Subscription Commitment definition
Examples of Subscription Commitment in a sentence
In the event that the Agreement is terminated by Customer under and in accordance with clause (a) or (b) – or by 8x8 under clause (c), (d), or (e) – of Section 12.1 (Exclusive Termination Rights), Customer shall be relieved of its Subscription Commitment for any post- termination period, and 8x8 shall refund any amounts un-used and pre-paid for Ordered SaaS Services for any such period.
For clarity: (a) no other termination of the Agreement shall relieve Customer of its Subscription Commitment (which shall survive any such termination) or entitle Customer to any refund and (b) in no event shall termination or expiration of the Agreement relieve Customer of its obligation to pay any amount incurred thereunder prior to such termination or expiration.
For the avoidance of doubt, in no event shall Subscriber be obligated to purchase shares of common stock valued at the Per Share Price in excess of the Total Subscription Commitment.
In the event that the Agreement is terminated by Customer under and in accordance with Clause 13.1.1 or 13.1.2 (or Clause 8.3.6) – or by 8x8 under Clause 13.1.3, 13.1.4, or 13.1.5, Customer shall be relieved of its Subscription Commitment for any post-termination period, and 8x8 shall refund any amounts un-used and pre-paid for Ordered SaaS Services for any such period.
For clarity: (a) no other termination of the Agreement shall relieve Customer of its Subscription Commitment (which shall surviveany such termination) or entitle Customer to any refund and (b) in no event shall termination or expiration of the Agreement relieve Customer of its obligation to pay any amount incurred thereunder prior to such termination or expiration.
Sections 2.3.1 (Customer Subscription Commitment), 13 (Indemnification), 14 (Exclusions and Limitations of Liability), and 15 (Dispute Resolution) shall survive the Agreement’s termination, as shall any other provision that by its nature is intended to so survive.
Subscription Commitment of Tontine Tontine Capital Partners, L.P. ( “Tontine”), who, as of June 15, 2006, beneficially owned approximately 9.9% of the Company’s common stock, will agree to act as a standby purchaser in the rights offering in the amount up to 54% of the unsubscribed shares.
If mutually agreed by two or more Purchasers, such Purchasers may agree to adjust the relative amounts of their Subscription Commitment Amounts, Subscription Amounts or the amount of Subscription Shares to be purchased by them at any Closing, provided that the sum of such amounts is not thereby reduced.
In the event that the Agreement is terminated by Customer under and in accordance with Clause 13.1.1 or 13.1.2 (or Clause 8.3.6) – or by 8x8 under Clause 13.1.3, 13.1.4, or 13.1.5, Customer shallbe relieved of its Subscription Commitment for any post-termination period, and 8x8 shall refund any amounts un-used and pre-paid for Ordered SaaS Services for any such period.
In the event that the Agreement is terminated by Customer under and in accordance with Clause 13.1.1, 13.1.2 or 13.1.5 (or Clause 8.3.6) – or by 8x8 under Clause 13.1.3 or 13.1.4, Customer shall be relieved of its Subscription Commitment for any post-termination period, and 8x8 shall refund any amounts un-used and pre-paid for Ordered SaaS Services for any such period.