Maximum Draw definition

Maximum Draw shall have the meaning provided in Subparagraph 28(c). “Meridian Anadarko Amount” shall have the meaning provided in Subparagraph 124(m)(ii).
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Maximum Draw means the maximum aggregate amount from time to time that beneficiaries may draw under outstanding Letters of Credit, as such aggregate amount may be reduced from time to time pursuant to the terms of the Letters of Credit.
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Maximum Draw. Down Amount” 4 Section 1.28. “NASD” 4 Section 1.29. “Permitted Transaction” 4 Section 1.30. “Person” 4 Section 1.31. “Principal Market” 4 Section 1.32. “Prohibited Transaction” 4 Section 1.33. “Prospectus” 4 Section 1.34. “Registrable Securities” 4 Section 1.35. “Registration Rights Agreement” 4 Section 1.36. “Registration Statement” 4 Section 1.37. “Regulation D” 4 Section 1.38. “Section 4(2)” 5 Section 1.39. “Securities Act” 5 Section 1.41. “Shares” 5 Section 1.42. “Trading Day” 5 Section 1.43. “VWAP” 5 Section 1.44. “Warrant” 5 Section 1.45. “Warrant Shares” 5 ARTICLE II PURCHASE AND SALE OF COMMON STOCK 5 Section 2.01. Purchase and Sale of Stock 5 Section 2.02. Closing 5 Section 2.03. Registration Statement and Prospectus 5 Section 2.04. Warrant 5 Section 2.05. Blackout Shares 6 ARTICLE III DRAW DOWN TERMS 6 Section 3.01. Draw Down Notice 6 Section 3.02. Number of Shares 6 Section 3.03. Limitation on Draw Downs 6 Section 3.04. Trading Cushion 6 Section 3.05. Settlement 6 Section 3.06. Delivery of Shares; Payment of Draw Down Amount 7 Section 3.07. Failure to Deliver Shares 7 ARTICLE IV REPRESENTATIONS AND WARRANTIES OF THE COMPANY 8 Section 4.01. Organization, Good Standing and Power 8 Section 4.02. Authorization; Enforcement 8 Section 4.03. Capitalization 8 Section 4.04. Issuance of Shares 9 Section 4.05. No Conflicts 9 Section 4.06. Commission Documents, Financial Statements 10 Section 4.07. No Material Adverse Change 10 Section 4.08. No Undisclosed Liabilities 10 Section 4.09. No Undisclosed Events or Circumstances 11 Section 4.10. Actions Pending 11 Section 4.11. Compliance with Law 11 Section 4.12. Certain Fees 11 Section 4.13. Disclosure 11 Section 4.14. Material Non-Public Information 11 Section 4.15. Exemption from Registration; Valid Issuances 12 Section 4.16. No General Solicitation or Advertising in Regard to this Transaction 12 Section 4.17. No Integrated Offering 12 Section 4.18. Acknowledgment Regarding Investor’s Purchase of Shares 12 ARTICLE V REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE INVESTOR 12 Section 5.01. Organization and Standing of the Investor 13 Section 5.02. Authorization and Power 13 Section 5.03. No Conflicts 13 Section 5.04. Financial Capability 13 Section 5.05. Information 14 Section 5.06. Selling Restrictions 14 Section 5.07. Statutory Underwriter Status 14 Section 5.08. Not an Affiliate 14 Section 5.09. Prospectus Delivery 14 ARTICLE VI COVENANTS OF THE COMPANY 14 Section 6.01. Securities 15 Section 6.02. Reservat...
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Examples of Maximum Draw in a sentence

  • In no event shall any Draw Down Amount exceed the Maximum Draw Down Amount.

  • If the Company issues a Draw Down Notice in which the Draw Down Amount Requested exceeds the Maximum Draw Down Amount Requested, such Draw Down Notice shall be void ab initio to the extent the Draw Down Amount Requested exceeds the Maximum Draw Down Amount Requested.

  • During the Commitment Period, the Company may, in its sole discretion, issue a Draw Down Notice (as hereinafter defined) which shall specify the dollar amount of Shares the Company elects to sell to the Investor (each such election, a “Draw Down”) up to a Draw Down Amount equal to the Maximum Draw Down Amount, which Draw Down the Investor shall be obligated to accept.

  • Anything to the contrary in this Agreement notwithstanding, the parties hereto acknowledge and agree that the Investor shall not be required to purchase, and shall not purchase, more than the Maximum Draw Down Amount Requested pursuant to any single Draw Down Notice.

  • The Company, may, in its sole discretion, issue a Draw Down Notice (defined below) specifying the dollar amount of Shares it elects to sell to the Investor (each such election a “Draw Down”) up to a Draw Down Amount equal to the Maximum Draw Down Amount during the Commitment Period, which Draw Down the Investor will be obligated to accept.

  • In no event shall any Draw Down Amount be less than the Minimum Draw Down Amount or exceed the Maximum Draw Down Amount.

  • The Company, may, in its sole discretion, issue a Draw Down Notice with respect to a Draw Down up to a Draw Down Amount equal to the Maximum Draw Down Amount (each, a "DRAW DOWN") during the Commitment Period, which Draw Down the Investor will be obligated to accept.

  • In lieu of issuing the Term Warrant, the Company may pay the Investor in cash, within three (3) Trading Days of the Warrant Date, an amount equal to 5% of the difference between (A) the lesser of $15,000,000 and the Maximum Draw Down, and (B) the amount actually drawn down by the Company under this Agreement.

  • The Draw Down Notice shall specify the Draw Down Amount Requested (which shall not exceed the Maximum Draw Down Amount Requested), establish the Floor Price for such Draw Down and designate the first and last Trading Day of the Pricing Period.

  • The Company, may, in its sole discretion, issue a Draw Down Notice with respect to a Draw Down up to a Draw Down Amount equal to the Maximum Draw Down Amount (each, a "Draw Down") during the Commitment Period, which Draw Down the Investor will be obligated to accept.


More Definitions of Maximum Draw

Maximum Draw. Down Amount” 6 Section 1.37. “NASD” 6 Section 1.38. “Permitted Transaction” 6 Section 1.39. “Person” 6 Section 1.40. “Principal Market” 6 Section 1.41. “Prohibited Transaction” 6 Section 1.42. “Prospectus” 6
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Maximum Draw. Down Amount is defined in the CMA.
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