Monthly Extension Fee definition

Monthly Extension Fee means the monthly trust contribution as set forth in Purchaser’s definitive proxy statement filed with the SEC dated February 26, 2024, as amended, in connection with any and all extensions under the Purchaser’s Organizational Documents to extend the time period for the Purchaser to consummate its Business Combination until the consummation of the Mergers and the other transactions contemplated by the Merger Agreement, or such other amount as agreed to from time to time.
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Monthly Extension Fee means, for any extension of the Maturity Date after June 30, 2011, a fee due and payable to Agent and deemed fully earned on the 1st day of each month in the amount of $75,000 payable (i) in cash or (ii) in the common stock of the Company. If the Company elects to pay any Monthly Extension Fee in the common stock of the Company (or any other fee payable under this Agreement), then the number of share of common stock of the Company issued for payment of any such Monthly Extension Fee shall be calculated using the following formula: 90% of closing price of common stock of the Company Notwithstanding the foregoing, the Company shall not be permitted to elect to pay any such Monthly Extension Fee (or any other fees) in the common stock of the Company if at any time the ownership of Agent and certain Purchasers, in the aggregate, exceeds 15% of the total issued and outstanding shares of common stock of the Company.”
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Monthly Extension Fee means the $200,000 per month required to be paid into the Trust Account until the completion of the Mergers.
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Examples of Monthly Extension Fee in a sentence

  • If the Parties do not agree on a Monthly Extension Fee, then the Monthly Extension Fee shall equal the Monthly Fee as calculated in accordance with Exhibit A (Pricing).

  • Purchaser acknowledges that through the date of this Amendment, all payments of the Monthly Extension Fee due to Purchaser have been paid in full.

  • No later than thirty (30) Days after Buyer’s notification and continuing until the date that is three (3) Months before the date that Buyer must make its election to extend the Term for the First Extension Period, the Parties shall negotiate in good faith the Monthly Extension Fee.

  • If the Parties agree on the Monthly Extension Fee, then this Agreement and Exhibit A (Pricing) shall be amended where applicable to account for the agreed Monthly Extension Fee.

  • The Monthly Extension Fee (as defined in the Twelfth Amendment) shall be payable only through August 31, 2008 and thereafter is eliminated.

  • Subject to any adjustments agreed in writing under Sections 4 and 5, the Minimum Spend and Monthly Extension Fee shall at all times be payable by Smartkem to CPIIS in full by no later than the respective Take or Pay Date.


More Definitions of Monthly Extension Fee

Monthly Extension Fee means the monthly trust contribution as set forth in Purchaser ’s definitive proxy statement filed with the SEC dated February 26, 2024, as amended, in connection with any and all extensions under the Purchaser ’s Organizational Documents to extend the time period for the Purchaser to consummate its Business Combination until the consummation of the Mer gers and the other transactions contemplated by the Merger Agreement, or such other amount as agreed to from time to time.
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