Additional Investment. The Purchaser may (at its sole option) purchase additional notes from the Company in an aggregate principal amount of up to $40,000,000 pursuant to substantially similar documentation as this Agreement and the Related Agreements but in no event shall the Purchaser purchase any additional notes from Company at a time when an Event of Default (as defined in the Note) has occurred and is continuing.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Petrol Oil & Gas Inc), Securities Purchase Agreement (Petrol Oil & Gas Inc)
Additional Investment. The Purchaser may (at its sole option) purchase additional notes from the Company in an aggregate principal amount of up to $40,000,000 35,000,000 pursuant to substantially similar documentation as this Agreement and the Related Agreements but in no event shall the Purchaser purchase any additional notes from Company at a time when an Event of Default (as defined in the Note) has occurred and is continuing.. NY481079.3 20389110047 04/11/2006 :ap 23
Appears in 1 contract
Samples: Securities Purchase Agreement (Petrol Oil & Gas Inc)
Additional Investment. The Purchaser may (at its sole option) purchase additional notes from the Company in an aggregate principal amount of up to $40,000,000 25,000,000 pursuant to substantially similar documentation as this Agreement and the Related Agreements but in no event shall the Purchaser purchase any additional notes from Company at a time when an Event of Default (as defined in the Note) has occurred and is continuing.
Appears in 1 contract
Samples: Securities Purchase Agreement (Petrol Oil & Gas Inc)