Common use of Reduction of Commitment Clause in Contracts

Reduction of Commitment. On each Settlement Date, the Investor’s Total Commitment under this Agreement automatically shall be reduced, on a dollar-for-dollar basis, by the total Draw Down Amount paid to the Company on such Settlement Date.

Appears in 11 contracts

Samples: Common Stock Purchase Agreement (Bioheart, Inc.), Common Stock Purchase Agreement (Bioheart, Inc.), Common Stock Purchase Agreement (Sanwire Corp)

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Reduction of Commitment. On each Settlement Date, 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 Draw Down amount of the Fixed Request Amount for the portion of such Pricing Period paid to the Company on such Settlement Date.

Appears in 7 contracts

Samples: Common Stock Purchase Agreement (Microvision Inc), Common Stock Purchase Agreement (Microvision Inc), Common Stock Purchase Agreement (Omeros Corp)

Reduction of Commitment. On each the Settlement DateDate with respect to a 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 Draw Down amount of the Fixed Request Amount and the Optional Amount Exercise Amount, if any, for such Pricing Period paid to the Company on at such Settlement Date.

Appears in 3 contracts

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

Reduction of Commitment. On each Settlement Date, the Investor’s Total Commitment under this Agreement automatically shall be reduced, on a dollar-for-dollar basis, by the total Draw Down amount of the Fixed Request Amount paid to the Company on such Settlement Date.

Appears in 2 contracts

Samples: Common Stock Purchase Agreement (Amyris, Inc.), Common Stock Purchase Agreement (Globalstar, Inc.)

Reduction of Commitment. On each Settlement Date, the Investor’s Total Commitment under this Agreement automatically shall be reduced, on a dollar-for-dollar basis, by the total Draw Down portion of the Fixed Request Amount paid to the Company on such Settlement Date.

Appears in 2 contracts

Samples: Common Stock Purchase Agreement (Humanigen, Inc), Common Stock Purchase Agreement (Bio Key International Inc)

Reduction of Commitment. On each Settlement Date, the Investor’s Total Commitment under this Agreement automatically shall be reduced, on a dollar-for-dollar basis, by the total Draw Down Amount paid to dollar amount of shares of Common Stock issued by the Company on such Settlement DateDate or in connection therewith.

Appears in 2 contracts

Samples: Common Stock Purchase Agreement (Soul & Vibe Interactive Inc.), Common Stock Purchase Agreement (Soul & Vibe Interactive Inc.)

Reduction of Commitment. On each the Settlement DateDate 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 share basis, by the total Draw Down amount of the Fixed Request Amount for such Pricing Period paid to the Company on at such Settlement Date.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Brazil Minerals, Inc.)

Reduction of Commitment. On the Settlement Date with respect to each Settlement Trade Date, the Investor’s Investors’ 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 Draw Down amount of the Fixed Request Amount for such Trade Date paid to the Company on at such Settlement Date.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Nordic American Offshore Ltd.)

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

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Hermitage Offshore Services Ltd.)

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Reduction of Commitment. On each Settlement Date, the Investor’s 's Total Commitment under this Agreement automatically shall be reduced, on a dollar-for-dollar basis, by the total Draw Down Amount paid to the Company on such Settlement Date.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Tungsten Corp.)

Reduction of Commitment. On each Settlement Date, the Investor’s Investors’ Total Commitment under this Agreement automatically shall be reduced, on a dollar-for-dollar basis, by the total Draw Down Amount paid to the Company on such Settlement Date.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Liquidmetal Technologies Inc)

Reduction of Commitment. On each Settlement Date, the Investor’s Total Commitment under this Agreement automatically shall be reduced, on a dollarshare-for-dollar share basis, by the total Draw Down Amount paid to number of shares of Common Stock issued by the Company on such Settlement DateDate or in connection therewith.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Terra Tech Corp.)

Reduction of Commitment. On each Settlement Date, the Investor’s Total Commitment under this Agreement automatically shall be reduced, on a dollar-for-dollar basis, by the total Draw Down amount of the Fixed Request Amount for the portion of such Pricing Period paid to the Company on such Settlement Date.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Kv Pharmaceutical Co /De/)

Reduction of Commitment. On the Settlement Date in respect of each Settlement DatePricing 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 Draw Down amount of the Fixed Request Amount paid to and the Company on Optional Amount Dollar Amount, if any, for such Settlement DatePricing Period.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Acusphere Inc)

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