No Violation of Applicable Law. Notwithstanding any provision of this Agreement to the contrary, if the redemption of the Debentures or the Underlying Shares otherwise required under this Agreement or the Debentures would be prohibited by the relevant provisions of Delaware law, such redemption shall be effected as soon as it is permitted under such law; provided, however, that interest payable by the Company with respect to any such redemption shall accrue in accordance with Section 4.19.
Appears in 3 contracts
Samples: Convertible Debenture Purchase Agreement (Reality Wireless Networks Inc), Convertible Debenture Purchase Agreement (Insite Vision Inc), Convertible Debenture Purchase Agreement (Scores Holding Co Inc)
No Violation of Applicable Law. Notwithstanding any provision of this Agreement to the contrary, if the any redemption of the Debentures or the Underlying Shares Securities otherwise required under this Agreement or the Debentures Transaction Documents would be prohibited by the relevant provisions of the Delaware lawGeneral Corporation Law, such redemption shall be effected as soon as it is permitted under such law; provided, however, that that, interest payable by the Company with respect to any such redemption shall continue to accrue in accordance with Section 4.194.12 during any such period.
Appears in 2 contracts
Samples: Convertible Preferred Stock Purchase Agreement (Vasomedical Inc), Convertible Preferred Stock Purchase Agreement (Vasomedical Inc)
No Violation of Applicable Law. Notwithstanding any provision of this Agreement to the contrary, if the any redemption of the Debentures Shares or the Underlying Shares otherwise required under this Agreement or the Debentures Transaction Documents would be prohibited by the relevant provisions of the Delaware lawGeneral Corporation Law, such redemption shall be effected as soon as it is permitted under such law; provided, however, that that, interest payable by the Company with respect to any such redemption shall continue to accrue in accordance with Section 4.194.12 during any such period.
Appears in 2 contracts
Samples: Convertible Preferred Stock Purchase Agreement (Phoenix Network Inc), Convertible Preferred Stock Purchase Agreement (Phoenix Network Inc)
No Violation of Applicable Law. Notwithstanding any provision of this Agreement to the contrary, if the redemption of the Debentures Debentures, the Warrants, the Underlying Shares or the Underlying Warrant Shares otherwise required under this Agreement Agreement, the Debenture, the Warrant, or the Debentures Registration Rights Agreement would be prohibited by the relevant provisions of Delaware law, such redemption shall be effected as soon as it is permitted under such law; provided, however, that interest payable by the Company with respect to any such redemption shall continue to accrue in accordance with Section 4.194.20.
Appears in 2 contracts
Samples: Convertible Debenture Purchase Agreement (Surgilight Inc), Convertible Debenture Purchase Agreement (Surgilight Inc)
No Violation of Applicable Law. Notwithstanding any provision of this Agreement to the contrary, if the any repurchase or redemption of the Convertible Debentures or the Underlying Shares otherwise required under this Agreement or the Debentures Transaction Documents would be prohibited by the relevant provisions of the Delaware lawGeneral Corporation Law, such redemption shall be effected as soon as it is permitted under such law; provided, however, that that, interest payable by the Company with respect to any such repurchase or redemption shall continue to accrue in accordance with Section 4.194.12 during any such period.
Appears in 1 contract
Samples: Convertible Debenture Purchase Agreement (Playnet Technologies Inc)
No Violation of Applicable Law. Notwithstanding any provision of ------------------------------- this Agreement to the contrary, if the redemption of the Debentures or the Underlying Shares otherwise required under this Agreement or the Debentures would be prohibited by the relevant provisions of Delaware law, such redemption shall be effected as soon as it is permitted under such law; provided, however, that interest payable by the Company with respect to any such redemption shall accrue in accordance with Section 4.19.
Appears in 1 contract
Samples: Senior Convertible Debenture Purchase Agreement (Heritage Worldwide Inc)
No Violation of Applicable Law. Notwithstanding any provision of ------------------------------- this Agreement to the contrary, if the redemption of the Debentures or the Underlying Shares otherwise required under this Agreement or the Debentures would be prohibited by the relevant provisions of Delaware law, such redemption shall be effected as soon as it is permitted under such law; provided, however, -------- ------- that interest payable by the Company with respect to any such redemption shall accrue in accordance with Section 4.19.. -------------
Appears in 1 contract
Samples: Convertible Debenture Purchase Agreement (Heritage Worldwide Inc)
No Violation of Applicable Law. Notwithstanding any provision of this Agreement to the contrary, if the redemption of the Debentures or the Underlying Shares otherwise required under this Agreement or the Debentures Certificate of Designation would be prohibited by the relevant provisions of Delaware law, such redemption shall be effected as soon as it is permitted under such law; provided, however, that interest payable by the Company with respect to any such redemption shall accrue in accordance with Section 4.19Article X(e) of the Certificate of Designation until such redemption is effected.
Appears in 1 contract
Samples: Convertible Preferred Stock Purchase Agreement (Market Central Inc)
No Violation of Applicable Law. Notwithstanding any provision of this Agreement to the contrary, if the redemption of the Debentures or the Underlying Shares otherwise required under this Agreement or the Debentures Transaction Documents would be prohibited by the relevant provisions of the Delaware lawGeneral Corporation Law, such redemption shall be effected as soon as it is permitted under such law; provided, however, that interest payable by the Company with respect to any such redemption shall accrue in accordance with Section 4.19.
Appears in 1 contract
