Commitment Outside Date definition
Examples of Commitment Outside Date in a sentence
Upon the occurrence of the Commitment Outside Date, any remaining commitments of the Investors to purchase Series C Preferred Stock hereunder shall automatically terminate, and the amount of any accrued and unpaid Commitment Fees shall become due and payable on such date.
Prior to the Commitment Outside Date (including any extension thereof pursuant to this Agreement or otherwise), the Company shall be obligated to use proceeds from the issuance and sale of the Acquired Shares before using the proceeds from any other equity financing sources toward payment of the consideration for such Qualifying Acquisition.
Notwithstanding anything to the contrary in this Agreement, each Investor’s obligations to purchase Series C Preferred Stock in the amount of its Unused Investment Amount as of the Commitment Outside Date shall terminate.
Notwithstanding the foregoing or anything contrary herein, prior to the Commitment Outside Date, this Agreement (including the Exhibits hereto) may be amended or supplemented with the prior written consent of the Company and the Apollo Investor so long as any such amendment or supplement does not adversely and disproportionately affect any Investor.