Common use of Right to Issue Securities Clause in Contracts

Right to Issue Securities. After expiration of the Refusal Period, if the provisions of this Section 4(i) have been complied with in all respects by the Company and no Exercise Notice has been given, or if given, the Buyers have not agreed to purchase all of the securities set forth in the Issuance Notice, the Company shall have the right for forty-five (45) calendar days following the termination of the Refusal Period to issue such securities, or any portion thereof not being purchased by the Buyers, as the case may be, specified in the Issuance Notice on the terms described in the Issuance Notice without further notice to the Buyers, but after such forty-five (45) calendar days, no such issuance may be made without again giving notice to the Buyers and complying with all of the requirements of this Section 4(i).

Appears in 4 contracts

Samples: Securities Purchase Agreement (Damark International Inc), Securities Purchase Agreement (NTN Communications Inc), Securities Purchase Agreement (Damark International Inc)

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Right to Issue Securities. After expiration of the Refusal Period, if the provisions of this Section 4(i) have been complied with in all respects by the Company and no Exercise Notice has been given, or if given, the Buyers have not agreed to purchase all of the securities set forth in the Issuance Notice, the Company shall have the right for forty-five (45) calendar days following the termination of the Refusal Period to issue such securities, or any portion thereof not being purchased by the Buyers, as the case may be, specified in the Issuance Notice on the terms described in the Issuance Notice without further notice to the Buyers, but after such forty-five (45) calendar days, no such issuance may be made without again giving notice to the Buyers and complying with all of the requirements of this Section 4(i).

Appears in 3 contracts

Samples: Securities Purchase Agreement (Applied Digital Solutions Inc), Securities Purchase Agreement (Cardiodynamics International Corp), Securities Purchase Agreement (Softnet Systems Inc)

Right to Issue Securities. After expiration of the Refusal Period, if the provisions of this Section 4(i4(h) have been complied with in all respects by the Company and no Exercise Notice has been given, or if given, the Buyers have not agreed to purchase all of the securities set forth in the Issuance Notice, the Company shall have the right for forty-five (45) calendar days following the termination of the Refusal Period to issue such securities, or any portion thereof not being purchased by the Buyers, as the case may be, specified in the Issuance Notice on the terms described in the Issuance Notice without further notice to the Buyers, but after such forty-five (45) calendar days, no such issuance may be made without again giving notice to the Buyers and complying with all of the requirements of this Section 4(i4(h).

Appears in 2 contracts

Samples: Securities Purchase Agreement (Capita Research Group Inc), Securities Purchase Agreement (Capita Research Group Inc)

Right to Issue Securities. After expiration of ------------------------- the Refusal Period, if the provisions of this Section 4(i4(g) have been complied with in all respects by the Company and no Exercise Notice has been given, or if given, the Buyers have not agreed to purchase all of the securities set forth in the Issuance Notice, the Company shall have the right for forty-five (45) calendar days following the termination of the Refusal Period to issue such securities, or any portion thereof not being purchased by the Buyers, as the case may be, specified in the Issuance Notice on the terms described in the Issuance Notice without further notice to the Buyers, but after such forty-five (45) calendar days, no such issuance may be made without again giving notice to the Buyers and complying with all of the requirements of this Section 4(i4(g).

Appears in 1 contract

Samples: Securities Purchase Agreement (Lasersight Inc /De)

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Right to Issue Securities. After expiration of the Refusal Period, if the provisions of this Section 4(i) have been complied with in all respects by the Company and no Exercise Notice has been given, or if given, the Buyers have not agreed to purchase all of the securities set forth in the Issuance Notice, the Company shall have the right for forty-five sixty (4560) calendar days following the termination of the Refusal Period to issue such securities, or any portion thereof not being purchased by the Buyers, as the case may be, specified in the Issuance Notice on the terms described in the Issuance Notice without further notice to the Buyers, but after such forty-five sixty (4560) calendar days, no such issuance may be made without again giving notice to the Buyers and complying with all of the requirements of this Section 4(i).

Appears in 1 contract

Samples: Securities Purchase Agreement (Datatec Systems Inc)

Right to Issue Securities. After expiration of the ------------------------- Refusal Period, if the provisions of this Section 4(i) have been complied with in all respects by the Company and no Exercise Notice has been given, or if given, the Buyers have not agreed to purchase all of the securities set forth in the Issuance Notice, the Company shall have the right for forty-five ninety (4590) calendar days following the termination of the Refusal Period to issue such securities, or any portion thereof not being purchased by the Buyers, as the case may be, specified in the Issuance Notice on the terms described in the Issuance Notice without further notice to the Buyers, but after such forty-five ninety (4590) calendar days, no such issuance may be made without again giving notice to the Buyers and complying with all of the requirements of this Section 4(i).

Appears in 1 contract

Samples: Securities Purchase Agreement (Organogenesis Inc)

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