Purchases definition
Examples of Purchases in a sentence
For the avoidance of doubt, all portions of the Commitment Fee, when withheld by the Investor in accordance with this Section 10.1(ii), shall be fully earned by the Investor and non-refundable as of the date of such withholding by the Investor, regardless of whether any subsequent Purchases are made or settled hereunder or any subsequent termination of this Agreement.
The Company may deliver a Regular Purchase Notice to the Investor as often as every Business Day, so long as (i) the Closing Sale Price of the Common Stock on such Business Day is not less than the Floor Price and (ii) all Purchase Shares subject to all prior Regular Purchases, Accelerated Purchases and Additional Accelerated Purchases initiated by the Company pursuant to this Agreement, as applicable, have theretofore been received by the Investor as DWAC Shares in accordance with this Agreement.
Upon termination of the Standstill or expiration of the Standstill Period, Investor shall have the right to submit Purchase Notices in accordance with the applicable outstanding Pre-Paid Purchases.
An aggregate 38,461,538 shares of Common Stock have been duly authorized and reserved by the Company for issuance and sale to the Investor as Shares pursuant to one or more Purchases under this Agreement.
As of the Commencement Date, the Company shall have reserved out of its authorized and unissued Common Stock, 38,461,538 shares of Common Stock solely for the purpose of issuing Shares pursuant to Purchases that may be effected by the Company, in its sole discretion, from and after the Commencement Date under this Agreement.