Continued Listing Authorization Clause Samples

Continued Listing Authorization. For so long as the Focus Shareholder, together with its Affiliates, owns not less than five percent (5%) of all of the outstanding Common Shares (counting for such purposes all Common Shares into or for which the securities of the Company owned by the Focus Shareholder and its Affiliates are directly or indirectly convertible or exercisable), the Company shall use its commercially reasonable efforts to prevent the Common Shares from being delisted from the NASDAQ.

Continued Listing Authorization. The Company shall take all steps necessary to prevent the Common Stock from being delisted from the NASDAQ, including effecting a reverse stock split of the Common Stock, if necessary, to comply with NASDAQ Listing Rule 5450(a)(1); provided that any such actions, including the terms and timing of any reverse stock split, have been consented to by the Investor. Any reverse stock split effected hereunder prior to the Closing will result in a proportional adjustment to the number of Purchased Shares and the Per Share Purchase Price, as well as the amount of securities to be issued pursuant to the other Transaction Documents, and shall have the other effects described in Section 4.4.