Common use of No Commitment for Additional Financing Clause in Contracts

No Commitment for Additional Financing. The Company acknowledges and agrees that other than as contemplated by this Agreement, the Debentures or the Security Agreement, FCP has not made any representation, undertaking, commitment or agreement to provide or assist the Company in obtaining any financing, investment or other assistance, other than the purchase of the Debentures and the provision of funds pursuant to the Debentures subject to the conditions set forth herein. In addition, the Company acknowledges and agrees that (i) no statements, whether written or oral, made by FCP or its representatives on or after the date of this Agreement shall create an obligation, commitment or agreement to provide or assist the Company in obtaining any financing or investment, (ii) the Company shall not rely on any such statement by FCP or its representatives and (iii) an obligation, commitment or agreement to provide or assist the Company in obtaining any financing or investment may only be created by a written agreement, signed by FCP and the Company, setting forth the terms and conditions of such financing or investment and stating that the parties intend for such writing to be a binding obligation or agreement. FCP shall have the right, in its sole and absolute discretion, to refuse or decline to participate in any other financing of or investment in the Company, and shall have no obligation to assist or cooperate with the Company in obtaining any financing, investment or other assistance.

Appears in 2 contracts

Sources: Convertible Debenture Purchase Agreement (Vycor Medical Inc), Convertible Debenture Purchase Agreement (Vycor Medical Inc)

No Commitment for Additional Financing. The Company acknowledges and agrees that other than as contemplated by this Agreement, the Debentures or the Security Agreement, FCP Regent has not made any representation, undertaking, commitment or agreement to provide or assist the Company in obtaining any financing, investment or other assistance, other than the purchase of the Debentures and the provision of funds pursuant to the Debentures subject to the conditions set forth herein. In addition, the Company acknowledges and agrees that (i) no statements, whether written or oral, made by FCP Regent or its representatives on or after the date of this Agreement shall create an obligation, commitment or agreement to provide or assist the Company in obtaining any financing or investment, (ii) the Company shall not rely on any such statement by FCP Regent or its representatives and (iii) an obligation, commitment or agreement to provide or assist the Company in obtaining any financing or investment may only be created by a written agreement, signed by FCP Regent and the Company, setting forth the terms and conditions of such financing or investment and stating that the parties intend for such writing to be a binding obligation or agreement. FCP Regent shall have the right, in its sole and absolute discretion, to refuse or decline to participate in any other financing of or investment in the Company, and shall have no obligation to assist or cooperate with the Company in obtaining any financing, investment or other assistance.

Appears in 2 contracts

Sources: Convertible Debenture Purchase Agreement (Vycor Medical Inc), Convertible Debenture Purchase Agreement (Vycor Medical Inc)

No Commitment for Additional Financing. The Company acknowledges and agrees the Majority Shareholders acknowledge and agree that other than as contemplated by this Agreement, the Debentures or the Security Agreement, FCP Purchaser has not made any representation, undertaking, commitment or agreement to provide or assist the Company in obtaining any financing, investment or other assistance, other than the purchase of the Debentures and the provision of funds pursuant Notes up to the Debentures Maximum Principal Amount, as set forth herein and subject to the conditions set forth herein. In addition, the Company acknowledges and agrees the Majority Shareholders acknowledge and agree that (ia) no statements, whether written or oral, made by FCP the Purchaser or its representatives on or after the date of this Agreement shall create an obligation, commitment or agreement to provide or assist the Company in obtaining any financing or investment, (iib) the Company and the Majority Shareholders shall not rely on any such statement by FCP the Purchaser or its representatives and (iiic) an obligation, commitment or agreement to provide or assist the Company and the Majority Shareholders in obtaining any financing or investment may only be created by a written agreement, signed by FCP the Purchaser, the Company and the CompanyMajority Shareholders, setting forth the terms and conditions of such financing or investment and stating that the parties intend for such writing to be a binding obligation or agreement. FCP The Purchaser shall have the right, in its sole and absolute discretion, to refuse or decline to participate in any other financing of or investment in the Company, and shall have no obligation to assist or cooperate with the Company and the Majority Shareholders in obtaining any financing, investment or other assistance.

Appears in 1 contract

Sources: Securities Purchase Agreement (Comstock Inc.)

No Commitment for Additional Financing. The Company acknowledges and agrees that other than as contemplated by this Agreement, the Debentures or the Security Agreement, FCP Subscriber has not made any representation, undertaking, commitment or agreement to provide or assist the Company in obtaining any financing, investment or other assistance, other than the purchase subscription of the Debentures Shares as set forth herein and the provision of funds pursuant to the Debentures that certain Convertible Loan Agreement dated on or around December 16, 2015 and subject to the conditions set forth hereinherein and therein. In addition, the Company acknowledges and agrees that (i) no statements, whether written or oral, made by FCP Subscriber or its representatives on or after the date of this Agreement shall create an obligation, commitment or agreement to provide or assist the Company in obtaining any financing or investment, (ii) the Company shall not rely on any such statement by FCP Subscriber or its representatives and (iii) an obligation, commitment or agreement to provide or assist the Company in obtaining any financing or investment may only be created by a written agreement, signed by FCP Subscriber and the Company, setting forth the terms and conditions of such financing or investment and stating that the parties intend for such writing to be a binding obligation or agreement. FCP Subscriber shall have the right, in its sole and absolute discretion, to refuse or decline to participate in any other financing of or investment in the Company, and shall have no obligation to assist or cooperate with the Company in obtaining any financing, investment or other assistance.

Appears in 1 contract

Sources: Subscription Agreement (CRISPR Therapeutics AG)

No Commitment for Additional Financing. The Company acknowledges and agrees that other than as contemplated by this Agreement, the Debentures or the Security Agreement, FCP no Purchaser has not made any representation, undertaking, commitment or agreement to provide or assist the Company in obtaining any financing, investment or other assistance, other than the purchase of the Debentures Shares as set forth herein (whether in the Initial Closing or any subsequent Closing under Section 1.3) and the provision of funds pursuant to the Debentures subject to the conditions set forth herein. In addition, the Company acknowledges and agrees that (i) no statements, whether written or oral, made by FCP any Purchaser or its representatives on or after the date of this Agreement shall create an obligation, commitment or agreement to provide or assist the Company in obtaining any financing or investment, (ii) the Company shall not rely on any such statement by FCP any Purchaser or its representatives representatives, and (iii) an obligation, commitment or agreement to provide or assist the Company in obtaining any financing or investment may only be created by a written agreement, signed by FCP such Purchaser and the Company, setting forth the terms and conditions of such financing or investment and stating that the parties intend for such writing to be a binding obligation or agreement. FCP Each Purchaser shall have the right, in its sole and absolute discretion, to refuse or decline to participate in any other financing of or investment in the Company, and shall have no obligation to assist or cooperate with the Company in obtaining any financing, investment or other assistance.

Appears in 1 contract

Sources: Series E Preferred Stock Purchase Agreement (Glowpoint, Inc.)