Examples of VWAP in a sentence
The number of Ordinary Shares so reserved for issuance under this Agreement may be increased from time to time by the Company from and after the Commencement Date, and such number of reserved shares may be reduced from and after the Commencement Date only by the number of VWAP ADSs actually issued, sold and delivered to the Investor pursuant to VWAP Purchases effected by the Company from and after the Commencement Date pursuant to this Agreement.
The Company and the Depositary shall have prepared and filed a registration statement on Form F-6 relating to the VWAP ADSs and the Commitment ADSs for registration under the Securities Act (the “ADS Registration Statement”), and the ADS Registration Statement shall have been declared effective under the Securities Act by the Commission.
On each VWAP Purchase Exercise Date, the Company shall deliver or cause to be delivered to the Depositary (and thereafter, shall deliver or cause to be delivered to any subsequent depositary of the Company) a VWAP Purchase Depositary Instruction no later than 5:00 p.m., Hong Kong time, on the VWAP Purchase Exercise Date.
For the avoidance of doubt, the Structuring and Diligence Fee shall be non-refundable when paid in accordance with this Section 10.1(i), regardless of whether the Commencement shall occur or whether any VWAP Purchases are made or settled hereunder or any subsequent termination of this Agreement.
The Investor is obligated to accept each VWAP Purchase Notice properly delivered by the Company in accordance with the terms of and subject to the satisfaction of the conditions contained in this Agreement.