Closing Covenants. The Parties agree as follows with respect to the period between the execution of this Agreement and the Closing.
Closing Covenants. The Company shall have taken all of the actions required to be taken by it at or prior to the Closing pursuant to Section 1.3 herein.
Closing Covenants. 28 Section 8.01 Stockholders Meeting...............................28 Section 8.02 Information in Disclosure Documents................28 Section 8.03 Listing of Shares on Nasdaq........................28 Section 8.04 Income Tax Returns.................................28
Closing Covenants. With respect to the period between the execution of this Agreement and the Closing:
Closing Covenants. (i) Following the Closing, the Buyers agree to use commercially reasonable efforts to assist the Company in generating new outbound telemarketing and/or mail opportunities for the Company in an amount not less than $350,000 during the first twelve months after the Closing.
(ii) Following the Closing, the Buyers agree to cause the Company to adopt a new Stock Option Plan, pursuant to which employees of the Company will be given new options to purchase Common Stock.
(iii) Following the Closing, the Company shall, at the request of the Buyers, register the Purchased Shares and the shares of Common Stock issuable under the Ancillary Warrants, pursuant the 1933 Act for resale by the Buyers or their assigns.