Termination of Investment Obligation. The obligation of the Investor to purchase shares of Common Stock shall terminate permanently (including with respect to a Closing Date that has not yet occurred) in the event that (i) there shall occur any stop order or suspension of the effectiveness of the Registration Statement for a consecutive ten day calendar period or for an aggregate of thirty (30) Trading Days during the Commitment Period, for any reason, or (ii) the Company shall at any time fail to comply with the requirements of Section 6.2, 6.3, 6.4, 6.5 or 6.6.
Appears in 4 contracts
Samples: Private Equity Line of Credit Agreement (Vianet Technologies Inc), Credit Agreement (Wealthhound Com Inc), Private Equity Line of Credit Agreement (Commercial Concepts Inc)
Termination of Investment Obligation. (a) The obligation of the Investor to purchase shares of Common Stock shall shall, at the Investor's option (as evidenced by a notice to such effect to the Company), terminate permanently (including with respect to a Closing Date that has not yet occurred) in the event that (i) there shall occur any stop order or suspension of the effectiveness of the Registration Statement for a consecutive ten day calendar period or relating to the Registrable Securities for an aggregate of thirty (30) Trading Days during the Commitment Period, Period for any reason, or ; (ii) the Company shall at any time fail to comply with the requirements of Section 6.2, 6.3, 6.4, 6.5 or 6.6breach its obligations under this Agreement.
Appears in 4 contracts
Samples: Stock Purchase Agreement (Texxar Inc), Stock Purchase Agreement (Spongetech Delivery Systems Inc), Stock Purchase Agreement (Wilon Energy Group Inc)
Termination of Investment Obligation. The obligation of the Investor to purchase shares of Common Stock shall terminate permanently (including with respect to a Put Closing Date that has not yet occurred) in the event that (i) there shall occur any stop order or suspension of the effectiveness of the Registration Statement for a consecutive ten day calendar period or for an aggregate of thirty (30) Trading Days during the Commitment Period, for any reason, or (ii) the Company shall at any time fail to comply with the requirements of Section 6.25.2, 6.35.3, 6.45.4, 6.5 5.5 or 6.65.6.
Appears in 3 contracts
Samples: Common Stock Purchase Agreement (Earth Search Sciences Inc), Common Stock Purchase Agreement (Struthers Inc/Sc), Common Stock Purchase Agreement (Science Dynamics Corp)
Termination of Investment Obligation. The obligation of the ------------------------------------ Investor to purchase shares of Common Stock shall terminate permanently (including with respect to a Put Closing Date that has not yet occurred) in the event that (i) there shall occur any stop order or suspension of the effectiveness of the Registration Statement for a consecutive ten day calendar period or for an aggregate of thirty (30) Trading Days during the Commitment Period, for any reason, or (ii) the Company shall at any time fail to comply with the requirements of Section 6.25.2, 6.35.3, 6.45.4, 6.5 5.5 or 6.65.6.
Appears in 2 contracts
Samples: Common Stock Purchase Agreement (Econnect), Common Stock Purchase Agreement (Econnect)
Termination of Investment Obligation. The obligation of the Investor to purchase shares of Common Stock shall terminate permanently (including with respect to a Closing Date that has not yet occurred) in the event that (i) there shall occur any stop order or suspension of the effectiveness of the any Registration Statement for a consecutive ten day calendar period or for an aggregate of thirty (30) Trading Days during the Commitment Period, for any reason, reason other than deferrals or (ii) the Company shall at any time fail to comply suspension during a Blackout Period in accordance with the requirements of Section 6.2Registration Rights Agreement, 6.3, 6.4, 6.5 or 6.6.as a result of
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Termination of Investment Obligation. The obligation of the ------------------------------------ Investor to purchase shares of Common Stock shall terminate permanently (including with respect to a Closing Date that has not yet occurred) in the event that (i) there shall occur any stop order or suspension of the effectiveness of the Registration Statement for a consecutive ten day calendar period or for an aggregate of thirty (30) Trading Days during the Commitment Period, for any reason, or (ii) the Company shall at any time fail to comply with the requirements of Section 6.2, 6.3, 6.4, 6.5 or 6.6.or
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Termination of Investment Obligation. The This Agreement and the obligation of the Investor to purchase shares of Common Stock shall terminate permanently at the Investor's option (including with respect to a Closing Date that has not yet occurred) in the event that (i) there shall occur any stop order orders or suspension suspensions of the effectiveness of the Registration Statement for a consecutive ten day calendar period or for an aggregate of thirty over fifteen (3015) Trading Days during any calendar year during the Commitment Period, for any reason, or (ii) the Company shall at any time fail to comply with the requirements of Section 6.2, 6.3, 6.4, 6.5 6.4 or 6.6, (iii) the Commitment Period shall expire, or (iv) the Company issues the maximum number of shares of common stock permitted by this Agreement pursuant to Section 2.1(d).
Appears in 1 contract
Samples: Private Securities Subscription Agreement (Nuwave Technologies Inc)
Termination of Investment Obligation. The obligation of the Investor to purchase shares of Common Stock shall terminate permanently (including with respect to a Put Closing Date that has not yet occurred) in the event that (i) there shall occur any stop order or suspension of the effectiveness of the Registration Statement for a twenty (20) consecutive ten day calendar period Trading Days or for an aggregate of thirty sixty (3060) Trading Days during the Commitment Period, for any reason, or (ii) the Company shall at any time fail to comply with the requirements of Section 6.25.2, 6.35.3, 6.4, 6.5 5.4 or 6.65.5.
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Termination of Investment Obligation. The obligation of the ------------------------------------ Investor to purchase shares of Common Stock shall terminate permanently (including with respect to a Closing Date that has not yet occurred) in the event that (i) there shall occur any stop order or suspension of the effectiveness of the Registration Statement for a consecutive ten day calendar period or for an aggregate of thirty (30) Trading Days during the Commitment Period, for any reason, or (ii) the Company shall at any time fail to comply with the requirements of Section 6.2, 6.3, 6.4, 6.5 or 6.6.
Appears in 1 contract
Samples: Credit Agreement (Advanced Aerodynamics & Structures Inc/)
Termination of Investment Obligation. The obligation of the Investor to purchase shares of Common Stock shall terminate permanently (including with respect to a Closing Date that has not yet occurred) in the event that (i) there shall occur any stop order or suspension of the effectiveness of the Registration Statement for a consecutive ten day calendar period or for an aggregate of thirty (30) Trading Days during the Commitment Period, for any reasonreason other than deferrals or suspension in accordance with Section 1.1(f) of the Registration Rights Agreement, or (ii) as a result of corporate developments subsequent to the Company shall at any time fail to comply with the requirements of Section 6.2, 6.3, 6.4, 6.5 or 6.6.Subscription Date that
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Termination of Investment Obligation. The obligation of the Investor to purchase shares of Common Stock shall terminate permanently (including with respect to a Closing Date that has been scheduled but has not yet occurred) in the event that (ia) there shall occur any stop order or suspension of the effectiveness of the any Registration Statement for a consecutive ten day calendar period or for an aggregate of thirty (30) Trading Days during the Commitment Period, for any reason, Period or (iib) the Company shall at any time fail to comply with the requirements of Section 6.2, 6.3, 6.4, 6.5 or 6.6.or
Appears in 1 contract
Samples: Private Equity Subscription Agreement (5 G Wireless Communications Inc)
Termination of Investment Obligation. The obligation of the Investor pursuant to this Agreement to purchase shares of Common Stock shall shall, at Investor's option, terminate permanently (including with respect to a Closing Date that has not yet occurred) in the event that (i) there shall occur any stop order or suspension of the effectiveness of the Registration Statement for a consecutive ten day calendar period or for an aggregate of thirty (30) Trading Days during the Commitment Period, for any reason, or (ii) the Company shall at any time fail to comply with the requirements of Section 6.2, 6.3, 6.4, 6.3 or 6.5 or 6.6and such failure shall continue for more than thirty (30) days.
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Termination of Investment Obligation. The obligation of the Investor to purchase shares of Common Stock shall terminate permanently (including with respect to a Put Closing Date that has not yet occurred) in the event that (i) there shall occur any stop order or suspension of the effectiveness of the Registration Statement for a consecutive ten day calendar period or for an aggregate of thirty (30) Trading Days during the Commitment Period, for any reason, or (ii) the Company shall at any time fail to comply with the requirements of Section 6.2, 6.3, 6.4, 6.5 or 6.6.
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Termination of Investment Obligation. The obligation of the Investor to purchase shares of Common Stock shall terminate permanently (including with respect to a Closing Date that has not yet occurred) in the event that (i) there shall occur any stop order or suspension of the effectiveness of the Registration Statement for a consecutive ten day calendar period or for an aggregate of thirty (30) Trading Days during the Commitment Period, for any reason, reason other than deferrals or (ii) the Company shall at any time fail to comply with the requirements of Section 6.2, 6.3, 6.4, 6.5 or 6.6.suspensions in accordance
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Samples: Focus Enhancements Inc