Common use of Application of Net Proceeds Clause in Contracts

Application of Net Proceeds. The Company will apply the net proceeds from the offering received by it in a manner consistent with the application described under the caption “Use of Proceeds” in the Prospectus. The Company hereby agrees that, without the express prior written consent of the Representative, the Company will not apply any net proceeds from the offering to pay (i) any debt for borrowed funds or (ii) any debt or obligation owed to any Insider, except as described in the “Use of Proceeds” section of the Prospectus.

Appears in 2 contracts

Samples: Underwriting Agreement (American Telecom Services Inc), Underwriting Agreement (Passport Restaurants, Inc.)

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Application of Net Proceeds. The Company will apply the net proceeds from the offering received by it in a manner consistent with the application described under the caption "Use of Proceeds" in the Prospectus. The Company hereby agrees that, without the express prior written consent of the Representativeexcept as so described, the Company will not apply any net proceeds from the offering to pay (i) any debt for borrowed funds funds, or (ii) any debt or obligation owed to any Insider, except as described in the “Use of Proceeds” section of the Prospectus.

Appears in 2 contracts

Samples: Underwriting Agreement (Augment Systems Inc), Underwriting Agreement (Augment Systems Inc)

Application of Net Proceeds. The Company will apply the net proceeds from the offering received by it in a manner consistent with the application described under the caption “Use of Proceeds” in the Prospectus. The Company hereby agrees that, without the express prior written consent of the RepresentativeUnderwriters, the Company will not apply any net proceeds from the offering to pay (i) any debt for borrowed funds or (ii) any debt or obligation owed to any Insider, except as described in the “Use of Proceeds” section of the Prospectus.

Appears in 1 contract

Samples: Underwriting Agreement (AeroGrow International, Inc.)

Application of Net Proceeds. The Company will apply the net proceeds from the offering received by it in a manner consistent with the application described under the caption “Use of Proceeds” "USE OF PROCEEDS" in the Prospectus. The Company hereby agrees that, without the express prior written consent of the RepresentativeRepresentatives, the Company will not apply any net proceeds from the offering to pay (i) any debt for borrowed funds or (ii) any debt or obligation owed to any Insider, except as described in the “Use of Proceeds” section of the Prospectus.

Appears in 1 contract

Samples: Crossz Software (Cross Z International Inc)

Application of Net Proceeds. The Company will apply the net proceeds from the offering received by it in a manner consistent with the application described under the caption “Use of Proceeds” "USE OF PROCEEDS" in the Prospectus. The Company hereby agrees that, without the express prior written consent of the Representativeexcept as so described, the Company will not apply any net proceeds from the offering to pay (i) any debt for borrowed funds funds, or (ii) any debt or obligation owed to any Insider, except as described in the “Use of Proceeds” section of the Prospectus.

Appears in 1 contract

Samples: Underwriting Agreement (Pivot Rules Inc)

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Application of Net Proceeds. The Company will apply the net proceeds from the offering received by it in a manner consistent with the application described under the caption “Use of Proceeds” "USE OF PROCEEDS" in the Prospectus. The Company hereby agrees that, without the express prior written consent of the RepresentativeUnderwriters, the Company will not apply any net proceeds from the offering to pay (i) any debt for borrowed funds or (ii) any debt or obligation owed to any Insider, except as described in the “Use of Proceeds” section of the Prospectus.

Appears in 1 contract

Samples: Underwriting Agreement (Havana Group Inc)

Application of Net Proceeds. The Company will apply the net --------------------------- proceeds from the offering received by it in a manner consistent with the application described under the caption "Use of Of Proceeds" in the Prospectus. The Company hereby agrees that, without the express prior written consent of the Representative, except as so described, the Company will not apply any net proceeds from the offering to pay (i) any debt for borrowed funds or (ii) any debt or obligation owed to any Insider, except as described in the “Use of Proceeds” section of the Prospectus.

Appears in 1 contract

Samples: Underwriting Agreement (U S Energy Systems Inc)

Application of Net Proceeds. The Company will apply the net proceeds from the offering received by it in a manner consistent in all material respects with the application described under the caption “Use of Proceeds” "USE OF PROCEEDS" in the Prospectus. The Company hereby agrees that, without the express prior written consent of the Representativeexcept as so described, the Company will not apply any net proceeds from the offering to pay (i) any debt for borrowed funds funds, or (ii) any debt or obligation owed to any Insider, except as described in the “Use of Proceeds” section of the Prospectus.

Appears in 1 contract

Samples: Underwriting Agreement (Pivot Rules Inc)

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