Common use of Participation Right Clause in Contracts

Participation Right. At any time any Notes remain outstanding, neither the Company nor any of its Subsidiaries shall, directly or indirectly, effect any Subsequent Placement unless the Company shall have first complied with this Section 4(n). The Company acknowledges and agrees that the right set forth in this Section 4(n) is a right granted by the Company, separately, to each Buyer.

Participation Right. At any time after the Closing Date and until any Notes remain are no longer outstanding, neither the Company nor any of its Subsidiaries shall, directly or indirectly, effect any Subsequent Placement unless the Company shall have first complied with this Section 4(n). The Company acknowledges and agrees that the right set forth in this Section 4(n) is a right granted by the Company, separately, to each Buyer.

Participation Right. At any time any Until all of the Notes remain outstandinghave been converted, redeemed or otherwise satisfied in accordance with their terms, neither the Company nor any of its Subsidiaries shall, directly or indirectly, effect any Subsequent Placement unless the Company shall have first complied with this Section 4(n4(o). The Company acknowledges and agrees that the right set forth in this Section 4(n4(o) is a right granted by the Company, separately, to each Buyer.

Participation Right. At any time any Notes remain Note remains outstanding, neither the Company nor any of its Subsidiaries shall, directly or indirectly, effect any Subsequent Placement unless the Company shall have first complied with this Section 4(n4(o). The Company acknowledges and agrees that the right set forth in this Section 4(n4(o) is a right granted by the Company, separately, to each Buyer.

Participation Right. At any time any So long as the Notes remain outstanding, neither are outstanding the Company nor any of its Subsidiaries shallCompany, directly or indirectly, shall not effect any Subsequent Placement Placement, other than a publicly underwritten firm commitment offering through a registered broker-dealer, unless the Company shall have first complied with this Section 4(n4(l). The Company acknowledges and agrees that the right set forth in this Section 4(n4(l) is a right granted by the Company, separately, to each Buyer.

Participation Right. At any time any So long as the Notes remain are outstanding, neither the Company nor any of its Subsidiaries shallshall not, directly or indirectly, effect any (i) Subsequent Placement (as hereinafter defined) or series of Subsequent Placements whether or not related, or (ii) a Bridge Financing (as hereinafter defined), unless the Company shall have first complied with this Section 4(n4(m). The Company acknowledges and agrees that the right set forth in this Section 4(n4(m) is a right granted by the Company, separately, to each Buyer.

Participation Right. At any time So long as any Notes remain outstanding, neither the Company nor any of its Subsidiaries shall, directly or indirectly, effect any Subsequent Placement unless the Company shall have first complied with this Section 4(n4(s). The Company acknowledges and agrees that the right set forth in this Section 4(n4(s) is a right granted by the Company, separately, to each Buyer.

Participation Right. At any time So long as any Notes remain outstanding, neither the Company nor any of its Subsidiaries shall, directly or indirectly, effect any Subsequent Placement unless the Company shall have first complied with this Section 4(n4(o). The Company acknowledges and agrees that the right set forth in this Section 4(n4(o) is a right granted by the Company, separately, to each Buyer.

Participation Right. At any time any Notes or remain outstanding, neither the Company nor any of its Subsidiaries shall, directly or indirectly, effect any Subsequent Placement unless the Company shall have first complied with this Section 4(n4(o). The Company acknowledges and agrees that the right set forth in this Section 4(n4(o) is a right granted by the Company, separately, to each Buyer.