Terms of Future Financings. So long as any part of the Debenture is outstanding, upon any issuance by Company of any security with any term or condition more favorable to the holder of such security or with a term in favor of the holder of such security that was not similarly provided to Lender in the Transaction Documents, then Company shall notify Lender of such additional or more favorable term and such term, at Investor’s option, shall become a part of the Transaction Documents for the benefit of Lender. Additionally, if Company fails to notify Investor of any such additional or more favorable term, but Lender becomes aware that Company has granted such a term to any third party, Lender may notify Company of such additional or more favorable term and such term shall become a part of the Transaction Documents retroactive to the date on which such term was granted to the applicable third party. The types of terms contained in another security that may be more favorable to the holder of such security include, but are not limited to, terms addressing conversion discounts, conversion lookback periods, interest rates, original issue discounts, stock sale price, conversion price per share, warrant coverage, warrant exercise price, and anti-dilution/conversion and exercise price resets.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Beyond Commerce, Inc.), Securities Purchase Agreement (Beyond Commerce, Inc.)
Terms of Future Financings. So long as any part of the Debenture Note is outstanding, upon any issuance by Company of any security promissory note which is convertible into Common Stock (“Convertible Debt”) after the six (6) month anniversary of the Closing Date with any term or condition regarding conversion terms or mechanics more favorable to the holder of such security Convertible Debt or with a material term in favor of the holder of such security Convertible Debt that was not similarly provided to Lender Investor in the Transaction Documents, then Company shall notify Lender Investor of such additional or more favorable term and such term, at Investor’s option, shall become a part of the Transaction Documents for the benefit of LenderInvestor. Additionally, if Company fails to notify Investor of any such additional or more favorable term, but Lender Investor becomes aware that Company has granted such a term to any third party, Lender Investor may notify Company of such additional or more favorable term and such term shall become a part of the Transaction Documents retroactive to the date on which such term was granted to the applicable third partyparty pursuant to the issuance of Convertible Debt. The types of conversion terms contained in another security Convertible Debt that may be more favorable to the holder of such security include, but are not limited to, terms addressing conversion discounts, conversion lookback periods, interest rates, original issue discounts, stock sale price, and conversion price per share, warrant coverage, warrant exercise price, and anti-dilution/conversion and exercise price resetsprices.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Innovate Biopharmaceuticals, Inc.), Securities Purchase Agreement (Innovate Biopharmaceuticals, Inc.)
Terms of Future Financings. So long as any part of the Debenture Note is outstanding, upon any issuance by Company Borrower of any security with any term or condition more favorable to the holder of such security or with a term in favor of the holder of such security that was not similarly provided to Lender Investor in the Transaction Documents, then Company Borrower shall notify Lender Investor of such additional or more favorable term and such term, at Investor’s option, shall become a part of the Transaction Documents for the benefit of LenderInvestor. Additionally, if Company Xxxxxxxx fails to notify Investor of any such additional or more favorable term, but Lender Investor becomes aware that Company Borrower has granted such a term to any third party, Lender Investor may notify Company Borrower of such additional or more favorable term and such term shall become a part of the Transaction Documents retroactive to the date on which such term was granted to the applicable third party. The types of terms contained in another security that may be more favorable to the holder of such security include, but are not limited to, terms addressing conversion discounts, conversion lookback periods, interest rates, original issue discounts, stock sale price, conversion price per share, warrant coverage, warrant exercise price, and anti-dilution/conversion and exercise price resets.
Appears in 1 contract
Samples: Securities Purchase Agreement (ETAO International Co., Ltd.)
Terms of Future Financings. So long as any part of the Debenture this Note is outstanding, upon any issuance by Company Borrower of any security with any term or condition more favorable to the holder of such security or with a term in favor of the holder of such security that was not similarly provided to Lender in the Transaction Documentsthis Note, then Company Borrower shall notify Lender of such additional or more favorable term and such term, at InvestorLender’s option, shall become a part of the Transaction Documents for the benefit of LenderDocuments. Additionally, if Company Borrower fails to notify Investor Lender of any such additional or more favorable term, but Lender becomes aware that Company Borrower has granted such a term to any third party, Lender may notify Company Borrower of such additional or more favorable term and such term shall become a part of the Transaction Documents retroactive to the date on which such term was granted to the applicable third party. The types of terms contained in another security that may be more favorable to the holder of such security include, but are not limited to, terms addressing conversion discounts, conversion lookback periods, interest rates, original issue discountsOIDs, stock sale price, conversion price per share, and warrant coverage, warrant exercise price, and anti-dilution/conversion and exercise price resets.
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Terms of Future Financings. So long as any part of the Debenture Note is outstanding, upon any issuance by Company Borrower of any security with any term or condition more favorable to the holder of such security or with a term in favor of the holder of such security that was not similarly provided to Lender Investor in the Transaction Documents, then Company Borrower shall notify Lender Investor of such additional or more favorable term and such term, at Investor’s option, shall become a part of the Transaction Documents for the benefit of LenderInvestor. Additionally, if Company Bxxxxxxx fails to notify Investor of any such additional or more favorable term, but Lender Investor becomes aware that Company Borrower has granted such a term to any third party, Lender Investor may notify Company Borrower of such additional or more favorable term and such term shall become a part of the Transaction Documents retroactive to the date on which such term was granted to the applicable third party. The types of terms contained in another security that may be more favorable to the holder of such security include, but are not limited to, terms addressing conversion discounts, conversion lookback periods, interest rates, original issue discounts, stock sale price, conversion price per share, warrant coverage, warrant exercise price, and anti-dilution/conversion and exercise price resets.
Appears in 1 contract
Samples: Securities Purchase Agreement (Bruush Oral Care Inc.)
Terms of Future Financings. So long as any part of the Debenture is Exchange Shares are outstanding, upon any issuance by Company of any security with any term or condition more favorable to the holder of such security or with a term in favor of the holder of such security that was not similarly provided to Lender Investor in the Transaction Documents, then Company shall notify Lender Investor of such additional or more favorable term and such term, at Investor’s option, shall become a part of the Transaction Documents for the benefit of LenderInvestor. Additionally, if Company fails to notify Investor of any such additional or more favorable term, but Lender Investor becomes aware that Company has granted such a term to any third party, Lender Investor may notify Company of such additional or more favorable term and such term shall become a part of the Transaction Documents retroactive to the date on which such term was granted to the applicable third party. The types of terms contained in another security that may be more favorable to the holder of such security include, but are not limited to, terms addressing conversion discounts, conversion lookback periods, interest rates, original issue discounts, stock sale price, conversion price per share, warrant coverage, warrant exercise price, and anti-dilution/conversion and exercise price resets.
Appears in 1 contract
Terms of Future Financings. So long as any part of the Debenture Note is outstanding, upon any issuance by Company Borrower of any security with any term or condition more favorable to the holder of such security or with a term in favor of the holder of such security that was not similarly provided to Lender Investor in the Transaction Documents, then Company Borrower shall notify Lender Investor of such additional or more favorable term and such term, at Investor’s option, shall become a part of the Transaction Documents for the benefit of LenderInvestor. Additionally, if Company Borrower fails to notify Investor of any such additional or more favorable term, but Lender Investor becomes aware that Company Borrower has granted such a term to any third party, Lender Investor may notify Company Borrower of such additional or more favorable term and such term shall become a part of the Transaction Documents retroactive to the date on which such term was granted to the applicable third party. The types of terms contained in another security that may be more favorable to the holder of such security include, but are not limited to, terms addressing conversion discounts, conversion lookback periods, interest rates, original issue discounts, stock sale price, conversion price per share, warrant coverage, warrant exercise price, and anti-dilution/conversion and exercise price resets.
Appears in 1 contract
Samples: Securities Purchase Agreement (Marijuana Co of America, Inc.)
Terms of Future Financings. So long as any part of the Debenture Note is outstanding, upon any issuance by Company or Mining Sub of any security with any term or condition more favorable to the holder of such security or with a term in favor of the holder of such security that was not similarly provided to Lender Investor in the Transaction Documents, then Company shall notify Lender Investor of such additional or more favorable term and such term, at Investor’s option, shall become a part of the Transaction Documents for the benefit of LenderInvestor. Additionally, if Company fails to notify Investor of any such additional or more favorable term, but Lender Investor becomes aware that Company or Mining Sub has granted such a term to any third party, Lender Investor may notify Company of such additional or more favorable term and such term shall become a part of the Transaction Documents retroactive to the date on which such term was granted to the applicable third party. The types of terms contained in another security that may be more favorable to the holder of such security include, but are not limited to, terms addressing conversion discounts, conversion lookback periods, interest rates, original issue discounts, stock sale price, conversion price per share, warrant coverage, warrant exercise price, and anti-dilution/conversion and exercise price resets.
Appears in 1 contract
Samples: Securities Purchase Agreement (MGT Capital Investments Inc)
Terms of Future Financings. So long as any part of the Debenture Note is outstanding, upon any issuance by Company Borrower of any security with any term or condition more favorable to the holder of such security or with a term in favor of the holder of such security that was not similarly provided to Lender Investor in the Transaction Documents, then Company Borrower shall notify Lender Investor of such additional or more favorable term and such term, at Investor’s option, shall become a part of the Transaction Documents for the benefit of LenderInvestor. Additionally, if Company Bxxxxxxx fails to notify Investor of any such additional or more favorable term, but Lender Investor becomes aware that Company Borrower has granted such a term to any third party, Lender Investor may notify Company Borrower of such additional or more favorable term and such term shall become a part of the Transaction Documents retroactive to the date on which such term was granted to the applicable third party. The types of terms contained in another security that may be more favorable to the holder of such security include, but are not limited to, terms addressing conversion discounts, conversion lookback periods, interest rates, original issue discounts, stock sale price, conversion price per share, warrant coverage, warrant exercise price, and anti-anti- dilution/conversion and exercise price resets. This section shall not apply to any issuance of securities pursuant to the Yorkville SEPA.
Appears in 1 contract
Samples: Securities Purchase Agreement (SMX (Security Matters) Public LTD Co)