Common use of Conversion Delays Clause in Contracts

Conversion Delays. 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 The rescinded conversion amount will be returned to the Principal Sum with the rescinded conversion shares returned to the Company, under the expectation that any returned conversion amounts will tack back to the Effective Date.

Appears in 56 contracts

Samples: Convertible Note Agreement (Arax Holdings Corp), Sale Purchase Agreement (Arax Holdings Corp), Convertible Note Agreement (CarbonMeta Technologies, Inc.)

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Conversion Delays. If the Company fails to deliver shares in accordance with the timeframe stated in Section 1.00(b2.00(c), 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 The rescinded conversion amount will be returned to the Principal Sum with the rescinded conversion shares returned to the Company, under the expectation that any returned conversion amounts will tack back to the Effective Date.

Appears in 9 contracts

Samples: Convertible Note (CoroWare, Inc,), Note (Tauriga Sciences, Inc.), Convertible Note (Tauriga Sciences, Inc.)

Conversion Delays. If the Company fails to deliver shares in accordance with the timeframe stated in Section 1.00(b2.00(d), 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 The rescinded conversion amount will be returned to the Principal Sum with the rescinded conversion shares returned to the Company, under the expectation that any returned conversion amounts will tack back to the Effective Date.

Appears in 4 contracts

Samples: 10% Promissory Note (Tauriga Sciences, Inc.), Convertible Note (Tauriga Sciences, Inc.), Convertible Note (Blackboxstocks Inc.)

Conversion Delays. If the Company fails to deliver shares in accordance with the timeframe stated in Section 1.00(b)‎Section 5(‎d) above, in addition to all other remedies available to the Holder, at any time prior to selling all of those shares, may rescind any portion, in whole or in part, portion of that the 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.

Appears in 3 contracts

Samples: Convertible Note Agreement (Hallmark Venture Group, Inc.), Convertible Note Agreement (Hallmark Venture Group, Inc.), Convertible Note Agreement (Hallmark Venture Group, Inc.)

Conversion Delays. If the Company fails to deliver shares in accordance with the timeframe stated in Section 1.00(b2.00(c), 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 then outstanding with the rescinded conversion shares returned to the Company, under the expectation that any returned conversion amounts will tack back to the Effective Date.

Appears in 3 contracts

Samples: Convertible Note (ParcelPal Logistics Inc.), Convertible Note Agreement, Convertible Note (ParcelPal Technology Inc.)

Conversion Delays. If the Company fails to deliver shares in accordance with the timeframe stated in Section 1.00(b)5(d) above, in addition to all other remedies available to the Holder, at any time prior to selling all of those shares, may rescind any portion, in whole or in part, portion of that the 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.

Appears in 3 contracts

Samples: Convertible Note (Humble Energy, Inc./Fl), Convertible Note (Humble Energy, Inc./Fl), Convertible Note Agreement (Humble Energy, Inc./Fl)

Conversion Delays. 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, Company under the expectation that any returned conversion amounts will tack back to the Effective Date.

Appears in 2 contracts

Samples: Investment Agreement, Investment Agreement (United Cannabis Corp)

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Conversion Delays. If the Company fails to deliver shares in accordance with the timeframe stated in Section 1.00(b2.00(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.

Appears in 1 contract

Samples: Convertible Note (HealthLynked Corp)

Conversion Delays. If the Company fails to deliver shares in accordance with the timeframe stated in Section 1.00(b3.00(d), 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.

Appears in 1 contract

Samples: Note (United Cannabis Corp)

Conversion Delays. 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 DateDate per tranche.

Appears in 1 contract

Samples: Convertible Note (Liberty Star Uranium & Metals Corp.)

Conversion Delays. If the Company fails to deliver shares in accordance with the timeframe stated in Section 1.00(b3.00(c), 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.

Appears in 1 contract

Samples: Convertible Note (SIMPLICITY ESPORTS & GAMING Co)

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