No Variable Rate Transactions or Related Party Payments. From the date hereof until the date upon which the Pre-Paid Advance has been repaid in full, the Company shall not (A) repay any loans to any executives or employees of the Company or to make any payments in respect of any related party debt, or (B) effect or enter into an agreement to effect a Variable Rate Transaction, except with the Investor. The Investor shall be entitled to seek injunctive relief against the Company and its Subsidiaries to preclude any such issuance, which remedy shall be in addition to any right to collect damages, without the necessity of showing economic loss and without any bond or other security being required.
Appears in 2 contracts
Sources: Prepaid Advance Agreement (BioAtla, Inc.), Prepaid Advance Agreement (Rekor Systems, Inc.)