Common use of Equal Treatment of Purchaser Clause in Contracts

Equal Treatment of Purchaser. No consideration shall be offered or paid to any Person to amend or consent to a waiver or modification of any provision of any of the Transaction Documents unless the same consideration is also offered to all of the parties to the Transaction Documents. Further, the Company shall not make any payment of principal or interest on the Notes in amounts which are disproportionate to the respective principal amounts outstanding on the Notes at any applicable time. For clarification purposes, this provision constitutes a separate right granted to each Purchaser by the Company and negotiated separately by each Purchaser, and is intended for the Company to treat the Purchaser as a class and shall not in any way be construed as the Purchaser acting in concert or as a group with respect to the purchase, disposition or voting of Securities or otherwise.

Appears in 5 contracts

Samples: Securities Purchase Agreement (White River Energy Corp.), Securities Purchase Agreement (White River Energy Corp.), Securities Purchase Agreement (White River Energy Corp.)

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Equal Treatment of Purchaser. No consideration shall be offered or paid to any Person person to amend or consent to a waiver or modification of any provision of any of the Transaction Documents unless the same consideration is also offered to all of the parties to the Transaction Documents. Further, the Company shall not make any payment of principal or interest on the Notes in amounts which are disproportionate to the respective principal amounts outstanding on the Notes at any applicable time. For clarification purposes, this provision constitutes a separate right granted to each the Purchaser by the Company and negotiated separately by each the Purchaser, and is intended to treat for the Company to treat the Purchaser Note holders as a class and shall not in any way be construed as the Purchaser acting in concert or as a group with respect to the purchase, disposition or voting of Securities or otherwise.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Las Vegas Gaming Inc), Securities Purchase Agreement (Las Vegas Gaming Inc), Securities Purchase Agreement (Becoming Art Inc)

Equal Treatment of Purchaser. No consideration (including any modification of any Transaction Document) shall be offered or paid to any Person to amend or consent to a waiver or modification of any provision of any of the Transaction Documents this Agreement unless the same consideration is also offered to all of the parties to the Transaction Documentsthis Agreement. Further, the Company shall not make any payment of principal or interest on the Notes Note in amounts which are disproportionate to the respective principal amounts amount outstanding on the Notes Note at any applicable time. For clarification purposes, this provision constitutes a separate right granted to each the Purchaser by the Company and negotiated separately by each the Purchaser, and is intended for the Company to treat the Purchaser as a class and shall not in any way be construed as the Purchaser acting in concert or as a group with respect to the purchase, disposition or voting of Securities or otherwise.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Nac Global Technologies, Inc.), Securities Purchase Agreement (Lipidviro Tech Inc)

Equal Treatment of Purchaser. No consideration shall be offered or paid to any Person to amend or consent to a waiver or modification of any provision of any of the Transaction Documents unless the same consideration is also offered to all of the parties to the Transaction Documents. Further, Documents or to all parties simultaneously investing in the Company shall not make any payment of principal or interest on the Notes in amounts which are disproportionate terms identical to the respective principal amounts outstanding on terms set forth in the Notes at any applicable timeTransaction Documents. For clarification purposes, this provision constitutes a separate right granted to each the Purchaser by the Company and negotiated separately by each the Purchaser, and is intended for the Company to treat the Purchaser as a class with other purchasers and shall not in any way be construed as the Purchaser acting in concert or as a group with respect to the purchase, disposition or voting of Securities Shares or otherwise.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Catalyst Pharmaceutical Partners, Inc.), Securities Purchase Agreement (Catalyst Pharmaceutical Partners, Inc.)

Equal Treatment of Purchaser. No consideration (including any modification of any Transaction Document) shall be offered or paid to any Person to amend or consent to a waiver or modification of any provision of any of the Transaction Documents unless the same consideration is also offered to all of the parties to the Transaction Documents. Further, the Company shall not make any payment of principal or interest on the Notes Debentures in amounts which are disproportionate to the respective principal amounts outstanding on the Notes Debentures at any applicable time. For clarification purposes, this provision constitutes a separate right granted to each the Purchaser by the Company and negotiated separately by each the Purchaser, and is intended for the Company to treat the Purchaser as a class and shall not in any way be construed as the Purchaser acting in concert or as a group with respect to the purchase, disposition or voting of Securities or otherwise.

Appears in 1 contract

Samples: Securities Purchase Agreement (Enable Holdings, Inc.)

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Equal Treatment of Purchaser. No consideration (including any modification of any Transaction Document) shall be offered or paid to any Person to amend or consent to a waiver or modification of any provision of any of the Transaction Documents this Agreement unless the same consideration is also offered to all of the parties to the Transaction Documentsthis Agreement. Further, the Company shall not make any payment of principal or interest on the Notes in amounts which are disproportionate to the respective principal amounts outstanding on the Notes at any applicable time. For clarification purposes, this provision constitutes a separate right granted to each Purchaser by the Company and negotiated separately by each Purchaser, and is intended for the Company to treat the Purchaser as a class and shall not in any way be construed as the Purchaser acting in concert or as a group with respect to the purchase, disposition or voting of Securities or otherwise. .

Appears in 1 contract

Samples: Securities Purchase Agreement (Capstone Technologies Group Inc.)

Equal Treatment of Purchaser. No consideration (including any modification of any Transaction Document) shall be offered or paid to any Person to amend or consent to a waiver or modification of any provision of any of the Transaction Documents this Agreement unless the same consideration is also offered to all of the parties to the Transaction Documentsthis Agreement. Further, the Company shall not make any payment of principal or interest on the Notes in amounts which are disproportionate to the respective principal amounts outstanding on the Notes at any applicable time. For clarification purposes, this provision constitutes a separate right granted to each Purchaser by the Company and negotiated separately by each Purchaser, and is intended for the Company to treat the Purchaser as a class and shall not in any way be construed as the Purchaser acting in concert or as a group with respect to the purchase, disposition or voting of Securities or otherwise.

Appears in 1 contract

Samples: Securities Purchase Agreement (Summit Semiconductor Inc.)

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