Common use of Irrevocable Instructions Clause in Contracts

Irrevocable Instructions. If the Company maintains a transfer agent with respect to its Debentures and/or Common Stock, the Company will irrevocably instruct that the transfer agent issue shares of Common Stock from time to time in such amounts as shall be specified from time to time by the Company to the transfer agent, bearing the restrictive legend specified in Section 5 of this Agreement prior to registration under the Securities Act, registered in the name of the Purchaser or its nominee and in such denominations to be specified by the Purchaser and issuable by the Company. The Company warrants that no instruction other than such instructions referred to in this Section 8 and stop transfer instructions to give effect to Section 5 hereof prior to registration and sale of the Securities under the Securities Act will be given by the Company to the transfer agent and that the securities shall otherwise be freely transferable on the books and records of the Company as and to th extent provided in this Agreement, the Registration Rights Agreement, and applicable law. Nothing in this Section 8 shall affect in any way the Purchaser's obligations and agreement to comply with all applicable securities laws upon resale of the Securities.

Appears in 1 contract

Sources: Securities Purchase Agreement (Dynagen Inc)

Irrevocable Instructions. If Subject to the Company maintains a transfer agent with respect to its Debentures and/or Common Stockprovisions of Section 2.5, the Company will irrevocably instruct that the transfer agent Transfer Agent to issue shares of Common Stock securities from time to time in such amounts as shall be required hereunder and as specified from time to time by the Company to the transfer agent, bearing the restrictive legend specified in Section 5 7 of this Agreement prior to registration of the Securities under the Securities Act, registered in the name of the Purchaser or its nominee and in such denominations to be specified by the Purchaser and issuable by the Companyin connection with each closing hereunder. The Company warrants that no instruction other than such instructions referred to in this Section 8 9 and stop transfer instructions to give effect to Section 5 7 hereof prior to registration and sale of the Securities under the Securities Act will be given by the Company to the transfer agent Transfer Agent and that the securities Securities shall otherwise be freely transferable on the books and records of the Company as and to th the extent provided in this Agreement, the Registration Rights Agreement, and applicable law. Nothing in this Section 8 9 shall affect in any way the Purchaser's obligations and agreement to comply with all applicable securities laws upon resale of the Securities.

Appears in 1 contract

Sources: Common Stock Purchase Agreement (Aquasearch Inc)

Irrevocable Instructions. If Subject to the Company maintains a transfer agent with respect to its Debentures and/or Common Stockprovisions of Section 2.5, the Company will irrevocably instruct that the its transfer agent to issue shares of Common Stock securities from time to time in such amounts as shall be required hereunder and as specified from time to time by the Company to the transfer agent, bearing the restrictive legend specified in Section 5 7 of this Agreement prior to registration of the Securities under the Securities Act, registered in the name of the Purchaser or its nominee and in such denominations to be specified by the Purchaser and issuable by the Companyin connection with each closing hereunder. The Company warrants that no instruction other than such instructions referred to in this Section 8 9 and stop transfer instructions to give effect to Section 5 7 hereof prior to registration and sale of the Securities under the Securities Act will be given by the Company to the transfer agent and that the securities shall otherwise be freely transferable on the books and records of the Company as and to th the extent provided in this Agreement, the Registration Rights Agreement, and applicable law. Nothing in this Section 8 9 shall affect in any way the Purchaser's obligations and agreement to comply with all applicable securities laws upon resale of the Securities.

Appears in 1 contract

Sources: Common Stock Purchase Agreement (Econnect)