Common use of Equity Line Clause in Contracts

Equity Line. For so long as the Debentures are outstanding, the Company shall notify the Purchasers no later than 5 Trading Day prior each draw down by the Company on the Equity Line of Credit pursuant to the Company’s Form S-1, File No. 333-150721 (the “Equity Line”). Additionally, the Company shall file a Form 8-K with respect to such draw down, contemporaneously with or immediately prior to providing the Purchaser with such notice set forth in this Section 4.18.

Appears in 1 contract

Sources: Securities Purchase Agreement (Imaging Diagnostic Systems Inc /Fl/)

Equity Line. For so long as the Debentures are outstanding, the Company shall notify the Purchasers no later than 5 Trading Day prior to each draw down by the Company on the Equity Line of Credit pursuant to the Company’s Form S-1, File No. 333-150721 (the “Equity Line”). Additionally, the Company shall file a Form 8-K with respect to such draw down, contemporaneously with or immediately prior to providing the Purchaser with such notice set forth in this Section 4.18.

Appears in 1 contract

Sources: Securities Purchase Agreement (Imaging Diagnostic Systems Inc /Fl/)