Common use of Restriction on Issuance of the Capital Stock Clause in Contracts

Restriction on Issuance of the Capital Stock. So long as any Redeemable Debentures are outstanding, the Company shall not, without the prior written consent of the Buyer(s), (i) issue or sell shares of Common Stock or Preferred Stock without consideration or for a consideration per share less than the bid price of the Common Stock determined immediately prior to its issuance except for issuances to Xxxxxxxxxx & Xxxxx, LLP, (ii) issue any Preferred Stock, warrant, option, right, contract, call, or other security instrument granting the holder thereof, the right to acquire Common Stock without consideration or for a consideration less than such Common Stock’s bid price value determined immediately prior to it’s issuance, (iii) enter into any security instrument granting the holder a security interest in any and all assets of the Company, or (iv) file any registration statement on Form S-8 other than on behalf of Xxxxxxxxxx & Xxxxx, LLP.

Restriction on Issuance of the Capital Stock. So long as any Redeemable Debentures are outstanding, the Company shall not, without the prior written consent of the Buyer(s), (i) issue or sell shares of Common Stock or Preferred Stock without consideration or for a consideration per share less than the bid price of the Common Stock determined immediately prior to its issuance except for issuances to Xxxxxxxxxx & Xxxxx, LLP, (ii) issue any Preferred Stockpreferred stock, warrant, option, right, contract, call, or other security instrument granting the holder thereof, the right to acquire Common Stock without consideration or for a consideration less than such Common Stock’s bid price value determined immediately prior to it’s issuance, (iii) enter into any security instrument granting the holder a security interest in any and all assets of the Company, or (iv) file any registration statement on Form S-8 other than on behalf of Xxxxxxxxxx & Xxxxx, LLP.

Restriction on Issuance of the Capital Stock. So long as any Redeemable Convertible Debentures are outstanding, the Company shall not, without the prior written consent of the Buyer(s), (i) issue or sell shares of Common Stock or Preferred Stock without consideration or for a consideration per share less than the bid price of the Common Stock Stock, as quoted by Bloomberg, LP (the "Bid Price"), determined immediately prior to its issuance except for issuances to Xxxxxxxxxx & Xxxxx, LLPissuance, (ii) issue any Preferred Stockpreferred stock, warrant, option, right, contract, call, or other security or instrument granting the holder thereof, thereof the right to acquire Common Stock without consideration or for a consideration less than such Common Stock’s bid price value 's Bid Price determined immediately prior to it’s 's issuance, (iii) enter into any security instrument granting the holder a security interest in any and all assets of the Company, or (iv) file any registration statement on Form S-8 other than on behalf of Xxxxxxxxxx & Xxxxx, LLP.,

Restriction on Issuance of the Capital Stock. So long as any Redeemable Convertible Debentures are outstanding, other than securities issued in connection with the Cornell Debentures, the Company shall not, without the prior written consent of the Buyer(s), (i) issue or sell shares of Common Stock or Preferred Stock without consideration or for a consideration per share less than the bid price Closing Bid Price of the Common Stock determined immediately prior to its issuance except for issuances to Xxxxxxxxxx & Xxxxx, LLPissuance, (ii) issue any Preferred Stock, warrant, option, right, contract, call, or other security instrument granting the holder thereof, the right to acquire Common Stock without consideration or for a consideration less than such Common Stock’s bid price 's Bid Price value determined immediately prior to it’s its issuance, (iii) enter into any security instrument granting the holder a security interest in any and all assets of the Company, or (iv) file any registration statement on Form S-8 other than on behalf of Xxxxxxxxxx & Xxxxx, LLPS-8.