No Violation of Applicable Law. Notwithstanding any provision of this Agreement to the contrary, if the redemption of shares otherwise required under this Agreement or the Registration Rights Agreement 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 3.12.
Appears in 2 contracts
Samples: Convertible Preferred Stock Purchase Agreement (Compression Labs Inc), Convertible Preferred Stock Purchase Agreement (Infinity Investors LTD)
No Violation of Applicable Law. Notwithstanding any provision of this Agreement to the contrary, if the any redemption of shares Shares or Underlying Shares otherwise required under this Agreement or 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 that, interest payable by the Company with respect to any such redemption shall continue to accrue in accordance with Section 3.124.12 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 the redemption of shares Shares or Underlying Shares otherwise required under this Agreement or the Registration Rights Agreement 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 3.123.11.
Appears in 2 contracts
Samples: Convertible Preferred Stock Purchase Agreement (Xoma Corp /De/), Convertible Preferred Stock Purchase Agreement (Illinois Superconductor Corporation)
No Violation of Applicable Law. Notwithstanding any provision of this Agreement to the contrary, if the any redemption of shares Shares, Warrants, Underlying Shares or Warrant Shares otherwise required under this Agreement or the Registration Rights Agreement 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 that, interest payable by the Company with respect to any such redemption shall continue to accrue in accordance with Section 3.124.10 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 the redemption of shares Shares otherwise required under this Agreement or the Registration Rights Agreement 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 3.124.5.
Appears in 1 contract
Samples: Convertible Debenture and Convertible Preferred Stock Purchase Agreement (Tamboril Cigar Co)
