Drawdown Shares definition

Drawdown Shares means the shares of Common Stock issuable pursuant to a Drawdown.

Drawdown Shares shall have the meaning provided in the Section 1(g) of this Agreement.

Drawdown Shares means that number of shares of Preferred Stock determined by dividing (X) the product of (i) 0.06 and (ii) the original principal amount of each Growth Capital Loan advanced to Company by Lender, by (Y) $0.80. All references in this Warrant to “Warrant Shares” shall mean and include the Initial Shares and any Drawdown Shares issuable upon exercise of this Warrant, and any shares of Company’s Common Stock (the “Common Stock”) or other securities issued upon conversion of such shares. If in any case such number includes a fraction, the fraction shall be rounded down to the closest integral number. As soon as reasonably practicable after the occurrence of the latest event or condition necessary to determine the actual number of Warrant Shares, Company shall execute and deliver a supplement to this Warrant in substantially the form of Exhibit “C” attached hereto, completed with such quantity term and other information as has been determined as a result of the occurrence of such events or conditions. The provisions of such supplement, once completed and executed, shall control the interpretation and exercise of this Warrant; provided, however, that the failure of Company to deliver such supplement shall not affect the rights of Holder of this Warrant to receive the number and type of shares of Preferred Stock as set forth herein. The Stock Purchase Price and the number of Warrant Shares are subject to further adjustment as provided in Section 4. This Warrant is subject to the following additional terms and conditions:

Examples of Drawdown Shares in a sentence

• The obligation hereunder of the Buyer to perform its obligations under this Agreement and to purchase the Drawdown Shares is subject to the satisfaction or waiver, at or before the Initial Closing, of each of the conditions set forth below.

• The obligation hereunder of the Buyer to accept a Drawdown request and to acquire and pay for the Drawdown Shares is subject to the satisfaction at or before each Settlement Date, of each of the conditions set forth below.

• The Purchase Price is: $_______________ The number of Drawdown Shares Due:___________________.

• The obligation hereunder of the Company to proceed to close this Agreement and to issue and sell the Drawdown Shares to the Buyer is subject to the satisfaction or waiver, at or before the Initial Closing, and as of each Settlement Date of each of the conditions set forth below.

• During any Trading Day during the Drawdown Pricing Period sales of Drawdown Shares pursuant to the Registration Statement shall not be suspended by the Company for more than 3 hours, in the aggregate.

More Definitions of Drawdown Shares

Drawdown Shares means the shares of Parent Series B Preferred Stock purchased by the WCAS Securityholders pursuant to Section 8.21.

Drawdown Shares has the meaning attributed to such term in the Existing Credit Agreement;

Drawdown Shares means shares of Common Stock to be issued to Xxxxxxx by the Company pursuant to Section 2.1, and includes any additional Shares issued in respect of those Shares.

Drawdown Shares has the meaning attributed to that term in Section 2.10;

Drawdown Shares has the meaning given in clause 3. Drawing means an exercise by the Company of its entitlement under this agreement to require GEM to subscribe for (or to cause another person to subscribe for) Shares on the terms and conditions of this agreement and ‘Drawdown’ has an equivalent meaning.

Drawdown Shares means all shares of Common Stock purchased by the Purchaser from time to time pursuant to this Agreement other than the Initial Shares, Warrant Shares and Adjustment Shares.

Drawdown Shares has the meaning set forth in Section 4.1 below. (q)