Common use of Delivery of Conversion Shares Clause in Contracts

Delivery of Conversion Shares. Within a reasonable time, not to exceed five (5) business days after the Conversion Date, the Borrower will deliver a certificate to Holder representing the number of fully paid and non-assessable shares of Common Stock into which the Conversion Amount has been converted in accordance with the terms of this Note. The certificate will bear a restrictive legend in accordance with applicable securities laws unless the shares have been previously registered.

Appears in 4 contracts

Samples: Rancher Energy Corp., Rancher Energy Corp., Rancher Energy Corp.

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