Option to Fund Draw Down Request Amount Sample Clauses

Option to Fund Draw Down Request Amount. In the event the conditions precedent to the obligations of the Investor set forth in Section 7.2 are not satisfied on any Draw Down Request Exercise Date or proposed Subsequent Funding Date (each, a “Determination Date”), the Investor shall, within two Business Days from the Determination Date, notify the Company whether it elects to fund its Draw Down Request Amount. If Committed Investors representing at least two-thirds of the obligations in respect of the Aggregate Total Commitment (the “Electing Investors”) independently notify the Company that they have elected to fund their applicable amount in respect of such Draw Down Request, the Company may notify the Investor of such event and the Investor shall be required to fund its Draw Down Request Amount irrespective of whether the Investor is an Electing Investor; provided that if the Company so notifies any Committed Investor it shall notify all Committed Investors. The Company shall then notify the Investor of a new Subsequent Funding Date that shall occur no later than ten (10) Business Days from the applicable Determination Date.