Commitment Annex definition
Examples of Commitment Annex in a sentence
At the First Closing, each applicable Purchaser shall purchase the First Notes and associated Common Warrants, Incremental Warrants and shares of Series B Preferred Stock for an amount equal to 25% of the Note Commitment Amount set forth opposite such Purchaser’s name on the Commitment Annex and disburse the net proceeds from the purchase of the First Notes pursuant to the Flow of Funds delivered by the Issuer.
At each Subsequent Closing, each applicable Purchaser shall purchase the subsequent Notes and associated Common Warrants, Incremental Warrants and shares of Series B Preferred Stock for an amount equal to 25% of the Note Commitment Amount set forth opposite such Purchaser’s name on the Commitment Annex and disburse the net proceeds from the purchase of the subsequent Notes pursuant to the Flow of Funds delivered by the Issuer.