Post Closing Covenants of the Company. The Company agrees that, following the Closing, it will do the following:
Post Closing Covenants of the Company. From and after the Closing, the Company covenants to the Purchaser as follows:
Post Closing Covenants of the Company. 6.11.1 Subject to Section 6.12, so long as Parent has the right to nominate at least two members to the Board, the Company will not, without the prior written approval of Parent, issue any shares of Common Stock or Common Stock Equivalents except: (i) shares of Common Stock authorized and reserved as of the date hereof for issuance pursuant to any Company Plan, (ii) not more than an aggregate of 2,000,000 new Common Stock Equivalents issued to directors, officers or employees pursuant to any employee benefit plans approved by the Company during the 3 year period after the Measurement Date and (iii) not more than an aggregate of 2,000,000 shares of Common Stock in exchange for the assets or securities of one or more other persons. In the event that the Company at any time after the date of this Agreement declares or pays a dividend on any Company Security payable in shares of Common Stock, subdivides or splits the outstanding Common Stock, combines or consolidates the outstanding Common Stock into a smaller number of shares, effects a reverse split of the outstanding shares, or issues any shares of Common Stock in an exchange, reclassification, consolidation or merger, the 2,000,000 share limitations in (ii) and (iii) above will be proportionately adjusted accordingly. Whenever the Company proposes to issue any shares of Common Stock pursuant to this Section 6.11.1, the Company will offer Parent the right, exercisable within 60 days of such offer, to purchase at Market Value such number of additional shares of Common Stock from the Company as will prevent the Total Percentage Interest of Parent
Post Closing Covenants of the Company. With a view to making available to the Investors the benefits of SEC Rule 144 and any other rule or regulation of the SEC that may at any time permit the Investors to sell securities of the Company to the public without registration, the Company agrees to use best efforts to file with the SEC in a timely manner all reports and other documents required of the Company under the 1933 Act and the 1934 Act.
Post Closing Covenants of the Company. At all times following the ------------------------------------- Closing, and while MCI WorldCom or one of its Affiliates or assigns is either record or beneficial owner of the Conversion Shares, Company agrees to use reasonable efforts to:
Post Closing Covenants of the Company. The Company covenants and agrees that, from and after the Closing Date and until the closing of a Qualified Public Offering:
Post Closing Covenants of the Company. The Company acknowledges that the agreements contained in this Article VII are an integral part of the transactions contemplated by this Agreement and that, without these agreements, CannaKorp and the Exchanging Stockholders would not enter into this Agreement. The Company acknowledges and agrees that the failure by the Company to satisfy, perform and comply with the covenants set forth in this Section 7.01
Post Closing Covenants of the Company. The Company represents, covenants and agrees to the following post-closing conditions:
Post Closing Covenants of the Company. The Company hereby covenants and agrees that after the Closing Date (and the Company acknowledges each of the covenants to be reasonable and agrees that any violation of the following provisions shall be a material breach of this Agreement and shall constitute an Event of Default) as long as any obligation of the Note remains unpaid, that:
Post Closing Covenants of the Company. (a) Board of Directors. Immediately following the Closing, the Company will appoint David Hirschhorn, Todd Parker and a third director, as designated by xxx Xxxx Xxxxxxxr, xx xxx Xxxpany's Board of Directors.
