Common use of REPRESENTATIONS, WARRANTIES AND CERTAIN COVENANTS Clause in Contracts

REPRESENTATIONS, WARRANTIES AND CERTAIN COVENANTS. In ------------------------------------------------- connection with each issuance of New Securities to any Senior Holder pursuant to this Section 4, the Company shall, in the event the Company is making representations, warranties and/or covenants to the New Securities Purchaser, make to each Senior Holder such representations, warranties, and covenants as are customarily made by issuers in similar instances (but which in no event shall be less favorable to the Senior Holders than those contemplated by the Preissuance Notice or otherwise made to or for the benefit of any New Securities Purchaser) and each Senior Holder shall be separately and independently entitled to rely on such representations and warranties, to the benefit of such covenants and to exercise all available rights and remedies in the event of any breach or violation of any such representations, warranties and covenants. Any representations and warranties made by a Senior Holder shall consist solely of such representations and warranties relating to (i) such Senior Holder's authority to consummate the purchase of the New Securities from the Company and (ii) other similar representations and warranties as are customarily given by similarly situated purchasers of securities similar to those being purchased by a Senior Holder in a similar transaction, but no Senior Holder shall be required to give any such representation or warranty which the New Securities Purchaser does not give. The representations, warranties, covenants and agreements of each Senior Holder shall be several and not joint and shall (unless, in the case of the Company, otherwise required by the New Securities Purchasers) terminate upon the earlier of (i) the termination of the corresponding representations and warranties made by the New Securities Purchaser or by the Company and (ii) one year after closing. The right of each Senior Holder to purchase the full number of New Securities which such Senior Holder is entitled to purchase under this Section 4 shall not be subject to any conditions whatsoever, other than the payment of the purchase price therefor determined as provided herein, and the consummation of the transaction between the Company and the New Securities Purchaser. If any Senior Holder shall fail for any reason to purchase any New Securities which it has elected to purchase, the sole right, remedy and recourse of the Company, the New Securities Purchaser, and the complying Senior Holders, as the case may be, shall be the right of the Company to issue to the New Securities Purchaser and the other Senior Holders, pro rata based on their respective participations in the transaction as determined pursuant to Section 4.1, additional New Securities equal in kind and number or other relevant amount to the New Securities which such Senior Holder failed to purchase at the closing, in which event the Majority Senior Holders may elect to postpone the closing for five Business Days. Unless the Company and any Senior Holder otherwise agree, the closing of any issuance of New Securities to any Senior Holder pursuant to this Section 4 shall take place at the principal executive offices of the Company at 11:00 A.M., local time, on the later of (i) the tenth Business Day following the expiration of the period of fifteen Business Days after the later of (A) the date the relevant Preissuance Notice was given and (B) the date all disputes as to the valuations have been resolved and (ii) the fifteenth Business Day following the expiration of all applicable waiting periods, if any, under the HSR Act and the receipt of all consents, approvals and authorizations from governmental authorities or other Persons that are necessary in connection with the acquisition of the New Securities to be issued to the Senior Holder. The Company shall execute such documents and instruments as may be necessary or reasonably requested to effectuate the issuance of New Securities to any Senior Holder.

Appears in 1 contract

Sources: Stockholders' Agreement (Loislaw Com Inc)

REPRESENTATIONS, WARRANTIES AND CERTAIN COVENANTS. In ------------------------------------------------- connection with each issuance of New Securities to any Senior Holder Investor pursuant to this Section 4Article II, the Company shall, in the event the Company is making representations, warranties and/or covenants to the New Securities Purchaser, make to each Senior Holder Investor such representations, warranties, and covenants as are customarily made by issuers in similar instances (but which in no event shall be less favorable to the Senior Holders Investors than those contemplated by the Preissuance Notice or otherwise made to or for the benefit of any New Securities Purchaser) and each Senior Holder Investor shall be separately and independently entitled to rely on such representations and warranties, to the benefit of such covenants and to exercise all available rights and remedies in the event of any breach or violation of any such representations, warranties and covenants. Any representations and warranties made by a Senior Holder an Investor shall consist solely of such representations and warranties relating to (i) such Senior HolderInvestor's authority to consummate the purchase of the New Securities from the Company and (ii) other similar representations and warranties as are customarily given by similarly situated purchasers of securities similar to those being purchased by a Senior Holder an Investor in a similar transaction, transaction but no Senior Holder Investor shall be required to give any such representation or warranty which the New Securities Purchaser does not give. The representations, warranties, covenants and agreements of each Senior Holder Investor shall be several and not joint and shall the representations and warranties of the Investor and of the Company (unless, in the case of the Company, otherwise required by the New Securities Purchasers) and shall terminate upon the earlier of (i) the termination of the corresponding representations and warranties any representation or warranty made by the New Securities Purchaser or by the Company and (ii) one year after closing. The right of each Senior Holder Investor to purchase the full number of New Securities which such Senior Holder Investor is entitled to purchase under this Section 4 Article II shall not be subject to any conditions whatsoever, other than the payment of the purchase price therefor determined as provided herein, and the consummation of the transaction between the Company and the New Securities Purchaser. If any Senior Holder Investor shall fail for any reason to purchase any New Securities which it has elected to purchase, the sole right, remedy and recourse of the Company, the New Securities Purchaser, and the complying Senior HoldersInvestors, as the case may be, shall be the right of the Company to issue to the New Securities Purchaser and the other Senior HoldersInvestors, pro rata based on their respective participations in the transaction as determined pursuant to Section 4.12.1, additional New Securities equal in kind and number or other relevant amount to the New Securities which such Senior Holder Investor failed to purchase at the closing, in which event the Majority Senior Holders Investors may elect to postpone the closing for five (5) Business Days. Unless the Company and any Senior Holder Investor otherwise agree, the closing of any issuance of New Securities to any Senior Holder Investor pursuant to this Section 4 Article II shall take place at the principal executive offices of the Company at 11:00 A.M., local time, on the later of (i) the tenth Business Day thirtieth (30th) day following the expiration of the period of fifteen (15) Business Days after the later of (A) the date of the relevant Preissuance Notice was given and (B) the date all disputes as to the valuations have been resolved and (ii) the fifteenth (15th) Business Day following the expiration of all applicable waiting periods, if any, under the HSR Act and the receipt of all consents, approvals and authorizations from governmental authorities or other Persons that are which the Majority Investors believe to be necessary or desirable in connection with the acquisition of the New Securities to be issued to the Senior HolderInvestor. The Company shall execute such documents and instruments as may be necessary or reasonably requested to effectuate the issuance of New Securities to any Senior HolderInvestor.

Appears in 1 contract

Sources: Preemptive Rights Agreement (Mentus Media Corp)

REPRESENTATIONS, WARRANTIES AND CERTAIN COVENANTS. In ----------- ------------------------------------------------- connection with each issuance of New Securities to any Senior Holder Investor pursuant to this Section 4Article VII, the Company shall, in the event the Company is making ----------- representations, warranties and/or covenants to the New Securities Purchaser, make to each Senior Holder Investor such representations, warranties, and covenants as are customarily made by issuers in similar instances (but which in no event shall be less favorable to the Senior Holders Investors than those contemplated by the Preissuance Notice or otherwise made to or for the benefit of any New Securities Purchaser) and each Senior Holder Investor shall be separately and independently entitled to rely on such representations and warranties, to the benefit of such covenants and to exercise all available rights and remedies in the event of any breach or violation of any such representations, warranties and covenants. Any representations and warranties made by a Senior Holder an Investor shall consist solely of such representations and warranties relating to (i) such Senior HolderInvestor's authority to consummate the purchase of the New Securities from the Company and (ii) other similar representations and warranties as are customarily given by similarly situated purchasers of securities similar to those being purchased by a Senior Holder an Investor in a similar transaction, transaction but no Senior Holder Investor shall be required to give any such representation or warranty which the New Securities Purchaser does not give. The representations, warranties, covenants and agreements of each Senior Holder Investor shall be several and not joint and shall the representations and warranties of the Investor and of the Company (unless, in the case of the Company, otherwise required by the New Securities Purchasers) and shall terminate upon the earlier of (i) the termination of the corresponding representations and warranties any representation or warranty made by the New Securities Purchaser or by the Company and (ii) one year after closing. The right of each Senior Holder Investor to purchase the full number of New Securities which such Senior Holder Investor is entitled to purchase under this Section 4 Article VII shall not be subject to ----------- any conditions whatsoever, other than the payment of the purchase price therefor determined as provided herein, and the consummation of the transaction between the Company and the New Securities Purchaser. If any Senior Holder Investor shall fail for any reason to purchase any New Securities which it has elected to purchase, the sole right, remedy and recourse of the Company, the New Securities Purchaser, and the complying Senior HoldersInvestors, as the case may be, shall be the right of the Company to issue to the New Securities Purchaser and the other Senior HoldersInvestors, pro rata based on their respective participations in the transaction as determined pursuant to Section 4.17.1, additional New Securities equal in kind and number or other ----------- relevant amount to the New Securities which such Senior Holder Investor failed to purchase at the closing, in which event the Majority Senior Holders Investors may elect to postpone the closing for five Business Days. Unless the Company and any Senior Holder Investor otherwise agree, the closing of any issuance of New Securities to any Senior Holder Investor pursuant to this Section 4 Article VII shall take place at the principal executive offices of the ----------- Company at 11:00 A.M., local time, on the later of (i) the tenth Business Day thirtieth day following the expiration of the period of fifteen Business Days after the later of (A) the date of the relevant Preissuance Notice was given and (B) the date all disputes as to the valuations have been resolved and (ii) the fifteenth Business Day following the expiration of all applicable waiting periods, if any, under the HSR Act and the receipt of all consents, approvals and authorizations from governmental authorities or other Persons that are which the Majority Investors believe to be necessary or desirable in connection with the acquisition of the New Securities to be issued to the Senior HolderInvestor. The Company shall execute such documents and instruments as may be necessary or reasonably requested to effectuate the issuance of New Securities to any Senior HolderInvestor.

Appears in 1 contract

Sources: Investor Rights Agreement (Convergent Communications Inc /Co)

REPRESENTATIONS, WARRANTIES AND CERTAIN COVENANTS. In ------------------------------------------------- connection with each issuance of New Securities to any Senior Holder Investor pursuant to this Section 4Article VII, the Company shall, in the event the Company is making ----------- representations, warranties and/or covenants to the New Securities Purchaser, make to each Senior Holder Investor such representations, warranties, and covenants as are customarily made by issuers in similar instances (but which in no event shall be less favorable to the Senior Holders Investors than those contemplated by the Preissuance Notice or otherwise made to or for the benefit of any New Securities Purchaser) and each Senior Holder Investor shall be separately and independently entitled to rely on such representations and warranties, to the benefit of such covenants and to exercise all available rights and remedies in the event of any breach or violation of any such representations, warranties and covenants. Any representations and warranties made by a Senior Holder an Investor shall consist solely of such representations and warranties relating to (i) such Senior HolderInvestor's authority to consummate the purchase of the New Securities from the Company and (ii) other similar representations and warranties as are customarily given by similarly situated purchasers of securities similar to those being purchased by a Senior Holder an Investor in a similar transaction, transaction but no Senior Holder Investor shall be required to give any such representation or warranty which the New Securities Purchaser does not give. The representations, warranties, covenants and agreements of each Senior Holder Investor shall be several and not joint and shall the representations and warranties of the Investor and of the Company (unless, in the case of the Company, otherwise required by the New Securities Purchasers) shall terminate upon the earlier of (i) the termination of the corresponding representations and warranties any representation or warranty made by the New Securities Purchaser or by the Company and (ii) one year after closing. The right of each Senior Holder Investor to purchase the full number of New Securities which such Senior Holder Investor is entitled to purchase under this Section 4 Article VII shall not be subject to any conditions whatsoever, other ----------- than the accuracy of the representations made by such Investor, the payment of the purchase price therefor determined as provided herein, and the consummation of the transaction between the Company and the New Securities Purchaser. If any Senior Holder Investor shall fail for any reason to purchase any New Securities which it has elected to purchase, the sole right, remedy and recourse of the Company, the New Securities Purchaser, and the complying Senior HoldersInvestors, as the case may be, shall be the right of the Company to issue to the New Securities Purchaser and the other Senior HoldersInvestors, pro rata based on their respective participations in the transaction as determined pursuant to Section 4.17.01, additional New Securities equal in kind ------------ and number or other relevant amount to the New Securities which such Senior Holder Investor failed to purchase at the closing, in which event the Majority Senior Holders Investors may elect to postpone the closing for five Business Days. Unless the Company and any Senior Holder Investor otherwise agree, the closing of any issuance of New Securities to any Senior Holder Investor pursuant to this Section 4 Article VII shall take place at the principal ----------- executive offices of the Company at 11:00 A.M., local time, on the later of (i) the tenth Business Day thirtieth day following the expiration of the period of fifteen Business Days after the later of (A) the date of the relevant Preissuance Notice was given (except if there is a relevant Subsequent Notice, in which case the date of such Subsequent Notice) and (B) the date all disputes as to the valuations have been resolved and (ii) the fifteenth Business Day following the expiration of all applicable waiting periods, if any, under the HSR Act and the receipt of all consents, approvals and authorizations from governmental authorities or other Persons that are which the Majority Investors believe to be necessary or desirable in connection with the acquisition of the New Securities to be issued to the Senior HolderInvestor. The Company shall execute such documents and instruments as may be necessary or reasonably requested to effectuate the issuance of New Securities to any Senior HolderInvestor.

Appears in 1 contract

Sources: Investor Rights Agreement (Convergent Communications Inc /Co)

REPRESENTATIONS, WARRANTIES AND CERTAIN COVENANTS. In ------------------------------------------------- connection with each issuance of New Securities to any Senior Holder Investor pursuant to this Section 4Article VII, the Company shall, in the event the Company is making representations, warranties and/or covenants to the New Securities Purchaser, make to each Senior Holder Investor such representations, warranties, and covenants as are customarily made by issuers in similar instances (but which in no event shall be less favorable to the Senior Holders Investors than those contemplated by the Preissuance Notice or otherwise made to or for the benefit of any New Securities Purchaser) and each Senior Holder Investor shall be separately and independently entitled to rely on such representations and warranties, to the benefit of such covenants and to exercise all available rights and remedies in the event of any breach or violation of any such representations, warranties and covenants. Any representations and warranties made by a Senior Holder an Investor shall consist solely of such representations and warranties relating to (i) such Senior HolderInvestor's authority to consummate the purchase of the New Securities from the Company and (ii) other similar representations and warranties as are customarily given by similarly situated purchasers of securities similar to those being purchased by a Senior Holder an Investor in a similar transaction, transaction but no Senior Holder Investor shall be required to give any such representation or warranty which the New Securities Purchaser does not give. The representations, warranties, covenants and agreements of each Senior Holder Investor shall be several and not joint and shall the representations and warranties of the Investor and of the Company (unless, in the case of the Company, otherwise required by the New Securities Purchasers) shall terminate upon the earlier of (i) the termination of the corresponding representations and warranties any representation or warranty made by the New Securities Purchaser or by the Company and (ii) one year after closing. The right of each Senior Holder Investor to purchase the full number of New Securities which such Senior Holder Investor is entitled to purchase under this Section 4 Article VII shall not be subject to any conditions whatsoever, other than the payment of the purchase price therefor determined as provided herein, and the consummation of the transaction between the Company and the New Securities Purchaser. If any Senior Holder Investor shall fail for any reason to purchase any New Securities which it has elected to purchase, the sole right, remedy and recourse of the Company, the New Securities Purchaser, and the complying Senior HoldersInvestors, as the case may be, shall be the right of the Company to issue to the New Securities Purchaser and the other Senior HoldersInvestors, pro rata based on their respective participations in the transaction as determined pursuant to Section 4.17.01, additional New Securities equal in kind and number or other relevant amount to the New Securities which such Senior Holder Investor failed to purchase at the closing, in which event the Majority Senior Holders Investors may elect to postpone the closing for five Business Days. Unless the Company and any Senior Holder Investor otherwise agree, the closing of any issuance of New Securities to any Senior Holder Investor pursuant to this Section 4 Article VII shall take place at the principal executive offices of the Company at 11:00 A.M., local time, on the later of (i) the tenth Business Day thirtieth day following the expiration of the period of fifteen Business Days after the later of (A) the date of the relevant Preissuance Notice was given (except if there is a relevant Subsequent Notice, in which case the date of such Subsequent Notice) and (B) the date all disputes as to the valuations have been resolved and (ii) the fifteenth Business Day following the expiration of all applicable waiting periods, if any, under the HSR Act and the receipt of all consents, approvals and authorizations from governmental authorities or other Persons that are which the Majority Investors believe to be necessary or desirable in connection with the acquisition of the New Securities to be issued to the Senior HolderInvestor. The Company shall execute such documents and instruments as may be necessary or reasonably requested to effectuate the issuance of New Securities to any Senior HolderInvestor.

Appears in 1 contract

Sources: Securities Purchase Agreement (TPG Advisors Iii Inc)