Common use of Termination of Investment Clause in Contracts

Termination of Investment. (a) The obligation of the Investor to make an Advance to Forefront pursuant to this Agreement shall terminate permanently, including with respect to an Advance 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 an aggregate of thirty (30) Trading Days, other than due to the acts of the Investor or the Placement Agent, during the Commitment Period,(ii) Forefront shall at any time fail materially to comply with the requirements of Section 6.3, 6.4 or 6.7,; provided, however, that this termination provision --------- ------- shall not apply to any period commencing upon the filing of a post-effective amendment to such Registration Statement and ending upon the date on which such post effective amendment is declared effective by the SEC.

Appears in 2 contracts

Samples: Equity Line of Credit Agreement (Forefront Inc), Credit Agreement (Forefront Inc)

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Termination of Investment. (a) The obligation of the Investor to make an Advance to Forefront the Company pursuant to this Agreement shall terminate permanently, permanently (including with respect to an Advance Date that has not yet occurred occurred) in the event that (i) there shall occur any stop order or suspension of the effectiveness of the Registration Statement for an aggregate of thirty (30) Trading Days, other than due to the acts of the Investor or the Placement Agent, during the Commitment Period,(ii) Forefront the Company shall at any time fail materially to comply with the requirements of Section 6.3, 6.4 or 6.7,; provided, however, that this termination provision --------- ------- shall not apply to any period commencing upon the filing of a post-effective amendment to such Registration Statement and ending upon the date on which such post effective amendment is declared effective by the SEC.

Appears in 2 contracts

Samples: Credit Agreement (Forefront Inc), Credit Agreement (Forefront Inc)

Termination of Investment. (a) The obligation of the Investor to make an Advance to Forefront the Company pursuant to this Agreement shall terminate permanently, permanently (including with respect to an Advance Date that has not yet occurred in the event that occurred) if (i) there shall occur any stop order or suspension of the effectiveness of the Registration Statement for an aggregate of thirty (30) Trading Days, other than due to the acts of the Investor or the Placement Agent, during the Commitment Period,(iiPeriod or (ii) Forefront the Company shall at any time fail materially to comply with the requirements of Section 6.3, 6.4 or 6.7,; provided, however, that this termination provision --------- ------- shall not apply to any period commencing upon the filing of a post-effective amendment to such Registration Statement and ending upon the date on which such post effective amendment is declared effective by the SEC.

Appears in 1 contract

Samples: Equity Line of Credit Agreement (Pacel Corp)

Termination of Investment. (a) The obligation of the Investor to make an Advance to Forefront the Company pursuant to this Agreement shall terminate permanently, permanently (including with respect to an Advance Date that has not yet occurred occurred) in the event that (i) there shall occur any stop order or suspension of the effectiveness of the Registration Statement for an aggregate of thirty fifty (3050) Trading Days, other than due to the acts of the Investor or the Placement Agent, during the Commitment Period,(iiPeriod, or (ii) Forefront the Company shall at any time fail materially to comply with the requirements of Section 6.3, 6.4 or 6.7,; providedPROVIDED, howeverHOWEVER, that this termination provision --------- ------- shall not apply to any period commencing upon the filing of a post-effective amendment to such Registration Statement and ending upon the date on which such post effective amendment is declared effective by the SEC.

Appears in 1 contract

Samples: Credit Agreement (European Micro Holdings Inc)

Termination of Investment. (a) The obligation of the Investor Investors to make an Advance to Forefront the Company pursuant to this Agreement shall terminate permanently, permanently (including with respect to an Advance Date that has not yet occurred occurred) in the event that (i) there shall occur any stop order or suspension of the effectiveness of the Registration Statement for an aggregate of thirty (30) Trading Days, other than due to the acts of the Investor or the Placement AgentInvestors, during the Commitment Period,(iiPeriod, or (ii) Forefront the Company shall at any time fail materially to comply with the requirements of Section 6.36.2, 6.4 6.3 or 6.7,6.8; provided, however, that this termination provision --------- ------- shall not apply to any period commencing upon the filing of a post-effective amendment to such Registration Statement and ending upon the date on which such post effective amendment is declared effective by the SEC.

Appears in 1 contract

Samples: Credit Agreement (Blagman Media International Inc)

Termination of Investment. (a) The obligation of the Investor Investors to make an Advance to Forefront the Company pursuant to this Agreement shall terminate permanently, permanently (including with respect to an Advance Date that has not yet occurred in the event that occurred) if (i) there shall occur any stop order or suspension of the effectiveness of the Registration Statement for an aggregate of thirty (30) Trading Days, other than due to the acts of the Investor Investors or the Placement Agent, during the Commitment Period,(iiPeriod or (ii) Forefront the Company shall at any time fail materially to comply with the requirements of Section 6.3, 6.4 or 6.7,; provided, however, that this termination provision --------- ------- shall not apply to any period commencing upon the filing of a post-effective amendment to such Registration Statement and ending upon the date on which such post effective amendment is declared effective by the SEC.

Appears in 1 contract

Samples: Credit Agreement (Flexxtech Corp)

Termination of Investment. (a) The obligation of the Investor Investors to --------------------------- make an Advance to Forefront the Company pursuant to this Agreement shall terminate permanently, permanently (including with respect to an Advance Date that has not yet occurred occurred) in the event that (i) there shall occur any stop order or suspension of the effectiveness of the Registration Statement for an aggregate of thirty (30) Trading Days, other than due to the acts of the Investor or the Placement AgentInvestors, during the Commitment Period,(iiPeriod, or (ii) Forefront the Company shall at any time fail materially to comply with the requirements of Section 6.36.2, 6.4 6.3 or 6.7,6.8; provided, however, that this termination provision --------- ------- shall not apply to any period ------- commencing upon the filing of a post-effective amendment to such Registration Statement and ending upon the date on which such post effective amendment is declared effective by the SEC.

Appears in 1 contract

Samples: Credit Agreement (Medix Resources Inc)

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Termination of Investment. (a) The obligation of the Investor to make an Advance to Forefront the Company pursuant to this Agreement shall terminate permanently, permanently (including with respect to an Advance Date that has not yet occurred occurred) in the event that (i) there shall occur any stop order or suspension of the effectiveness of the Registration Statement for an aggregate of thirty (30) Trading Days, other than due to the acts of the Investor or the Placement Agent, during the Commitment Period,(iiPeriod, or (ii) Forefront the Company shall at any time fail materially to comply with the requirements of Section 6.3, 6.4 or 6.7,; providedPROVIDED, howeverHOWEVER, that this termination provision --------- ------- shall not apply to any period commencing upon the filing of a post-effective amendment to such Registration Statement and ending upon the date on which such post effective amendment is declared effective by the SEC.

Appears in 1 contract

Samples: Equity Line of Credit Agreement (Busybox Com Inc)

Termination of Investment. (a) The obligation of the Investor to make an Advance to Forefront the Company pursuant to this Agreement shall terminate permanently, permanently (including with respect to an Advance Date that has not yet occurred occurred) in the event that (i) there shall occur any stop order or suspension of the effectiveness of the Registration Statement for an aggregate of thirty (30) Trading Days, other than due to the acts of the Investor or the Placement Agent, during the Commitment Period,(iiPeriod, or (ii) Forefront the Company shall at any time fail materially to comply with the requirements of Section 6.3, 6.4 or 6.7,; provided, however, that this termination provision --------- ------- shall not apply to any period commencing upon the filing of a post-effective amendment to such Registration Statement and ending upon the date on which such post effective amendment is declared effective by the SEC.

Appears in 1 contract

Samples: Employment Agreement (Return Assured Inc)

Termination of Investment. (a) The obligation of the Investor to make an Advance to Forefront the Company pursuant to this Agreement shall terminate permanently, permanently (including with respect to an Advance Date that has not yet occurred occurred) in the event that (i) there shall occur any stop order or suspension of the effectiveness of the Registration Statement for an aggregate of thirty six (3036) Trading Days, other than due to the acts of the Investor or the Placement Agent, during the Commitment Period,(iiPeriod, or (ii) Forefront the Company shall at any time fail materially to comply with the requirements of Section 6.3, 6.4 or 6.7,; provided, however, that this termination provision --------- ------- shall not apply to any period commencing upon the filing of a post-effective amendment to such Registration Statement and ending upon the date on which such post effective amendment is declared effective by the SEC.

Appears in 1 contract

Samples: Credit Agreement (Condor Capital Inc)

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