Investor Right to Investigate an Event of Default. If in reasonable opinion of a Majority in Interest of the Investors, an Event of Default has occurred, or is or may be continuing: (a) the Unitholder Representative acting on behalf of the Investors may notify the Company that it wishes to investigate such purported Event of Default; (b) the Company shall cooperate with the Unitholder Representative in such investigation; (c) the Company shall comply with all reasonable requests made by the Unitholder Representative to the Company in connection with any investigation by the Unitholder Representative and shall (i) provide all information requested by the Unitholder Representative in relation to the Event of Default to the Unitholder Representative; provided that the Unitholder Representative agrees that any materially price-sensitive information and/or non-public information will be subject to confidentiality, and (ii) provide all such requested information within three (3) Business Days of such request; and (d) the Company shall pay all reasonable costs incurred by the Investors, and, if and as applicable, the Unitholder Representative in connection with any such investigation.
Appears in 5 contracts
Samples: Unit Purchase Agreement (Marizyme, Inc.), Unit Purchase Agreement (Marizyme, Inc.), Unit Purchase Agreement (Marizyme, Inc.)
Investor Right to Investigate an Event of Default. If in reasonable opinion of a Majority in of Interest of the Investors, an Event of Default has occurred, or is or may be continuing:
(a) the Unitholder Representative acting on behalf of the Investors may notify the Company that it is wishes to investigate such purported Event of Default;
(b) the Company shall cooperate with the Unitholder Representative in such investigation;
(c) the Company shall comply with all reasonable requests made by the Unitholder Representative to the Company in connection with any investigation by the Unitholder Representative and shall (i) provide all information requested by the Unitholder Representative in relation to the Event of Default to the Unitholder Representative; provided that the Unitholder Representative agrees that any materially price-price sensitive information and/or non-public information will be subject to confidentiality, and (ii) provide all such requested information within three (3) Business Days of such request; and
(d) the Company shall pay all reasonable costs incurred by the Investors, and, if and as applicable, the Unitholder Representative in connection with any such investigation.
Appears in 2 contracts
Samples: Unit Purchase Agreement (Marizyme Inc), Unit Purchase Agreement (Marizyme Inc)
Investor Right to Investigate an Event of Default. If in reasonable opinion of a Majority in of Interest of the Investors, an Event of Default has occurred, or is or may be continuing:
(a) the Unitholder Holder Representative acting on behalf of the Investors may notify the Company that it is wishes to investigate such purported Event of Default;
(b) the Company shall cooperate with the Unitholder Holder Representative in such investigation;
(c) the Company shall comply with all reasonable requests made by the Unitholder Holder Representative to the Company in connection with any investigation by the Unitholder Holder Representative and shall (i) provide all information requested by the Unitholder Holder Representative in relation to the Event of Default to the Unitholder Holder Representative; provided that the Unitholder Holder Representative agrees that any materially price-price sensitive information and/or non-public information will be subject to confidentiality, and (ii) provide all such requested information within three (3) Business Days of such request; and
(d) the Company shall pay all reasonable costs incurred by the Investors, and, if and as applicable, the Unitholder Holder Representative in connection with any such investigation.
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