Common use of Regular Draw Down Notice Clause in Contracts

Regular Draw Down Notice. The Company shall not make more than one Draw Down (whether pursuant to a Fixed Draw Down Notice or a Regular Draw Down Notice) during any Pricing Period with respect to which a Regular Draw Down Notice has been delivered. At least 24 hours shall elapse between the completion of the settlement, in accordance with Section 3.5(b) and (c) below, of a Draw Down with respect to which a Regular Draw Down Notice was delivered and the delivery of any Fixed Draw Down Notice or Regular Draw Down Notice for any other Draw Down during the Investment Period.

Appears in 2 contracts

Sources: Common Stock Purchase Agreement (Sanwire Corp), Common Stock Purchase Agreement