Commitment Note definition

Commitment Note shall have the meaning set forth in Section 2.7.

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Commitment Note shall have the meaning specified in Section 2.1(b).

Commitment Note means the convertible promissory note in the principal amount of $25,000.00, attached as Exhibit D hereto, issued by the Company to the Investor on February 3, 2020.

Examples of Commitment Note in a sentence

• Except for the transactions contemplated by the Purchase Agreement, the Registration Rights Agreement, and the Commitment Note, C/M Capital Master Fund LP has not had any material relationship with us within the past three years.

• The Commitment Note, when issued to the Investor in accordance with this Agreement, shall constitute a valid and binding obligation of the Company, enforceable in accordance with its terms, and free from all liens, charges, taxes, security interests, encumbrances, rights of first refusal, preemptive or similar rights and other encumbrances with respect to the issue thereof.

• The shares of Common Stock issuable upon conversion of the Commitment Note shall constitute Registrable Securities and shall be included in the Registration Statement and any post-effective amendment thereto, in each case in accordance with this Agreement and the Registration Rights Agreement.

• For the avoidance of doubt, the Commitment Note shall be a binding and legal obligation of the Company regardless of whether any Fixed Purchases or VWAP Purchases are effected hereunder and regardless of any subsequent termination of this Agreement.

• Provided, however, until such time as both notes are repaid in full, that 30% of the proceeds from each sale under this Agreement shall be used to repay (i) that certain $150,000 Convertible Promissory Note dated November 20, 2025 issued to the Investor and (ii) the Commitment Note.

More Definitions of Commitment Note

Commitment Note means the 5% promissory note in the principal amount of $100,000.00, attached as Exhibit C hereto, to be issued by the Company to the Investor as of the date hereof.

Commitment Note shall have the meaning assigned to such term in Section 2.6.

Commitment Note means the 8% promissory note in the principal amount of $150,000.00, attached as Exhibit C hereto, issued by the Company to the Investor on September 11, 2017.

Commitment Note means the 8% Convertible Promissory Note in the principal amount of $200,000, substantially in the form of Exhibit C attached hereto, issued by the Company to the Investor on March 18, 2016.

Commitment Note means those certain 8% convertible promissory notes in the total aggregate amount of $210,000.00 (in the amount of $105,000.00 to L2 and $105,000.00 to SBI), attached as Exhibit C hereto, issued on May 19, 2017.

Commitment Note means the convertible promissory note in the amount of $50,000.00 attached as Exhibit C hereto, issued on April 25, 2017.

Commitment Note means $75,000 note issued August 29, 2019 the Company to the Investor pursuant to Section 6.5.