Conversion Delavs Clause Samples

Conversion Delavs. If the Company fails to deliver shares in accordance with the timeframe stated in Section 1.00(b), the Holder. at any time prior to selling all of those shares, may rescind any portion, in whole or in part of that particular conversion attributable to the unsold shares. The rescinded conversion amount will be returned to the Principal Sum with the rescinded conversion shares returned to the Company, under the expectation that any returned conversion amounts will tack back to the Effective Date.