Issuance Condition definition
Examples of Issuance Condition in a sentence
The Issuance Condition Precedent3 shall be a condition precedent to the effectiveness of the A&R.
If the Additional Shares Issuance Condition does not occur, no vote of the holders of any class or series of the capital stock of Parent is necessary (under the Parent Organizational Documents, applicable Laws, any stock exchange rules or otherwise) to approve the issuance of Parent Common Stock in connection with the transactions contemplated hereby; provided, that if the Additional Shares Issuance Condition does occur, the Requisite Parent Vote shall be required.
Period the Company shall keep the Agent informed of its progress towards meeting the Issuance Condition Precedent (including by responding to queries from the Agent (acting on the instructions of the Majority Lenders (acting reasonably)) and shall upon completion of the Issuance Condition Precedent notify the Agent thereof.
This Agreement shall terminate automatically, without any action of the Company or the Purchaser being required, on the Issuance Condition Outside Date.
Subject to the terms and conditions hereof, upon the satisfaction of the Warrant Issuance Condition (in the reasonable estimation of the Company), the Company will issue the Company Warrant to the Investor; PROVIDED, HOWEVER, that if the Warrant Issuance Condition is not satisfied on or before December 31, 1999, then the Company's obligations under this Section 1.2 (and with respect to the Company Warrant in all respects) shall terminate and be of no further force or effect.
The right to purchase the Warrant Shares represented by this Warrant is exercisable, in whole or in part by the Warrantholder, at any time or from time to time during the period commencing on the date when the Additional Issuance Condition is first satisfied (the “Exercise Start Date”), and ending on the date falling three (3) months after the Exercise Start Date (such time, the “Expiration Time”).
The issuance of one or more Notes aggregating an additional Five Million Dollars ($5,000,000) (the “Subsequent Issuance Purchase Price” and, together with the Closing Purchase Price, the “Purchase Price”) shall be on or before the fifth business day after the compliance with the Subsequent Issuance Condition as defined in Section 1(d) (the “Subsequent Issuance Date”).
Additional Shares Issuance Condition Section 10.1(a) Advance Agreement Section 10.1(b) Affiliate Section 10.1(c) Agreement Preamble Amended Administration Services Agreement Section 7.2(i) Arbitration Request Section 8.6(b) Audited 2004 Financials Section 4.14(b) Audited 2003 Financials.
The Issuer has in accordance with its articles of association and by resolution of board of directors passed on or before the date of this Instrument, subject to satisfaction of the Issuance Condition, created and authorised the issue of a maximum principal amount of up to £2,700,000 Notes, such Notes to be constituted as hereinafter provided and subject to, and with the benefit of, the Schedules attached hereto which shall be deemed to form part of this Instrument.
Once the Issuance Condition is approved and verified by Investor, Growlife will be obligated to issue the Wise Phoenix Shares and the AJOA Shares.