Common use of Termination of Agreement and Investment Obligation Clause in Contracts

Termination of Agreement and Investment Obligation. The Company shall have the right to terminate this Agreement at any time upon thirty (30) days' written notice to the Investor. The Investor shall have the right to immediately terminate this Agreement (including with respect to any Put, notice of which has been given but the applicable Closing Date has not yet occurred) in accordance with Section 6.12 or in the event that: (i) the Registration Statement with respect to shares of Common Stock purchased through the Early Put is not effective within ninety (90) days following the Subscription Date, (ii) a Registration Statement with respect to shares of Common Stock purchased through any subsequent Put is not effective within ninety (90) days following the applicable Closing Date, (iii) there shall occur any stop order or suspension of the effectiveness of the Registration Statement for an aggregate of thirty (30) Trading Days during the Commitment Period, (iv) the Company shall at any time fail to comply with the requirements of Section 6.2, 6.3, 6.4, 6.5, 6.6, 6.8 or 6.9.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Franklin Telecommunications Corp), Stock Purchase Agreement (Crescent International LTD)

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Termination of Agreement and Investment Obligation. The Company shall have the right to terminate this Agreement at any time upon thirty (30) days' written notice to the Investor. The Investor shall have the right to immediately terminate this Agreement (including with respect to any Put, notice of which has been given but the applicable Closing Date has not yet occurred) in accordance with Section 6.12 or in the event that: (i) the Registration Statement with respect to shares of Common Stock purchased through the Early Put is not effective within ninety ninety-seven (9097) days following the Subscription Date, (ii) a Registration Statement with respect to shares of Common Stock purchased through any subsequent Put is not effective within ninety ninety-seven (9097) days following the applicable Closing Date, (iii) there shall occur any stop order or suspension of the effectiveness of the Registration Statement for an aggregate of thirty (30) Trading Days during the Commitment Period, (iv) the Company shall at any time fail to comply with the requirements of Section 6.2, 6.3, 6.4, 6.5, 6.6, 6.8 or 6.9.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Franklin Telecommunications Corp), Stock Purchase Agreement (Crescent International LTD)

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