Examples of Minimum Draw Down Amount in a sentence
In no event shall any Draw Down Amount be less than the Minimum Draw Down Amount or exceed the Maximum Draw Down Amount.
Subject to the terms and conditions of this Agreement, the Company, at its sole and exclusive option, may issue and sell to the Buyer, and the Buyer shall purchase from the Company, up to Fifteen Million Dollars (U.S.) ($15,000,000) of the Company's Preferred Stock, based on up to as many Draw Downs (each Draw Down subject to the Minimum Draw Down Amount) as the Company, in its sole discretion, shall choose to deliver during the Commitment Period.
Section 9.1 Minimum Draw Down Amount.........................................
The Company may deliver a draw down notice to Dolphin, subject to the satisfaction of the conditions set forth in Article V hereof provided, however, the investment amount for each draw down as designated by the Company in the applicable draw down notice shall be neither less than the Minimum Draw Down Amount nor more than the Maximum Draw Down Amount (as determined as of the applicable draw down date) and each draw down amount shall be in increments of $100,000.
The Capital Demand Notice must specify each of the Minimum Draw Down Amount, the Maximum Draw Down Amount and the Hard Floor Price.