Common use of Conversion Delays Clause in Contracts

Conversion Delays. If the Issuer fails to deliver shares in accordance with the timeframe stated in Section 2, 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rescind any portion, in whole or in part, of that particular conversion attributable to the unsold shares and have the rescinded conversion amount returned to the Principal Sum with the rescinded conversion shares returned to the Issuer (under the Holder’s and the Issuer’s expectations that any returned conversion amounts will tack back to the original date of the Note). In addition, for each conversion, in the event that shares are not delivered by the fourth business day (inclusive of the day of conversion), a penalty of $100 per day will be assessed for each day after the third business day (inclusive of the day of the conversion) until share delivery is made; and such penalty will be added to the Principal Sum of the Note (under the Holder’s and the Issuer’s expectations that any penalty amounts will tack back to the original date of the Note).

Conversion Delays. If the Issuer Xxxxxxxx fails to deliver shares in accordance with the timeframe time frame stated in Section 2above, 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rescind any portion, in whole or in part, of that particular conversion attributable to the unsold shares and have the rescinded conversion amount returned to the Principal Sum with the rescinded conversion shares returned to the Issuer Maker (under the Holder’s Xxxxxx's and the Issuer’s Maker's expectations that any returned conversion amounts will tack back to the original date of the Note). In addition, for each conversion, in the event that shares are not delivered by the fourth fifth business day (inclusive of the day of conversion), a penalty of $100 2,000 per day will be assessed for each day after the third fifth business day (inclusive of the day of the conversion) until share delivery is made; and such penalty will be added to the Principal Sum of the Note (under the Holder’s Xxxxxx's and the Issuer’s Maker's expectations that any penalty amounts will tack back to the original date of the Note).

Conversion Delays. If the Issuer fails to deliver shares in accordance with the timeframe stated in Section 2, the HolderInvestor, 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 and have the rescinded conversion amount returned to the Principal Sum with the rescinded conversion shares returned to the Issuer (under the Holder’s Investor's and the Issuer’s 's expectations that any returned conversion amounts will tack back to the original date of the Note). In addition, for each conversion, in the event that shares are not delivered by the fourth business day (inclusive of the day of conversion), a penalty of $100 200 per day will be assessed for each day after the third business day (inclusive of the day of the conversion) until share delivery is made; and such penalty will be added to the Principal Sum of the Note (under the Holder’s Investor's and the Issuer’s 's expectations that any penalty amounts will tack back to the original date of the Note).

Conversion Delays. If the Issuer Borrower fails to deliver shares in accordance with the timeframe stated in Section 2, the HolderLender, 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 and have the rescinded conversion amount returned to the Principal Sum with the rescinded conversion shares returned to the Issuer Borrower (under the HolderXxxxxx’s and the IssuerXxxxxxxx’s expectations that any returned conversion amounts will shall tack back to the original date of the Note). In addition, for each conversion, in the event that shares are not delivered by the fourth business day (inclusive of the day of conversion), a penalty of $100 2,000 per day will shall be assessed for each day after the third business day (inclusive of the day of the conversion) until share delivery is made; and such penalty will shall be added to the Principal Sum of the Note (under the HolderXxxxxx’s and the IssuerBorrower’s expectations that any penalty amounts will shall tack back to the original date of the Note).

Conversion Delays. If the Issuer fails to deliver shares in accordance with the timeframe stated in Section 2, 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 and have the rescinded conversion amount returned to the Principal Sum with the rescinded conversion shares returned to the Issuer (under the Holder’s and the Issuer’s expectations that any returned conversion amounts will tack back to the original date of the Note). In addition, for each conversion, in the event that shares are not delivered by the fourth business day (inclusive of the day of conversion), a penalty of $100 6,000 per day will be assessed for each day after the third business day (inclusive of the day of the conversion) until share delivery is made; and such penalty will be added to the Principal Sum of the Note (under the Holder’s and the Issuer’s expectations that any penalty amounts will tack back to the original date of the Note).

Conversion Delays. If the Issuer Xxxxxxxx fails to deliver shares in accordance with the timeframe stated in Section 2, the HolderLender, 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 and have the rescinded conversion amount returned to the Principal Sum with the rescinded conversion shares returned to the Issuer Borrower (under the HolderXxxxxx’s and the IssuerBorrower’s expectations that any returned conversion amounts will tack back to the original date of the Note). In addition, for each conversion, in the event that shares are not delivered by the fourth business day (inclusive of the day of conversion), a penalty of $100 2,000 per day will be assessed for each day after the third business day (inclusive of the day of the conversion) until share delivery is made; and such penalty will be added to the Principal Sum of the Note (under the HolderXxxxxx’s and the IssuerBorrower’s expectations that any penalty amounts will tack back to the original date of the Note).