Failure to Comply with the Exchange Act. The Borrower shall fail to comply with the reporting requirements of the Exchange Act; and/or the Borrower shall cease to be subject to the reporting requirements of the Exchange Act; provided; however, that during the period beginning on the issuance date and ending on the date which is one hundred eighty (180) days following the issuance date, the Borrower shall have a ten (10) day period to cure any failure to file timely reports with the SEC pursuant to the Exchange Act.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Growlife, Inc.), Securities Purchase Agreement (Growlife, Inc.)
Failure to Comply with the Exchange Act. The Borrower shall fail to comply with the reporting requirements of the Exchange Act; provided however, that such failure to comply with the Exchange Act occurs during the Prepayment Periods, the Borrower shall have ten (10) days to cure such failure; and/or the Borrower shall cease to be subject to the reporting requirements of the Exchange Act; provided; however, that during the period beginning on the issuance date and ending on the date which is one hundred eighty (180) days following the issuance date, the Borrower shall have . The filing of a ten (10) day period to cure any failure to file timely reports Form 15 with the SEC pursuant to the Exchange Actis an immediate Event of Default.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Immune Therapeutics, Inc.), Securities Purchase Agreement (Immune Therapeutics, Inc.)
