DTC Eligible. The Company specifically covenants that, as of the Closing Date, the Common Stock shall be DTC Eligible. If at any time that the Company receives a Conversion Notice or Notice of Exercise and the Common Stock is not then DTC Eligible, then the Company shall instruct the Transfer Agent to immediately issue one or more certificates for non-DTC Eligible Common Stock without legend in such name and in such denominations as specified by the Holder consistent with the terms and conditions of the Transaction Documents.
Appears in 3 contracts
Samples: Securities Purchase Agreement (Codesmart Holdings, Inc.), Securities Purchase Agreement (Tauriga Sciences, Inc.), Securities Purchase Agreement (Red Giant Entertainment, Inc.)
DTC Eligible. The Company specifically covenants that, as of the Closing Date, the Common Stock shall be DTC Eligible. If at any time that the Company receives a Conversion Notice or Notice of Exercise and the Common Stock is not then DTC Eligible, then the Company shall instruct the Transfer Agent to immediately issue one or more certificates for non-DTC Eligible Common Stock without legend in such name and in such denominations as specified by the Holder consistent with the terms and conditions of the Transaction Documents.
Appears in 2 contracts
Samples: Note Purchase Agreement (Epazz Inc), Securities Purchase Agreement (Mediswipe Inc.)
