Home Country Practice. Prior to the date hereof, the Company has taken all actions required pursuant to Nasdaq Rule 5615(a)(3) to duly and validly rely on the exemption for foreign private issuers from applicable rules and regulations of the Nasdaq by adopting the home country practice (the “Home Country Practice”) in connection with the transactions contemplated hereunder (including an exemption from any Nasdaq rules that would otherwise require seeking shareholder approval in respect of such transactions). The Company may issue the Advance Shares upon delivery of an Advance Notice without regard to the limitations imposed by Nasdaq Rule 5635(d). During the Commitment Period, the Company shall comply with the Home Country Practice rules and shall not take any action to change its Home Country Practice or become subject to Nasdaq Rule 5635(d). The Company’s practices in connection with the transactions contemplated hereunder are not prohibited by its home country’s laws.
Appears in 2 contracts
Samples: Standby Equity Purchase Agreement (SaverOne 2014 Ltd.), Standby Equity Purchase Agreement (SaverOne 2014 Ltd.)
Home Country Practice. Prior to the date hereof, the Company has taken all actions required pursuant to Nasdaq Rule 5615(a)(3) to duly and validly rely on the exemption for foreign private issuers from applicable rules and regulations of the Nasdaq by adopting the home country practice (the “Home Country Practice”) in connection with the transactions contemplated hereunder (including an exemption from any Nasdaq rules that would otherwise require seeking shareholder approval in respect of such transactions). The Company may issue the Advance relevant Ordinary Shares upon delivery of an Advance Notice any Advances hereunder without regard to the limitations imposed by Nasdaq Rule 5635(d). During the Commitment Period, Period the Company shall comply with the Home Country Practice rules and shall not take any action to change its Home Country Practice or become subject to Nasdaq Rule 5635(d)) with respect to transactions contemplated herein. The Company’s practices in connection with the transactions contemplated hereunder are not prohibited by its home country’s laws.
Appears in 2 contracts
Samples: Standby Equity Purchase Agreement (Lilium N.V.), Standby Equity Purchase Agreement (Lilium N.V.)