Initial Commitment Shares definition

Initial Commitment Shares means the 1,562,500 shares of Common Stock and with such shares being duly authorized, validly issued, fully paid and nonassessable and which, concurrently with the execution and delivery of this Agreement on the Execution 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 second Trading Day immediately following the Execution Date.

Initial Commitment Shares means 9,109,128 shares of duly authorized, validly issued, fully paid and nonassessable 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 second Trading Day immediately following the Closing Date.

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

Examples of Initial Commitment Shares in a sentence

• For the avoidance of doubt, all of the Initial Commitment Shares shall be fully earned as of the date of this Agreement, whether or not the Commencement shall occur or any Purchase Shares are purchased by the Investor under this Agreement and irrespective of any termination of this Agreement.

• The Initial Commitment Shares shall be issued in certificated form and shall bear the Restrictive Legend.

• Immediately upon the execution of this Agreement, the Company shall deliver to the Transfer Agent a letter in the form as set forth as Exhibit E attached hereto with respect to the issuance of the Initial Commitment Shares.

• The Initial Commitment Shares shall be issued in certificated form and (subject to Section 5 hereof) shall bear the following restrictive legend: THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS.

• The Initial Commitment Shares shall be validly issued, fully paid and nonassessable and free from all taxes, liens, charges, restrictions, rights of first refusal and preemptive rights with respect to the issue thereof, with the holders being entitled to all rights accorded to a holder of Common Stock.

More Definitions of Initial Commitment Shares

Initial Commitment Shares means 21,969 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 Trading Day immediately following the Closing Date pursuant to Section 10.1(ii)(a).

Initial Commitment Shares means 150,000 ADSs to be issued directly to the Investor in accordance with Section 5(e), and, if applicable, the Ordinary Shares that are exchanged for such ADSs.

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

Initial Commitment Shares means 4,273,504 shares of Common Stock representing $75,000 divided by the sum equal to the daily VWAP of the Common Stock on the Trading Day immediately preceding the Execution Date multiplied by 90% and with such shares being duly authorized, validly issued, fully paid and nonassessable and which, concurrently with the execution and delivery of this Agreement on the Execution 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 second Trading Day immediately following the Execution Date.

Initial Commitment Shares means 98,598 ADSs to be issued directly to the Investor in accordance with Section 5(e), and, if applicable, the Ordinary Shares that are exchanged for such ADSs.

Initial Commitment Shares means a number of duly authorized, validly issued, fully paid and non-assessable shares of Common Stock equal to the quotient obtained by dividing (i) $250,000 and (ii) the Closing Sale Price of the Common Stock two Trading Days prior to the filing of the Initial Registration Statement.

Initial Commitment Shares means $125,000 of duly authorized, validly issued, fully paid and nonassessable shares of Common Stock (based upon the Current Market Price on the date of execution of this Agreement), 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 second Trading Day immediately following the Closing Date.