Common use of Draw Fee Clause in Contracts

Draw Fee. If the Company elects to exercise its call rights under Section 2.3, then the Company agrees to issue the Draw Fee to the Backstopper, or its designated Affiliate, on the Closing Date.

Appears in 8 contracts

Sources: Backstop Commitment Agreement (NextDecade Corp.), Backstop Commitment Agreement (NextDecade Corp.), Backstop Commitment Agreement (NextDecade Corp.)