Subscription Proceeds definition
Examples of Subscription Proceeds in a sentence
Other than the obligation to fund the Subscription Proceeds in accordance with Article 2, neither the Purchaser nor any of its Affiliates shall have any obligation to provide any further financing to the Company, its Subsidiaries or any of its or their respective Affiliates, or otherwise to guarantee the fulfillment of any of their respective obligations to any other Person.
Notwithstanding the foregoing, the Company shall pay, subject to the Closing occurring, all expenses of the Purchaser in connection with the Sanity Transaction and the Private Placement, including reasonable legal, financial and other due diligence fees, in an amount up to [*] paid in satisfaction of the Subscription Proceeds in accordance with Section 2.2(2), such amount to be retained by the Purchaser from and set off against the Subscription Proceeds.