Common use of Term; Exclusivity Clause in Contracts

Term; Exclusivity. This engagement will commence on the date hereof and terminate on the date on which the party receives written notice from the other party of termination of this engagement. During WestPark’s engagement hereunder: (i) the Company will not, and will not permit its representatives to, other than in coordination with WestPark, contact or solicit institutions, corporations or other entities as potential purchasers of the Securities and (ii) the Company will not pursue any financing transaction which would be in lieu of a Transaction. Furthermore, the Company agrees that during W▇▇▇▇▇▇▇’s engagement hereunder, all inquiries, whether direct or indirect, from prospective Investors will be referred to WestPark and will be deemed to have been contacted by WestPark in connection with the Transaction. Either party may terminate this Agreement at any time upon 30 days prior notice at which the Company shall pay to WestPark all fees earned and reimburse WestPark for all expenses incurred, in accordance with Paragraph 7 hereof, respectively. The Company agrees to pay WestPark the fees specified in Paragraph 7 during the time limitations specified herein. The Company agrees that this section 3 and the provisions relating to the payment of fees, reimbursement of expenses, indemnification and contribution, confidentiality, conflicts, independent contractor and waiver of the right to trial by jury will survive any termination of this letter agreement.

Appears in 2 contracts

Sources: Engagement Agreement (Digital Ally Inc), Engagement Agreement (Digital Ally Inc)

Term; Exclusivity. This engagement will commence on the date hereof and terminate on the earlier of (a) the date on which the party receives written notice from the other party of termination of this engagementengagement or (b) the date immediately following the closing of a Transaction contemplated hereunder. During WestPark’s engagement hereunder: (i) the Company will not, and will not permit its representatives to, other than in coordination with WestParkWestPark or with respect to Northbridge Financial, contact or solicit institutions, corporations corporations, individuals, or other entities as potential purchasers of the Securities in a Transaction, and (ii) the Company will not pursue any financing transaction which would be in lieu of a Transaction, other than with Northbridge Financial. Furthermore, the Company agrees that during W▇▇▇▇▇▇▇’s engagement hereunder, all inquiries, whether direct or indirect, from prospective Investors with respect to a Transaction will be referred to WestPark and will be deemed to have been contacted by WestPark in connection with the TransactionTransaction other than with respect to Northbridge Financial. Either party may terminate this Agreement at any time upon 30 ten (10) days prior written notice at which the Company shall pay to WestPark all fees earned and reimburse WestPark for all expenses incurred, in accordance with Paragraph 7 hereof, respectively6. The Company agrees to pay WestPark the any fees specified in Paragraph 7 6 during the time limitations specified herein. The Company agrees that this section Paragraph 3 and the provisions relating to the payment of fees, reimbursement of expenses, indemnification and contribution, confidentiality, conflicts, independent contractor and waiver of the right to trial by jury will survive any termination of this letter agreementAgreement.

Appears in 1 contract

Sources: Engagement Agreement (Real Goods Solar, Inc.)

Term; Exclusivity. This engagement will commence on the date hereof and terminate on the earlier of (a) on the date on which the party receives written notice from the other party of termination of this engagementengagement or (b) the date immediately following the closing of a Transaction contemplated hereunder. During WestPark’s engagement hereunder: (i) the Company will not, and will not permit its representatives to, other than in coordination with WestPark, contact or solicit institutions, corporations corporations, individuals, or other entities as potential purchasers of the Securities in a Transaction and (ii) the Company will not pursue any financing transaction which would be in lieu of a Transaction. Furthermore, the Company agrees that during W▇▇▇▇▇▇▇’s engagement hereunder, all inquiries, whether direct or indirect, from prospective Investors with respect to a Transaction will be referred to WestPark and will be deemed to have been contacted by WestPark in connection with the Transaction. Either party may terminate this Agreement at any time upon 30 ten (10) days prior written notice at which the Company shall pay to WestPark all fees earned and reimburse WestPark for all expenses incurred, in accordance with Paragraph 7 hereof, respectively6. The Company agrees to pay WestPark the any fees specified in Paragraph 7 6 during the time limitations specified herein. The Company agrees that this section Paragraph 3 and the provisions relating to the payment of fees, reimbursement of expenses, indemnification and contribution, confidentiality, conflicts, independent contractor and waiver of the right to trial by jury will survive any termination of this letter agreementAgreement.

Appears in 1 contract

Sources: Engagement Agreement (Real Goods Solar, Inc.)