Total Purchase Commitment definition
Examples of Total Purchase Commitment in a sentence
The Investor and the Company shall each maintain records showing the remaining the remaining Total Purchase Commitment, and the dates and VWAP Purchase Share Amount for each VWAP Purchase.
However, if prior to any of the preceding dates the Total Purchase Commitment is fully drawn down, then all remaining Commitment Shares owed to Investor shall immediately be issued to Investor.
The Company and the Investor may mutually agree to increase the Total Purchase Commitment (up to an aggregate of $5,000,000,000), in which event for every $1,000,000,000 in increased Total Purchase Commitment (or pro-rata portion thereof), the Company shall issue the Investor, within one Business Day of such increased Total Purchase Commitment being agreed to by the parties, Commitment Shares with a value equal to 0.5% of such increased Total Purchase Commitment (the “Additional Commitment Shares”).