Common use of Termination of Investment Clause in Contracts

Termination of Investment. The obligation of the Investor to make an Advance to the Company pursuant to this Agreement shall terminate permanently (including with respect to a 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 twenty (20) Trading Days during the Commitment Period, for any reason other than deferral or suspensions in accordance with the Registration Rights Agreement as a result of corporate developments subsequent to the Subscription Date that would require such Registration Statement to be amended to reflect such event in order to maintain its compliance with the disclosure requirements of the Securities Act or (ii) the Company shall at any time fail to comply with the requirements of Section 6.3, 6.4 or 6.6.

Appears in 2 contracts

Samples: Line of Credit Agreement (Cyco Net Inc), Line of Credit Agreement (Cyco Net Inc)

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Termination of Investment. The obligation of the Investor to make an Advance to the Company pursuant to this Agreement shall terminate permanently (including with respect to a an Advance Date that has not yet occurred) in the event that (Ii) there shall occur any stop order or suspension of the effectiveness of the Registration Statement for an aggregate of twenty (20) Trading Days during the Commitment Period, for any reason other than deferral or suspensions in accordance with the Registration Rights Agreement as a result of corporate developments subsequent to the Subscription Date that would require such Registration Statement to be amended to reflect such event in order to maintain its compliance with the disclosure requirements of the Securities Act or (ii) the Company shall at any time fail materially to comply with the requirements of Section 6.3, 6.4 or 6.6.

Appears in 1 contract

Samples: Line of Credit Agreement (Majestic Companies LTD)

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Termination of Investment. The obligation of the Investor to make an Advance to the Company pursuant to this Agreement shall terminate permanently (including with respect to a an Advance Date that has not yet occurred) in the event that (Ii) there shall occur any stop order or suspension of the effectiveness of the Registration Statement for an aggregate of twenty thirty (2030) Trading Days during the Commitment Period, for any reason other than deferral or suspensions in accordance with the Registration Rights Agreement as a result of corporate developments subsequent to the Subscription Date that would require such Registration Statement to be amended to reflect such event in order to maintain its compliance with the disclosure requirements of the Securities Act or (ii) the Company shall at any time fail materially to comply with the requirements of Section 6.3., 6.4 6.4. or 6.6.

Appears in 1 contract

Samples: Credit Agreement (Nexland Inc)

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