Common use of Financial Statement Restatement Clause in Contracts

Financial Statement Restatement. The restatement of any financial statements filed by the Borrower with OTC Markets at any time after 180 days after the Issuance Date for any date or period until this Note is no longer outstanding, if the result of such restatement would, by comparison to the un-restated financial statement, have constituted a material adverse effect on the rights of the Holder with respect to this Note.

Appears in 3 contracts

Samples: Convertible Note Agreement (New Generation Consumer Group, Inc.), Convertible Note (New Generation Consumer Group, Inc.), Convertible Note Agreement (New Generation Consumer Group, Inc.)

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Financial Statement Restatement. The restatement of any financial statements filed by the Borrower with OTC Markets at any time after 180 days after the Issuance Date for any date or period until this Note is no longer outstanding, if the result of such restatement would, by comparison to the un-restated financial statement, have constituted a material adverse effect on the rights of the Holder with respect to this NoteNote or the Purchase Agreement.

Appears in 2 contracts

Samples: Membership Interest Purchase Agreement (Accredited Solutions, Inc.), Legal Services Agreement (Accredited Solutions, Inc.)

Financial Statement Restatement. The restatement Borrower restates any of any its financial statements filed by the Borrower with OTC Markets at any time after 180 days after the Issuance Date for any date or period from two years prior to the Issue Date of this Note and until this Note is no longer outstanding, if the result of such restatement would, by comparison to the un-restated unrestated financial statement, have constituted a material adverse effect on the rights of the Holder with respect to this Note.

Appears in 1 contract

Samples: Convertible Promissory Note Agreement (Byzen Digital, Inc.)

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Financial Statement Restatement. The restatement of any financial statements filed by the Borrower with OTC Markets and/or the SEC at any time after 180 days after the Issuance Date for any date or period until this Note is no longer outstanding, if the result of such restatement would, by comparison to the un-restated financial statement, have constituted a material adverse effect on the rights of the Holder with respect to this Note.

Appears in 1 contract

Samples: Convertible Note Agreement (New Generation Consumer Group, Inc.)

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