Reservation Amount definition

Reservation Amount has the meaning given to it in Section 4.1(a).
View Source
Reservation Amount means the amount identified as such during the Phase 1 PARCA Works and specified in the Phase 1 PARCA Works Report which are only applicable if no Phase 2 PARCA Works are required and notified by NGG to the Reservation Party.
View Source
Reservation Amount means the reservation amount contemplated in clause 4.2.1 below;
View Source

Examples of Reservation Amount in a sentence

  • It shall be deemed an Event of Default under the Note if at any time there is less than 100% of the Required Reservation Amount reserved.

  • The Company undertakes to amend its Certificate of Incorporation to increase its authorized but unissued Common Stock within forty-five (45) days of any date that there is less than 150% of the Required Reservation Amount available for reservation on behalf of the holders of the Notes and Warrants.

  • The Company undertakes to amend its Certificate of Incorporation to increase its authorized but unissued Common Stock within forty-five (45) days of any date that there is less than 140% of the Required Reservation Amount available for reservation on behalf of the holders of the Notes and Warrants.

  • It shall be deemed an Event of Default under the Note if (i) if 150% of the Required Reservation Amount is not timely reserved, or (ii) if at any time from and after forty-five (45) days after the Closing Date there is not reserved one Common Share for each Common Share issuable upon exercise of the Warrants.

  • It shall be deemed an Event of Default under the Note if (i) if 200% of the Required Reservation Amount is not timely reserved, or (ii) if at any time from and after forty-five (45) days after the Closing Date there is not reserved one Common Share for each Common Share issuable upon exercise of the Warrants.

  • As of the Closing Date, the Company shall have reserved out of its authorized and unissued Common Stock, solely for the purpose of effecting the conversion of the Notes and the exercise of the Warrants, the number of shares of Common Stock equal to the Reservation Amount (as defined in Section 4(e) of this Agreement).

  • The Company shall take all actions necessary to at all times have authorized, and reserved for the purpose of issuance, no less than one hundred five percent (105%) of the number of shares of Common Stock (the "Reservation Amount") needed to provide for the issuance of the Conversion Shares upon conversion of all of the Notes and the Warrant Shares upon exercise of all of the Warrants without regard to any limitations on conversions or exercise.

  • As of the Closing Date, the Company shall have reserved out of its authorized and unissued Common Stock, the number of shares of Common Stock equal to the Reservation Amount.

  • As of the Closing Date, the Company shall have reserved out of its authorized and unissued Common Stock, solely for the purpose of effecting the conversion of the Notes, the number of shares of Common Stock equal to the Reservation Amount (as defined in Section 4(e) of this Agreement).

  • The Lessor shall also return the Reservation Amount to the Lessee not later than 30 (thirty) banking days from termination of this Agreement due to the reason stated in this section.


More Definitions of Reservation Amount

Reservation Amount means 110% of the maximum number of shares of Common Stock necessary to enable the Company to satisfy all obligations to the Buyers to issue Common Stock upon conversion of the Notes and exercise of the Warrants, provided that for purposes of determining the number of shares of Common Stock that would be required to be delivered by the Company to cover interest which accrues on the Notes, the Company shall assume an amount of interest equal to the interest that would accrue during the three hundred sixty-five (365) day period following the Closing Date assuming $2.68 as the price of the Common Stock. Upon conversion or issuance in accordance with the terms of the Notes or upon exercise or issuance in accordance with the terms of the Warrants, as applicable, the Conversion Shares and the Warrant Shares, as the case may be, will be validly issued, fully paid and non-assessable and free from all taxes, liens and charges with respect to the issue thereof, other than any liens or encumbrances created by or imposed by the Buyers, with the holders being entitled to all rights accorded to a holder of Common Stock. Subject to the accuracy of the representations and warranties of each of the Buyers in this Agreement, the issuance by the Company of the Securities is exempt from registration under the Securities Act and applicable state securities laws.
View Source