Common use of Committed Amounts Clause in Contracts

Committed Amounts. The obligation of the Stand-by Purchaser to subscribe for Stand-by Shares shall be limited to, and shall not exceed in the aggregate, $4,000,000 (the “Committed Amount”), and the Stand-by Purchaser shall be liable to subscribe for the Stand-by Shares, at the Subscription Price per share, up to and not exceeding, in the aggregate, the Committed Amount.

Appears in 2 contracts

Sources: Stand by Purchase Agreement (BELLUS Health Inc.), Stand by Purchase Agreement (BELLUS Health Inc.)