Common use of Hardship Clause in Contracts

Hardship. In the event the Investor sells shares of the Company's Common Stock after receipt of an Advance Notice and the Company fails to perform its obligations as mandated in Section 2.3, and specifically the Company fails to deliver to the Escrow Agent on the Advance Date the shares of Common Stock corresponding to the applicable Advance, the Company acknowledges that the Investor shall suffer financial hardship and therefore shall be liable for any and all losses, commissions, fees, or financial hardship caused to the Investor.

Appears in 37 contracts

Samples: Standby Equity Distribution Agreement (Sonoran Energy Inc), Investment Agreement (Edgar Filingnet Inc), Standby Equity Distribution Agreement (Americana Publishing Inc)

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Hardship. In the event the Investor sells shares of the Company's ’s Common Stock after receipt of an Advance Notice and the Company fails to perform its obligations as mandated in Section 2.3, and specifically the Company fails to deliver to the Escrow Agent Investor on the Advance Date the shares of Common Stock corresponding to the applicable AdvanceAdvance pursuant to Section 2.3(a)(i), the Company acknowledges that the Investor shall suffer financial hardship and therefore shall be liable for any and all losses, commissions, fees, or financial hardship caused to the Investor.

Appears in 18 contracts

Samples: Reserve Equity Financing Agreement (Vertro, Inc.), Reserve Equity Financing Agreement (Neah Power Systems, Inc.), Standby Equity Distribution Agreement (Cti Industries Corp)

Hardship. In the event the Investor sells shares of the Company's Common Stock after receipt of an Advance Notice and the Company fails to perform its obligations as mandated in Section 2.3, and specifically the Company fails to deliver to the Escrow Agent Investor on the Advance Date the shares of Common Stock corresponding to the applicable Advance, the Company acknowledges that the Investor shall suffer financial hardship and therefore shall be liable for any and all losses, commissions, fees, or financial hardship caused to the Investor.

Appears in 15 contracts

Samples: Standby Equity Distribution Agreement (Jeantex Group, Inc.), Standby Equity Distribution Agreement (Enclaves Group Inc), Standby Equity Distribution Agreement (Poseidis Inc)

Hardship. In the event the Investor sells shares of the Company's ’s Common Stock after receipt of an Advance Notice and the Company fails to perform its obligations as mandated in Section 2.3, and specifically the Company fails to deliver to the Escrow Agent on the Advance Date the shares of Common Stock corresponding to the applicable Advance, the Company acknowledges that the Investor shall suffer financial hardship and therefore shall be liable for any and all losses, commissions, fees, or financial hardship caused to the Investor.

Appears in 10 contracts

Samples: Standby Equity Distribution Agreement, Standby Equity Distribution Agreement (Spherix Inc), Standby Equity Distribution Agreement (Xsunx Inc)

Hardship. In the event the Investor sells shares of the Company's ’s Common Stock after receipt of an Advance Notice and the Company fails to perform its obligations as mandated in Section 2.3, and specifically the Company fails to deliver to the Escrow Agent Investor on the Advance Date the shares of Common Stock corresponding to the applicable Advance, the Company acknowledges that the Investor shall suffer financial hardship and therefore shall be liable for any and all losses, commissions, fees, or financial hardship caused to the Investor.

Appears in 7 contracts

Samples: Standby Equity Distribution Agreement (Cenuco Inc), Standby Equity Distribution Agreement (Unicorp Inc /New), Standby Equity Distribution Agreement (China Automotive Systems Inc)

Hardship. In the event the Investor sells shares of the Company's Common Stock after receipt of an Advance Notice and the Company fails to perform its obligations as mandated in Section 2.3, and specifically the Company fails to deliver to the Escrow Agent Investor on the Advance Date the shares of Common Stock corresponding to the applicable AdvanceAdvance pursuant to Section 2.3(a)(i), the Company acknowledges that the Investor shall suffer financial hardship and therefore shall be liable for any and all losses, commissions, fees, or financial hardship caused to the Investor.

Appears in 3 contracts

Samples: Standby Equity Distribution Agreement (Epicept Corp), Standby Equity Distribution Agreement (Visiongateway Inc), Standby Equity Distribution Agreement (Brightec, Inc)

Hardship. In the event the Investor sells shares of the Company's ’s Common Stock after receipt of an Advance Notice and the Company fails to perform its obligations as mandated in Section 2.32.03, and specifically the Company fails to deliver to the Escrow Agent Investor on the Advance Date the shares of Common Stock corresponding to the applicable AdvanceAdvance pursuant to Section 2.03(a)(i), the Company acknowledges that the Investor shall suffer financial hardship and therefore shall be liable for any and all losses, commissions, fees, or financial hardship caused to the Investor.

Appears in 3 contracts

Samples: Standby Equity Distribution Agreement (Power of the Dream Ventures Inc), Standby Equity Distribution Agreement (Power of the Dream Ventures Inc), Standby Equity Distribution Agreement (Hydrogen Engine Center, Inc.)

Hardship. In the event the Investor sells shares of the Company's ’s Common Stock after receipt of an Advance Notice and the Company fails to perform its obligations as mandated in Section 2.3, and specifically the Company fails to deliver to the Escrow Agent Investor on the Advance Date the shares of Common Stock corresponding to the applicable AdvanceAdvance pursuant to Section 2.3(a)(i), the Company acknowledges that the Investor shall suffer financial hardship and therefore and, provided that the Investor has performed its obligations pursuant to Section 2.3,therefore shall be liable for any and all losses, commissions, fees, or financial hardship caused to the Investor.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Cord Blood America, Inc.), Securities Purchase Agreement (Cord Blood America, Inc.)

Hardship. In the event the Investor sells shares of the Company's Common Stock after receipt of an Advance Notice and the Company fails to perform its obligations as mandated in Section 2.3, and specifically the Company fails to deliver to the Escrow Agent on Investor at the Advance Date Closing the shares of Common Stock corresponding to the applicable AdvanceSettlement Document or Corrected Settlement Document pursuant to Section 2.03, the Company acknowledges that the Investor shall suffer financial hardship and therefore shall be liable for any and all losses, commissions, fees, or financial hardship caused to the Investor.caused

Appears in 1 contract

Samples: Standby Equity Distribution Agreement (Omagine, Inc.)

Hardship. In the event the Investor sells shares of the Company's ’s Common Stock after receipt of an Advance Notice and the Company fails to perform its obligations as mandated in Section 2.3, and specifically if the Company fails to deliver to the Escrow Agent Investor on the Advance Date the shares of Common Stock corresponding to the applicable Advance, the Company acknowledges that the Investor shall suffer financial hardship and therefore shall be liable for any and all losses, commissions, fees, or financial hardship caused to the Investor.

Appears in 1 contract

Samples: Standby Equity Distribution Agreement (Titan Pharmaceuticals Inc)

Hardship. In the event the Investor sells shares of the Company's ’s Common Stock after receipt of an Advance Notice and the Company fails to perform its obligations as mandated in Section 2.3, and specifically the Company fails to deliver to the Escrow Agent Investor on the Advance Date the shares of Common Stock corresponding to the applicable AdvanceAdvance pursuant to Section 2.03(a)(i), the Company acknowledges that the Investor shall suffer financial hardship and therefore shall be liable for any and all losses, commissions, fees, or financial hardship caused to the Investor.

Appears in 1 contract

Samples: Standby Equity Distribution Agreement (Advanced Life Sciences Holdings, Inc.)

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Hardship. In the event the Investor sells shares of the Company's ’s Common Stock after receipt of an Advance Notice and the Company fails to perform its obligations as mandated in Section 2.3, and specifically the Company fails to deliver to the Escrow Agent Investor on the Advance Purchase Date the shares of Common Stock corresponding to the applicable Advance, the Company acknowledges that the Investor shall suffer financial hardship and therefore shall be liable for any and all losses, commissions, fees, or financial hardship caused to the Investor.

Appears in 1 contract

Samples: Periodic Equity Investment Agreement (Cereplast Inc)

Hardship. In the event the Investor sells shares of the Company's Common Stock after receipt of an Advance Notice and the Company fails to perform its obligations as mandated in Section 2.32.2(a), and specifically the Company fails to deliver to the Escrow Agent on the Advance Date the shares of Common Stock corresponding to the applicable Advance, the Company acknowledges that the Investor shall suffer financial hardship and therefore shall be liable for any and all losses, commissions, fees, or financial hardship caused to the Investor.

Appears in 1 contract

Samples: Standby Equity Distribution Agreement (Cord Blood America, Inc.)

Hardship. In the event the Investor sells shares of the Company's Common Stock after receipt of an Advance Notice and the Company fails to perform its obligations as mandated in Section 2.3, and specifically the Company fails to deliver to the Escrow Agent Investor on the Advance Date the shares of Common Stock corresponding to the applicable AdvanceAdvance pursuant to Section 2.3(i), the Company acknowledges that the Investor shall may suffer financial hardship and therefore shall be liable for any and all losses, commissions, fees, or financial hardship caused to the Investor.

Appears in 1 contract

Samples: Standby Equity Distribution Agreement (Acacia Research Corp)

Hardship. In the event the Investor sells shares of the Company's Common Stock after receipt of an Advance Notice and the Company fails to perform its obligations as mandated in Section 2.3, and specifically the Company fails to deliver to the Escrow Agent Investor on the Advance Purchase Date the shares of Common Stock corresponding to the applicable Advance, the Company acknowledges that the Investor shall suffer financial hardship and therefore shall be liable for any and all losses, commissions, fees, or financial hardship caused to the Investor.

Appears in 1 contract

Samples: Periodic Equity Investment Agreement (Cereplast Inc)

Hardship. In the event the Investor sells shares of the Company's Common Stock after receipt of pursuant to an Advance Notice and the Company fails to perform its obligations as mandated in Section 2.32.5 , and specifically the Company fails to deliver to provide the Escrow Agent on the Advance Date Investor with the shares of Common Stock corresponding to for the applicable Advance, the Company acknowledges that the Investor shall suffer financial hardship and therefore shall be liable for any and all losses, commissions, fees, or financial hardship caused to the Investor.

Appears in 1 contract

Samples: Standby Equity Distribution Agreement (Lmic Inc)

Hardship. In the event the Investor sells shares of the Company's Common Stock after receipt of an Advance Notice and the Company fails to perform its obligations as mandated in Section 2.3, and specifically the Company fails to deliver to the Escrow Payment Agent on the Advance Purchase Date the shares of Common Stock corresponding to the applicable Advance, the Company acknowledges that the Investor shall suffer financial hardship and therefore shall be liable for any and all losses, commissions, fees, or financial hardship caused to the Investor.

Appears in 1 contract

Samples: Periodic Equity Investment Agreement (Roaming Messenger Inc)

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