Fee Shares definition

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

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

Fee Shares means a non-refundable fee of $375,000.00 payable to Investor in cash or shares of Common Stock valued at 85% of the VWAP for the 5 Trading Days immediately preceding the date the initial Registration Statement is declared effective, unless no Registration Statement has been declared effective within 6 months of the Commitment Closing, in which case, if paid in shares of Common Stock, such shares shall be valued at 85% of the VWAP for the 5 Trading Days immediately preceding the six month anniversary of the Commitment Closing.

Examples of Fee Shares in a sentence

• The Buyer shall use its best efforts to sell the Commitment Fee Shares in the principal trading market of the Company’s Common Stock or otherwise, at any time in accordance with applicable securities laws.

• The issuance of the Commitment Fee Shares is duly authorized and, upon issuance in accordance with the terms of this Agreement, will be validly issued, fully paid and non-assessable and free from all preemptive or similar rights, taxes, liens, charges and other encumbrances with respect to the issue thereof.

• Nothing herein contained shall be interpreted to in any way limit the net proceeds from the sale of the Commitment Fee Shares which shall be generated by the Buyer.

• Upon a director’s retirement or other completion of service as a director, amounts deferred into Promised Fee Shares are payable in either cash and/or shares of the company’s stock either as lump sum or installments pursuant to the director’s distribution election.

• The Commitment Fee Shares, when issued, shall be deemed to be validly issued, fully paid, and non-assessable shares of the Company’s Common Stock.

More Definitions of Fee Shares

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

Fee Shares means the 1,200,000 Purchaser Shares issuable to 1216167 B.C. Ltd.

Fee Shares means 3,333,334 New Ordinary Shares to be issued in settlement of fees pursuant to the Proposals;

Fee Shares means the shares of Holding Company Common Stock received by Gabelli pursuant to this Section 6.6(b)."

Fee Shares means the Vox Fee Shares, the Octopus Fee Shares and the FS Fee Shares;

Fee Shares means the issued ordinary share capital of the Company as enlarged by the Placing Shares, the Reef Shares, the Fee Shares and the Settlement Shares as further described in the Circular; and

Fee Shares shall have the meaning assigned to such term in Section 10.1(i) hereof.