Exclusivity Period. During the time that Purchaser retains ownership of at least 1,501 Convertible Preferred Shares, Series B (the “Exclusivity Period”), the Company may not accept a financing proposal offered by any other party, unless approved by Purchaser after Purchaser is offered to fund on the same terms, and Company and Purchaser agree to work diligently, in good faith, to negotiate, complete and enter into definitive agreements and related closing documents, reflecting the terms and conditions hereof.
Appears in 7 contracts
Samples: Convertible Preferred Securities Agreement (Ecology Coatings, Inc.), Convertible Preferred Securities Agreement (Ecology Coatings, Inc.), Convertible Preferred Securities Agreement (Ecology Coatings, Inc.)
Exclusivity Period. During the time that Purchaser retains ownership of at least 1,501 1,260 Convertible Preferred Shares, Series B Shares (the “Exclusivity Period”), the Company may not accept a financing proposal offered by any other party, unless approved by Purchaser after Purchaser is offered to fund on the same terms, and Company and Purchaser agree to work diligently, in good faith, to negotiate, complete and enter into definitive agreements and related closing documents, reflecting the terms and conditions hereof.
Appears in 1 contract
Samples: Securities Purchase Agreement (Ecology Coatings, Inc.)
