Common use of Execution of Documents; Delivery of Termination Warrants Clause in Contracts

Execution of Documents; Delivery of Termination Warrants. (a) As soon as practicable after the execution by all parties (the "Execution Date") of the Transaction Documents and the execution and delivery by the Company of the Termination Warrants, the Company shall, in accordance with the Registration Rights Agreement, file a duly completed registration statement on the appropriate form with the Commission to register the resale of the Underlying Shares and the Warrant Shares under the Securities Act. (b) As consideration for entering into this Agreement, in the event this Agreement is terminated for any reason pursuant to Section 6.1 herein, (i) the Company shall pay the Purchasers, within three (3) Business Days of the date of termination, an aggregate of One Hundred Thousand Dollars (US$100,000) in such allocation as set forth in Schedule 1, and (ii) the Purchasers shall retain the Termination Warrants and any and all rights and privileges thereunder without condition or obligation to the Company.

Appears in 2 contracts

Samples: Series a Preferred Stock Purchase Agreement (Hertz Technology Group Inc), Series a Preferred Stock Purchase Agreement (Hertz Technology Group Inc)

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Execution of Documents; Delivery of Termination Warrants. (a) As soon as practicable after the execution by all parties (the "Execution Date") of the Transaction Documents and the execution and delivery by the Company of the Termination Warrants, the Company shall, in accordance with the Registration Rights Agreement, file a duly completed registration statement on the appropriate form with the Commission to register the resale of the Underlying Shares and the Warrant Shares under the Securities Act. (b) As consideration for entering into this Agreement, in the event this Agreement is terminated for any reason pursuant to Section 6.1 herein, (i) the Company shall pay the Purchasers, within three (3e) Business Days of the date of termination, an aggregate of One Two Hundred Thousand Dollars (US$100,000200,000) in such allocation as set forth in Schedule 1, and (ii) the Purchasers shall retain the Termination Warrants and any and all rights and privileges thereunder without condition or obligation to the Company.

Appears in 2 contracts

Samples: Convertible Debenture Purchase Agreement (Surgilight Inc), Convertible Debenture Purchase Agreement (Surgilight Inc)

Execution of Documents; Delivery of Termination Warrants. (a) As soon as practicable after the execution by all parties (the "Execution Date") of the Transaction Documents and the execution and delivery by the Company of the Termination Warrants, the Company shall, in accordance with the Registration Rights Agreement, file a duly completed registration statement on the appropriate form with the Commission to register the resale of the Underlying Shares and the Warrant Shares under the Securities Act. (b) As consideration for entering into this Agreement, in the event this Agreement is terminated for any reason pursuant to Section 6.1 or Section 6.3 herein, (i) the Company shall pay the Purchasers, within three (3) Business Days of the date of termination, an aggregate of One Hundred Thousand Dollars (US$100,000) in such allocation as set forth in Schedule 1, and (ii) the Purchasers shall retain the Termination Warrants and any and all rights and privileges thereunder without condition or obligation to the Company.

Appears in 1 contract

Samples: Convertible Debenture Purchase Agreement (Invu Inc)

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Execution of Documents; Delivery of Termination Warrants. (a) As soon as practicable after the execution by all parties (the "Execution Date") of the Transaction Documents and the execution and delivery by the Company of the Termination Warrants, the Company shall, in accordance with the Registration Rights Agreement, file a duly completed registration statement on the appropriate form with the Commission to register the resale of the Underlying Shares and the Warrant Shares under the Securities Act. (b) As consideration for entering into this Agreement, in the event this Agreement is terminated for any reason pursuant to Section 6.1 herein, (i) the Company shall pay the Purchasers, within three (3) Business Days of the date of termination, an aggregate of One Hundred Thousand Dollars (US$100,000) in such allocation as set forth in Schedule SCHEDULE 1, and (ii) the Purchasers shall retain the Termination Warrants and any and all rights and privileges thereunder without condition or obligation to the Company.

Appears in 1 contract

Samples: Series a Preferred Stock Purchase Agreement (Return Assured Inc)

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