Draw Down Exercise Floor Price Clause Samples

Draw Down Exercise Floor Price. Notwithstanding anything in this Agreement to the contrary, the Company shall not deliver any Draw Down Notice to the Investor if the Initial Purchase Price with respect to the Shares subject to such Draw Down Notice is less than the Draw Down Exercise Floor Price as of the applicable Draw Down Exercise Date, and any such Draw Down Notice shall be void, ab initio, and the Company shall not sell, and the Investor shall not purchase, any Shares pursuant thereto.