Convertible Debt. On or prior to the Closing Date, the Company will cause to be cancelled all convertible debt in the Company. For the period of the Effective Time, the Company will not issue any convertible debt without the express written consent of the Investor.
Appears in 2 contracts
Samples: Preferred Stock Purchase Agreement (Aims Worldwide Inc), Preferred Stock Purchase Agreement (Aims Worldwide Inc)
Convertible Debt. On or prior to the Closing Date, the Company will cause to be cancelled all convertible debt in the Company. For Without the prior written consent of the Investor, such consent not to be unreasonably withheld, for a period of five years from the Effective Time, closing the Company will not issue any convertible debt without the express written consent of the Investordebt.
Appears in 1 contract
Convertible Debt. On or prior to the Closing Date, the Company will cause to be cancelled all convertible debt in the CompanyCompany with the exception of the Note issued to the Investor. For the a period of two years from the Effective Time, closing the Company will not issue any convertible debt without with the express written consent exception of the Note issued to the Investor.
Appears in 1 contract
Samples: Preferred Stock Purchase Agreement (Mb Software Corp)
