Draw Down Notices Sample Clauses

Draw Down Notices. (a) The Company may, from time to time in its sole discretion, provide to the Investor a Draw Down notice, substantially in the form attached hereto as Exhibit C (the “Draw Down Notice”). Each Draw Down Notice shall (i) be delivered to the Investor not later than 9:30 a.m. (New York time) at least ten (10) Business Days prior to the Closing Date specified in the Draw Down Notice, (ii) specify the Draw Down Amount and (iii) designate the Closing Date. Upon the terms and subject to the conditions of this Agreement, the Investor is obligated to accept each Draw Down Notice prepared and delivered in accordance with the provisions of this Agreement, and to purchase from the Issuer Parties the Securities issuable pursuant to and as set forth in such Draw Down Notice. The date on which the Company delivers any Draw Down Notice in accordance with this Section 2.1 hereinafter shall be referred to as a “Draw Down Exercise Date.” (b) If on the Business Day that is ten (10) Business Days prior to the final Business Day of the Investment Period, this Agreement is in effect and there remains an Unfunded Commitment, then, subject to the conditions set forth herein, the Company shall (unless waived by the Investor in writing) deliver to the Investor a Draw Down Notice in accordance with this Section 2.1 specifying the entire Unfunded Commitment as the Draw Down Amount and designating the final Business Day of the Investment Period as the Closing Date for such Draw Down, and if the Company fails to timely deliver such final Draw Down Notice, then only upon written notice from the Investor to the Company, the Company shall be deemed to have delivered such Draw Down Notice in accordance with this Section 2.1(b). (c) Anything to the contrary in this Agreement notwithstanding, but subject to the Company’s obligation to deliver a final Draw Down Notice pursuant to Section 2.1(b), (i) at no time shall the Investor be required to purchase more than $25,000,000 worth of Securities in respect of any single Draw Down Notice, (ii) at no time shall the Investor be required to purchase less than $5,000,000 worth of Securities in respect of any single Draw Down Notice, (iii) the Draw Down Amount shall be in minimum increments of $100,000 and (iv) the Company shall not deliver any Draw Down Notice within ten (10) Business Days of a Closing Date with respect to another Draw Down Notice. (d) The parties hereto may modify any term that may apply to any Draw Down set forth in this Article II...
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Related to Draw Down Notices

  • Drawdown Notice At any time during the Commitment Period, the Company may request the Investor to purchase shares of Common Stock by delivering a Drawdown Notice to the Investor, subject to the conditions set forth in Section 7.2; provided, however, the amount for each Advance as designated by the Company in the applicable Drawdown Notice shall not be more than the Maximum Advance Amount and the aggregate amount of the Advances pursuant to this Agreement shall not exceed the Commitment Amount. The Company acknowledges that the Investor may sell shares of the Company’s Common Stock corresponding with a particular Drawdown Notice after the Drawdown Notice is received by the Investor. There shall be a minimum of five (5) Trading Days between each Drawdown Notice Date.

  • Advance Requests Borrower may request that Lender make an Advance by delivering to Lender an Advance Request therefor and Lender shall be entitled to rely on all the information provided by Borrower to Lender on or with the Advance Request. The Lender may honor Advance Requests, instructions or repayments given by the Borrower (if an individual) or by any Authorized Person.

  • Processing Redemption Requests You shall not purchase any share of any of the Funds from a record holder at a price lower than the net asset value next determined by or for the Funds’ shares. You shall, however, be permitted to sell any shares for the account of a shareholder of the Funds at the net asset value currently quoted by or for the Funds’ shares, and may charge a fair service fee for handling the transaction provided you disclose the fee to the record owner.

  • Drawdown Notice irrevocable A Drawdown Notice must be signed by a director, an officer or a duly authorized attorney-in-fact of the Borrowers and once served, a Drawdown Notice cannot be revoked without the prior consent of the Agent.

  • Posting Notices Such notice of postings shall contain the following information: Nature of position, qualifications, required knowledge and education, skills, shift, wage or salary rate or range. Such qualifications may not be established in an arbitrary or discriminatory manner.