Additional Subscription Amount definition

Additional Subscription Amount means, as to each Purchaser, the aggregate amount equal to the product of (i) the number of Warrant Shares underlying the Warrants purchased by a Purchaser multiplied by (ii) $0.01 in connection with the Warrants, which Additional Subscription Amount shall be paid in United States dollars and in immediately available funds by the Purchaser at Closing.

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Additional Subscription Amount means, as to each Purchaser, the aggregate amount equal to the product of (i) the number of Ordinary Shares underlying the Ordinary Share Warrants purchased by a Purchaser multiplied by (ii) $0.01 in connection with the Ordinary Share Warrants, which Additional Subscription Amount shall be paid in United States dollars and in immediately available funds by the Purchaser at Closing.

Additional Subscription Amount means, as to each Purchaser, the Second Closing Subscription Amount and/or the Third Closing Subscription Amount, as applicable.

Examples of Additional Subscription Amount in a sentence

Such Purchaser’s Additional Subscription Amount shall be made available for “Delivery Versus Payment” settlement with the Company or its designees on the applicable Additional Closing Date.
On the applicable Additional Closing Date, the Company shall deliver to such Purchaser its Additional Shares via DWAC and such Purchaser shall deliver the Additional Subscription Amount by wire transfer of immediately available funds.
With respect to the Additional Subscription Amount, the closing of the sale of such Combined Units contemplated hereby (the “Subsequent Closing”, and the date on which the Subsequent Closing actually occurs, the “Subsequent Closing Date”) is contingent upon the prior occurrence of the Initial Closing and the issuance of a Subsequent Closing Notice (as set forth below).
The Purchaser shall deliver to the Company via wire transfer or a certified check in immediately available funds equal to the Additional Subscription Amount for the Additional Debentures to be purchased at such Additional Closing Date and the Company shall deliver to the Purchaser such Additional Debenture and Additional Warrant and the other items set forth in Section 4.15(d).
It is hereby clarified that the Initial Naspers Securities shall be issued by the Company only upon the Company receiving the full Initial Subscription Amount from the Investor prior to the Long Stop Date, and the Additional Naspers Securities shall be issued by the Company only upon the Company receiving the full Additional Subscription Amount from the Investor post issuance of the Additional Investment Confirmation.

More Definitions of Additional Subscription Amount

Additional Subscription Amount means, as to each Purchaser, the aggregate amount equal to the product of (i) the number of Warrant Shares underlying the Warrants (other than the Pre-Funded Warrants) purchased by a Purchaser multiplied by (ii) $0.0001 in connection with the Warrants (other than the Pre-Funded Warrants), which Additional Subscription Amount shall be paid in United States dollars and in immediately available funds by the Purchaser at Closing.

Additional Subscription Amount shall have the meaning ascribed to such term in Section 2.1(c).

Additional Subscription Amount has the meaning given to it in clause 4.6; Affiliate (a) in relation to a body corporate, a person that directly or indirectly Controls or is directly or indirectly Controlled by or is under common Control with (whether either is under direct or indirect Control), the person specified; or

Additional Subscription Amount means the total amount as set out in Part A of SCHEDULE 4 to be invested by the Investor to subscribe to the Additional Naspers Securities.

Additional Subscription Amount means the $3,000,000 in aggregate to be paid to the Issuer upon the Subsequent Closings for the Additional Committed Shares; (iii) the “Adjustment Period” means the ninety (90) calendar day period following the closing date of the Transaction; (iv) “business day” means a day, other than a Saturday, Sunday or other day on which commercial banks in New York, New York or governmental authorities in the Cayman Islands (for so long as Issuer remains domiciled in Cayman Islands) are authorized or required by law to close; (v) “Closing” means the Initial Closing and each Subsequent Closing; (vi) “Closing Date” means the Initial Closing Date and each Subsequent Closing Date; (vii) “Stock Exchange” means the securities exchange or market, if any, on which the Shares are then listed; and (viii) “Subsequent Closing Price” means the greater of (x) the lesser of (A) $10.00 and (B) the price per Share of any private placement of Shares by the Issuer during the Adjustment Period and (y) 80% of the volume weighted average price of the Shares during the twenty (20) business day period ending on the third business day prior to the applicable Subsequent Closing Date.

Additional Subscription Amount means the amount each Purchaser agrees to pay at the Second Tranche Closing as reflected on its signature page.

Additional Subscription Amount shall have the meaning ascribed to such term in Section 4.15(a).

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