PRIORITY IN FILING. The Company covenants that beginning on the Closing Date and ending on the date that is one hundred and eighty (180) days after the Registration Statement filed pursuant to Section 2(a) of this Agreement becomes effective (provided that if, after the effective date of such Registration Statement, the Purchaser shall be unable to sell Registrable Securities pursuant to such Registration Statement for any number of days, the provisions of this Section 2(e) shall apply for an additional number of days equal to the number of days during which any Purchaser is unable to sell Registrable Securities pursuant to such Registration Statement), the Company will not file any Registration Statement, other than a Registration Statement required by Section 2(a) hereof, without the written consent of the Purchaser.
PRIORITY IN FILING. The Company covenants that beginning on the Initial Closing Date and ending on the date that is one hundred and eighty (180) days after the Registration Statement filed pursuant to Section 2(a) of this Agreement becomes effective (PROVIDED that if, after the effective date of such Registration Statement, the Purchaser shall be unable to sell Registrable Securities pursuant to such Registration Statement for any number of days, the provisions of this Section 2(e) shall apply for an additional number of days equal to the number of days during which any Purchaser is unable to sell Registrable Securities pursuant to such Registration Statement), the Company will not file any Registration Statement, other than a Registration Statement required by Section 2(a) hereof, without the written consent of the Purchaser.
PRIORITY IN FILING. Subject to the terms of the Securities Purchase Agreement, from the date hereof until 180 days following the effective date of the Registration Statement pursuant to Section 2(a) of this Agreement, the Company shall not permit the registration of any of its securities under the Securities Act to become effective, other than those covered by this Agreement and that certain Registration Rights Agreement dated as of November 9, 1999 between Globe United Holdings, Inc. and the Company, without the prior written approval of the Purchaser. The foregoing notwithstanding, the Company may permit a registration statement to become effective during the foregoing period provided that such registration statement relates to a firm commitment underwritten offering of the Company's securities that provides the Company with at least $7.5 million.
PRIORITY IN FILING. The Company covenants that beginning on the Closing Date and until such time as a Registration Statement pursuant to Section 2(a) of this agreement has been filed and become effective, the Company will not file any other registration statement without the written consent of the Purchasers or their representative.
PRIORITY IN FILING. The Company covenants that beginning on the Closing Date and ending on the later of (i) a date that is one hundred and eighty (180) days after the Registration Statement filed pursuant to Section 2(a) of this Agreement becomes effective ( PROVIDED that if, after the effective date of such Registration Statement, the Purchaser shall be unable to sell Registrable Securities pursuant to such Registration Statement for any number of days for any reasons other than as a result of any action or inaction on the part of Purchaser, the provisions of this Section 2(e) shall apply for an additional number of days equal to the number of days during which the Purchaser is unable to sell Registrable Securities pursuant to such Registration Statement) and (ii) the earlier of (x) a date that is one hundred and eighty (180) days following the date the Special Warrant is exercised or (y) the expiration date of the Special Warrant, the Company will not cause any Registration Statement (other than a Registration Statement required by Section 2(a) hereof and registration statements on Form S-8 covering the sale of not more than an aggregate of 500,000 shares of Common Stock to officers, directors, employees and consultants of the Company) to be declared effective by the Commission, without the written consent of the Purchaser.
PRIORITY IN FILING. Subject to the terms of the Securities Purchase Agreement, from the date hereof until 180 days following the effective date of the Registration Statement pursuant to Section 2(a) of this Agreement, the Company shall not permit the registration of any of its securities under the Securities Act to become effective, other than those covered by this Agreement and those described in Schedule 3b of the Securities Purchase Agreement, without the prior written approval of the Purchaser. The foregoing notwithstanding, the Company may permit a registration statement to become effective during the foregoing period provided that such registration statement relates to a firm commitment underwritten offering of the Company's securities that provides the Company with at least $7.5 million.
PRIORITY IN FILING. Subject to the terms of the Securities Purchase Agreement, from the date hereof until 180 days following the effective date of the Registration Statement pursuant to Section 2(a) of this Agreement, the Company shall not permit the registration of any of its securities under the Securities Act to become effective, other than those covered by this Agreement, without the prior written approval of the Purchaser. The foregoing notwithstanding, the Company may permit a registration statement to become effective during the foregoing period provided that such registration statement relates to a firm commitment underwritten offering of the Company's securities that provides the Company with at least $7.5 million.
PRIORITY IN FILING. The Company covenants that beginning on the Closing Date and until the later to occur at (i) such time as a Registration Statement pursuant to Section 2(b) of this agreement has been filed and shall have remained effective for a period of at least 180 days or (ii) the end of the Lock-Up Period, the Company will not file any other registration statement without the written consent of the Purchasers holding a majority of the shares of Common Stock purchased on the Closing Date or their representative.
PRIORITY IN FILING. From the date hereof until one hundred eighty (180) days following the effective date of the Initial Registration Statement pursuant to Section 2(a) of this Agreement, the Company shall not permit the registration of any of its securities under the Securities Act to become effective, other than those covered by this Agreement, without the prior written approval of the Purchaser. The foregoing notwithstanding, the Company may permit a registration statement to be filed or to become effective during the foregoing period provided that (i) such registration statement relates to a bona fide, firm commitment, underwritten public offering of the Company's securities that provides the Company with at least seven million dollars ($7,000,000) (it being acknowledged and agreed that equity line transactions, including, without limitation, ongoing warrant financing or any similar arrangements, shall not constitute a bona fide, firm commitment, underwritten public offering for purposes hereof), (ii) a Registration Statement on Form S-8 with respect to employee options (provided that such registration statement is for less than 512,500 shares of Common Stock), (iii) a Registration Statement on Form S-1 with respect to the public warrants identified on Schedule 3(b) attached to the Securities Purchase Agreement (provided that such registration statement is for less than 1,562,500 shares of Common Stock) or (iv) a Registration Statement on Form S-3 with respect to a sale by selling shareholders of shares of Common Stock (provided that such registration statement is for less than 306,000 shares of Common Stock).
PRIORITY IN FILING. From the date hereof until one hundred eighty (180) days following the effective date of the Registration Statement pursuant to Section 2(a) of this Agreement, provided, however, that such one hundred eighty day period shall be extended by the number of days after the effective date of such Registration Statement when the Purchaser is not permitted to utilize the prospectus or otherwise to resell Registrable Securities, the Company shall not permit the registration of any of its securities under the Securities Act to be filed or to become effective, other than those covered by this Agreement, without the prior written approval of the Purchaser.
