Common use of Consultation Rights Clause in Contracts

Consultation Rights. Without in any way limiting any remedy that the Holders may have, in law or equity, under any Transaction Document (including under the foregoing provisions of this ARTICLE 10) or otherwise, upon the occurrence and during the continuance of any Event of Default, upon the request of the Agent or the Required Holders, the Companies shall hire or otherwise retain a consultant, advisor or similar Person acceptable to the Agent, to advise the Companies with respect to their business and operations.

Appears in 2 contracts

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

AutoNDA by SimpleDocs

Consultation Rights. Without in any way limiting any remedy that the Holders may have, in at law or in equity, under any Transaction Document (including under the foregoing provisions of this ARTICLE 10) or otherwise, upon the occurrence and during the continuance of any Event of Default, upon the request of the Agent or the Required Holders, the Companies Borrowers shall hire or otherwise retain a consultant, advisor or similar Person acceptable to the Agent, Agent to advise the Companies Borrowers with respect to their business and operations.

Appears in 2 contracts

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

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.