Private Placement Fee definition

Private Placement Fee means a fee of 6.0% of the aggregate amount subscribed for under the Subscription Receipt Private Placements payable by Stornoway through the issuance of Common Shares on a pro rata basis to the Investors, upon the satisfaction or waiver of the Escrow Release Conditions;
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Examples of Private Placement Fee in a sentence

  • Such Private Placement Fee shall equal 5.0% of the FPS Purchase Price to be paid in cash on the Closing Date (as defined below).

  • This engagement may be terminated by the Company or by Berthel at any time after 180 days with or without cause upon written notice to that effect to the other party, but no such termination shall effect ▇▇▇▇▇▇▇'▇ rights to compensation earned on or prior to such termination (including, without limitation, the Private Placement Fee or the Success Fee described in Article II hereof), and Berthel shall be entitled to reimburse of any reasonable expenses not previously reimbursed.

  • Any additional consideration beyond the Private Placement Fee provided to the Private Placement Parties shall also be offered to the Backstop Parties.

  • Upon closing of any Financing (including any partial drawdown of any commitment received by the Company in connection therewith), the Company agrees to pay to Berthel in cash a fee (the "Private Placement Fee") in an amount that is equal to (i) two percent (2.0%) of the aggregate gross proceeds of any senior debt, five percent (5.0%) on any subordinated debt, nine percent (9.0%) on any equity related securities, or any similar securities, raised in the Financing.