Examples of Comfort Letter in a sentence
The requirement to cause to be furnished a Comfort Letter pursuant to this Section 7(n) shall be waived for any Representation Date occurring at a time at which no Placement Notice is pending and the Company does not expect to deliver a Placement Notice during the period following the appliable Representation Date.
Notwithstanding the foregoing, if the Company subsequently decides to sell Placement Shares following a Representation Date when the Company did not cause to be furnished to the Agent a Comfort Letter under this Section 7(n), then before the Agent sells any Placement Shares, the Company shall cause to be furnished to the Agent a Comfort Letter under this Section 7(n) dated the date of the Placement Notice.
The Agent shall have received the Comfort Letter required to be delivered pursuant Section 7(n) on or before the date on which such delivery of such letter is required pursuant to Section 7(n).