No Violation of Applicable Law. Notwithstanding any provision of this Agreement to the contrary, if any redemption of Shares or Underlying Shares otherwise required under this Agreement, the Registration Rights Agreement or the Certificate of Designation would be prohibited by the relevant provisions of the Delaware General 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 continue to accrue in accordance with Section 4.12 during any such period.
Appears in 2 contracts
Samples: Convertible Preferred Stock Purchase Agreement (Wave Systems Corp), Convertible Preferred Stock Purchase Agreement (Wave Systems Corp)
No Violation of Applicable Law. Notwithstanding any provision of this Agreement to the contrary, if any the redemption of Shares or Underlying Shares otherwise required under this Agreement, Agreement or the Registration Rights Agreement or the Certificate of Designation would be prohibited by the relevant provisions of the Delaware General 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 4.12 during any such period3.11.
Appears in 2 contracts
Samples: Convertible Preferred Stock Purchase Agreement (Illinois Superconductor Corporation), Convertible Preferred Stock Purchase Agreement (Xoma Corp /De/)
No Violation of Applicable Law. Notwithstanding any provision of this ------------------------------ Agreement to the contrary, if any the redemption of Shares or Underlying Shares otherwise required under this Agreement, Agreement or the Registration Rights Agreement or the Certificate of Designation would be prohibited by the relevant provisions of the Delaware General 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 4.12 during any such period4.5.
Appears in 1 contract
Samples: Convertible Debenture and Convertible Preferred Stock Purchase Agreement (Tamboril Cigar Co)
No Violation of Applicable Law. Notwithstanding any provision of this Agreement to the contrary, if any redemption of Shares, Warrants, Underlying Shares or Underlying Warrant Shares otherwise required under this Agreement, the Registration Rights Agreement or the Certificate of Designation Transaction Documents would be prohibited by the relevant provisions of the Delaware General Corporation Law, such redemption shall be effected as soon as it is permitted under such law; providedPROVIDED, however, that, interest payable by the Company with respect to any such redemption shall continue to accrue in accordance with Section 4.12 4.10 during any such period.
Appears in 1 contract
Samples: Convertible Preferred Stock Purchase Agreement (National Registry Inc)
No Violation of Applicable Law. Notwithstanding any provision of this Agreement to the contrary, if any repurchase or redemption of Shares or Underlying Shares shares otherwise required under this Agreement, Agreement or the Registration Rights Agreement or the Certificate of Designation would be prohibited by the relevant provisions of the Delaware General Corporation Law, such repurchase or 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 or repurchase shall continue to accrue in accordance with Section 4.12 4.16 during any such period.
Appears in 1 contract
Samples: Convertible Preferred Stock Purchase Agreement (Network Imaging Corp)
