Common use of Additional Investment Clause in Contracts

Additional Investment. The Purchaser may (at its sole option) purchase additional notes from the Company in an aggregate principal amount of up to $40,000,000 pursuant to substantially similar documentation as this Agreement and the Related Agreements but in no event shall the Purchaser purchase any additional notes from Company at a time when an Event of Default (as defined in the Note) has occurred and is continuing.

Appears in 2 contracts

Sources: Securities Purchase Agreement (Petrol Oil & Gas Inc), Securities Purchase Agreement (Petrol Oil & Gas Inc)

Additional Investment. The Purchaser may (at its sole option) purchase additional notes from the Company in an aggregate principal amount of up to $40,000,000 35,000,000 pursuant to substantially similar documentation as this Agreement and the Related Agreements but in no event shall the Purchaser purchase any additional notes from Company at a time when an Event of Default (as defined in the Note) has occurred and is continuing.. NY481079.3 20389110047 04/11/2006 :ap 23

Appears in 1 contract

Sources: Securities Purchase Agreement (Petrol Oil & Gas Inc)

Additional Investment. The Purchaser may (at its sole option) purchase additional notes from the Company in an aggregate principal amount of up to $40,000,000 25,000,000 pursuant to substantially similar documentation as this Agreement and the Related Agreements but in no event shall the Purchaser purchase any additional notes from Company at a time when an Event of Default (as defined in the Note) has occurred and is continuing.

Appears in 1 contract

Sources: Securities Purchase Agreement (Petrol Oil & Gas Inc)