Common use of OBLIGATIONS OF THE WARRANT HOLDERS Clause in Contracts

OBLIGATIONS OF THE WARRANT HOLDERS. Each Warrant Holder agrees that, upon receipt of any notice from the Company of the happening of any event of the kind described in Section 3(f) or the first sentence of 3(e), such Warrant Holder will immediately discontinue disposition of Registrable Securities pursuant to any Registration Statement(s) covering such Registrable Securities until such Warrant Holder's receipt of the copies of the supplemented or amended prospectus contemplated by Section 3(e) or receipt of notice that no supplement or amendment is required. Notwithstanding anything to the contrary, the Company shall cause its transfer agent to deliver unlegended certificates for shares of Common Stock to a transferee of an Warrant Holder in accordance with the terms of the Placement Agreement in connection with any sale of Registrable Securities with respect to which an Warrant Holder has entered into a contract for sale prior to the Warrant Holder's receipt of a notice from the Company of the happening of any event of the kind described in Section 3(f) or the first sentence of 3(e) and for which the Warrant Holder has not yet settled.

OBLIGATIONS OF THE WARRANT HOLDERS. Each Warrant Holder agrees that, upon receipt of any notice from the Company of the happening of any event of the kind described in Section 3(f) or the first sentence of 3(e), such Warrant Holder will immediately discontinue disposition of any Registrable Securities pursuant to any Registration Statement(s) covering such Registrable Securities until such Warrant Holder's receipt of the copies of the supplemented or amended prospectus contemplated by Section 3(e) or receipt of notice that no supplement or amendment is required. Notwithstanding anything to the contrary, the Company shall cause its transfer agent to deliver unlegended certificates for shares of Common Stock to a transferee of an Warrant Holder in accordance with the terms of the Placement Agreement in connection with any sale of Registrable Securities with respect to which an a Warrant Holder has entered into a contract for sale prior to the Warrant Holder's receipt of a notice from the Company of the happening of any event of the kind described in Section 3(f) or the first sentence of 3(e) and for which the Warrant Holder has not yet settled.

OBLIGATIONS OF THE WARRANT HOLDERS. Each Warrant Holder agrees that, upon receipt of any notice from the Company of the happening of any event of the kind described in Section 3(f) or the first sentence of 3(e), such Warrant Holder will immediately discontinue disposition of any Registrable Securities pursuant to any Registration Statement(s) covering such Registrable Securities until such Warrant Holder's receipt of the copies of the supplemented or amended prospectus contemplated by Section 3(e) or receipt of notice that no supplement or amendment is required. Notwithstanding anything to the contrary, the Company shall cause its transfer agent to deliver unlegended certificates for shares of Common Stock to a transferee of an a Warrant Holder in accordance with the terms of the Placement Agent Agreement in connection with any sale of Registrable Securities with respect to which an a Warrant Holder has entered into a contract for sale prior to the Warrant Holder's receipt of a notice from the Company of the happening of any event of the kind described in Section 3(f) or the first sentence of 3(e) and for which the Warrant Holder has not yet settled.