COMMITMENT FEE PAYMENT. In the event Company shall not issue Draw Down Shares for an aggregate Investment Amount of at least $7,500,000 prior to the termination of this Agreement, the Company shall pay the Investor the amount of $375,000 (pro rated for issuances prior to the termination of this Agreement, payable two business days following termination of this Agreement. In no event shall the Investor receive payment from the Company pursuant to this Section 9.13 on more than one occasion.
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Samples: Private Equity Line Financing Agreement (Corixa Corp)
COMMITMENT FEE PAYMENT. In the event Company shall not issue Draw Down Shares for an aggregate Investment Amount of at least $7,500,000 6,250,000 prior to the termination of this Agreement, the Company shall pay the Investor the amount of $375,000 250,000 (pro rated for issuances Draw Downs prior to the termination of this Agreement), payable two business days following termination of this Agreement. In no event shall the Investor receive payment from the Company pursuant to this Section 9.13 on more than one occasion.
Appears in 1 contract
Samples: Private Equity Line Financing Agreement (Dendreon Corp)
COMMITMENT FEE PAYMENT. In the event Company shall not issue Draw Down Shares for an aggregate Investment Amount of at least $7,500,000 18,000,000 prior to the termination of this Agreement, the Company shall pay the Investor the amount of $375,000 900,000 (pro rated for issuances prior to the termination of this Agreement), payable two business days following termination of this Agreement. In no event shall the Investor receive payment from the Company pursuant to this Section 9.13 on more than one occasion.
Appears in 1 contract
COMMITMENT FEE PAYMENT. In the event Company shall not issue Draw Down Shares for an aggregate Investment Amount of at least $7,500,000 3,000,000 prior to the termination of this Agreement, the Company shall pay the Investor the amount of $375,000 270,000 (pro rated for issuances prior to the termination of this Agreement), payable two business days following termination of this Agreement. In no event shall the Investor receive payment from the Company pursuant to this Section 9.13 on more than one occasion.
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