Examples of Draw Down in a sentence
The issuance and sale of Shares to the Purchaser pursuant to any Draw Down shall occur in accordance with Section 6.01; provided that all of the conditions precedent thereto set forth in ARTICLE V theretofore shall have been fulfilled on or prior to such Settlement Date.
In consideration of and in express reliance upon the representations, warranties and covenants contained in, and upon the terms and subject to the conditions of, this Agreement, during the Investment Period the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, the Shares in respect of each Draw Down.
Such Registration Statement shall register with the Commission the offer and resale of the Subsequent Draw Down Shares.
The Purchaser shall not be obligated to accept a Draw Down request from the Company unless the Registration Statement (or, in the case of any Mandatory Draw Down, the Shelf) is then effective and the Prospectus included in the Registration Statement or Shelf is then current and in compliance with all applicable rules.
For purposes of determining the Purchaser’s ownership percentage, the Warrant Shares issued or issuable under the Warrant shall be included in their entirety before taking into account any other Shares owned by the Purchaser, including, without limitation, any Advance Shares or Subsequent Draw Down Shares.