Common use of Payment Set Aside Clause in Contracts

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser pursuant to any Transaction Document or a Purchaser enforces or exercises its rights thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 11 contracts

Samples: Securities Purchase Agreement (Jupiter Neurosciences, Inc.), Securities Purchase Agreement (White River Energy Corp.), Securities Purchase Agreement (White River Energy Corp.)

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Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser the Buyer hereunder or pursuant to any Transaction Document the Note or a Purchaser the Warrant, or the Buyer enforces or exercises its rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person or entity under any law (including, without limitation, any bankruptcy law, foreign, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 10 contracts

Samples: Securities Purchase Agreement (Cachet Financial Solutions, Inc.), Securities Purchase Agreement (Quantumsphere, Inc.), Securities Purchase Agreement (That Marketing Solution, Inc.)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser Subscriber hereunder or pursuant to any of the other Transaction Document Documents or a Purchaser any Subscriber enforces or exercises its rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, Company or any Subsidiary by a trustee, receiver or any other person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 6 contracts

Samples: Subscription Agreement (Metalico Inc), Subscription Agreement (SMTC Corp), Seventh Amendment Subscription Agreement (SMTC Corp)

Payment Set Aside. To the extent that the Company or its Subsidiaries PubCo makes a payment or payments to any Purchaser the Buyers hereunder or pursuant to any of the other Transaction Document Documents or a Purchaser enforces the Buyers enforce or exercises its exercise their rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, foreign, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 6 contracts

Samples: Notes Securities Purchase Agreement (Global Employment Holdings, Inc.), Preferred Stock Securities Purchase Agreement (Global Employment Holdings, Inc.), Notes Securities Purchase Agreement (Global Employment Holdings, Inc.)

Payment Set Aside. To the extent that the Company or and/or any of its Subsidiaries makes a payment or payments to any Purchaser the Buyers hereunder or pursuant to any of the other Transaction Document Documents or a Purchaser enforces the Buyers enforce or exercises its exercise their rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, foreign, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 5 contracts

Samples: Securities Purchase Agreement (Ascendia Brands, Inc.), Securities Purchase Agreement (Ascendia Brands, Inc.), Securities Purchase Agreement (Ascendia Brands, Inc.)

Payment Set Aside. To the extent that the Company or its Subsidiaries Parent makes a payment or payments to any Purchaser the Buyers hereunder or pursuant to any of the other Transaction Document Documents or a Purchaser enforces the Buyers enforce or exercises its exercise their rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such SubsidiaryParent, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, foreign, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 5 contracts

Samples: Securities Purchase Agreement (Guardian 8 Holdings), Securities Purchase Agreement (EnerJex Resources, Inc.), Securities Purchase Agreement (PRB Energy, Inc.)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser pursuant to any Transaction Document or a the Agent or any Purchaser enforces or exercises its rights thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiaryany of its Subsidiaries, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 4 contracts

Samples: Securities Purchase Agreement (Madison Technologies Inc.), Securities Purchase Agreement (PhoneBrasil International Inc), Securities Purchase Agreement (Madison Technologies Inc.)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser Subscriber hereunder or pursuant to any of the other Transaction Document Documents or a Purchaser any Subscriber enforces or exercises its rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, Company or any Company Subsidiary by a trustee, receiver or any other person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 4 contracts

Samples: Subscription Agreement (TherapeuticsMD, Inc.), Subscription Agreement (TherapeuticsMD, Inc.), Subscription Agreement (TherapeuticsMD, Inc.)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser the Buyer hereunder or pursuant to any of the other Transaction Document Documents or a Purchaser the Buyer enforces or exercises its rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, foreign, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 4 contracts

Samples: Securities Purchase Agreement (Medicine Man Technologies, Inc.), Securities Purchase Agreement (Quest Patent Research Corp), Securities Purchase Agreement (Daystar Technologies Inc)

Payment Set Aside. To the extent that the Company or its Subsidiaries Corporation makes a payment or payments to any Purchaser the Purchasers hereunder or pursuant to any of the other Transaction Document Documents or a Purchaser enforces the Purchasers enforce or exercises its exercise their rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such SubsidiaryCorporation, a trustee, receiver or any other person under any law (including, without limitation, any bankruptcy law, foreign, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 4 contracts

Samples: Stock Purchase Agreement (Texas Capital Bancshares Inc/Tx), Stock Purchase Agreement (Texas Capital Bancshares Inc/Tx), Stock Purchase Agreement (Prospect Capital Corp)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser the Buyer hereunder or pursuant to any of the other Transaction Document Documents or a Purchaser the Buyer enforces or exercises its rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration and, to the extent permitted under applicable law, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Skandalaris Robert J), Securities Purchase Agreement (Noble International, Ltd.), Securities Purchase Agreement (ArcelorMittal)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser hereunder or pursuant to the Additional Investment Rights or Warrants or any Transaction Document or a Purchaser enforces or exercises its rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, Company by a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Global Epoint Inc), Securities Purchase Agreement (Sulphco Inc), Securities Purchase Agreement (Sulphco Inc)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser hereunder or pursuant to the Notes or Warrants or any Transaction Document or a Purchaser enforces or exercises its rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, Company by a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Satcon Technology Corp), Securities Purchase Agreement (Ipix Corp), Securities Purchase Agreement (ProLink Holdings Corp.)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser the Subscriber hereunder or pursuant to any of the other Transaction Document Documents or a Purchaser the Subscriber enforces or exercises its rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, Company or any Company Subsidiary by a trustee, receiver or any other person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 3 contracts

Samples: Subscription Agreement (TherapeuticsMD, Inc.), Subscription Agreement (TherapeuticsMD, Inc.), Subscription Agreement (TherapeuticsMD, Inc.)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser hereunder or pursuant to either the Additional Investment Rights or the Warrants, or any Transaction Document or a Purchaser enforces or exercises its rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, Company by a trustee, receiver or any other person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Stockeryale Inc), Securities Purchase Agreement (Radview Software LTD), Securities Purchase Agreement (Stockeryale Inc)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser pursuant to any Transaction Document or a Purchaser enforces or exercises its rights thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect (to the extent that they have not been found invalid due to the Purchaser’s breach of the Transaction Documents) as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Cardima Inc), Securities Purchase Agreement (Cardima Inc), Securities Purchase Agreement (Cardima Inc)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser hereunder or pursuant to any of the other Transaction Document Documents or a any Purchaser enforces or exercises its rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, Company or any Subsidiary by a trustee, receiver or any other person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 3 contracts

Samples: Subscription Agreement (Tennenbaum Capital Partners LLC), Subscription Agreement (Dialogic Inc.), Subscription Agreement (Dialogic Inc.)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any the Purchaser hereunder or pursuant to any of the other Transaction Document Documents or a the Purchaser enforces or exercises its rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Qsound Labs Inc), Securities Purchase Agreement (Qsound Labs Inc), Securities Purchase Agreement (NGAS Resources Inc)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser the Buyer hereunder or pursuant to any of the other Transaction Document Documents or a Purchaser the Buyer enforces or exercises its heir rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, foreign, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Enerpulse Technologies, Inc.), Securities Purchase Agreement (Enerpulse Technologies, Inc.), Securities Purchase Agreement (Enerpulse Technologies, Inc.)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser Buyer hereunder or pursuant to any Transaction Document the Registration Rights Agreement, the Certificate of Designations or a Purchaser enforces the Buyers enforce or exercises its exercise their rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Midway Games Inc), Securities Purchase Agreement (Midway Games Inc), Securities Purchase Agreement (Alloy Online Inc)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser hereunder or pursuant to the Additional Investment Rights or the Warrants, or any Transaction Document or a Purchaser enforces or exercises its rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, Company by a trustee, receiver or any other person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Worldgate Communications Inc), Securities Purchase Agreement (Worldgate Communications Inc), Securities Purchase Agreement (Worldgate Communications Inc)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any the Purchaser hereunder or pursuant to any the Transaction Document Documents or a the Purchaser enforces or exercises its the Purchaser’s rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 3 contracts

Samples: Investor Rights Agreement (Healthaxis Inc), Investor Rights Agreement (Healthaxis Inc), Investor Rights Agreement (Tak Sharad Kumar)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser pursuant to any Transaction Document the Investor hereunder or a Purchaser the Registration Rights Agreement or the Investor enforces or exercises its rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person GOVERNING LAW; MISCELLANEOUS - continued under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 2 contracts

Samples: Investment Agreement (12 to 20 Plus Inc), Investment Agreement (12 to 20 Plus Inc)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any the Purchaser hereunder or pursuant to any Transaction Document the Registration Rights Agreement or a the Certificate of Designations or the Purchaser enforces or exercises its rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, by a trustee, receiver or any other person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Clarient, Inc), Stock Purchase Agreement (Clarient, Inc)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser the Buyers hereunder or pursuant to any Transaction Document the Registration Rights Agreement or a Purchaser enforces the Certificate of Designations or exercises its the Buyers enforce or exercise their rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.. * * * * * *

Appears in 2 contracts

Samples: Securities Purchase Agreement (Immune Response Corp), Securities Purchase Agreement (Immunomedics Inc)

Payment Set Aside. To the extent that the Company or its Subsidiaries Borrower makes a payment or payments to any Purchaser the Lender pursuant to any Transaction Document this Agreement, or a Purchaser the Lender enforces or exercises its rights thereunder, and such the Borrower’s payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such SubsidiaryBorrower, a trustee, receiver or any other person or entity under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 2 contracts

Samples: Convertible Credit Agreement (Hapi Metaverse Inc.), Convertible Credit Agreement (Value Exchange International, Inc.)

Payment Set Aside. To the extent that the Company or any of its Subsidiaries makes a payment or payments to any Purchaser pursuant to Investor hereunder or under any of the other Transaction Document Documents or a Purchaser any Investor enforces or exercises its rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, Company or such Subsidiary, by a trustee, receiver or any other person Person under any law (including, without limitation, including any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Larimar Therapeutics, Inc.), Securities Purchase Agreement (Larimar Therapeutics, Inc.)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser hereunder or pursuant to the Additional Investment Rights, or any Transaction Document or a Purchaser enforces or exercises its rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, Company by a trustee, receiver or any other person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Ipix Corp), Securities Purchase Agreement (Icad Inc)

Payment Set Aside. To the extent that the Company or its Subsidiaries Borrower makes a payment or payments to any Purchaser the Agent and the Lenders hereunder or pursuant to any of the other Transaction Document Documents or a Purchaser enforces the Agent and the Lenders enforce or exercises its exercise their rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such SubsidiaryBorrower, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, foreign, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 2 contracts

Samples: Financing Agreement (Basil Street Cafe, Inc.), Financing Agreement (Basil Street Cafe, Inc.)

Payment Set Aside. To the extent that the Company or its Subsidiaries any Note Party makes a payment or payments to any Purchaser the Purchasers hereunder or pursuant to any of the other Transaction Document Documents or a Purchaser enforces the Purchasers enforce or exercises its exercise their rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiaryany Note Party, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, foreign, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 2 contracts

Samples: Note Purchase Agreement (Tuesday Morning Corp/De), Note Purchase Agreement (Tuesday Morning Corp/De)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or ------------------- payments to any Purchaser pursuant to any Transaction Document or a Purchaser enforces or exercises its rights thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall shall, to the extent permissible under applicable law, be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 2 contracts

Samples: Securities Purchase Agreement (China World Trade Corp), Securities Purchase Agreement (China World Trade Corp)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any the Purchaser hereunder or pursuant to any Transaction Document the Registration Rights Agreement or a the Purchaser enforces or exercises its their rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 2 contracts

Samples: Restructuring Agreement (Geron Corporation), Securities Purchase Agreement (Geron Corporation)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser the Buyers hereunder or pursuant to any Transaction Document the Certificate of Designations or a Purchaser enforces the Buyers enforce or exercises its exercise their rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.. * * * * * *

Appears in 2 contracts

Samples: Securities Purchase Agreement (Alpha Beta Technology Inc), Securities Purchase Agreement (Intelect Communications Inc)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser the Buyers hereunder or pursuant to any Transaction Document the Certificate of Designations or a Purchaser enforces the Buyers enforce or exercises its exercise their rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Intelect Communications Inc), Securities Purchase Agreement (Intelect Communications Inc)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser the Buyers hereunder or pursuant to any Transaction Document the Registration Rights Agreement the Certificate of Designations or a Purchaser enforces Warrants or exercises its the Buyers enforce or exercise their rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Digs Inc), Securities Purchase Agreement (Digs Inc)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes Buyer receives a payment or payments to any Purchaser hereunder or pursuant to any the other Transaction Document Documents or a Purchaser the Buyer enforces or exercises its rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.. * * * * * *

Appears in 2 contracts

Samples: Securities Purchase Agreement (A D a M Software Inc), Securities Purchase Agreement (A D a M Software Inc)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser the Buyer hereunder or pursuant to any Transaction Document the Note or a Purchaser Warrant or the Buyer enforces or exercises its rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.. * * * * * *

Appears in 2 contracts

Samples: Securities Purchase Agreement (Altair International Inc), Securities Purchase Agreement (Altair International Inc)

Payment Set Aside. To the extent that any of the Company or its Subsidiaries Borrowers makes a payment or payments to any Purchaser the Lenders hereunder or pursuant to any of the other Transaction Document Documents or a Purchaser enforces the Lenders enforce or exercises its exercise their rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to any of the Company, such SubsidiaryBorrowers, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, foreign, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 2 contracts

Samples: Financing Agreement (Unigene Laboratories Inc), Financing Agreement (Jamba, Inc.)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser the Buyers hereunder or pursuant to any of the other Transaction Document Documents or a Purchaser enforces the Buyers or exercises its the Collateral Agent, as applicable, enforce or exercise their rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, foreign, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Comanche Clean Energy Corp), Securities Purchase Agreement (Golden Autumn Holdings Inc.)

Payment Set Aside. To the extent that Parent or the Company or its Subsidiaries makes a payment or payments to any Purchaser the Buyers hereunder or pursuant to any of the other Transaction Document Documents or a Purchaser enforces the Buyers enforce or exercises its exercise their rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to Parent or the Company, such Subsidiary, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, foreign, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 2 contracts

Samples: Share Purchase Agreement (Glori Energy Inc.), Share Purchase Agreement (Infinity Cross Border Acquisition Corp)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes Buyer receives a payment or payments to any Purchaser hereunder or pursuant to any the other Transaction Document Documents or a Purchaser the Buyer enforces or exercises its rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 2 contracts

Samples: Master Facility Agreement (5th Avenue Channel Corp), Master Facility Agreement (5th Avenue Channel Corp)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment ----------------- or payments to any Purchaser the Buyers hereunder or pursuant to any Transaction Document the Registration Rights Agreement, the Certificate of Designations or a Purchaser enforces the Warrants or exercises its the Buyers enforce or exercise their rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.. * * * * * *

Appears in 2 contracts

Samples: Securities Purchase Agreement (Medcare Technologies Inc), Securities Purchase Agreement (Medcare Technologies Inc)

Payment Set Aside. To the extent that the Company PrivateCo or its Subsidiaries PublicCo makes a payment or payments to any Purchaser the Buyers hereunder or pursuant to any of the other Transaction Document Documents or a Purchaser enforces the Buyers enforce or exercises its exercise their rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such SubsidiaryPrivateCo or PublicCo, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, foreign, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Cellect Biotechnology Ltd.), Securities Purchase Agreement (Vallon Pharmaceuticals, Inc.)

Payment Set Aside. To the extent that the Company or its Subsidiaries Companies makes a payment or payments to any Purchaser the Buyers hereunder or pursuant to any of the other Transaction Document Documents or a Purchaser enforces the Buyers enforce or exercises its exercise their rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to any of the Company, such SubsidiaryCompanies, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, foreign, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Qsgi Inc.), Securities Purchase Agreement (Qsgi Inc.)

Payment Set Aside. To the extent that the Company or its Subsidiaries Borrower makes a payment or payments to any Purchaser Lender pursuant to any Transaction Document this Agreement, or a Purchaser Lender enforces or exercises its rights thereunder, and such the Borrower’s payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such SubsidiaryBorrower, a trustee, receiver or any other person or entity under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 2 contracts

Samples: Convertible Credit Agreement (Value Exchange International, Inc.), Convertible Credit Agreement (GigWorld Inc.)

Payment Set Aside. To the extent that the Company or its Subsidiaries Corporation makes a payment or payments to any Purchaser the Purchasers hereunder or pursuant to any of the other Transaction Document Documents or a Purchaser enforces the Purchasers enforce or exercises its exercise their rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such SubsidiaryCorporation, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, foreign, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Pinnacle Financial Partners Inc), Registration Rights Agreement (Provident Bankshares Corp)

Payment Set Aside. To the extent that the Company or its any of the Subsidiaries makes a payment or payments to any Purchaser pursuant to any Transaction Document the holders of Preferred Shares hereunder or a Purchaser enforces such holders enforce or exercises its exercise their rights thereunderhereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, Company or such Subsidiary, by a trustee, receiver or any other person Person under any law (including, without limitation, including any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Stereotaxis, Inc.), Securities Purchase Agreement (LENSAR, Inc.)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser the Subscriber hereunder or pursuant to any of the other Transaction Document Documents or a Purchaser the Subscriber enforces or exercises its rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, Company or any of its Subsidiaries by a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 1 contract

Samples: Subscription Agreement (Imation Corp)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser pursuant to or holder of Notes hereunder or under the Notes or any Transaction Document Purchaser or a Purchaser holder of Notes enforces its rights or exercises its rights right of setoff hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise setoff or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person Person under any law (including, without limitation, including any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (International Textile Group Inc)

Payment Set Aside. To the extent that the Company or its Subsidiaries any Guarantor makes a payment or payments to any Purchaser the Buyer hereunder or pursuant to any of the other Transaction Document Documents or a Purchaser enforces the Buyer enforce or exercises its exercise their rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiaryany Guarantor, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, foreign, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 1 contract

Samples: Purchase Agreement Purchase Agreement (Kv Pharmaceutical Co /De/)

Payment Set Aside. To the extent that the Company or its Subsidiaries Borrower makes a payment ----------------- or payments to any Purchaser pursuant to any Transaction Document Lender hereunder or a Purchaser under the Subordinated Note or Lender enforces its rights or exercises its rights right or setoff hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise setoff or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such SubsidiaryBorrower, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 1 contract

Samples: Loan Agreement (Krasovec Frank P)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment ----------------- or payments to any Purchaser the Investor hereunder or pursuant to the Registration Rights Agreement, any Transaction Document of the Certificates of Designations or a Purchaser the Investor enforces or exercises its rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 1 contract

Samples: Redemption and Exchange Agreement (Microstrategy Inc)

Payment Set Aside. To the extent that any of the Company or its Subsidiaries Borrowers makes a payment or payments to any Purchaser the Lenders hereunder or pursuant to any of the other Transaction Document Documents or a Purchaser enforces the Lenders enforce or exercises its exercise their rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to any of the Company, such SubsidiaryBorrowers, a trustee, receiver or any other person Person under any law (including, without limitation, including any bankruptcy law, foreign, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 1 contract

Samples: Financing Agreement (Unigene Laboratories Inc)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser the Buyers hereunder or pursuant to any Transaction Document the Registration Rights Agreement or a Purchaser enforces the Certificates of Designations or exercises its the Buyers enforce or exercise their rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, by a trustee, receiver or any other person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.. * * * * * *

Appears in 1 contract

Samples: Securities Purchase Agreement (Divine Inc)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser the Buyer hereunder or pursuant to any Transaction Document the Notes or a Purchaser the Warrant, or the Buyer enforces or exercises its rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person or entity under any law (including, without limitation, any bankruptcy law, foreign, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 1 contract

Samples: Securities Purchase Agreement (Eventure Interactive, Inc.)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser the Subscriber hereunder or pursuant to any Transaction Document the Registration Rights Agreement or a Purchaser the Certificate or the Subscriber enforces or exercises its rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action)) by the court of competent jurisdiction in a final non-appealable judgment, then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff set-off had not occurred.

Appears in 1 contract

Samples: Subscription Agreement (Centura Software Corp)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser Buyer hereunder or pursuant to any Transaction Document the Registration Rights Agreement, the Certificate of Designations or a Purchaser enforces the Warrants or exercises its the Buyers enforce or exercise their rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 1 contract

Samples: Securities Purchase Agreement (Net2000 Communications Inc)

Payment Set Aside. To the extent permitted by applicable law, and to the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser hereunder or pursuant to the Warrants or any Transaction Document or a Purchaser enforces or exercises its rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, Company by a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 1 contract

Samples: Securities Purchase Agreement (Ace Comm Corp)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser the Buyers hereunder or pursuant to any Transaction Document the Registration Rights Agreement, the Certificate of Designations or a Purchaser enforces Warrants or exercises its the Buyers enforce or exercise their rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.. * * * * * *

Appears in 1 contract

Samples: Securities Purchase Agreement (Log on America Inc)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment ------------------ or payments to any Purchaser the Investors hereunder or pursuant to any of the other Transaction Document Documents or a Purchaser enforces the Investors enforce or exercises its exercise their rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, foreign, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 1 contract

Samples: Securities Exchange Agreement (Charys Holding Co Inc)

Payment Set Aside. To the extent that any of the Company or its Subsidiaries Credit Parties makes a payment or payments to any Purchaser the Lender hereunder or pursuant to any of the other Transaction Document Documents or a Purchaser the Lender enforces or exercises its rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to any of the Company, such SubsidiaryCredit Parties, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy lawBankruptcy Code, foreign, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred. [Intentionally left blank.

Appears in 1 contract

Samples: Debt Repayment and Exchange Agreement (Midwest Energy Emissions Corp.)

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Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or ------------------- payments to any Purchaser the Buyers hereunder or pursuant to any of the other Transaction Document Documents or a Purchaser enforces the Buyers enforce or exercises its exercise their rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, foreign, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 1 contract

Samples: Securities Purchase Agreement (Charys Holding Co Inc)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments ----------------- to any Purchaser the Purchasers hereunder or pursuant to any of the other Transaction Document Documents or a Purchaser enforces the Purchasers enforce or exercises its exercise their rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.. (s)

Appears in 1 contract

Samples: Securities Purchase Agreement (Genus Inc)

Payment Set Aside. To the extent that either of the Company or its Subsidiaries Companies makes a payment or payments to any Purchaser the Buyers hereunder or pursuant to any of the other Transaction Document Documents or a Purchaser enforces the Buyers enforce or exercises its exercise their rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to either of the Company, such SubsidiaryCompanies, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, foreign, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 1 contract

Samples: Securities Purchase Agreement (ABX Holdings, Inc.)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser the Buyers hereunder or pursuant to any Transaction Document the Registration Rights Agreement or a Purchaser enforces the Certificate of Amendment or exercises its the Buyers enforce or exercise their rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.. * * * * * *

Appears in 1 contract

Samples: Securities Purchase Agreement (Andrea Electronics Corp)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser the Holder hereunder or pursuant to any of the other Transaction Document Documents, as amended by this Agreement, or a Purchaser enforces the Holder enforce or exercises its exercise their rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, foreign, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 1 contract

Samples: Prepayment Agreement (Immunicon Corp)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser a Buyer hereunder or pursuant to any of the other Transaction Document Documents or a Purchaser Buyer enforces or exercises its such Buyer’s rights hereunder or thereunder, and such the payment or payments or the proceeds of such the enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, foreign, state or federal law, common law or equitable cause of action), then to the extent of any such the restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such the payment had not been made or such the enforcement or setoff had not occurred.

Appears in 1 contract

Samples: Securities Purchase Agreement (Adcare Health Systems Inc)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a ----------------- payment or payments to any Purchaser Investor hereunder or pursuant to the Exchange Registration Rights Agreement or the Exchange Certificate of Amendment or any Transaction Document or a Purchaser Investor enforces or exercises its rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 1 contract

Samples: Redemption and Conversion Agreement (Netplex Group Inc)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser Buyer hereunder or pursuant to any Transaction Document the Registration Rights Agreement, the Certificate of Designation or a Purchaser enforces the Warrants or exercises its the Buyers enforce or exercise their rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 1 contract

Samples: Securities Purchase Agreement (Applied Digital Solutions Inc)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser the Buyers hereunder or pursuant to any of the other Transaction Document Documents or a Purchaser enforces the Certificate of Designations or exercises its the Buyers enforce or exercise their rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.. * * * * * *

Appears in 1 contract

Samples: Securities Purchase Agreement (Intraware Inc)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a ----------------- payment or payments to any Purchaser the Investor hereunder or pursuant to the Registration Rights Agreement, any Transaction Document of the Certificates of Designations or a Purchaser the Investor enforces or exercises its rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 1 contract

Samples: Redemption and Exchange Agreement (Microstrategy Inc)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser the Buyers hereunder or pursuant to any Transaction Document the Registration Rights Agreement, the Certificate of Determination or a Purchaser enforces the Warrants or exercises its the Buyers enforce or exercise their rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.. * * * * * *

Appears in 1 contract

Samples: Securities Purchase Agreement (Avanir Pharmaceuticals)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser pursuant to any Transaction Document or a Purchaser enforces or exercises its rights thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or 4856-0725-9043, v.7 otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 1 contract

Samples: Securities Purchase Agreement (Phunware, Inc.)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser pursuant to any Transaction Document or a Purchaser enforces Exhibit C to Securities Purchase Agreement or exercises its rights thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 1 contract

Samples: Securities Purchase Agreement (HII Technologies, Inc.)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any the Purchaser hereunder or pursuant to any Transaction Document the Registration Rights Agreement, the Certificate of Designations or a the Purchaser enforces or exercises its rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.and

Appears in 1 contract

Samples: Securities Purchase Agreement (Hanover Direct Inc)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser the Subscriber hereunder or pursuant to any Transaction Document the Registration Rights Agreement or a Purchaser the Form of Debenture or the Subscriber enforces or exercises its rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff set-off had not occurred.

Appears in 1 contract

Samples: Subscription Agreement (Bio Plexus Inc)

Payment Set Aside. To the extent that the Company or its Subsidiaries Parent makes a payment or payments to any Purchaser Lender hereunder or pursuant to any of the other Amended Transaction Document Documents or a Purchaser Lender enforces or exercises its rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such SubsidiaryParent, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, foreign, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 1 contract

Samples: Consent, and Modification Agreement (Black Raven Energy, Inc.)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any the Purchaser hereunder or pursuant to any of the other Transaction Document Documents or a the Purchaser enforces or exercises its rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person under any law (including, without limitation, any bankruptcy law, foreign, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 1 contract

Samples: Share Purchase Agreement (Wong Fung Ching)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser the Buyer hereunder or pursuant to any of the other Transaction Document Documents, or a Purchaser the Buyer enforces or exercises its rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 1 contract

Samples: Securities Purchase Agreement (Monogram Biosciences, Inc.)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser the Investors hereunder or pursuant to any Transaction Document the New Registration Rights Agreement or a Purchaser enforces the Replacement Warrants or exercises its the Investors enforce or exercise their rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, by a trustee, receiver or any other person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.. * * * * * *

Appears in 1 contract

Samples: Securities Purchase Agreement (Zix Corp)

Payment Set Aside. To the extent permitted by law, to the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser pursuant to any Transaction Document or a Purchaser enforces or exercises its rights thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person under any law (including, without limitation, any bankruptcy law, U.S. federal or state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 1 contract

Samples: Securities Purchase Agreement (Edap TMS Sa)

Payment Set Aside. To the extent that the Company or its Subsidiaries Bank makes a payment or payments to any Purchaser the Purchasers hereunder or pursuant to any of the other Transaction Document Documents or a Purchaser enforces the Purchasers enforce or exercises its exercise their rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such SubsidiaryBank, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, foreign, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 1 contract

Samples: Stock Purchase Agreement (STATE BANK FINANCIAL Corp)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a ----------------- payment or payments to any Purchaser Investor hereunder or pursuant to the Registration Rights Agreement, any Transaction Document of the Certificates of Designations or a Purchaser enforces the Investors enforce or exercises its exercise their rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 1 contract

Samples: Redemption and Exchange Agreement (Microstrategy Inc)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser Buyer hereunder or pursuant to the Notes or the Warrants, or any Transaction Document or a Purchaser Buyer enforces or exercises its rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person or entity under any law (including, without limitation, any bankruptcy law, foreign, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 1 contract

Samples: Securities Purchase Agreement (Nano Dimension Ltd.)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser the Buyer hereunder or pursuant to any of the other Transaction Document Documents or a Purchaser the Buyer enforces or exercises its rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such SubsidiaryCompany by, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 1 contract

Samples: Securities Purchase Agreement (Organitech Usa Inc)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment ----------------- or payments to any Purchaser the Buyers hereunder or pursuant to any Transaction Document the Articles of Amendment or a Purchaser enforces Warrants or exercises its the Buyers enforce or exercise their rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 1 contract

Samples: Securities Purchase Agreement (Goodnoise Corp)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a ----------------- payment or payments to any Purchaser the Buyers hereunder or pursuant to any Transaction Document the Certificate of Designations or a Purchaser enforces Warrants or exercises its the Buyers enforce or exercise their rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.. * * * * * *

Appears in 1 contract

Samples: Securities Purchase Agreement (Efax Com Inc)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser the Buyers hereunder or pursuant to any Transaction Document the Registration Rights Agreement, the Notes or a Purchaser enforces Warrants or exercises its the Buyers enforce or exercise their rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, by a trustee, receiver or any other person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.. * * * * * * -28-

Appears in 1 contract

Samples: Securities Purchase Agreement (Zix Corp)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any the Purchaser hereunder or pursuant to any Transaction Document the Registration Rights Agreement, the Certificate of Designations or a the Purchaser enforces or exercises its rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 1 contract

Samples: Securities Purchase Agreement (Hanover Direct Inc)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser the Purchasers hereunder or pursuant to any Transaction Document the Certificate of Designations or a Purchaser enforces Warrants or exercises its the Purchasers enforce or exercise their rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.. * * * * * *

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Starbase Corp)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser hereunder or pursuant to the Additional Investment Rights or Warrants, or any Transaction Document or a Purchaser enforces or exercises its rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, Company by a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 1 contract

Samples: Securities Purchase Agreement (Ipix Corp)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser a Noteholder hereunder or pursuant to any of the other Transaction Document Documents or a Purchaser Noteholder enforces or exercises its rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, foreign, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 1 contract

Samples: Investment Agreement (China-Biotics, Inc)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser Buyer hereunder or pursuant to any Transaction Document the Registration Rights Agreement, the Certificate of Designations or a Purchaser enforces the Warrants or exercises its the Buyers enforce or exercise their rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.. * * * * * *

Appears in 1 contract

Samples: Securities Purchase Agreement (Etoys Inc)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment ----------------- or payments to any Purchaser Investor hereunder or pursuant to the Amended and Restated Registration Rights Agreement or any Transaction Document of the Certificates of Designations or a Purchaser enforces the Investors enforce or exercises its exercise their rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 1 contract

Samples: Redemption and Exchange Agreement (Microstrategy Inc)

Payment Set Aside. To the extent that the Parent or the Company or its Subsidiaries makes a payment or payments to any the Purchaser pursuant to any Transaction Document or a the Purchaser enforces or exercises its rights thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Parent or the Company, such Subsidiaryas the case may be, a trustee, receiver or any other person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 1 contract

Samples: Securities Purchase Agreement (U S Restaurant Properties Inc)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser the Buyers hereunder or pursuant to any of the other Transaction Document Documents or a Purchaser enforces the Buyers or exercises its the Collateral Agent enforce or exercise their rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, foreign, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 1 contract

Samples: Securities Purchase Agreement ('Mktg, Inc.')

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any the Purchaser pursuant to any Transaction Document or a the Purchaser enforces or exercises its rights thereunder, and such payment or payments or the proceeds of such enforcement or exercise US-DOCS\133667321.2 or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 1 contract

Samples: Securities Purchase Agreement (T2 Biosystems, Inc.)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any the Purchaser pursuant to any Transaction Document hereunder or a under the Note or the Warrant, or the Purchaser enforces enforce their rights or exercises its rights exercise their right of setoff hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise setoff or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (Argyle Security, Inc.)

Payment Set Aside. To the extent that the Company or its Subsidiaries makes a payment or payments to any Purchaser the Subscriber hereunder or pursuant to any Transaction Document the Registration Rights Agreement or a Purchaser the Debenture or the Subscriber enforces or exercises its rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, a trustee, receiver or any other person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff set-off had not occurred.

Appears in 1 contract

Samples: Subscription Agreement (Objective Communications Inc)

Payment Set Aside. To the extent that the Company or its Subsidiaries Companies makes a payment or payments to any Purchaser the Buyers hereunder or pursuant to any of the other Transaction Document Documents or a Purchaser enforces the Buyers enforce or exercises its exercise their rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such SubsidiaryCompanies, a trustee, receiver or any other person Person under any law (including, without limitation, any bankruptcy law, foreign, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 1 contract

Samples: Securities Purchase Agreement (Global Aircraft Solutions, Inc.)

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