Standby Commitment definition

Standby Commitment has the meaning set forth in Section 2.2.

Standby Commitment means a commitment to either buy or sell

Standby Commitment means the obligation of the Standby Purchaser to purchase a number of Standby Shares having an aggregate Subscription Price equal to the difference, if any, between: (A) the amount of the Standby Purchaser’s Subscription Commitment, and (B) the aggregate Subscription Price of all Standby Purchaser Rights Offering Shares acquired by the Standby Purchaser, whether pursuant to the Basic Subscription Right (set out in section 2.3(a)) or the Additional Subscription Privilege;

Examples of Standby Commitment in a sentence

• As the rights offering was over-subscribed, the Guarantors were not required to fulfill their respective obligations under the Standby Commitment.

• Terms used herein with initial capital letters that are not otherwise defined shall have the meanings ascribed to such terms in the Standby Commitment Letter.

• As the 2016 Rights Offering was over-subscribed, the 2016 Guarantors were not required to fulfill their respective obligations under the 2016 Standby Commitment.

• In consideration for the Standby Commitment, Frontera received 5-year warrants to purchase up to 15,009,026 common shares at an exercise price equal to C$0.415 per common share (each a “Warrant”).

• As consideration for the 2016 Standby Commitment, the 2016 Guarantors received share purchase warrants (“2016 Standby Warrants”) entitling the 2016 Guarantors to acquire up to 497,677 common shares at an exercise price of $2.58 per common share that would be exercisable up to November 30, 2018.

More Definitions of Standby Commitment

Standby Commitment has the meaning set forth in the recitals hereto.

Standby Commitment means the commitment of each of the Standby Purchasers, severally (and not jointly and severally) to subscribe for subscription receipts representing up to an aggregate of twenty-five percent (25%) of the Offering Amount.

Standby Commitment means a commitment from an Approved Investor or security dealer satisfactory to the Bank, to purchase from the Company within a specified time period a Loan or Loans, or a Mortgage-backed Security or Securities, in an aggregate principal amount which conform to the criteria set forth therein, under which commitment the Company has the right, but is not obligated, to sell such Loan, Loans, or Mortgage-backed Security or Securities.

Standby Commitment means the sum of $30,000,000 which the Standby Lender has agreed to make available to the Borrowers under Clause 7;

Standby Commitment means, with respect to each Lender, the commitment of such Lender to make Standby Loans hereunder as set forth in Schedule 2.01, as such commitment may be permanently terminated or reduced from time to time pursuant to Section 2.11.

Standby Commitment means a Put that entitles the holder to achieve same day settlement.

Standby Commitment has the meaning set forth in Section 2.4; “Standby Premium” has the meaning set forth in Section 2.7;