Common use of Additional Investment Clause in Contracts

Additional Investment. The Company agrees that the Purchaser shall have the right (at its sole option), on or prior to the date which is 270 days following the Closing Date, to issue an additional note to the Company in an aggregate principal amount of up to $2,000,000 on the same terms and conditions (including, without limitation, the same interest rate, the Fixed Conversion Price (as defined in the Note) then in effect, proportionate warrant coverage (at the same exercise prices), a proportionate amortization schedule, etc.) set forth in, and pursuant to substantially similar documentation as, this Agreement and the Related Agreements.

Appears in 3 contracts

Samples: Securities Purchase Agreement (American Water Star Inc), Securities Purchase Agreement (It&e International Group), Securities Purchase Agreement (It&e International Group)

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Additional Investment. The Company agrees that the Purchaser shall have the right (at its sole option), on or prior to the date which is 270 days following the Closing Date, to issue an additional note to the Company in an aggregate principal amount of up to $2,000,000 3,000,000 on the same terms and conditions (including, without limitation, the same interest rate, the Fixed Conversion Price (as defined in the Note) then in effect, proportionate warrant coverage (at the same exercise prices), a proportionate amortization schedule, etc.) set forth in, and pursuant to substantially similar documentation as, this Agreement and the Related Agreements.

Appears in 1 contract

Samples: Securities Purchase Agreement (Comc Inc)

Additional Investment. The Company agrees that the Purchaser shall have the right (at its sole option), on or prior to the date which is 270 days following the Closing Date, to issue an additional note to the Company in an aggregate principal amount of up to $2,000,000 2,200,000 on the same terms and conditions (including, without limitation, the same interest rate, the Fixed Conversion Price (as defined in the Note) then in effect, proportionate warrant coverage (at the same exercise prices), a proportionate amortization schedule, etc.) set forth in, and pursuant to substantially similar documentation as, this Agreement and the Related Agreements.

Appears in 1 contract

Samples: Securities Purchase Agreement (Trinity Learning Corp)

Additional Investment. The Company agrees and acknowledges that the Purchaser shall have the right (at its sole option), on or prior to the date which is 270 days following the Closing Date, to issue purchase an additional note to (the "Additional Note") from the Company in an aggregate principal amount of up to $2,000,000 1,300,000 on the same terms and conditions (including, without limitation, the same interest rate, the Fixed Conversion Price (as defined in the Note) then in effect, proportionate warrant coverage (at the same exercise prices), a proportionate amortization schedule, etc.) set forth in, and pursuant to substantially similar documentation as, this Agreement and the Related Agreements.

Appears in 1 contract

Samples: Securities Purchase Agreement (Windswept Environmental Group Inc)

Additional Investment. The Company agrees that the Purchaser shall have the right (at its sole option), on or prior to the date which is 270 days following the Closing Date, to issue purchase an additional term note to be issued by the Company in an aggregate principal amount of up to $2,000,000 960,000, on substantially the same terms and conditions (including, without limitation, the same interest rate, the same Fixed Conversion Price (as defined in the Note) then in effect, proportionate warrant coverage (at the same exercise prices), a proportionate amortization schedule, etc.) set forth in, and pursuant to substantially similar documentation as, this Agreement and the Related Agreements.

Appears in 1 contract

Samples: Securities Purchase Agreement (RPM Technologies Inc)

Additional Investment. The Company agrees that the Purchaser shall have the right (at its sole option), on or prior to the date which is 270 days following the Closing Date, to issue an additional note to the Company in an aggregate principal amount of up to $2,000,000 1,000,000 on the same terms and conditions (including, without limitation, the same interest rate, the Fixed Conversion Price of $1.25 (as such term is defined in the Note) then in effect), proportionate warrant coverage (at the same exercise prices), a proportionate amortization schedule, etc.) set forth in, and pursuant to substantially similar documentation as, this Agreement and the Related Agreements.

Appears in 1 contract

Samples: Securities Purchase Agreement (Rezconnect Technologies Inc)

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Additional Investment. The Company agrees and acknowledges that ---------------------- the Purchaser shall have the right (at its sole option), on or prior to the date which is 270 180 days following the Closing Date, to issue an additional note to the Company in an aggregate principal amount of up to $2,000,000 15,000,000 but not less than $1,000,000 on the same terms and conditions (including, without limitation, the same interest rate, the Fixed Conversion Price (as defined in the Note) then in effect, proportionate warrant coverage (at the same exercise prices), a proportionate amortization schedule, etc.) set forth in, and pursuant to substantially similar documentation as, this Agreement and the Related Agreements. The Purchaser agrees and acknowledges that no new warrants or options must be granted by the Company to the Purchaser in connection with such additional investment.

Appears in 1 contract

Samples: Securities Purchase Agreement (New Century Energy Corp.)

Additional Investment. The Company agrees that the Purchaser shall have the right (at its sole option), on or prior to the date which is 270 days following the Closing Date, to issue an additional note to the Company in an aggregate principal amount of up to $2,000,000 7,000,000 on the same terms and conditions (including, without limitation, the same interest rate, the Fixed Conversion Price (as defined in the Note) then in effect, proportionate warrant coverage (at the same exercise prices), a proportionate amortization schedule, etc.) set forth in, and pursuant to substantially similar documentation as, this Agreement and the Related Agreements.

Appears in 1 contract

Samples: Securities Purchase Agreement (Fast Eddie Racing Stables Inc)

Additional Investment. The Company agrees that the Purchaser shall have the right (at its sole option), on or prior to the date which is 270 120 days following the Closing Date, to issue an additional note to the Company in an aggregate principal amount of up to $2,000,000 1,000,000 on the same terms and conditions (including, without limitation, the same interest rate, the Fixed Conversion Price of $0.10 (as such term is defined in the Note) then in effect), proportionate warrant coverage (at the same exercise prices), a proportionate amortization schedule, etc.) set forth in, and pursuant to substantially similar documentation as, this Agreement and the Related Agreements.

Appears in 1 contract

Samples: Securities Purchase Agreement (Science Dynamics Corp)

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