Common use of COMPANY'S NEGATIVE COVENANTS Clause in Contracts

COMPANY'S NEGATIVE COVENANTS. The Company will comply with the following requirements unless holders of more than 50% of the outstanding Restricted Securities agree otherwise in writing. These requirements will terminate upon the earlier of (1) the closing date of an underwritten public offering of the Company's common stock pursuant to an effective registration statement under the Securities Act or (2) the date when less than 25% of the Restricted Securities are held by the original holders of the Debentures or their permitted transferees. These requirements may be amended by a written agreement between the Company and holders of more than 50% of the outstanding Restricted Securities.