Common use of Failure to Comply with the 1934 Act Clause in Contracts

Failure to Comply with the 1934 Act. Borrow shall remain current its quarterly, annual and current reports with the Securities and Exchange Commission and shall become subject to the 1934 Act within 180 days. At any time after 180 days following the Issue Date, the Borrower shall fail to comply with the reporting requirements of the 1934 Act and/or the Borrower shall cease to be subject to the reporting requirements of the 1934 Act. It shall be an Event of Default under this Section 3.9 if the Borrower shall file any Notification of Late Filing on Form 12b-25 with the SEC.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Tego Cyber, Inc.), Securities Purchase Agreement (Tego Cyber, Inc.), Securities Purchase Agreement (Tego Cyber, Inc.)

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