Common use of Financial Statement Restatement Clause in Contracts

Financial Statement Restatement. The Borrower replaces its auditor, or any restatement of any financial statements filed by the Borrower with the SEC for any date or period from two years prior to the Issue Date of this Note and until this Note is no longer outstanding, if the result of such restatement would, by comparison to the unrestated financial statement, have constituted a material adverse effect on the rights of the Holder with respect to this Note.

Appears in 6 contracts

Samples: Equity Purchase Agreement (Two Hands Corp), Securities Purchase Agreement (Chron Organization, Inc.), Securities Purchase Agreement (Vet Online Supply Inc)

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Financial Statement Restatement. The Borrower replaces its auditor, or any restatement of restates any financial statements filed by the Borrower with the SEC for any date or period from two years prior to the Issue Date of this Note and until this Note is no longer outstanding, if the result of such restatement would, by comparison to the unrestated financial statementstatements, have constituted a material adverse effect on the Borrower or the rights of the Holder with respect to this Note.

Appears in 1 contract

Samples: Exchange Agreement (Sphere 3D Corp)

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