Common use of Payment Set Aside Clause in Contracts

Payment Set Aside. To the extent that the Company makes a payment ----------------- or payments to the Investor hereunder or pursuant to the Amended and Restated Registration Rights Agreement or any of the Certificates of Designations or the Investor enforces or exercises its rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, a trustee, receiver or any other Person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 1 contract

Samples: Redemption and Exchange Agreement (Microstrategy Inc)

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Payment Set Aside. To the extent that the Company or any Guarantor makes a payment ----------------- or payments to the Investor Buyer hereunder or pursuant to the Amended and Restated Registration Rights Agreement or any of the Certificates of Designations other Transaction Documents or the Investor enforces Buyer enforce or exercises its exercise their rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, any Guarantor, a trustee, receiver or any other Person under any law (including, without limitation, any bankruptcy law, foreign, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 1 contract

Samples: Purchase Agreement Purchase Agreement (Kv Pharmaceutical Co /De/)

Payment Set Aside. To the extent that the Company Corporation or EPOD, as applicable, makes a payment ----------------- or payments to the Investor hereunder or any Purchaser pursuant to the Amended and Restated Registration Rights Agreement any Transaction Document or any of the Certificates of Designations or the Investor a Purchaser enforces or exercises its rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the CompanyCorporation or EPOD, a trusteeas applicable, or any trustee or receiver of either of them or any other Person person under any law (including, without limitation, any bankruptcy law, state state, provincial or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 1 contract

Samples: Securities Purchase Agreement (Allora Minerals, Inc.)

Payment Set Aside. To the extent that the Company or any Subsidiary Guarantor makes a payment ----------------- or payments to the Investor hereunder or any Purchaser pursuant to the Amended and Restated Registration Rights Agreement any Transaction Document or any of the Certificates of Designations or the Investor a Purchaser enforces or exercises its rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the CompanyCompany or any such Subsidiary Guarantor, a trustee, receiver or any other Person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 1 contract

Samples: Securities Purchase Agreement (NewAge, Inc.)

Payment Set Aside. To the extent that the Company makes a payment ----------------- or payments to the Investor any Buyer hereunder or pursuant to the Amended and Restated Registration Rights Agreement or any of Agreement, the Certificates Statement of Designations or the Investor Warrants or such Buyer enforces or exercises its rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, Company or to a trustee, receiver or any other Person person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then then, to the extent of any such restoration restoration, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.. * * * * * *

Appears in 1 contract

Samples: Securities Purchase Agreement (Entrade Inc)

Payment Set Aside. To the extent that the Company or either Guarantor makes a payment ----------------- or payments to the Investor Buyers hereunder or pursuant to the Amended and Restated Registration Rights Agreement or any of the Certificates of Designations other Transaction Documents or the Investor enforces Buyers enforce or exercises its exercise their rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, any Guarantor, a trustee, receiver or any other Person under any law (including, without limitation, any bankruptcy law, foreign, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 1 contract

Samples: Securities Purchase Agreement (Liberator Medical Holdings, Inc.)

Payment Set Aside. To the extent that the Company makes a payment ----------------- or payments to the Investor hereunder or pursuant to the Amended and Restated Registration Rights Agreement or any of the Certificates Series B Certificate of Designations or the Investor enforces or exercises its rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, a trustee, receiver or any other Person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 1 contract

Samples: Redemption and Exchange Agreement (Microstrategy Inc)

Payment Set Aside. To the extent that the Company makes a payment ----------------- or payments to the Investor any Buyer hereunder or pursuant to the Amended and Restated Registration Rights Agreement or any Agreement, the Certificate of the Certificates of Designations Amendment or the Investor Warrants or such Buyer enforces or exercises its rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, a trustee, receiver or any other Person person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.. * * * * * *

Appears in 1 contract

Samples: Securities Purchase Agreement (Cyber Digital Inc)

Payment Set Aside. To the extent that the Company makes a payment ----------------- or payments to the Investor hereunder or pursuant to the Amended and Restated Registration Rights Agreement or any of the Certificates Subsidiaries makes a payment or payments to any Buyer hereunder or under any of Designations the other Transaction Documents or the Investor any Buyer enforces or exercises its rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the CompanyCompany or such Subsidiary, by a trustee, receiver or any other Person under any law (including, without limitation, including any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 1 contract

Samples: Securities Purchase Agreement (Stereotaxis, Inc.)

Payment Set Aside. To the extent that the Company or its Subsidiaries or Mount Tam makes a payment ----------------- or payments to the Investor hereunder or any Purchasers pursuant to the Amended and Restated Registration Rights Agreement any Transaction Document or any of the Certificates of Designations or the Investor a Purchasers enforces or exercises its rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, such Subsidiary, or Mount Tam a trustee, receiver or any other Person person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 1 contract

Samples: Securities Purchase Agreement (Mount TAM Biotechnologies, Inc.)

Payment Set Aside. To the extent that the Company or any Guarantor makes a payment ----------------- or payments to the Investor any Purchaser hereunder or pursuant to the Amended and Restated Registration Rights Agreement or any of the Certificates of Designations other Transaction Documents, or the Investor enforces Purchasers enforce or exercises its exercise their rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, a Guarantor a trustee, receiver or any other Person person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 1 contract

Samples: Note Purchase Agreement

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Payment Set Aside. To the extent that the Company makes a payment ----------------- or payments to the Investor any Buyer hereunder or pursuant to the Amended and Restated Registration Rights Agreement or any Agreement, the Articles of the Certificates of Designations Amendment or the Investor Warrants or such Buyer enforces or exercises its rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, a trustee, receiver or any other Person person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 1 contract

Samples: Securities Purchase Agreement (Wavo Corp)

Payment Set Aside. To the extent that the Company makes a payment ----------------- or payments to the Investor any Purchaser hereunder or pursuant to the Amended and Restated Registration Rights Agreement Notes, the Warrants or the Additional Warrants or any of the Certificates of Designations or the Investor Purchaser enforces or exercises its rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, Company by a trustee, receiver or any other Person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 1 contract

Samples: Securities Purchase Agreement (Biophan Technologies Inc)

Payment Set Aside. To the extent that the Company makes a payment ----------------- or payments to the any Investor hereunder or pursuant to the Amended and Restated Registration Rights Agreement or any of the Certificates of Designations or the Investor enforces Investors enforce or exercises its exercise their rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, a trustee, receiver or any other Person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 1 contract

Samples: Redemption and Exchange Agreement (Microstrategy Inc)

Payment Set Aside. To the extent that the Company or the Guarantor makes a payment ----------------- or payments to the Investor Buyers hereunder or pursuant to the Amended and Restated Registration Rights Agreement or any of the Certificates of Designations other Transaction Documents or the Investor enforces Buyers enforce or exercises its exercise their rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, the Guarantor, a trustee, receiver or any other Person under any law (including, without limitation, any bankruptcy law, foreign, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 1 contract

Samples: Securities Purchase Agreement (Liberator Medical Holdings, Inc.)

Payment Set Aside. To the extent that the Company makes a payment ----------------- or payments to the Investor any Purchaser hereunder or pursuant to the Amended and Restated Registration Rights Agreement or any of Agreement, the Certificates of Designations Convertible Notes or the Investor enforces Warrants, or exercises its the Purchasers enforce or exercise their rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, a trustee, receiver or any other Person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 1 contract

Samples: Registration Rights Agreement (Britesmile Inc)

Payment Set Aside. To the extent that the Company makes a payment ----------------- or payments to the Investor any Buyer hereunder or pursuant to the Amended and Restated Registration Rights Agreement or any of Agreement, the Certificates Certificate of Designations or the Investor Warrants or such Buyer enforces or exercises its rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, Company or to a trustee, receiver or any other Person person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then then, to the extent of any such restoration restoration, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.. * * * * * *

Appears in 1 contract

Samples: Securities Purchase Agreement (Auspex Systems Inc)

Payment Set Aside. To the extent that the Operating Partnership or the Company makes a payment ----------------- or payments to the Investor Lender hereunder or pursuant to the Amended and Restated Registration Rights Agreement or under any of the Certificates of Designations Note, or the Investor Lender enforces its rights or exercises its rights right of setoff hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise setoff or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, the Operating Partnership, a trustee, receiver or any other Person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

Appears in 1 contract

Samples: Execution Copy Securities Purchase and Exchange Agreement (Prime Group Realty Trust)

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