Pledge of Common Shares. Notwithstanding anything to the contrary contained in this Agreement, the Company acknowledges and agrees that the Common Shares may be pledged by a Buyer in connection with a bona fide margin agreement or other loan or financing arrangement that is secured by the Common Shares. The pledge of Common Shares shall not be deemed to be a transfer, sale or assignment of the Common Shares hereunder, and no Buyer effecting a pledge of Common Shares shall be required to provide the Company with any notice thereof or otherwise make any delivery to the Company pursuant to this Agreement or any other Transaction Document. The Company hereby agrees to execute and deliver such documentation as a pledgee of the Common Shares may reasonably request in connection with a pledge of the Common Shares to such pledgee by a Buyer.
Appears in 2 contracts
Samples: Securities Purchase Agreement (ONCOSEC MEDICAL Inc), Securities Purchase Agreement (Ampio Pharmaceuticals, Inc.)
Pledge of Common Shares. Notwithstanding anything to the contrary contained in this AgreementSection 2(g), the Company acknowledges and agrees that the Common Shares may be pledged by a Buyer in connection with a bona fide margin agreement or other bona fide loan or financing arrangement that is secured by the Common Shares. The pledge of Common Shares shall not be deemed to be a transfer, sale or assignment of the Common Shares hereunderhereunder except as may otherwise be required under applicable securities laws, and no Buyer effecting a pledge of Common Shares shall be required to provide the Company with any notice thereof or otherwise make any delivery to the Company pursuant to this Agreement or any other Transaction Document. The Company hereby agrees to execute and deliver such documentation as a pledgee of the Common Shares may reasonably request in connection with a pledge of the Common Shares to such pledgee by a Buyer.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Aradigm Corp), Securities Purchase Agreement (Aradigm Corp)
Pledge of Common Shares. Notwithstanding anything to the contrary contained in this Agreement, the The Company acknowledges and agrees that the Common Shares may be pledged by a Buyer any holder of Common Shares (an "Investor") in connection with a bona fide margin agreement or other loan or financing arrangement that is secured by the Common Shares. The pledge of Common Shares shall not be deemed to be a transfer, sale or assignment of the Common Shares hereunder, and no Buyer Investor effecting a pledge of Common Shares shall be required to provide the Company with any notice thereof or otherwise make any delivery to the Company pursuant to this Agreement or any other Transaction Document. The Company hereby agrees agrees, subject to applicable securities laws, to execute and deliver such documentation as a pledgee of the Common Shares Securities may reasonably request in connection with a pledge of the Common Shares to such pledgee by a Buyeran Investor.
Appears in 1 contract
Samples: Securities Purchase Agreement (India Globalization Capital, Inc.)
Pledge of Common Shares. Notwithstanding anything to the contrary contained in this Agreement, the Company acknowledges and agrees that the Common Shares may be pledged by a Buyer an Investor in connection with a bona fide margin agreement or other loan or financing arrangement that is secured by the Common Shares. The pledge of Common Shares shall not be deemed to be a transfer, sale or assignment of the Common Shares hereunder, and no Buyer Investor effecting a pledge of the Common Shares shall be required to provide the Company with any notice thereof or otherwise make any delivery to the Company pursuant to this Agreement or any other Transaction Document. The Company hereby agrees to execute and deliver such documentation as a pledgee of the Common Shares may reasonably request in connection with a pledge of the Common Shares to such pledgee by a Buyer.
Appears in 1 contract
Samples: Securities Purchase Agreement (Ampio Pharmaceuticals, Inc.)
Pledge of Common Shares. Notwithstanding anything to the contrary contained in this AgreementAgreement (but subject to any limitations imposed by applicable securities laws), the Company acknowledges and agrees that the Common Shares may be pledged by a Buyer in connection with a bona fide margin agreement or other loan or financing arrangement that is secured by the Common Shares. The pledge of Common Shares shall not be deemed to be a transfer, sale or assignment of the Common Shares hereunder, and no if Buyer effecting effects a pledge of Common Shares Shares, Buyer shall not be required to provide the Company with any notice thereof or otherwise make any delivery to the Company pursuant to this Agreement or any other Transaction Document. The Company hereby agrees to execute and deliver such documentation as a pledgee of the Common Shares may reasonably request in connection with a pledge of the Common Shares to such pledgee by a Buyer.
Appears in 1 contract
Pledge of Common Shares. Notwithstanding anything to the contrary contained in this Agreement, the The Company acknowledges and agrees that the Common Shares may be pledged by a Buyer an Investor (as defined in the Registration Rights Agreement) in connection with a bona fide margin agreement or other loan or financing arrangement that is secured by the Common Shares. The pledge of Common Shares shall not be deemed to be a transfer, sale or assignment of the Common Shares hereunder, and no Buyer Investor effecting a pledge of Common Shares shall be required to provide the Company with any notice thereof or otherwise make any delivery to the Company pursuant to this Agreement or any other Transaction Document. The Company hereby agrees to execute and deliver such documentation as a pledgee of the Common Shares may reasonably request in connection with a pledge of the Common Shares to such pledgee by a Buyeran Investor.
Appears in 1 contract
Samples: Securities Purchase Agreement (Cano Petroleum, Inc)