Subscription Money definition

Subscription Money means money paid by the Buyer to the Company ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .

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Subscription Money shall have the meaning as ascribed to such term in Recital C above;

Subscription Money means, in respect of each Bond, the amount set out in the relevant Call Notice and the face value of such Bond;

Examples of Subscription Money in a sentence

• In the event that the Investor is required by law to make any deduction or withholding from any Subscription Money, the Investor shall pay to the Issuer such additional amount as shall be necessary so that the Issuer will receive a net amount equal to the full amount which it would have received if such withholding or deduction had not been made.

• The Investor must subscribe for its Convertible Equity by paying its Subscription Money into the Bank Account in cleared funds on or before the Payment Date.

• Convertible Equity may only be converted into Shares and there is no obligation on the Company to repay or grant any Security Interest in respect of any Subscription Money.

• The maximum aggregate liability of the Company for all Claims made by the Investor in relation to a breach of a Company Warranty under this agreement or otherwise, is an amount equal to the Subscription Money.

• If the Condition Precedent is not fulfilled or waived within 10 days of the Payment Date, then this agreement will be voidable by either party giving the other party notice in writing and on the giving of such notice the Company must return to the Investor any Subscription Money paid by the Investor.

• The Company must use the Subscription Money in the Business to fund operating losses and working capital requirements, including for research, product development and to progress commercialising the Company’s electric vehicle fast chargers.

• Immediately on the later of the satisfaction of the Condition Precedent and the Company’s receipt of the Subscription Money, the Company must enter the Investor in its register of members as the holder of the Convertible Equity in the amount of the Subscription Money.

• Further, the Subscription Money can be used by the Company, only upon such filings.

• Such certified cheque or bank draft must accompany this Subscription for delivery at Closing, or the Subscription Money may be immediately wired to the Company according to the wire instructions provided by the Company.

• After the expiry of a period Thirty Six months from the Closing Date (“Redemption Trigger Date”) or on the date when the Company has been able to secure fresh cumulative funding of a minimum of Rupees Two crores, whichever is earlier , KAS shall have the right to cause the Company to redeem the Subscription Shares at a premium of 18% (Eighteen per cent) IRR on the Subscription Money (“Redemption Amount”).

More Definitions of Subscription Money

Subscription Money means the full face value of the Note and, in the event of any delay in Completion due to the default of the Subscriber, together with interest accruing at the rate of 8% per annum compounded annually from but excluding the Completion Date to and including the date on which Completion actually takes place (on the basis of the actual number of days elapsed and a 365-day year);

Subscription Money means the aggregate sum of Initial Subscription Amount and Final Subscription Amount, which shall not be more than US$[●] payable by the Investor to the Issuer for the Notes; and

Subscription Money the aggregate subscription money for the Subscription Shares in accordance with Clause 2 “Subscription Shares” has the meaning ascribed to it in Recital (C)

Subscription Money means in relation to the exercise by any Warrant Holder of his