Absence of Events of Default. Except as set forth in Section 3(e) hereof, no Event of Default (or its equivalent term), as defined in the respective agreement to which the Company or its Subsidiary is a party, and no event which, with the giving of notice or the passage of time or both, would become an Event of Default (or its equivalent term) (as so defined in such agreement), has occurred and is continuing, which would have a Material Adverse Effect.
Appears in 7 contracts
Sources: Securities Purchase Agreement (Omnicomm Systems Inc), Securities Purchase Agreement (Omnicomm Systems Inc), Securities Purchase Agreement (American Security Resources Corp.)
Absence of Events of Default. Except as set forth in Section 3(e) hereof, no Event of Default (or its equivalent term), as defined in the respective agreement to which the Company or its Subsidiary is a party, and no event which, with the giving of notice or the passage of time or both, would become an Event of Default (or its equivalent term) (as so defined in such agreement), has occurred and is continuing, which would have a Material Adverse Effectmaterial adverse effect on the business, operations or condition (financial or otherwise) or results of operations of the Company and its subsidiaries, taken as a whole.
Appears in 7 contracts
Sources: Securities Purchase Agreement (American Champion Entertainment Inc), Securities Purchase Agreement (American Champion Entertainment Inc), Securities Purchase Agreement (Computerized Thermal Imaging Inc)
Absence of Events of Default. Except as set forth in Section 3(e) hereof, no Event of Default (or its equivalent term), as defined in the respective agreement to which the Company or its Subsidiary is a party, and no event which, with the giving of notice or the passage of time or both, would become an Event of Default (or its equivalent term) (as so defined in such agreement), has occurred and is continuing, which would have a Material Adverse Effectmaterial adverse effect on the business, operations, condition (financial or otherwise), or results of operations of the Company and its subsidiaries, taken as a whole.
Appears in 7 contracts
Sources: Securities Purchase Agreement (Advanced Viral Research Corp), Securities Purchase Agreement (Advanced Viral Research Corp), Securities Purchase Agreement (Natural Health Trends Corp)
Absence of Events of Default. Except as set forth in Section 3(e) hereof, no Event of Default (or its equivalent term), as defined in the respective agreement to which the Company or its Subsidiary is a party, and no event which, with the giving of notice or the passage of time or both, would become an Event of Default (or its equivalent term) (as so defined in such agreement), has occurred and is continuing, which would have a Material Adverse Effectmaterial adverse effect on the Company's financial condition or results of operations.
Appears in 6 contracts
Sources: Securities Purchase Agreement (Alcohol Sensors International LTD), Securities Purchase Agreement (Citadel Technology Inc), Securities Purchase Agreement (Escalon Medical Corp)
Absence of Events of Default. Except as set forth in Section 3(e) hereof, no Event of Default (or its equivalent term), as defined in the respective agreement to which the Company or its Subsidiary is a party, and no event which, with the giving of notice or the passage of time or both, would become an Event of Default (or its equivalent term) (as so defined in such agreement), has occurred and is continuing, which would have a Material Adverse Effectmaterial adverse effect on the business, operations or the condition (financial or otherwise) or results of operations of the Company and its subsidiaries, taken as a whole.
Appears in 5 contracts
Sources: Securities Purchase Agreement (Esat Inc), Securities Purchase Agreement (Colormax Technologies Inc), Securities Purchase Agreement (Satx Inc)
Absence of Events of Default. Except as set forth in Section 3(e) hereofthe Company's SEC Documents, no Event of Default (or its equivalent term), as defined in the respective agreement to which the Company or its Subsidiary is a party, and no event which, with the giving of notice or the passage of time or both, would become an Event of Default (or its equivalent term) (as so defined in such agreement), has occurred and is continuing, which would have a Material Adverse Effectmaterial adverse effect on the business, operations, condition (financial or otherwise), or results of operations of the Company and its subsidiaries, taken as a whole.
Appears in 4 contracts
Sources: Securities Purchase Agreement (Zapworld Com), Securities Purchase Agreement (Henley Healthcare Inc), Securities Purchase Agreement (Dynagen Inc)
Absence of Events of Default. Except as set forth in Section 3(e) hereof, no Event of Default (or its equivalent term), as defined in the respective agreement to which the Company or its Subsidiary is a party, and no event which, with the giving of notice or the passage of time or both, would become an Event of Default (or its equivalent term) (as so defined in such agreement), has occurred and is continuing, which would have a Material Adverse Effectmaterial adverse effect on the business, operations or the financial condition or results of operations of the Company and its subsidiaries, taken as a whole.
Appears in 2 contracts
Sources: Securities Purchase Agreement (TTR Inc), Securities Purchase Agreement (Ambient Corp /Ny)
Absence of Events of Default. Except as set forth in Section 3(e) hereof, no Event of Default (or its equivalent term), as defined in the respective agreement to which the Company or its Subsidiary is a party, and no event which, with the giving of notice or the passage of time or both, would become an Event of Default (or its equivalent term) (as so defined in such agreement), has occurred and is continuing, which would have a Material Adverse Effectmaterial adverse effect on the business, operations or condition (financial or otherwise), or results of operations of the Company and its subsidiaries taken as a whole.
Appears in 1 contract
Sources: Securities Purchase Agreement (Play Co Toys & Entertainment Corp)
Absence of Events of Default. Except as set forth in Section 3(e) hereof, no Event of Default (or its equivalent term), as defined in the respective agreement to which the Company or its Subsidiary is a party, and no event which, with the giving of notice or the passage of time or both, would become an Event of Default (or its equivalent term) (as so defined in such agreement), has occurred and is continuing, which would have a Material Adverse Effectmaterial adverse effect on the business, operations or financial condition or results of operations of the Company and its subsidiaries taken as a whole.
Appears in 1 contract
Sources: Securities Purchase Agreement (Tanners Restaurant Group Inc)
Absence of Events of Default. Except as set forth in Section 3(e) hereofthe Company's SEC Documents, no Event of Default (or its equivalent term), as defined in the respective agreement to which the Company or its Subsidiary is a party, and no event which, with the giving of notice or the passage of time or both, would become an Event of Default (or its equivalent term) (as so defined in such agreement), has occurred and is continuing, which would have a Material Adverse Effectmaterial adverse effect on the business, operations, financial condition, or results of operations of the Company and its subsidiaries, taken as a whole.
Appears in 1 contract
Absence of Events of Default. Except as set forth in Section 3(e) hereof, no Event of Default (or its equivalent term), as defined in the respective agreement to which the Company or its Subsidiary is a party, and no event which, with the giving of notice or the passage of time or both, would become an Event of Default (or its equivalent term) (as so defined in such agreement), has occurred and is continuing, which would have a Material Adverse Effectmaterial adverse effect on the business, operations, financial condition or results of operations of the Company and its subsidiaries taken as a whole.
Appears in 1 contract
Sources: Securities Purchase Agreement (Stockgroup Com Holdings Inc)