Common use of Negative Covenants of the Company Clause in Contracts

Negative Covenants of the Company. Without limiting any other covenants and divisions hereof, the Company covenants and agrees that it will comply (and will cause each Subsidiary to comply) with each of the provisions of this Article IV on and after the date hereof and until the consummation of the first Qualified Public Offering; provided, however, that the provisions of Section 4.2 shall continue in force only so long as there are Purchased Shares outstanding.

Appears in 3 contracts

Samples: Redemption Agreement (Lets Talk Cellular & Wireless Inc), Preferred Stock Purchase Agreement (Lets Talk Cellular & Wireless Inc), Redemption Agreement (Lets Talk Cellular & Wireless Inc)

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Negative Covenants of the Company. Without limiting any other covenants and divisions provisions hereof, the Company covenants and agrees that it will comply (and will cause each Subsidiary to comply) with each of the provisions of this Article IV on and after the date hereof and until conversion of all the consummation of the first Qualified Public Offering; provided, however, that the provisions of Section 4.2 shall continue in force only so long as there are Purchased Shares outstandingSeries A Preferred Stock.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Lecroy Corp), Stock Purchase Agreement (Lecroy Corp)

Negative Covenants of the Company. Without limiting any other covenants and divisions provisions hereof, the Company covenants and agrees that except as is otherwise provided in Section 11.4, it will comply (and will cause each Subsidiary to comply) for the benefit of the Purchasers with each of the provisions of this Article IV on and after the date hereof Closing Date and until the first to occur of (i) consummation of the first a Qualified Public Offering; provided, however, that Offering and (ii) repayment of all obligations under the provisions Debentures and redemption of Section 4.2 shall continue in force only so long as there are Purchased Shares outstandingall Warrants or Warrant Shares.

Appears in 2 contracts

Samples: Warrant Agreement (Logical Design Solutions Inc), Warrant Purchase Agreement (Logical Design Solutions Inc)

Negative Covenants of the Company. Without limiting any other covenants and divisions provisions hereof, the Company covenants and agrees that it will comply (and will cause each Subsidiary to comply) for the benefit of the Purchasers with each of the provisions of this Article IV V on and after the date hereof Closing Date and until the consummation of the first Qualified Public Offering; provided, however, that the provisions of Section 4.2 shall continue in force only so long as there are Purchased Shares outstanding.

Appears in 1 contract

Samples: Stock Purchase and Redemption Agreement (Triton Systems Inc / Fa)

Negative Covenants of the Company. AND SUMMIT ENTITIES ----------------------------------------------------- Without limiting any other covenants and divisions provisions hereof, the Company covenants and agrees that it will comply (and will cause each Subsidiary to comply) with each of the provisions of this Article IV on and after the date hereof and until the consummation payment of the first Qualified Public Offering; provided, however, that the provisions of Section 4.2 shall continue Debentures in force only so long as there are Purchased Shares outstandingfull.

Appears in 1 contract

Samples: Subordinated Debenture Purchase Agreement (American Dental Partners Inc)

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Negative Covenants of the Company. Without limiting any other covenants and divisions provisions hereof, the Company covenants and agrees that it will comply (and will cause each Subsidiary to comply) with each of the provisions of this Article IV on and after the date hereof and until the consummation sale of all the first Qualified Public Offering; provided, however, that the provisions of Section 4.2 shall continue in force only so long as there are Purchased Shares outstandingand Warrant Shares.

Appears in 1 contract

Samples: Securities Purchase Agreement (Asymetrix Learning Systems Inc)

Negative Covenants of the Company. Without limiting any other covenants and divisions provisions hereof, the Company covenants and agrees that it will comply (and will cause each Subsidiary to comply) with each of the provisions of this Article IV on and after the date hereof and until the consummation earlier of the first conversion of all the Series C Preferred Stock or the closing of a Qualified Public Offering; provided, however, that the provisions of Section 4.2 shall continue in force only so long as there are Purchased Shares outstanding.

Appears in 1 contract

Samples: Stock Purchase Agreement (CVC Inc)

Negative Covenants of the Company. Without limiting any other covenants and divisions provisions hereof, the Company covenants and agrees that it will comply (and will cause each Subsidiary to comply) with each of the provisions of this Article IV on and after the date hereof and until the consummation of the first Qualified Public Offering; provided, however, that the provisions of Section 4.2 4.1 shall continue in force -------- ------- only so long as there are Purchased Shares outstandingoutstanding and the provisions of Section 4.3 shall continue in force only as stated therein.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Opnet Technologies Inc)

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