Commitment Fee Note definition

Commitment Fee Note shall have the meaning set forth in Section 10.17
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Commitment Fee Note shall have the meaning set forth in the recitals.
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Examples of Commitment Fee Note in a sentence

  • The Company agrees that the issuance of the Commitment Fee Note is a material obligation and that the Commitment Fee Note is considered fully earned as of the Execution Date of this Agreement, regardless of whether or not the Company files the S-1 or is successful in having it deemed effective by the SEC.

  • In the event that the S-1 is declared effective within 90 days following document execution, $25,000 will be automatically deducted from the balance of the Commitment Fee Note.

  • In the event that the S-1 is declared effective within 135 days (but more than 90 days) following document execution, $15,000 will be automatically deducted from the balance of the Commitment Fee Note.

  • In the event that the S-1 is declared effective within 135 days (but more than 90 days) following document execution, $12,500 will be automatically deducted from the balance of the Commitment Fee Note.

  • The Company agrees that the issuance of the Commitment Fee Note is a material obligation and that the note is considered fully earned as of the Execution Date of this Agreement, regardless of whether or not the Company files the S-1 or is successful in having it deemed effective by the SEC.

  • The Commitment Fee Note will have a 7 month maturity, which will be extended to 10 months if the S-1 goes effective within 180 days.

  • In the event that the S-1 is declared effective within 135 days (but more than 90 days) following document execution, $7,500 will be automatically deducted from the balance of the Commitment Fee Note.

  • If the S-1 is declared effective within 90 days following document execution, $15,000 will be automatically deducted from the balance of the Commitment Fee Note.

  • If the S-1 is declared effective within 135 days (but more than 90 days) following document execution, $7,500 will be automatically deducted from the balance of the Commitment Fee Note.

  • The Commitment Fee Note and shares of Common Stock issuable upon conversion of the Commitment Fee Note shall be deemed fully earned as of the Effective Date.