Common use of Need for Additional Financing Clause in Contracts

Need for Additional Financing. The Company's ability to continue as a going concern is dependent upon its obtaining additional financing to support the Company's operations and contemplated growth. The Company currently requires additional equity capital or debt financing to enable further expansion and or to sustain operations. No assurance can be given that the Company will be able to locate additional capital on terms acceptable to it or at all. No assurance can be given that the Company will be successful in its offer to sell the units contemplated herein.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Retrac Medical Inc), Securities Purchase Agreement (Retrac Medical Inc)

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Need for Additional Financing. The Company's ability to continue as a going concern is dependent upon its obtaining additional financing to support the Company's operations and contemplated growth. The Units offered hereby, will not generate any cash for the Company and are being offered only in satisfaction of current obligations. The Company is currently requires additional equity capital or debt financing to enable further expansion and or to sustain operations. No assurance can be given that the Company will be able to locate additional capital on terms acceptable to it or at all. No assurance can be given that the Company will be successful in its offer to sell the units contemplated herein.Subscriber Initials______

Appears in 1 contract

Samples: Settlement Agreement (Retrac Medical Inc)

Need for Additional Financing. The Company's ability to continue as a going concern is dependent upon its obtaining additional financing to support the Company's operations and contemplated growth. The Units offered hereby, will not generate any cash for the Company and are being offered only in satisfaction of current obligations. The Company is currently requires additional equity capital or debt financing to enable further expansion and or to sustain operations. No assurance can be given that the Company will be able to locate additional capital on terms acceptable to it or at all. No assurance can be given that the Company will be successful in its offer to sell the units contemplated herein.

Appears in 1 contract

Samples: Settlement Agreement (Retrac Medical Inc)

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Need for Additional Financing. The Company's ability to continue as a going concern is dependent upon its obtaining additional financing to support the Company's operations and contemplated growth. The Units offered hereby, will not generate any cash for the Company and are being offered only in satisfaction of current obligations. The Company is currently requires additional equity capital or debt financing to enable further expansion and or to sustain operations. No assurance can be given that the Company will be able to locate additional capital on terms acceptable to it or at all. No assurance can be given that the Company will be successful in its offer to sell the units contemplated herein.Subscriber Initials_______

Appears in 1 contract

Samples: Settlement Agreement (Retrac Medical Inc)

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