Common use of Injunction Posting of Bond Clause in Contracts

Injunction Posting of Bond. In the event a Subscriber shall elect to convert a Note or part thereof, the Company may not refuse conversion based on any claim that such Subscriber or any one associated or affiliated with such Subscriber has been engaged in any violation of law, or for any other reason, unless, an injunction from a court, on notice, restraining and or enjoining conversion of all or part of said Note shall have been sought and obtained and the Company posts a surety bond for the benefit of such Subscriber in the amount of 130% of the amount of the Note, which is subject to the injunction, which bond shall remain in effect until the completion of arbitration/litigation of the dispute and the proceeds of which shall be payable to such Subscriber to the extent Subscriber obtains judgment.

Appears in 50 contracts

Samples: Subscription Agreement (Sanguine Corp), Subscription Agreement (Select Media Communications Inc), Subscription Agreement (Vizario Inc)

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Injunction Posting of Bond. In the event a Subscriber Holder shall elect to convert a Note or part thereofthereof in whole or in part, the Company may not refuse conversion based on any claim that such Subscriber Holder or any one associated or affiliated with such Subscriber Holder has been engaged in any violation of law, or for any other reason, unless, unless an injunction from a court, on notice, restraining and or enjoining conversion of all or part of said such Note shall have been sought and obtained by the Company and the Company posts has posted a surety bond for the benefit of such Subscriber Holder in the amount of 130120% of the amount of the Note, which is subject to the injunction, which bond shall remain in effect until the completion of arbitration/litigation of the dispute and the proceeds of which shall be payable to such Subscriber Holder to the extent Subscriber Holder obtains judgment.

Appears in 49 contracts

Samples: Convertible Debenture (Caro Holdings Inc.), Convertible Debenture (Caro Holdings Inc.), Convertible Debenture (Caro Holdings Inc.)

Injunction Posting of Bond. In the event a Subscriber shall elect to convert a Note or part thereof, the Company may not refuse conversion based on any claim that such Subscriber or any one associated or affiliated with such Subscriber has been engaged in any violation of law, or for any other reason, unless, an injunction from a court, on notice, restraining and or enjoining conversion of all or part of said Note shall have been sought and obtained and the Company posts a surety bond for the benefit of such Subscriber in the amount of 130% of the amount of the Note, which is subject to the injunction, which bond shall remain in effect until the completion of arbitration/litigation of the dispute and the proceeds of which shall be payable to such Subscriber to the extent Subscriber it obtains judgment.

Appears in 7 contracts

Samples: Subscription Agreement (Commercial Concepts Inc), Subscription Agreement (Cambio Inc), Subscription Agreement (Telynx Inc)

Injunction Posting of Bond. In the event a Subscriber Holder shall elect to convert a Note Debenture or part thereofthereof in whole or in part, the Company may not refuse conversion based on any claim that such Subscriber Holder or any one associated or affiliated with such Subscriber Holder has been engaged in any violation of law, or for any other reason, unless, unless an injunction from a court, on notice, restraining and or enjoining conversion of all or part of said Note such Debenture shall have been sought and obtained by the Company and the Company posts has posted a surety bond for the benefit of such Subscriber Holder in the amount of 130120% of the amount of the Note, which is subject to the injunctionDebenture, which bond shall remain in effect until the completion of arbitration/litigation of the dispute and the proceeds of which shall be payable to such Subscriber Holder to the extent Subscriber Holder obtains judgment.

Appears in 5 contracts

Samples: Debenture Agreement (Thinspace Technology, Inc.), Convertible Debenture (Thinspace Technology, Inc.), Convertible Debenture (Thinspace Technology, Inc.)

Injunction Posting of Bond. In the event a Subscriber shall ---------------------------- elect to convert a Note or part thereof, the Company may not refuse conversion based on any claim that such Subscriber or any one associated or affiliated with such Subscriber has been engaged in any violation of law, or for any other reason, unless, an injunction from a court, on notice, restraining and or enjoining conversion of all or part of said Note shall have been sought and obtained and the Company posts a surety bond for the benefit of such Subscriber in the amount of 130% of the amount of the Note, which is subject to the injunction, which bond shall remain in effect until the completion of arbitration/litigation of the dispute and the proceeds of which shall be payable to such Subscriber to the extent Subscriber obtains judgment.

Appears in 4 contracts

Samples: Subscription Agreement (Endovasc LTD Inc), Subscription Agreement (Kaire Holdings Inc), Subscription Agreement (Kaire Holdings Inc)

Injunction Posting of Bond. In the event a Subscriber shall elect to convert a Note or part thereof, the Company may not refuse conversion based on any claim that such Subscriber or any one associated or affiliated with such Subscriber has been engaged in any violation of law, or for any other reason, unless, an injunction from a court, on notice, restraining and or enjoining conversion of all or part of said Note shall have been sought and obtained and the Company posts has posted a surety bond for the benefit of such Subscriber in the amount of 130% of the amount of the Note, which is subject to the injunction, which bond shall remain in effect until the completion of arbitration/litigation of the dispute and the proceeds of which shall be payable to such Subscriber to the extent Subscriber obtains judgment.

Appears in 3 contracts

Samples: Subscription Agreement (One Voice Technologies Inc), Subscription Agreement (One Voice Technologies Inc), Subscription Agreement (One Voice Technologies Inc)

Injunction Posting of Bond. In the event a Subscriber the Holder shall elect to convert a this Note or part a portion thereof, the Company Corporation may not refuse conversion based on any claim that such Subscriber the Holder or any one associated or affiliated with such Subscriber the Holder has been engaged in any violation of law, or for any other reason, unless, an injunction from a court, on notice, restraining and or enjoining conversion of all or part of said this Note shall have been sought and obtained and the Company Corporation posts a surety bond for the benefit of such Subscriber the Holder in the amount of 130% of the then-outstanding principal amount of the this Note, which is subject to the injunction, which bond shall remain in effect until the completion of arbitration/litigation of the dispute and the proceeds of which shall be payable to such Subscriber the Holder to the extent Subscriber it obtains judgment.

Appears in 2 contracts

Samples: Subordinated Convertible Debenture Note, Subordinated Convertible Debenture Note (Neptune Industries, Inc.)

Injunction Posting of Bond. In the event a Subscriber shall elect to convert a Note or part thereofexercise its Reset Rights, the Company may not refuse conversion based on any claim that such Subscriber or any one associated or affiliated with such Subscriber has been engaged in any violation of law, or for any other reason, unless, an injunction from a court, on notice, restraining and or and/or enjoining conversion the exercise of all or part of said Note the Subscriber's Reset rights shall have been sought and obtained and the Company posts a surety bond for the benefit of such Subscriber in the amount of 130% of the amount of the NoteDesignated Amount, which is subject to the injunction, which bond shall remain in effect until the completion of arbitration/litigation of the dispute and the proceeds of which shall be payable to such Subscriber to the extent Subscriber it obtains judgment.

Appears in 2 contracts

Samples: Subscription Agreement (Recovery Network Inc), Subscription Agreement (Rnethealth Com Inc)

Injunction Posting of Bond. In the event a Subscriber shall elect to convert a Note or part thereofthereof in whole or in part, the Company may not refuse conversion based on any claim that such Subscriber or any one associated or affiliated with such Subscriber has been engaged in any violation of law, or for any other reason, unless, unless an injunction from a court, on notice, restraining and or enjoining conversion of all or part of said such Note shall have been sought and obtained by the Company and the Company posts has posted a surety bond for the benefit of such Subscriber in the amount of 130120% of the amount of the Note, which is subject to the injunction, which bond shall remain in effect until the completion of arbitration/litigation of the dispute and the proceeds of which shall be payable to such Subscriber to the extent Subscriber obtains judgment.

Appears in 2 contracts

Samples: Convertible Note (Sanswire Corp.), Convertible Note (Globetel Communications Corp)

Injunction Posting of Bond. In the event a Subscriber shall elect to convert a Note or part thereof, the Company may not refuse conversion based on any claim that such Subscriber or any one associated or affiliated with such Subscriber has been engaged in any violation of law, or for any other reason, unless, an injunction from a court, on notice, restraining and or enjoining conversion of all or part of said Note shall have been sought and obtained and the Company posts a surety bond for the benefit of such Subscriber in the amount of 130% of the amount of the Note, which is subject to the injunction, which bond shall remain in effect until the completion of arbitration/arbitration litigation of the dispute and the proceeds of which shall be payable to such Subscriber to the extent Subscriber obtains judgment.

Appears in 1 contract

Samples: Subscription Agreement (Team Communications Group Inc)

Injunction Posting of Bond. In the event a Subscriber shall elect to convert a Note or part thereof, the Company NCT may not refuse conversion based on any claim that such Subscriber or any one associated or affiliated with such Subscriber has been engaged in any violation of law, or for any other reason, unless, an injunction from a court, on notice, restraining and or enjoining conversion of all or part of said Note shall have been sought and obtained and the Company NCT posts a surety bond for the benefit of such Subscriber in the amount of 130% of the amount of the Note, which is subject to the injunction, which bond shall remain in effect until the completion of arbitration/litigation of the dispute and the proceeds of which shall be payable to such Subscriber to the extent Subscriber obtains judgment.

Appears in 1 contract

Samples: Subscription Agreement (NCT Group Inc)

Injunction Posting of Bond. In the event a Subscriber Holder shall elect to convert a Note or part thereof, the Company may not refuse conversion based on any claim that such Subscriber Holder or any one associated or affiliated with such Subscriber Holder has been engaged in any violation of law, or for any other reason, unless, an injunction from a court, on notice, restraining and or enjoining conversion of all or part of said Note shall have been sought and obtained and the Company posts has posted a surety bond for the benefit of such Subscriber Holder in the amount of 130% of the amount of the Note, which is subject to the injunction, which bond shall remain in effect until the completion of arbitration/litigation of the dispute and the proceeds of which shall be payable to such Subscriber Holder to the extent Subscriber Holder obtains judgment.

Appears in 1 contract

Samples: Secured Convertible Debenture (Mexoro Minerals LTD)

Injunction Posting of Bond. In the event a Subscriber shall elect to convert a Note or part thereof, the Company may not refuse conversion or exercise based on any claim that such Subscriber or any one associated or affiliated with such Subscriber has been engaged in any violation of law, or for any other reason, unless, an injunction from a court, on notice, restraining and or enjoining conversion of all or part of said Note shall have been sought and obtained by the Company and the Company posts has posted a surety bond for the benefit of such Subscriber in the amount of 130% of the amount of the Note, which is subject to the injunction, which bond shall remain in effect until the completion of arbitration/litigation of the dispute and the proceeds of which shall be payable to such Subscriber to the extent Subscriber obtains judgment.

Appears in 1 contract

Samples: Subscription Agreement (One Voice Technologies Inc)

Injunction Posting of Bond. In the event a Subscriber Holder shall elect to convert a Note Now or part thereof, the Company may not refuse conversion based on any claim that such Subscriber Holder or any one associated or affiliated with such Subscriber Holder has been engaged in any violation of law, or for any other reason, unless, an injunction from a court, on notice, restraining and or enjoining conversion of all or part of said Note shall have been sought and obtained and the Company posts a surety bond for the benefit of such Subscriber Holder in the amount of 130% of the amount of the Note, which is subject to the injunction, which bond shall remain in effect until the completion of arbitration/litigation of the dispute and the proceeds of which shall be payable to such Subscriber Holder to the extent Subscriber Holder obtains judgment.

Appears in 1 contract

Samples: Convertible Note (Globetel Communications Corp)

Injunction Posting of Bond. In the event a Subscriber shall elect to ---------------------------- convert a Note or part thereof, the Company may not refuse conversion based on any claim that such Subscriber or any one associated or affiliated with such Subscriber has been engaged in any violation of law, or for any other reason, unless, an injunction from a court, on notice, restraining and or enjoining conversion of all or part of said Note shall have been sought and obtained and the Company posts a surety bond for the benefit of such Subscriber in the amount of 130% of the amount of the Note, which is subject to the injunction, which bond shall remain in effect until the completion of arbitration/litigation of the dispute and the proceeds of which shall be payable to such Subscriber to the extent Subscriber obtains judgment.

Appears in 1 contract

Samples: Subscription Agreement (Go Online Networks Corp)

Injunction Posting of Bond. In the event a Subscriber shall elect to convert a Note in whole or part thereofin part, the Company may not refuse conversion or exercise based on any claim that such Subscriber or any one associated or affiliated with such Subscriber has been engaged in any violation of law, or for any other reason, unless, an injunction from a court, on notice, restraining and or enjoining conversion of all or part of said Note shall have been sought and obtained by the Company and the Company posts has posted a surety bond for the benefit of such Subscriber in the amount of 130120% of the amount of the Note, which is subject to the injunction, which bond shall remain in effect until the completion of arbitration/litigation of the dispute and the proceeds of which shall be payable to such Subscriber to the extent Subscriber obtains judgment.

Appears in 1 contract

Samples: Subscription Agreement (View Systems Inc)

Injunction Posting of Bond. In the event a Subscriber shall elect to convert a Note or part thereofthereof , the Company may not refuse conversion or exercise based on any claim that such Subscriber or any one associated or affiliated with such Subscriber has been engaged in any violation of law, or for any other reason, unless, an injunction from a court, on notice, restraining and or enjoining conversion of all or part of said Note shall have been sought and obtained and the Company posts has posted a surety bond for the benefit of such Subscriber in the amount of 130% of the amount of the Note, which is are subject to the injunction, which bond shall remain in effect until the completion of arbitration/litigation of the dispute and the proceeds of which shall be payable to such Subscriber to the extent Subscriber obtains judgment.

Appears in 1 contract

Samples: Subscription Agreement (Telecom Communications Inc)

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Injunction Posting of Bond. In the event a Subscriber Holder shall elect to convert a Note or part thereofthereof in whole or in part, the Company may not refuse conversion based on any claim that such Subscriber Holder or any one anyone associated or affiliated with such Subscriber Holder has been engaged in any violation of law, or for any other reason, unless, unless an injunction from a court, on notice, restraining and or enjoining conversion of all or part of said such Note shall have been sought and obtained by the Company and the Company posts has posted a surety bond for the benefit of such Subscriber Holder in the amount of 130120% of the amount of the Note, which is subject to the injunction, which bond shall remain in effect until the completion of arbitration/litigation of the dispute and the proceeds of which shall be payable to such Subscriber Holder to the extent Subscriber Holder obtains judgment.

Appears in 1 contract

Samples: Convertible Debenture (Cargo Connection Logistics Holding, Inc.)

Injunction Posting of Bond. In the event a Subscriber shall ---------------------------- elect to convert a Note or part thereof, the Company may not refuse conversion based on any claim that such Subscriber or any one associated or affiliated with such Subscriber has been engaged in any violation of law, or for any other reason, unless, an injunction from a court, on notice, restraining and or enjoining conversion of all or part of said Note shall have been sought and obtained and the Company posts a surety bond for the benefit of such Subscriber in the amount of 130% of the amount of the Note, which is subject to the injunction, which bond shall remain in effect until the completion of arbitration/litigation of the dispute and the proceeds of which shall be payable to such Subscriber to the extent Subscriber it obtains judgment.

Appears in 1 contract

Samples: Subscription Agreement (Kaire Holdings Inc)

Injunction Posting of Bond. In the event a Subscriber shall elect to convert a Note or part thereofexercise its Reset Rights, the Company may not refuse conversion based on any claim that such Subscriber or any one associated or affiliated with such Subscriber has been engaged in any violation of law, or for any other reason, unless, an injunction from a court, on notice, restraining and or and/or enjoining conversion the exercise of all or part of said Note the Subscriber's Reset Rights shall have been sought and obtained and the Company posts a surety bond for the benefit of such Subscriber in the amount of 130% of the amount of the NoteDesignated Amount, which is subject to the injunction, which bond shall remain in effect until the completion of arbitration/litigation of the dispute and the proceeds of which shall be payable to such Subscriber to the extent Subscriber it obtains judgment.

Appears in 1 contract

Samples: Subscription Agreement (Teltran International Group LTD)

Injunction Posting of Bond. In the event a Subscriber shall elect to convert a Note or part thereof, the Company may not refuse conversion based on any claim that such Subscriber or any one associated or affiliated with such Subscriber has been engaged in any violation of law, or for any other reason, reason unless, an injunction from a court, on notice, restraining and or enjoining conversion of all or part of said Note shall have been sought and obtained and the Company posts a surety bond for the benefit of such Subscriber in the amount of 130150% of the amount of the Note, which is subject to the injunction, which bond shall remain in effect until the completion of arbitration/litigation of the dispute and the proceeds of which shall be payable to such Subscriber to the extent Subscriber it obtains judgment.

Appears in 1 contract

Samples: Subscription Agreement (Antra Holdings Group Inc)

Injunction Posting of Bond. In the event a Subscriber shall elect to convert a Note or part thereof, the Company may not refuse conversion based on any claim that such Subscriber or any one associated or affiliated with such Subscriber has been engaged in any violation of law, or for any other reason, unless, an injunction from a court, on notice, restraining and or enjoining conversion of all or part of said Note shall have been sought and obtained by the Company and the Company posts a surety bond for the benefit of such Subscriber in the amount of 130% of the amount of the Note, which is subject to the injunction, which bond shall remain in effect until the completion of arbitration/litigation of the dispute and the proceeds of which shall be payable to such Subscriber to the extent Subscriber it obtains judgment.

Appears in 1 contract

Samples: Subscription Agreement (Tech Laboratories Inc)

Injunction Posting of Bond. In the event a Subscriber shall elect to convert a Note or part thereof, the Company may not refuse conversion based on any claim that such Subscriber or any one associated or affiliated with such Subscriber has been engaged in any violation of law, law or for any other reason, unless, an injunction from a court, on notice, restraining and or enjoining conversion of all or part of said Note shall have been sought and obtained by the Company and the Company posts a surety bond for the benefit of such Subscriber in the amount of 130% of the amount of the Note, which is subject to the injunction, which bond shall remain in effect until the completion of arbitration/litigation of the dispute and the proceeds of which shall be payable to such Subscriber to the extent Subscriber it obtains judgment.

Appears in 1 contract

Samples: Subscription Agreement (Plus Solutions Inc)

Injunction Posting of Bond. In the event a Subscriber shall elect to ---------- convert a Note Notes or part thereof, the Company may not refuse conversion based on any claim that such Subscriber or any one associated or affiliated with such Subscriber has been engaged in any violation of law, or for any other reason, unless, an injunction from a court, on notice, restraining and or enjoining conversion of all or part of said Note Notes shall have been sought and obtained and the Company posts a surety bond for the benefit of such Subscriber in the amount of 130% of the amount of the NoteNotes, which is subject to the injunction, which bond shall remain in effect until the completion of arbitration/litigation of the dispute and the proceeds of which shall be payable to such Subscriber to the extent Subscriber obtains judgment.

Appears in 1 contract

Samples: Subscription Agreement (Liquidix Inc)

Injunction Posting of Bond. In the event a Subscriber shall elect to convert a Note or part thereof, the Company may not refuse conversion based on any claim that such Subscriber or any one associated or affiliated with such Subscriber has been engaged in any violation of law, or for any other reason, unless, an injunction from a court, on notice, restraining and or enjoining conversion of all or part of said Note or Put Note shall have been sought and obtained and the Company posts a surety bond for the benefit of such Subscriber in the amount of 130% of the amount of the Note or Put Note, which is subject to the injunction, which bond shall remain in effect until the completion of arbitration/litigation of the dispute and the proceeds of which shall be payable to such Subscriber to the extent Subscriber it obtains judgment.

Appears in 1 contract

Samples: Subscription Agreement (Ibiz Technology Corp)

Injunction Posting of Bond. In the event a Subscriber shall elect to convert a Note or Put Note or part thereof, the Company may not refuse conversion based on any claim that such Subscriber or any one associated or affiliated with such Subscriber has been engaged in any violation of law, or for any other reason, unless, an injunction from a court, on notice, restraining and or enjoining conversion of all or part of said Note or Put Note shall have been sought and obtained and the Company posts a surety bond for the benefit of such Subscriber in the amount of 130% of the amount of the Note, which is subject to the injunction, which bond shall remain in effect until the completion of arbitration/litigation of the dispute and the proceeds of which shall be payable to such Subscriber to the extent Subscriber it obtains judgment.

Appears in 1 contract

Samples: Subscription Agreement (Osage Systems Group Inc)

Injunction Posting of Bond. In the event a Subscriber shall elect to convert a Note or part thereof, the Company may not refuse conversion or exercise based on any claim that such Subscriber or any one associated or affiliated with such Subscriber has been engaged in any violation of law, or for any other reason, unless, an injunction from a court, on notice, restraining and or enjoining conversion of all or part of said Note shall have been sought and obtained and the Company posts has posted a surety bond for the benefit of such Subscriber in the amount of 130% of the amount of the Note, which is are subject to the injunction, which bond shall remain in effect until the completion of arbitration/litigation of the dispute and the proceeds of which shall be payable to such Subscriber to the extent Subscriber obtains judgment.

Appears in 1 contract

Samples: Subscription Agreement (Bravo Foods International Corp)

Injunction Posting of Bond. In the event a Subscriber Holder shall elect to convert a Note or part thereofthereof in whole or in part, the Company may not refuse conversion based on any claim that such Subscriber Holder or any one associated or affiliated with such Subscriber Holder has been engaged in any violation of law, or for any other reason, unless, unless an injunction from a court, on notice, restraining and or enjoining conversion of all or part of said such Note shall have been sought and obtained by the Company and the Company posts has posted a surety bond for the benefit of such Subscriber Holder in the amount of 130120% of the amount of the Note, which is subject to the injunction, which bond shall remain in effect until the completion of arbitration/litigation of the dispute and the proceeds of which shall be payable to such Subscriber Holder to the extent Subscriber Holder obtains judgment.

Appears in 1 contract

Samples: Convertible Debenture (Mindpix Corp)

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