Common use of Limitation on Future Financing Clause in Contracts

Limitation on Future Financing. The Company agrees that it will not, without the consent of the registered holders of the Convertible Notes, enter into any financing at a discount to Market Price until six months after the effective date of the Registration Statement; provided, however, anything to the contrary appearing herein notwithstanding, neither this Section nor any other provision hereof shall be construed to restrict or prohibit the Company's right to restructure, amend or modify any facility existing on the date hereof that does not materially impair the rights of the holders of the Convertible Notes.

Appears in 2 contracts

Samples: Securities Purchase Agreement (E Rex Inc), Registration Rights Agreement (Advanced Optics Electronics Inc)

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Limitation on Future Financing. The Company agrees that it will not, without the consent of the registered holders of the Convertible NotesInvestor, enter into any financing at a discount to Market Price until six months after the effective date of the Registration Statement; provided, however, anything to the contrary appearing herein notwithstanding, neither this Section nor any other provision hereof shall be construed to restrict or prohibit the Company's right to restructure, amend or modify any facility existing on the date hereof that does not materially impair the rights of the holders of the Convertible NotesPreferred Stock.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Integrated Surgical Systems Inc)

Limitation on Future Financing. The Company agrees that it will not, without the consent of the registered holders of the Convertible Notes, enter into any financing at a discount to Market Price exceeding 25% until six months after the effective date of the Registration Statement; provided, however, anything to the contrary appearing herein notwithstanding, neither this Section nor any other provision hereof shall be construed to restrict or prohibit the Company's right to restructure, amend or modify any facility existing on the date hereof that does not materially impair the rights of the holders of the Convertible Notes.

Appears in 1 contract

Samples: Securities Purchase Agreement (Lakota Technologies Inc)

Limitation on Future Financing. The Company agrees that it will not, without the consent of the registered holders of the Convertible Notes, not enter into any financing at a discount to Market Price until (i) six months after from the effective date of the Registration Statement, or (ii) each Investor gives written approval for such additional financing; provided, however, anything to the contrary appearing herein notwithstanding, neither this Section nor any other provision hereof shall be construed to restrict or prohibit the Company's right to restructure, amend or modify any financing facility existing on the date hereof that does not materially impair the rights of the holders of the Convertible Noteshereof.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Integrated Surgical Systems Inc)

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Limitation on Future Financing. The Company agrees that it will not, without the consent of the registered holders 85% in interest of the Convertible NotesInvestors, enter into any financing at a discount to Market Price until six months after the effective date of the Registration Statement; provided, however, anything to the contrary appearing herein notwithstanding, neither this Section nor any other provision hereof shall be construed to restrict or prohibit the Company's right to restructure, amend or modify any facility existing on the date hereof that does not materially impair the rights of the holders of the Convertible NotesPreferred Stock.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Integrated Surgical Systems Inc)

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