Common use of Delivery of Draw Down Notice Clause in Contracts

Delivery of Draw Down Notice. A Draw Down Notice shall be deemed delivered on (i) the Trading Day that it is received by facsimile or otherwise (and the Company confirms such delivery by e-mail notice or by telephone (including voicemail message)) by the Investor if received prior to 12:00 noon, New York City time such Trading Day, or (ii) in the event it is received by facsimile or otherwise (and the Company confirms such delivery by e-mail notice or telephone (including voicemail message)) subsequent to 12:00 noon, New York City time, on a Trading Day, the immediately succeeding Trading Day. No Draw Down Notice may be delivered other than on a Trading Day during the Commitment Period.

Appears in 2 contracts

Samples: Equity Line Financing Agreement (Biopure Corp), Equity Line Financing Agreement (Biopure Corp)

AutoNDA by SimpleDocs

Delivery of Draw Down Notice. (i) A Draw Down Notice shall be deemed delivered on (i) the a Trading Day that if it is received by facsimile or otherwise (and the Company confirms such delivery by e-mail notice or by telephone (including voicemail message)) by the Investor if received prior to 12:00 noon3:00 p.m., New York City time on such Trading Day, or (ii) in the event it is received by facsimile or otherwise (and the Company confirms such delivery by e-mail notice or telephone (including voicemail message)) subsequent to 12:00 noon3:00 p.m., New York City time, on a Trading Day, then it shall be deemed delivered on the immediately succeeding Trading Day. No Draw Down Notice may be delivered other than on a Trading Day during the Commitment Period.

Appears in 2 contracts

Samples: Equity Line Financing Agreement (Gadzoox Networks Inc), Equity Line Financing Agreement (Gadzoox Networks Inc)

AutoNDA by SimpleDocs

Delivery of Draw Down Notice. A Draw Down Notice shall be deemed delivered on (i) the Trading Day that it is received by facsimile or otherwise (and the Company confirms such delivery by e-mail notice or by telephone (including voicemail message)) by the Investor if received prior to 12:00 noon, New York City time on such Trading Day, or (ii) in the event it is received by facsimile or otherwise (and the Company confirms such delivery by e-mail notice or telephone (including voicemail message)) subsequent to 12:00 noon, New York City time, on a Trading Day, the immediately succeeding Trading Day. No Draw Down Notice may be delivered other than on a Trading Day during the Commitment Period.

Appears in 1 contract

Samples: Private Equity Line Financing Agreement (Corixa Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!