Common use of Certain Negative Covenants of the Company Clause in Contracts

Certain Negative Covenants of the Company. From and after the date hereof and until all of the Company’s obligations hereunder and the Note are paid and performed in full and the Warrant is exercised in full (or otherwise expired), the Company shall not: (i) Transfer, assign, sell, pledge, hypothecate or otherwise alienate or encumber any of the Secured Buyer Notes in any way without the prior written consent of the Buyer. (ii) Enter into any transaction, including, without limitation, any purchase, sale, lease or exchange of property or the rendering of any service, with any Affiliate of the Company, or amend or modify any agreement related to any of the foregoing, except on terms that are no less favorable, in any material respect, than those obtainable from any person or entity who is not an Affiliate of the Company. (iii) So long as the Note is outstanding, the Company shall not, and the Company shall not permit any of its Subsidiaries to, directly or indirectly, pay cash dividends or distributions on any equity securities of the Company or of its Subsidiaries.

Appears in 1 contract

Samples: Securities Purchase Agreement (Tauriga Sciences, Inc.)

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Certain Negative Covenants of the Company. From and after the date hereof and until all of the Company’s obligations hereunder and the Note are paid and performed in full and the Warrant is all Warrants are exercised in full (or otherwise expired), the Company shall not: (i) Transfer, assign, sell, pledge, hypothecate or otherwise alienate or encumber any of the Secured Buyer Notes in Notesin any way without the prior written consent of the Buyer. (ii) Enter into any transaction, including, without limitation, any purchase, sale, lease or exchange of property or the rendering of any service, with any Affiliate of the Company, or amend or modify any agreement related to any of the foregoing, except on terms that are no less favorable, in any material respect, than those obtainable from any person or entity who is not an Affiliate of the Company. (iii) So long as the Note is outstanding, the Company shall not, and the Company shall not permit any of its Subsidiaries to, directly or indirectly, pay cash dividends or distributions on any equity securities of the Company or of its Subsidiaries.

Appears in 1 contract

Samples: Securities Purchase Agreement (Seaniemac International, Ltd.)

Certain Negative Covenants of the Company. From and after the date hereof and until all of the Company’s obligations hereunder and the Note are paid and performed in full and the Warrant is exercised in full (or otherwise expired), the Company shall not: (i) Transfer, assign, sell, pledge, hypothecate or otherwise alienate or encumber any of the Secured Buyer Mortgage Notes in any way without the prior written consent of the Buyer. (ii) Enter into any transaction, including, without limitation, any purchase, sale, lease or exchange of property or the rendering of any service, with any Affiliate of the Company, or amend or modify any agreement related to any of the foregoing, except on terms that are no less favorable, in any material respect, than those obtainable from any person or entity who is not an Affiliate of the Company. (iii) So long as the Note is outstanding, the Company shall not, and the Company shall not permit any of its Subsidiaries to, directly or indirectly, pay cash dividends or distributions on any equity securities of the Company or of its Subsidiaries.

Appears in 1 contract

Samples: Securities Purchase Agreement (Advaxis, Inc.)

Certain Negative Covenants of the Company. From and after the date hereof and until all of the Company’s 's obligations hereunder and the Note are paid and performed in full and the Warrant is exercised in full (or otherwise expired), the Company shall not: (i) Transfer, assign, sell, pledge, hypothecate or otherwise alienate or encumber any of the Secured Buyer Notes or the Buyer Notes in any way without the prior written consent of the Buyer. (ii) Enter into any transaction, including, without limitation, any purchase, sale, lease or exchange of property or the rendering of any service, with any Affiliate of the Company, or amend or modify any agreement related to any of the foregoing, except on terms that are no less favorable, in any material respect, than those obtainable from any person or entity who is not an Affiliate of the Company. (iii) So long as the Note is outstanding, the Company shall not, and the Company shall not permit any of its Subsidiaries to, directly or indirectly, pay cash dividends or distributions on any equity securities of the Company or of its Subsidiaries.

Appears in 1 contract

Samples: Securities Purchase Agreement (Red Giant Entertainment, Inc.)

Certain Negative Covenants of the Company. From and after the date hereof and until all of the Company’s obligations hereunder and the Note are paid and performed in full and all the Warrant is Warrants are exercised in full (or otherwise expired), the Company shall not: (i) Transfer, assign, sell, pledge, hypothecate or otherwise alienate or encumber any of the Secured Buyer Notes in any way without the prior written consent of the Buyer. (ii) Enter into any transaction, including, without limitation, any purchase, sale, lease or exchange of property or the rendering of any service, with any Affiliate of the Company, or amend or modify any agreement related to any of the foregoing, except on terms that are no less favorable, in any material respect, than those obtainable from any person or entity who is not an Affiliate of the Company. (iii) So long as the Note is outstanding, the Company shall not, and the Company shall not permit any of its Subsidiaries to, directly or indirectly, pay cash dividends or distributions on any equity securities of the Company or of its Subsidiaries.

Appears in 1 contract

Samples: Securities Purchase Agreement (Cirque Energy, Inc.)

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Certain Negative Covenants of the Company. From and after the date hereof and until all of the Company’s obligations hereunder and the Note are paid and performed in full and the Warrant is exercised in full (or otherwise expired), the Company shall not: (i) Transfer, assign, sell, pledge, hypothecate or otherwise alienate or encumber any of the Secured Buyer Deed of Trust Notes in any way without the prior written consent of the Buyer. (ii) Enter into any transaction, including, without limitation, any purchase, sale, lease or exchange of property or the rendering of any service, with any Affiliate of the Company, or amend or modify any agreement related to any of the foregoing, except on terms that are no less favorable, in any material respect, than those obtainable from any person or entity who is not an Affiliate of the Company. (iii) So long as the Note is outstanding, the Company shall not, and the Company shall not permit any of its Subsidiaries to, directly or indirectly, pay cash dividends or distributions on any equity securities of the Company or of its Subsidiaries.

Appears in 1 contract

Samples: Securities Purchase Agreement (Digital Development Group Corp)

Certain Negative Covenants of the Company. From and after the date hereof and until all of the Company’s obligations hereunder and the Note are paid and performed in full and the Warrant is all Warrants are exercised in full (or otherwise expired), the Company shall not: (i) Transfer, assign, sell, pledge, hypothecate or otherwise alienate or encumber any of the Secured Buyer Notes in any way without the prior written consent of the Buyer. (ii) Enter into any transaction, including, without limitation, any purchase, sale, lease or exchange of property or the rendering of any service, with any Affiliate of the Company, or amend or modify any agreement related to any of the foregoing, except on terms that are no less favorable, in any material respect, than those obtainable from any person or entity who is not an Affiliate of the Company. (iii) So long as the Note is outstanding, the Company shall not, and the Company shall not permit any of its Subsidiaries to, directly or indirectly, pay cash dividends or distributions on any equity securities of the Company or of its Subsidiaries.

Appears in 1 contract

Samples: Securities Purchase Agreement (Solar Wind Energy Tower, Inc.)

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