Common use of Lender undertaking Clause in Contracts

Lender undertaking. Lender covenants that it will not sell, transfer, assign, hypothecate or pledge in any way any of the Warrants and shares of Common Stock unless the resale of the securities have been registered for resale under the Securities Act and in compliance with applicable prospectus delivery requirements, if any, or otherwise in compliance with the requirements of an available exemption from registration under the Securities Act and the rules and regulations promulgated thereunder.

Lender undertaking. Lender covenants that it he will not sell, transfer, assign, hypothecate or pledge in any way any of the Warrants and shares of Common Stock unless the resale of the securities have been registered for resale under the Securities Act and in compliance with applicable prospectus delivery requirements, if any, or otherwise in compliance with the requirements of an available exemption from registration under the Securities Act and the rules and regulations promulgated thereunder.