Compliance with 1934 Act; Public Information Failures. For so long as the Buyers beneficially own the Notes, Warrants, or any Conversion Shares, the Company shall comply with the periodic reporting requirements of the 1934 Act; and the Company shall continue to be subject to the periodic reporting requirements of the 1934 Act. During the period that the Buyers beneficially own the Notes, if the Company shall fail for any reason to satisfy the requirements of Rule 144(c)(1), including, without limitation, the failure to satisfy the current public information requirements under Rule 144(c) (a “Public Information Failure”) then such failure may be an Event of Default under the Note.
Appears in 3 contracts
Samples: Securities Purchase Agreement (CLS Holdings USA, Inc.), Securities Purchase Agreement (CLS Holdings USA, Inc.), Securities Purchase Agreement (CLS Holdings USA, Inc.)
Compliance with 1934 Act; Public Information Failures. For so long as the Buyers Buyer beneficially own owns the NotesNote, WarrantsWarrant, or any Conversion Shares, the Company shall comply with the periodic reporting requirements of the 1934 Act; and the Company shall continue to be subject to the periodic reporting requirements of the 1934 Act. During the period that the Buyers Buyer beneficially own owns the NotesNote, if the Company shall fail for any reason to satisfy the requirements of Rule 144(c)(1), including, without limitation, the failure to satisfy the current public information requirements under Rule 144(c) (a “Public Information Failure”) then such failure may be an Event of Default under the Note.
Appears in 1 contract
Samples: Securities Purchase Agreement (CLS Holdings USA, Inc.)
