AMEX Approval. In August 2004, the Company announced its consummation of the acquisition of Media Billing Company, LLC and its wholly owned subsidiary Internet Billing Company LLC (“iBill”), pursuant to the terms of a securities purchase agreement, dated July 22, 2004, as amended (the “iBill Purchase Agreement”). On September 20, 2004, the Company received a notice from the AMEX of its intention to de-list the Company’s Common Stock from trading on the AMEX, pending a hearing requested by the Company. The delisting notice stated, among other things, that the Company failed to furnish certain necessary information to the AMEX concerning iBill and that the iBill Acquisition raised certain public interest concerns. On September 23, 2004, the Company agreed to rescind the closing of the iBill Acquisition. However, the iBill Purchase Agreement continues to remain in full force and effect. As a result of its agreement to rescind the closing of the iBill Acquisition, pending the resolution of all listing eligibility issues and AMEX approvals, the staff of the AMEX agreed to withdraw its notice of intent to de-list the Company’s securities. The Company intends to furnish the information requested by the AMEX on a timely basis and is hopeful that the staff of the AMEX will, upon receipt and review of such information, provide all necessary approvals for the iBill Acquisition. There can be no assurance that the Company will be able to satisfactorily resolve all listing issues or that it will receive all such AMEX approvals associated with the iBill transaction. However, if for any reason, AMEX approval has not been obtained by January 21, 2005, the Company will nevertheless close the iBill Acquisition, withdraw from the AMEX and seek to re-list its Common Stock on another National Securities Exchange. Following receipt of the AMEX notice of delisting, on September 23, 2004, each of the Company, Penthouse and GMI Investment Partners entered into an agreement (the “September 23rd Agreement”) that provides that the iBill Acquisition will be consummated, all shares of the Company Common Stock and Series D Preferred Stock issuable to Penthouse upon consummation of the iBill Acquisition will be issued, and all of the Series D Preferred Stock will be converted into approximately 81.4 million shares of Company Common Stock, upon the earlier to occur of (i) AMEX Approval of the iBill Acquisition, or (ii) January 21, 2005. The Company has delivered to legal counsel to Penthouse, for filing ...
AMEX Approval. The Company shall promptly notify Stockholder if AMEX approves the Company's application for listing of the Common Stock at the physical address or email address set forth on the signature page of this Agreement.
AMEX Approval. The Investor understands and acknowledges that the issuance of the Common Stock purchased hereby is subject to receipt of approval from the American Stock Exchange, and no shares of Common Stock may be issued prior to such approval. If such approval is not received, the Investor shall be entitled to return of any funds paid at the Closing.
AMEX Approval. Purchaser will use reasonable efforts to obtain the approval of Amex with respect to the Consideration Shares as soon as practicable and, in any event, within fifteen (15) Business Days after the Effective Date. Without limiting the foregoing, no later than the third (3rd) Business Day after the date of this Agreement, Purchaser will make all filings and submissions with Amex and required by it under any law applicable to Purchaser required for the consummation of the transactions contemplated by this Agreement. Purchaser will keep Seller reasonably advised of the status of obtaining such consents and approvals.
AMEX Approval. The Company shall apply for the listing of the Conversion Shares and the Warrant Shares issued or issuable in connection with this Agreement and use commercially reasonable efforts to maintain the continued listing approval of the shares of Common Stock issuable under the Prior Warrant within five (5) business days following the shareholder vote described in Section 4(n) and the Company shall use commercially reasonable efforts to obtain approval for listing of such shares on AMEX within fifteen (15) business days of the submission of such application.
AMEX Approval. The shares of the API Stock shall have been duly approved for listing on the American Stock Exchange.
AMEX Approval. The issuance and delivery of the shares is subject to Amex approval.
AMEX Approval. Upon execution of this Agreement, the Company will seek approval of the transaction by the American Stock Exchange (“Amex Approval”).
AMEX Approval. AMEX shall have approved the listing of the shares of Common Stock into which the Preferred Stock is convertible, subject only to official notice of issuance.
