Key Person. If at any time during the Commitment Period either of the Company’s CEO or CFO as of the Execution Date, resigns or is otherwise removed from office (except for cases of death or disability), then a liquidated damages charge of $25,000.00 will be assessed, in each case, and will become immediately due and payable to the Buyer in the form of cash payment. The liquidated damages charge in this Section 6.12 shall be in addition to, and not in substitution of, any of the other rights of the Investor under this Agreement.
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Samples: Equity Purchase Agreement (Global Diversified Marketing Group Inc.), Equity Purchase Agreement (Quantum Computing Inc.), Equity Purchase Agreement (Sharing Economy International Inc.)
Key Person. If at any time during the Commitment Period either of the Company’s CEO or CFO as of the Execution Date, resigns or is otherwise removed from office (except 303052655 v2 303052655 v4 for cases of death or disability), then a liquidated damages charge of $25,000.00 will be assessed, in each case, and will become immediately due and payable to the Buyer in the form of cash payment. The liquidated damages charge in this Section 6.12 shall be in addition to, and not in substitution of, any of the other rights of the Investor under this Agreement.
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Key Person. If at any time during the Commitment Period either of the Company’s CEO or CFO COO as of the Execution Date, resigns or is otherwise removed from office (except for cases of death or disability), then a liquidated damages charge of $25,000.00 will be assessed, in each case, and will become immediately due and payable to the Buyer in the form of cash payment. The liquidated damages charge in this Section 6.12 shall be in addition to, and not in substitution of, any of the other rights of the Investor under this Agreement.
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Samples: Equity Purchase Agreement (Generex Biotechnology Corp)
Key Person. If at any time during the Commitment Period either of the Company’s CEO or CFO as of the Execution Date, resigns or is otherwise removed from office (except for cases of death or disabilitydisability or if approved by the Investor), then a liquidated damages charge of $25,000.00 25,000 will be assessed, in each case, and will become immediately due and payable to the Buyer Investor in the form of cash payment. The liquidated damages charge in this Section 6.12 shall be in addition to, and not in substitution of, any of the other rights of the Investor under this Agreement.
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