Common use of Expectations Regarding Advance Notices Clause in Contracts

Expectations Regarding Advance Notices. Within ten (10) --------------------------------------- days after the commencement of each calendar quarter occurring subsequent to the commencement of the Commitment Period, the Company must notify the Investor, in writing, as to its reasonable expectations as to the dollar amount it intends to raise during such calendar quarter, if any, through the issuance of Advance Notices. Such notification shall constitute only the Company's good faith estimate and shall in no way obligate the Company to raise such amount, or any amount, or otherwise limit its ability to deliver Advance Notices. The failure by the Company to comply with this provision can be cured by the Company's notifying the Investor, in writing, at any time as to its reasonable expectations with respect to the current calendar quarter.

Appears in 2 contracts

Samples: Standby Equity Distribution Agreement (Intrepid Technology & Resource Inc), Standby Equity Distribution Agreement (Donobi Inc)

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Expectations Regarding Advance Notices. Within ten (10) --------------------------------------- ---------------------------------------- days after the commencement of each calendar quarter occurring subsequent to the commencement of the Commitment Period, the Company Forefront must notify the Investor, in writing, as to its reasonable expectations as to the dollar amount it intends to raise during such calendar quarter, if any, through the issuance of Advance Notices. Such notification shall constitute only the Company's good faith estimate and shall in no way obligate the Company Forefront to raise such amount, or any amount, or otherwise limit its ability to deliver Advance Notices. The failure by the Company to comply with this provision can be cured by the CompanyForefront's notifying the Investor, in writing, at any time as to its reasonable expectations with respect to the current calendar quarter.

Appears in 2 contracts

Samples: Equity Line of Credit Agreement (Forefront Inc), Equity Line of Credit Agreement (Forefront Inc)

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