Common use of Delivery of Conversion Shares Upon Conversion Clause in Contracts

Delivery of Conversion Shares Upon Conversion. Not later than ten (10) Trading Days after each Conversion Date (the "Share Delivery Date"), the Corporation shall deliver, or cause to be delivered, to the converting Holder the number of Conversion Shares being acquired upon the conversion of the Series A Preferred which, on or after the earlier of (i) the twelve month anniversary of the Original Issue Date or (ii) the Effective Date, shall be free of restrictive legends and trading restrictions. If the Common Stock is listed or quoted for public trading, the Corporation shall deliver the Conversion Shares required to be delivered by the Corporation under this Section 5 electronically through the Depository Trust Company or another established clearing corporation performing similar functions.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Asta Holdings, Corp.), Merger and Share Exchange Agreement (Asta Holdings, Corp.), Merger and Share Exchange Agreement (Asta Holdings, Corp.)

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Delivery of Conversion Shares Upon Conversion. Not later than ten the two (102) Trading Days after each Conversion Date (the "Share Delivery Date"), the Corporation Company shall deliver, or cause to be delivered, to the converting Holder the number of Conversion Shares being acquired upon the conversion of the Series A Preferred which, on or after the earlier of (i) the twelve six month anniversary of the Original Issue Date or (ii) the Effective Date, shall be free of restrictive legends and trading restrictions. If On or after the Common Stock is listed earlier of (i) the six-month anniversary of the Original Issue Date or quoted for public trading(ii) the Effective Date, the Corporation Company shall deliver the any Conversion Shares required to be delivered by the Corporation Company under this Section 5 4(c) electronically through the Depository Trust Company or another established clearing corporation performing similar functions.

Appears in 2 contracts

Samples: Convertible Security Agreement (Vaccinex, Inc.), Convertible Security Agreement (Vaccinex, Inc.)

Delivery of Conversion Shares Upon Conversion. Not later than ten (10) Trading 10 Business Days after each Conversion Date (the "Share Delivery Date"), the Corporation Company shall deliver, or cause to be delivered, to the converting Holder the number of Conversion Shares being acquired upon the conversion of the Series A Preferred this Impact Note which, on or after the earlier of of (i) the twelve 6 month anniversary of the Original Issue Date under Rule 144 or (ii) an effective registration statement of the Effective Datecommon stock, shall be free of restrictive legends and trading restrictions. If restrictions (other than those which may then be required by the Common Stock is listed or quoted for public trading, the Corporation Purchase Agreement) and shall deliver the Conversion Shares required to be delivered by the Corporation Company under this Section 5 4(c) to the Holder, electronically through the Depository Trust Company or another established clearing corporation performing similar functionsfunctions if the Company is then a participant in such system.

Appears in 1 contract

Samples: Impact Note Purchase Agreement

Delivery of Conversion Shares Upon Conversion. Not later than ten three (103) Trading Days after each Conversion Date (the "Share Delivery Date"), the Corporation Company shall deliver, or cause to be delivered, to the converting Holder the number of Conversion Shares being acquired upon the conversion of the Series A C Preferred which, on or after the earlier of (i) the twelve month anniversary of the Original Issue Date or (ii) the Effective Date, shall be free of restrictive legends and trading restrictions. If the Common Stock is listed or quoted for public trading, the Corporation Company shall deliver the Conversion Shares required to be delivered by the Corporation Company under this Section 5 6 electronically through the Depository Trust Company or another established clearing corporation performing similar functions.

Appears in 1 contract

Samples: Subscription Agreement (Star Mountain Resources, Inc.)

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Delivery of Conversion Shares Upon Conversion. Not later than ten three (103) Trading Days after each Conversion Date (the "Share Delivery Date"), the Corporation Company shall deliver, or cause to be delivered, to the converting Holder the number of Conversion Shares being acquired upon the conversion of the Series A C Preferred which, on or after the earlier of (i) the twelve month anniversary of the Original Issue Date or (ii) the Effective Date, shall be free of restrictive legends and trading restrictions. If the Common Stock is listed or quoted for public trading, the Corporation Company shall deliver the Conversion Shares required to be delivered by the Corporation Company under this Section 5 electronically through the Depository Trust Company or another established clearing corporation performing similar functions.

Appears in 1 contract

Samples: Stock Purchase Agreement (Great Plains Holdings, Inc.)

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