Common use of Reduction of Commitment Clause in Contracts

Reduction of Commitment. On the last Trading Day of each Pricing Period, the Investor’s Total Commitment under this Agreement automatically (and without the need for any amendment to this Agreement) shall be reduced, on a dollar-for-dollar basis, by the total amount of the Fixed Request Amount and the Optional Amount Dollar Amount, if any, for such Pricing Period paid to the Company at the Settlement Date.

Appears in 17 contracts

Samples: Common Stock Purchase Agreement (Durect Corp), Common Stock Purchase Agreement (Alexza Pharmaceuticals Inc.), Common Stock Purchase Agreement (Poniard Pharmaceuticals, Inc.)

AutoNDA by SimpleDocs

Reduction of Commitment. On the last Trading Day of each Settlement Date with respect to a Pricing Period, the Investor’s Total Commitment under this Agreement automatically (and without the need for any amendment to this Agreement) shall be reduced, on a dollar-for-dollar basis, by the total amount of the Fixed Request Amount and the Optional Amount Dollar Amount, if any, for such Pricing Period paid to the Company at the such Settlement Date.

Appears in 16 contracts

Samples: Common Stock Purchase Agreement (Globalstar, Inc.), Common Stock Purchase Agreement (Delcath Systems Inc), Common Stock Purchase Agreement (EnteroMedics Inc)

Reduction of Commitment. On the last Trading Day of each Pricing Period, the Investor’s Total Commitment under this Agreement automatically (and without the need for any amendment to this Agreement) shall be reduced, on a dollar-for-dollar basis, by the total amount of the Fixed Request Amount and the Optional Amount Dollar Amount, if any, for such Pricing Period paid to the Company at the Settlement DatePeriod.

Appears in 7 contracts

Samples: Common Stock Purchase Agreement (Corgentech Inc), Common Stock Purchase Agreement (Isis Pharmaceuticals Inc), Common Stock Purchase Agreement (Nanogen Inc)

Reduction of Commitment. On the last Trading Day of each Pricing Period, the Investor’s Total Commitment under this Agreement automatically (and without the need for any amendment to this Agreement) shall be reduced, on a dollar-for-dollar basis, by the total amount of the Fixed Request Amount of proceeds paid to the Company and the Optional Amount Dollar AmountAmount of proceeds paid to the Company, if any, for such Pricing Period paid to the Company at the Settlement DatePeriod.

Appears in 2 contracts

Samples: Common Stock Purchase Agreement (Depomed Inc), Common Stock Purchase Agreement (Onyx Pharmaceuticals Inc)

Reduction of Commitment. On the last Trading Day of each Pricing Period, the Investor’s Total Commitment under this Agreement automatically (and without the need for any amendment to this Agreement) shall be reduced, on a dollar-for-dollar basis, by the total amount of the Fixed Request Amount and the Optional Amount Dollar AmountAmount of proceeds paid to the Company, if any, for such Pricing Period paid to the Company at the Settlement DatePeriod.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Solexa, Inc.)

Reduction of Commitment. On the last Trading Day of each Pricing Period, the Investor’s Total Commitment under this Agreement automatically (and without the need for any amendment to this Agreement) shall be reduced, on a dollar-for-dollar basis, by the total amount of the Fixed Request Amount (as it may be reduced in accordance with Section 2.6 below) and the Optional Amount Dollar Amount, if any, for such Pricing Period paid to the Company at the Settlement Date.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Medis Technologies LTD)

AutoNDA by SimpleDocs

Reduction of Commitment. On the last Trading Day of each Pricing Period, the Investor’s 's Total Commitment under this Agreement automatically (and without the need for any amendment to this Agreement) shall be reduced, on a dollar-for-dollar basis, by the total amount of the Fixed Request Amount and the Optional Amount Dollar Amount, if any, for such Pricing Period actually paid to the Company at the Settlement Date.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Ariad Pharmaceuticals Inc)

Reduction of Commitment. On the last Trading Day of each Pricing Period, the Investor’s Total Commitment under this Agreement automatically (and without the need for any amendment to this Agreement) shall be reduced, on a dollar-for-dollar basis, by the total amount of the Fixed Request Amount and the Optional Amount Dollar AmountAmount proceeds paid to the Company, if any, for such Pricing Period paid to the Company at the Settlement DatePeriod.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Dynavax Technologies Corp)

Reduction of Commitment. On the last Trading Day of each Pricing Period, the Investor’s 's Total Commitment under this Agreement automatically (and without the need for any amendment to this Agreement) shall be reduced, on a dollar-for-dollar basis, by the total amount of the Fixed Request Amount and the Optional Amount Dollar Amount, if any, for such Pricing Period paid to the Company at the Settlement DatePeriod.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Lexicon Genetics Inc/Tx)

Time is Money Join Law Insider Premium to draft better contracts faster.