Common use of Underwritings Clause in Contracts

Underwritings. Subject to the terms and conditions set forth herein, during the Commitment Period the Company may elect to deliver a Demand Notice. Upon the Company's delivery of such Demand Notice, the Underwriter, subject to the limitations of Section 2.2(a), agrees, during the Selling Period corresponding to such Demand Notice, to sell, on behalf of the Company and on a best efforts basis, the number of shares of the Company's Common Stock whose proceeds to the Company equal the Minimum Offering Amount. The amount specified in any Demand Notice shall not be less than $2,000,000 nor more than $15,000,000.

Appears in 1 contract

Sources: Common Stock Underwriting Agreement (Mgi Pharma Inc)

Underwritings. Subject to the terms and conditions set forth herein, during the Commitment Period the Company may elect to deliver a Capital Demand Notice. Upon the Company's delivery of such Capital Demand Notice, the Underwriter, subject to the limitations of Section 2.2(a), agrees, during the Selling Period corresponding to such Capital Demand Notice, to sell, on behalf of the Company and on a best efforts basis, the number of shares of the Company's Common Stock whose proceeds equal to the Company equal the Minimum Offering Share Amount. The amount Minimum Draw Down Amount specified in any Capital Demand Notice shall not be less than $2,000,000 1,000,000 nor more than $15,000,0005,000,000.

Appears in 1 contract

Sources: Common Stock Underwriting Agreement (Axonyx Inc)

Underwritings. Subject to the terms and conditions set forth herein, during the Commitment Period the Company may elect to deliver a Capital Demand Notice. Upon the Company's delivery of such Capital Demand Notice, the Underwriter, subject to the limitations of Section 2.2(a), agrees, during the Selling Period corresponding to such Capital Demand Notice, to sell, on behalf of the Company and on a best efforts basis, the number of shares of the Company's Common Stock whose proceeds equal to the Company equal the Minimum Offering Share Amount. The amount Minimum Draw Down Amount specified in any Capital Demand Notice shall not be less than $2,000,000 1,000,000 nor more than $15,000,00030,000,000.

Appears in 1 contract

Sources: Common Stock Underwriting Agreement (Triangle Pharmaceuticals Inc)