Termination of Investment Obligation. The obligation of the Investor to purchase shares of Common Stock shall terminate permanently (including with respect to a Put Closing Date that has not yet occurred) in the event that (i) there shall occur any stop order or suspension of the effectiveness of the Registration Statement for a consecutive ten day calendar period or for an aggregate of thirty (30) Trading Days during the Commitment Period, for any reason, or (ii) the Company shall at any time fail to comply with the requirements of Section 5.2, 5.3, 5.4, 5.5 or 5.6.
Appears in 3 contracts
Samples: Common Stock Purchase Agreement (Earth Search Sciences Inc), Common Stock Purchase Agreement (Science Dynamics Corp), Common Stock Purchase Agreement (Struthers Inc/Sc)
Termination of Investment Obligation. The obligation of the Investor to purchase shares of Common Stock shall terminate permanently (including with respect to a Put Closing Date that has not yet occurred) in the event that (i) there shall occur any stop order or suspension of the effectiveness of the Registration Statement for a consecutive ten day calendar period or for an aggregate of thirty (30) Trading Days during the Commitment Period, for any reason, or (ii) the Company shall at any time fail to comply with the requirements of Section 5.26.2, 5.36.3, 5.46.4, 5.5 6.5 or 5.66.6.
Appears in 2 contracts
Samples: Private Equity Line of Credit Agreement (Wealthhound Com Inc), Private Equity Line of Credit Agreement (Vianet Technologies Inc)
Termination of Investment Obligation. The obligation of the ------------------------------------ Investor to purchase shares of Common Stock shall terminate permanently (including with respect to a Put Closing Date that has not yet occurred) in the event that (i) there shall occur any stop order or suspension of the effectiveness of the Registration Statement for a consecutive ten day calendar period or for an aggregate of thirty (30) Trading Days during the Commitment Period, for any reason, or (ii) the Company shall at any time fail to comply with the requirements of Section 5.2, 5.3, 5.4, 5.5 or 5.6.
Appears in 2 contracts
Samples: Common Stock Purchase Agreement (Econnect), Common Stock Purchase Agreement (Econnect)
Termination of Investment Obligation. The obligation of the Investor to purchase shares of Common Stock shall terminate permanently (including with respect to a Put Closing Date that has not yet occurred) in the event that (i) there shall occur any stop order or suspension of the effectiveness of the Registration Statement for a consecutive ten day calendar period or for an aggregate of thirty (30) Trading Days during the Commitment Period, for any reason, or (ii) the Company shall at any time fail to comply with the requirements of Section 5.26.2, 5.36.3, 5.46.4, 5.5 6.5 or 5.66.
Appears in 2 contracts
Samples: Private Equity Line of Credit Agreement (Commercial Concepts Inc), Private Equity Line of Credit Agreement (Commercial Concepts Inc)
Termination of Investment Obligation. The obligation of the ------------------------------------ Investor to purchase shares of Common Stock shall terminate permanently (including with respect to a Put Closing Date that has not yet occurred) in the event that (i) there shall occur any stop order or suspension of the effectiveness of the Registration Statement for a consecutive ten day calendar period or for an aggregate of thirty (30) Trading Days during the Commitment Period, for any reason, or (ii) the Company shall at any time fail to comply with the requirements of Section 5.2, 5.3, 5.4, 5.5 or 5.6.or
Appears in 1 contract
Samples: Private Equity Line of Credit Agreement (Ashton Technology Group Inc)
Termination of Investment Obligation. The obligation of the Investor to purchase shares of Common Stock shall terminate permanently (including with respect to a Put Closing Date that has not yet occurred) in the event that (i) there shall occur any stop order or suspension of the effectiveness of the Registration Statement for a consecutive ten day calendar period or for an aggregate of thirty (30) Trading Days during the Commitment Period, for any reason, reason other than deferrals or (ii) the Company shall at any time fail to comply with the requirements of Section 5.2, 5.3, 5.4, 5.5 or 5.6.suspensions in accordance
Appears in 1 contract
Samples: Private Equity Line of Credit Agreement (Focus Enhancements Inc)
Termination of Investment Obligation. The obligation of the Investor to purchase shares of Common Stock shall terminate permanently (including with respect to a Put Closing Date that has not yet occurred) in the event that (i) there shall occur any stop order or suspension of the effectiveness of the Registration Statement for a twenty (20) consecutive ten day calendar period Trading Days or for an aggregate of thirty sixty (3060) Trading Days during the Commitment Period, for any reason, or (ii) the Company shall at any time fail to comply with the requirements of Section 5.2, 5.3, 5.4, 5.5 5.4 or 5.65.5.
Appears in 1 contract
Samples: Equity Line of Credit Agreement (Homeseekers Com Inc)
Termination of Investment Obligation. The obligation of the Investor to purchase shares of Common Stock shall terminate permanently (including with respect to a Put Closing Date that has not yet occurred) in the event that (i) there shall occur any stop order or suspension of the effectiveness of the Registration Statement for a consecutive ten day calendar period or for an aggregate of thirty (30) Trading Days during the Commitment Period, for any reason, or (ii) the Company shall at any time fail to comply with the requirements of Section 5.26.2, 5.36.3, 5.46.4, 5.5 6.5 or 5.66.6.
Appears in 1 contract
Samples: Private Equity Line of Credit Agreement (Imaging Technologies Corp/Ca)
Termination of Investment Obligation. The obligation of the ------------------------------------ Investor to purchase shares of Common Stock shall terminate permanently (including with respect to a Put Closing Date that has not yet occurred) in the event that (i) there shall occur any stop order or suspension of the effectiveness of the Registration Statement for a consecutive ten day calendar period or for an aggregate of thirty (30) Trading Days during the Commitment Period, for any reason, or (ii) the Company shall at any time fail to comply with the requirements of Section 5.26.2, 5.36.3, 5.46.4, 5.5 6.5 or 5.66.6.
Appears in 1 contract
Samples: Private Equity Line of Credit Agreement (Advanced Aerodynamics & Structures Inc/)
Termination of Investment Obligation. The obligation of the Investor to purchase shares of Common Stock shall terminate permanently (including with respect to a Put Closing Date that has been scheduled but has not yet occurred) in the event that (ia) there shall occur any stop order or suspension of the effectiveness of the any Registration Statement for a consecutive ten day calendar period or for an aggregate of thirty (30) Trading Days during the Commitment Period, for any reason, Period or (iib) the Company shall at any time fail to comply with the requirements of Section 5.26.3, 5.36.4, 5.4, 5.5 or 5.6.or
Appears in 1 contract
Samples: Private Equity Subscription Agreement (5 G Wireless Communications Inc)
Termination of Investment Obligation. The obligation of the Investor pursuant to this Agreement to purchase shares of Common Stock shall shall, at Investor's option, terminate permanently (including with respect to a Put Closing Date that has not yet occurred) in the event that (i) there shall occur any stop order or suspension of the effectiveness of the Registration Statement for a consecutive ten day calendar period or for an aggregate of thirty (30) Trading Days during the Commitment Period, for any reason, or (ii) the Company shall at any time fail to comply with the requirements of Section 5.2, 5.3, 5.4, 5.5 6.3 or 5.66.5 and such failure shall continue for more than thirty (30) days.
Appears in 1 contract
Samples: Private Equity Credit Agreement (Execute Sports Inc)
Termination of Investment Obligation. The obligation of the Investor to purchase shares of Common Stock shall terminate permanently (including with respect to a Put Closing Date that has not yet occurred) in the event that (i) there shall occur any stop order or suspension of the effectiveness of the Registration Statement for a consecutive ten day calendar period or for an aggregate of thirty (30) Trading Days during the Commitment Period, for any reasonreason other than deferrals or suspension in accordance with Section 1.1(f) of the Registration Rights Agreement, or (ii) as a result of corporate developments subsequent to the Company shall at any time fail to comply with the requirements of Section 5.2, 5.3, 5.4, 5.5 or 5.6.Subscription Date that
Appears in 1 contract
Samples: Private Equity Line of Credit Agreement (Compressent Corp)
Termination of Investment Obligation. The obligation of the Investor to purchase shares of Common Stock shall terminate permanently (including with respect to a Put Closing Date that has not yet occurred) in the event that (i) there shall occur any stop order or suspension of the effectiveness of the any Registration Statement for a consecutive ten day calendar period or for an aggregate of thirty (30) Trading Days during the Commitment Period, for any reason, reason other than deferrals or (ii) the Company shall at any time fail to comply suspension during a Blackout Period in accordance with the requirements of Section 5.2Registration Rights Agreement, 5.3, 5.4, 5.5 or 5.6.as a result of
Appears in 1 contract
Samples: Private Equity Line of Credit Agreement (Neotherapeutics Inc)
