Convertible Debt. On or prior to the Closing Date, the Company will cause to be cancelled all convertible debt in the Company. For a period of three years from the closing the Company will not issue any convertible debt.
Appears in 3 contracts
Samples: Preferred Stock Purchase Agreement (Iceweb Inc), Note Purchase Agreement (Villageedocs Inc), Preferred Stock Purchase Agreement (Iceweb Inc)
Convertible Debt. On or prior to the Closing Date, the Company will cause to be cancelled all convertible debt in the CompanyCompany other than such with Lender. For a period of three years from the closing the Company will not issue any convertible debtdebt other than to Lender.
Appears in 1 contract
Samples: Note Purchase Agreement (Entech Environmental Technologies Inc)
Convertible Debt. On or prior to the Closing Date, the Company will cause to be cancelled all convertible debt in the Company. For a period of three years twenty four (24) months from the closing Closing Date or until the Investor no longer holds at least ten percent of the Preferred Stock initially purchased by Investor, the Company will not issue any convertible debt.
Appears in 1 contract
Samples: Preferred Stock Purchase Agreement (Family Home Health Services, Inc.)
