Equity Fee definition
Examples of Equity Fee in a sentence
However, SunTx at its sole discretion, may waive the Equity Fee, without impacting the right to future Equity Fees or other terms of this Agreement.
All payments of the Equity Fee shall be made to LC Provider or its designee, as the case may be, free and clear of and without deduction for any present or future Taxes, counterclaim, defense, recoupment or set-off.
The Company may at its sole discretion accelerate the vesting schedule of the Equity Fee due to satisfactory completion of the deliverables outlined in this Agreement.
Each determination by the Calculation Agent of the Letter of Credit Fee, the Equity Fee and the Cash Fee shall be conclusive and binding for all purposes, absent manifest error.
If the Sponsoring Member shall join the MUDTOC Consortium after the first year, in addition to the annual membership fee for the current year, a Membership Equity Fee of $15,000.00 shall be assessed to permit the Sponsoring Member to use and/or access all publications, inventions, discoveries, and computer software generated by the MUDTOC Consortium since its inception.
Except for the Equity Fee Letter and the Debt Fee Letter (which have been provided to the Company in a redacted form as set forth above), there are no side letters, understandings or other agreements or arrangements relating to the Financing to which Parent or any of its Affiliates are a party.
Advisor may transfer any or all of the Equity Fee held by Advisor at any time, to third parties, including professional athletes for marketing services, and/or to any other partner or subcontractor for services rendered on behalf of Advisor for Company’s account.
If the Company shall determine to register for its own account or the account of others under the Securities Act of 1933 any of its equity securities, the Company shall include in such registration statement all of the Shares issued to JLS as part of the Equity Fee.
In the event of any stock split, reverse stock split, stock dividend, recapitalization or other similar adjustment to the number of shares of common stock outstanding, the number of shares of common stock payable as the Annual Equity Fee shall be proportionately adjusted (e.g., if the shares of Company common stock are subject to a 1-for-2 reverse stock split, the number of shares of common stock payable as the Annual Equity Fee shall be similarly adjusted from 25,000 shares to 12,500 shares).
Sapinda acknowledges receipt prior to the execution of this Advisory Agreement of an Equity Fee previously paid by the Company to Sapinda through the issuance of 655 shares of the Company’s Series D Convertible Preferred Stock in April 2011 and of 2,550 shares of the Company’s Series D Convertible Preferred Stock in August 2011.