Maintenance Period Defined Sample Clauses

Maintenance Period Defined. The "MAINTENANCE PERIOD" means that time period (1) beginning after the Company has issued to HNC, and HNC has purchased, the shares of Series A Preferred Stock issuable to HNC under the HNC Purchase Agreement, and (2) ending on the earlier to occur of: (i) the first date on which the aggregate cumulative amount of consideration paid by HNC to the Company for all New Securities originally purchased by HNC from the Company equals or exceeds Three Million Dollars ($3,000,000), where, for this purpose, the amount of non-cash consideration paid by HNC for New Securities shall be conclusively deemed to be the value ascribed to such consideration in good faith by the Company's Board of Directors; (ii) the termination of this Agreement under any of the provisions of Section 3 hereof; (iii) the termination of HNC's rights and obligations under Section 3.2 hereof; (iv) the termination of Thiexxxx'x xxxhts under this Agreement under the provisions of Section 3.3 hereof; (v) the termination of this Agreement by HNC under Section 3.5 hereof; or (vi) the termination of this Agreement for any other reason.
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Related to Maintenance Period Defined

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