Common use of Benefit of Covenants Clause in Contracts

Benefit of Covenants. (a) The covenants of the Company under this Section 8 shall be for the sole benefit of the Investor. (b) Sections 8.8 (Information Rights), 8.9 (Budgets and Business Plans), 8.14 (Nominee Director), 8.26 (No Issuances below Conversion Price) and 8.27 (Negative Covenants) shall be in full force and effect only for so long as the Investor’s Investment Value is equal to or greater than US$20,000,000. All other provisions in Section 8 shall be in full force and effect for so long as the Investor beneficially owns any Notes or Conversion Shares.

Benefit of Covenants. (a) The covenants of the Company under this Section 8 shall be for the sole benefit of the Investor, its successors and its permitted assigns that are the Investor’s Affiliates. (b) Sections 8.8 (Information Rights), 8.9 (Budgets and Business Plans), 8.14 (Nominee Director), 8.26 8.15 (Preemptive Right), 8.16 (No Related Party Transaction), 8.31 (No Issuances below Conversion Price) and 8.27 8.32 (Negative Covenants) shall be in full force and effect only for so long as the Investor’s 's Investment Value is equal to or greater than US$US$ 20,000,000. All other provisions in Section 8 shall be in full force and effect for so long as the Investor beneficially owns any Notes or Conversion Shares.

Benefit of Covenants. (a) The covenants of the Company under this Section 8 shall be for the sole benefit of the Investor, its successors and its permitted assigns that are the Investor’s Affiliates. (b) Sections 8.8 (Information Rights), 8.9 (Budgets and Business Plans), 8.14 (Nominee Director), 8.26 8.15 (Preemptive Right), 8.16 (No Related Party Transaction), 8.31 (No Issuances below Conversion Price) and 8.27 8.32 (Negative Covenants) shall be in full force and effect only for so long as the Investor’s Investment Value is equal to or greater than US$US$ 20,000,000. All other provisions in Section 8 shall be in full force and effect for so long as the Investor beneficially owns any Notes or Conversion Shares.

Benefit of Covenants. (a) The covenants of the Company under this Section 8 shall be for the sole benefit of the Investor, its successors and its permitted assigns that are the Investor’s wholly owned subsidiaries. (b) Sections 8.8 (Information Rights), Section 8.9 (Budgets and Business Plans), 8.14 (Nominee Director), 8.26 (No Issuances below Conversion Price) and 8.27 (Negative Covenants) shall be in full force and effect only for so long as the Investor’s Investment Value is equal to Investor beneficially owns ten percent (10%) or greater than US$20,000,000more of the Shares of the Company. All other provisions in Section 8 shall be in full force and effect for so long as the Investor beneficially owns any Notes or Conversion Sale Shares.

Benefit of Covenants. (a) The covenants of the Company under this Section 8 shall be for the sole benefit of the Investor, its successors and its permitted assigns. (b) Sections 8.8 Section 8.7 (Information Pre-emptive Rights), 8.9 (Budgets and Business Plans), 8.14 (Nominee Director), 8.26 (No Issuances below Conversion Price) and 8.27 (Negative Covenants) shall be in full force and effect only for so long as the Investor’s Investment Value is equal to Investor beneficially owns five percent (5%) or greater than US$20,000,000more of the Shares of the Company. All other provisions in Section 8 shall be in full force and effect for so long as the Investor beneficially owns any Notes or Conversion Sale Shares.

Benefit of Covenants. (a) The covenants of the Company under this Section 8 shall be for the sole benefit of the Investor. (b) Sections 8.8 (Information Rights), 8.9 (Budgets and Business Plans), 8.14 (Nominee Director), 8.26 (No Issuances below Conversion Price) and 8.27 (Negative Covenants) shall be in full force and effect only for so long as the Investor’s 's Investment Value is equal to or greater than US$20,000,000. All other provisions in Section 8 shall be in full force and effect for so long as the Investor beneficially owns any Notes or Conversion Shares.