Common use of Standby Commitment Clause in Contracts

Standby Commitment. Upon payment of the Purchase Price and the delivery of the Securities, the Commitment Amount shall be reduced to zero and no further amount is available to the Company pursuant to the Note Purchase Agreement.

Appears in 1 contract

Sources: Note and Warrant Purchase Agreement (Bluefly Inc)

Standby Commitment. Upon payment of the Purchase Price ------------------ and the delivery of the Securities, the Commitment Amount shall be reduced to zero and no further amount is available to the Company pursuant to the Note Purchase Agreement.

Appears in 1 contract

Sources: Note and Warrant Purchase Agreement (Soros Fund Management LLC)