Common use of Capital Raising Limitations Clause in Contracts

Capital Raising Limitations. The Company shall not issue any debt or equity securities for cash in private capital raising transactions ("Future Offerings") for a period beginning on the date hereof and ending One Hundred and Eighty (180) days after the Last Closing without obtaining the prior written approval of Subscribers holding a majority of the purchase price of Preferred Stock then outstanding.

Capital Raising Limitations. The Company shall not issue any debt or equity securities for cash in private capital raising transactions ("Future Offerings") in excess of an aggregate of Three Million ($3,000,000) Dollars for a period beginning on the date hereof and ending One Hundred and Eighty (180) days after the Last Closing without obtaining the prior written approval of Subscribers holding a majority of the purchase price of Preferred Stock then outstanding.

Capital Raising Limitations. The Except for offerings contemplated herein, the Company shall not issue any debt or equity securities for cash in private capital raising transactions ("Future Offerings") for a period beginning on the date hereof and ending One Hundred and Eighty (180) days after the Last Closing without obtaining the prior written approval of Subscribers holding a majority of the purchase price of Preferred Stock then outstanding.

Capital Raising Limitations. The Except for offerings contemplated herein, the Company shall not issue any debt or equity securities for cash in private capital raising transactions ("Future Offerings") for a period beginning on the date hereof and ending One Hundred and Eighty (180) days after the Last Closing without obtaining the prior written approval of Subscribers holding a majority of the purchase price of Series A and Series C Preferred Stock then outstanding.

Capital Raising Limitations. The Company shall not issue any debt or equity securities for cash in private capital raising transactions ("Future Offerings") for a period beginning on the date hereof and ending One Hundred and Eighty (180) days after the Last Closing February 19, 1998 without obtaining the prior written approval of Subscribers holding a majority of the purchase price of Preferred Stock then outstanding.