisory services provided by the Lender to the Credit Parties prior to the Effective Date in the amount of Four Hundred Thousand and No/100 United States Dollars (US$400,000.00) (the “Advisory Fee”) by causing ML - Nevada to issue to Lender one hundred percent (100%) of that number of shares of Common Stock - ML equal to the Advisory Fee.
The parties hereto acknowledge that ML - Nevada has agreed to issue, simultaneously with the execution of this Agreement and in the future, certain shares of Common Stock - ML in accordance with Section 2.5(f) above.
The Lender shall confirm to Credit Parties, in writing, the VWAP for the Common Stock - ML as of the Valuation Date, and the corresponding number of Advisory Fee Shares issuable to the Lender based on such price.
The authorization and power of attorney granted hereby is coupled with an interest and is irrevocable so long as any Obligations of any Credit Parties under this Agreement or any other Loan Documents remain outstanding, and so long as the Lender owns or has the right to receive, any shares of Common Stock - ML hereunder or under the Guaranty agreement executed by ML - Nevada.
The Common Stock - ML is currently quoted by the Principal Trading Market on the OTCQB under the trading symbol “MLES”.
The Advisory Fee Shares, when issued, shall be deemed to be validly issued, fully paid, and non-assessable shares of Common Stock - ML.
For purposes of determining the number of shares issuable to Lender under this Section (the “Advisory Fee Shares”), the Common Stock - ML shall be valued at price equal to the lowest volume weighted average price for the Common Stock - ML for the five (5) Business Days immediately prior to the Effective Date (the “Valuation Date”), as reported by Bloomberg (the “VWAP”).