Common use of Failure to Register or Lapse in Effectiveness Clause in Contracts

Failure to Register or Lapse in Effectiveness. (i) The parties acknowledge and agree that the covenants and agreements set forth in Section 1.2(a) are an essential inducement to the Investor's purchasing the Registrable Securities and that if such covenants and agreements are breached, the Investor would be deprived of the benefits of its bargain. The provisions of this Section 1.2 shall be in addition to and not in lieu of any other equitable or legal remedies available to the Holder in respect of any breach by the Issuer of Section 1.2 hereof.

Appears in 4 contracts

Samples: Loan Agreement (Bion Environmental Technologies Inc), Registration Rights Agreement (Centerpoint Corp), Loan Agreement (Bion Environmental Technologies Inc)

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