Common use of Listing/Quotation Clause in Contracts

Listing/Quotation. The Company shall promptly secure the quotation or listing of the Conversion Shares upon each national securities exchange, or automated quotation system upon which the Company’s Common Stock is quoted or listed and upon which such Conversion Shares are or become eligible for quotation or listing (subject to official notice of issuance) and shall maintain same until the last to occur of (i) all the Conversion Shares are eligible to be transferred or sold by the Subscribers pursuant to a registration statement or pursuant to Rule 144(b)(1)(i), and have been so eligible for twenty-four months, (ii) none of the New Notes are outstanding or (iii) twelve (12) months from the last conversion of a New Note to the extent a New Note is fully converted prior to repayment (the date of such latest occurrence being the “End Date”); provided, however that in the event that the Conversion Shares (to the extent issued) cease to be outstanding or held by the Subscribers, the End Date shall be the business day immediately preceding such date that the Conversion Shares (to the extent issued) ceased to be outstanding or held by the Subscribers. The Company will maintain the quotation or listing of its Common Stock on the NYSE Amex Equities, Nasdaq Capital Market, Nasdaq Global Market, Nasdaq Global Select Market, Bulletin Board, or New York Stock Exchange (whichever of the foregoing is at the time the principal trading exchange or market for the Common Stock (the “Principal Market”), and will comply in all respects with the Company’s reporting, filing and other obligations under the bylaws or rules of the Principal Market, as applicable. Subject to the limitation set forth in Section 9(n), the Company will provide Subscribers with copies of all notices it receives notifying the Company of the threatened and actual delisting of the Common Stock from any Principal Market. As of the date of this Agreement and the Closing Date, the Bulletin Board is the Principal Market.

Appears in 4 contracts

Samples: Subscription Agreement (Southern Usa Resources Inc.), Subscription Agreement (Southern Usa Resources Inc.), Subscription Agreement (Southern Usa Resources Inc.)

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Listing/Quotation. The Company shall promptly secure the quotation or listing of the Conversion Shares upon each national securities exchange, or automated quotation system upon which the Company’s Common Stock is quoted or listed and upon which such Conversion Shares are or become eligible for quotation or listing (subject to official notice of issuance) and shall maintain same until the last to occur of (i) all the Conversion Shares are eligible to be transferred or sold by the Subscribers pursuant to a registration statement or pursuant to Rule 144(b)(1)(i), and have been so eligible for twenty-four months, (ii) none of the New Notes are outstanding or (iii) twelve (12) months from the last conversion of a New Note to the extent a New Note is fully converted prior to repayment (the date of such latest occurrence being the “End Date”); provided, however that in the event that the Conversion Shares (to the extent issued) cease to be outstanding or held by the Subscribers, the End Date shall be the business day immediately preceding such date that the Conversion Shares (to the extent issued) ceased to be outstanding or held by the Subscribers. The Company will maintain the quotation or listing of its Common Stock on the NYSE Amex Equities, Nasdaq Capital Market, Nasdaq Global Market, Nasdaq Global Select Market, Bulletin Board, or New York Stock Exchange (whichever of the foregoing is at the time the principal trading exchange or market for the Common Stock (the “Principal Market”), and will comply in all respects with the Company’s reporting, filing and other obligations under the bylaws or rules of the Principal Market, as applicable. Subject to the limitation set forth in Section 9(n), the Company will provide Subscribers with copies of all notices it receives notifying the Company of the threatened and actual delisting of the Common Stock from any Principal Market. As of the date of this Agreement and the Closing Date, the Bulletin Board is the Principal Market.

Appears in 1 contract

Samples: Subscription Agreement (Southern Usa Resources Inc.)

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