Common use of Governmental Restrictions Clause in Contracts

Governmental Restrictions. If any Shares issuable upon the exercise of Warrants require registration with or approval by any governmental authority, the Company will, to the extent set forth in the Company's Prospectus and in Section 1 of the Underwriting Agreement entered into in connection with the above described public offering, endeavor to secure such registration or approval; provided that in no event shall such Shares be issued, and the Company shall have the authority to suspend the exercise of all Warrants, until such registration or approval shall have been obtained; but all Warrants, the exercise of which are requested during any such suspension, shall be exercisable at the Exercise Price. If any such period of suspension continues past the Expiration Date, all Warrants, the exercise of which have been requested on or prior to the Expiration Date, shall be exercisable upon the removal of such suspension until the close of the business day immediately following the expiration of such

Appears in 3 contracts

Sources: Warrant Agent Agreement (Ocurest Laboratories Inc), Warrant Agent Agreement (Ocurest Laboratories Inc), Warrant Agent Agreement (Ocurest Laboratories Inc)

Governmental Restrictions. If any Shares issuable upon the exercise of Warrants require registration with or approval by of any governmental authority, the Company will, to the extent set forth in the Company's Prospectus and in Section 1 of the Underwriting Agreement entered into in connection with the above described public offering, endeavor will use commercially reasonable efforts to secure such registration or approvalapproval and, to the extent practicable, take action in anticipation of and prior to the exercise of the Warrants necessary to permit a public offering of the securities underlying the Warrants during the term of this Agreement; provided that in no event shall such Shares be issued, and the Company shall have the authority to suspend the exercise of all Warrants, until such registration or approval shall have been obtained; but all Warrants, the exercise of which are is requested during any such suspension, shall be exercisable at the Exercise Price. If any such period of suspension continues past the Expiration Date, all Warrants, the exercise of which have been requested on or prior to the Expiration Date, shall be exercisable upon the removal of such suspension until the close of business on the business day immediately following the expiration of suchsuch suspension.

Appears in 3 contracts

Sources: Warrant and Unit Agreement (Taser International Inc), Warrant and Unit Agreement (Taser International Inc), Warrant and Unit Agreement (Imageware Systems Inc)

Governmental Restrictions. If any Shares shares of Class A Voting Common Stock issuable upon the exercise of Warrants require registration with or approval by of any governmental authority, the Company will, to the extent set forth in the Company's Prospectus and in Section 1 of the Underwriting Agreement entered into in connection with the above described public offering, endeavor will use commercially reasonable efforts to secure such registration or approvalapproval and, to the extent practicable, take action in anticipation of and prior to the exercise of the Warrants necessary to permit a public offering of the securities underlying the Warrants during the term of this Agreement; provided that in no event shall such Shares shares of Class A Voting Common Stock be issued, and the Company shall have the authority to suspend the exercise of all Warrants, until such registration or approval shall have been obtained; but all Warrants, the exercise of which are is requested during any such suspension, shall be exercisable at the Exercise Price. If any such period of suspension continues past the Expiration Date, all Warrants, the exercise of which have been requested on or prior to the Expiration Date, shall be exercisable upon the removal of such suspension until the close of business on the business day immediately following the expiration of suchsuch suspension.

Appears in 2 contracts

Sources: Warrant and Unit Agreement (Locateplus Holdings Corp), Warrant and Unit Agreement (Locateplus Holdings Corp)

Governmental Restrictions. If any Shares shares of Common Stock issuable upon the exercise of Warrants require registration with or approval by of any governmental authority, the Company will, to the extent set forth in the Company's Prospectus and in Section 1 of the Underwriting Agreement entered into in connection with the above described public offering, endeavor will use commercially reasonable efforts to secure such registration or approvalapproval and, to the extent practicable, take action in anticipation of and prior to the exercise of the Warrants necessary to permit a public offering of the securities underlying the Warrants during the term of this Agreement; provided that in no event shall such Shares shares of Common Stock be issued, and the Company shall have the authority to suspend the exercise of all Warrants, until such registration or approval shall have been obtained; but all Warrants, the exercise of which are is requested during any such suspension, shall be exercisable at the Exercise Price. If any such period of suspension continues past the Expiration Date, all Warrants, the exercise of which have been requested on or prior to the Expiration Date, shall be exercisable upon the removal of such suspension until the close of business on the business day immediately following the expiration of suchsuch suspension.

Appears in 1 contract

Sources: Warrant and Unit Agreement (Zuma360 Software Inc)